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Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 10,005 $ 11,100
Accounts receivable, less allowances of $2,141 and $2,380, respectively 76,899 73,191
Inventories 179,396 216,090
Prepaid expenses and other current assets 11,609 10,424
Income tax receivable 1,583 346
Current assets of discontinued operations 0 37,140
Total current assets 279,492 348,291
Investment in joint venture 0 35,690
Intangible assets, net 5,637 10,250
Prepaid pension cost 10,372 8,422
Deferred income taxes 416 378
Other noncurrent assets 6,624 6,109
Property, plant and equipment:    
Land 2,071 2,519
Buildings 37,402 39,778
Machinery and equipment 127,690 153,955
Property, plant and equipment, at cost 167,163 196,252
Accumulated depreciation (115,279) (131,691)
Property, plant and equipment, net 51,884 64,561
Noncurrent assets of discontinued operations 0 19,805
Total assets 354,425 493,506
Current liabilities:    
Accounts payable 51,856 45,606
Accrued and other current liabilities 37,401 28,078
Income tax payable 1,512 33
Current portion of long-term debt 142 7,012
Current liabilities of discontinued operations 0 11,158
Total current liabilities 90,911 91,887
Long-term debt, less current portion 235,454 310,614
Deferred income taxes 0 4,169
Build to suit liability 13,229 13,237
Other noncurrent liabilities 9,044 7,935
Pension and other postretirement benefit obligations 18,513 18,676
Commitments and contingencies (Note 14)
Stockholders’ equity (deficit):    
Preferred stock, $0.01 par value—9,988 shares authorized (including 400 Series B Junior Preferred, $0.00 par value); no shares issued and outstanding at September 30, 2016 and December 31, 2015 0 0
Common stock, $0.01 par value—60,000 shares authorized; 32,768 shares issued and 32,639 outstanding at September 30, 2016 and 23,888 shares issued and 23,794 outstanding at December 31, 2015 327 238
Additional paid-in capital 244,344 226,844
Accumulated deficit (223,435) (145,309)
Accumulated other comprehensive loss (32,950) (33,821)
Treasury stock, at cost—129 shares at September 30, 2016 and 94 shares at December 31, 2015 (1,012) (964)
Total stockholders’ equity (deficit) (12,726) 46,988
Total liabilities and stockholders’ equity (deficit) $ 354,425 $ 493,506