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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 22,444 $ 6,433
Accounts receivable, less allowances of $2,128 and $1,766, respectively 42,597 74,697
Inventories 130,093 144,411
Prepaid expenses and other current assets 8,280 9,668
Income tax receivable 0 1,995
Total current assets 203,414 237,204
Goodwill and intangible assets 5,500 8,176
Prepaid pension cost 7,414 5,758
Deferred income taxes 1,435 1,534
Operating right-of-use assets 28,083 29,423
Other noncurrent assets 1,083 792
Property, plant and equipment:    
Land 5,580 5,579
Buildings 21,037 20,950
Machinery and equipment 44,537 41,054
Property, plant and equipment, at cost 71,154 67,583
Accumulated depreciation (28,486) (20,144)
Property, plant and equipment, net 42,668 47,439
Total assets 289,597 330,326
Current liabilities:    
Accounts payable 29,039 41,745
Accrued payroll and employee benefits 7,792 7,648
Accrued and other current liabilities 3,290 3,540
Operating lease liabilities 6,585 6,537
Income tax payable 514 573
Short-term borrowings 3,025 2,888
Current portion of finance leases 676 596
Current portion of long-term debt 5,000 0
Total current liabilities 55,921 63,527
Long-term debt, less current portion 210,430 263,523
Deferred income taxes 755 3,775
Finance leases, less current portion 7,727 8,208
Other Liabilities, Noncurrent 3,397 2,894
Pension and postretirement benefit obligations 7,017 6,709
Noncurrent operating lease liabilities 21,530 22,760
Commitments and contingencies (Note 9)
Stockholders' deficit:    
Common stock, $0.10 par value-40,000 Class A shares authorized with 7,408 shares issued and 7,255 shares outstanding at December 31, 2020, and 382 shares issued and 365 shares outstanding at December 31, 2019 74 4
Additional paid-in capital 124,815 61,495
Accumulated deficit (129,401) (88,741)
Accumulated other comprehensive loss (11,762) (13,374)
Treasury stock, at cost - 153 shares at December 31, 2020 and 17 shares at December 31, 2019 (906) (454)
Total stockholders' deficit (17,180) (41,070)
Total liabilities and stockholders' deficit $ 289,597 $ 330,326