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Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 16,245 $ 35,624
Accounts receivable, less allowances of $1,797 and $1,945, respectively 80,704 64,385
Inventories 158,637 146,603
Prepaid expenses and other current assets 14,027 10,141
Income tax receivable 152 433
Total current assets 269,765 257,186
Intangible assets, net 2,571 4,101
Prepaid pension cost 9,219 8,501
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 410 381
Other noncurrent assets 8,299 9,449
Property, plant and equipment:    
Land 2,071 2,070
Buildings 37,368 37,341
Machinery and equipment 127,960 125,836
Property, plant and equipment, at cost 167,399 165,247
Accumulated depreciation (118,513) (115,537)
Property, plant and equipment, net 48,886 49,710
Total assets 339,150 329,328
Current liabilities:    
Accounts payable 52,604 33,083
Accrued and other current liabilities 23,790 19,854
Income tax payable 95 209
Current portion of long-term debt 75 137
Total current liabilities 76,564 53,283
Long-term debt, less current portion 287,101 286,459
Deferred income taxes 139 0
Build to suit liability 12,528 12,305
Other noncurrent liabilities 5,677 5,978
Pension and other postretirement benefit obligations 6,336 6,430
Commitments and contingencies (Note 13)
Stockholders’ 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 March 31, 2017 and December 31, 2016 0 0
Common stock, $0.01 par value—60,000 shares authorized; 32,768 shares issued and 32,482 outstanding at March 31, 2017 and 32,768 shares issued and 32,566 outstanding at December 31, 2016 327 327
Additional paid-in capital 245,065 244,825
Accumulated deficit (266,783) (253,291)
Accumulated other comprehensive loss (26,725) (25,939)
Treasury stock, at cost—286 shares at March 31, 2017 and 202 shares at December 31, 2016 (1,079) (1,049)
Total stockholders’ deficit (49,195) (35,127)
Total liabilities and stockholders’ deficit $ 339,150 $ 329,328