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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 24,230 $ 6,433
Accounts receivable, less allowances of $2,514 and $1,766, respectively 46,768 74,697
Inventories 140,085 144,411
Prepaid expenses and other current assets 9,717 9,668
Income tax receivable 2,486 1,995
Total current assets 223,286 237,204
Goodwill and intangible assets 5,500 8,176
Prepaid pension cost 7,504 5,758
Deferred income taxes 1,497 1,534
Operating right-of-use assets 29,943 29,423
Other noncurrent assets 550 792
Property, plant and equipment:    
Land 5,578 5,579
Buildings 20,928 20,950
Machinery and equipment 41,562 41,054
Property, plant and equipment, at cost 68,068 67,583
Accumulated depreciation (24,115) (20,144)
Property, plant and equipment, net 43,953 47,439
Total assets 312,233 330,326
Current liabilities:    
Accounts payable 40,589 41,745
Accrued and other current liabilities 10,785 11,188
Operating lease liabilities 6,508 6,537
Income tax payable 542 573
Short-term borrowings 1,980 2,888
Current portion of finance leases 663 596
Current portion of long-term debt 2,000 0
Total current liabilities 63,067 63,527
Long-term debt, less current portion 213,253 263,523
Deferred income taxes 1,543 3,775
Finance leases, less current portion 7,893 8,208
Other noncurrent liabilities 3,621 2,894
Pension and postretirement benefit obligations 6,554 6,709
Noncurrent operating lease liabilities 23,563 22,760
Commitments and contingencies (see Note 12)
Stockholders’ equity (deficit):    
Common stock, $0.01 par value—400,000 Class A shares authorized with 74,079 shares issued and — shares outstanding at September 30, 2020, and 3,818 shares issued and 3,650 shares outstanding at December 31, 2019 741 38
Additional paid-in capital 123,958 61,461
Accumulated deficit (118,579) (88,741)
Accumulated other comprehensive loss (12,927) (13,374)
Treasury stock, at cost — 168 shares at September 30, 2020 and 168 shares at December 31, 2019 (454) (454)
Total stockholders’ equity (deficit) (7,261) (41,070)
Liabilities and Equity, Total $ 312,233 $ 330,326