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Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 10,718 $ 11,100
Accounts receivable, less allowances of $2,380 and $2,380, respectively 83,619 73,191
Inventories 189,973 216,090
Prepaid expenses and other current assets 13,903 10,424
Income tax receivable 329 346
Disposal Group, Including Discontinued Operation, Assets, Current 0 37,140
Total current assets 298,542 348,291
Investment in joint venture 36,001 35,690
Intangible assets, net 8,709 10,250
Prepaid pension cost 9,072 8,422
Deferred income taxes 494 378
Other noncurrent assets 5,710 6,109
Property, plant and equipment:    
Land 2,521 2,519
Buildings 39,850 39,778
Machinery and equipment 130,072 153,955
Property, plant and equipment, at cost 172,443 196,252
Accumulated depreciation (114,002) (131,691)
Property, plant and equipment, net 58,441 64,561
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 0 19,805
Total assets 416,969 493,506
Current liabilities:    
Accounts payable 50,468 45,606
Accrued and other current liabilities 38,686 28,078
Income tax payable 489 33
Current portion of long-term debt 6,978 7,012
Disposal Group, Including Discontinued Operation, Liabilities, Current 0 11,158
Total current liabilities 96,621 91,887
Long-term debt, less current portion 268,546 310,614
Deferred income taxes 0 4,169
Build to suit liability 12,775 13,237
Other noncurrent liabilities 9,018 7,935
Pension and Other Postretirement and Postemployment Benefit Plans, Liabilities, Noncurrent $ 18,622 $ 18,676
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.01 par value—9,988 shares authorized (including 400 Series B Junior Preferred $0.00 par value shares); no shares issued and outstanding at March 31, 2016 and December 31, 2015 $ 0 $ 0
Common stock, $0.01 par value—60,000 shares authorized and 23,888 shares issued and 23,794 outstanding at March 31, 2016 and December 31, 2015 238 238
Additional paid-in capital 227,046 226,844
Accumulated deficit (182,179) (145,309)
Accumulated other comprehensive loss (32,754) (33,821)
Treasury stock, at cost—94 shares at March 31, 2016 and December 31, 2015 (964) (964)
Total stockholders’ equity 11,387 46,988
Total liabilities and stockholders’ equity $ 416,969 $ 493,506