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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 14,913 $ 15,120
Accounts receivable, net of allowance for credit losses of $2,548 and $2,280 at 2024 and 2023, respectively 115,092 109,352
Inventories 70,711 71,702
Prepaid expenses 9,562 8,153
Income taxes receivable 14,443 13,716
Other current assets 4,326 5,093
TOTAL CURRENT ASSETS 229,047 223,136
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of $318,151 and $315,796 at 2024 and 2023, respectively 98,521 99,626
RIGHT OF USE ASSETS 53,636 53,842
INTANGIBLES, net of accumulated amortization and impairment of $18,951 and $18,825 at 2024 and 2023, respectively 6,801 6,926
GOODWILL 99,445 99,445
DEFERRED TAX ASSETS, net 66,267 69,201
OTHER ASSETS 34,233 34,219
TOTAL ASSETS 587,950 586,395
CURRENT LIABILITIES:    
Accounts payable 32,486 33,506
Accrued payroll and related costs 20,178 18,791
Taxes other than payroll and income 4,148 5,939
Unearned revenues 5,126 4,755
Operating lease liabilities 10,430 10,175
Income taxes payable 3,816 7,280
Other current liabilities 9,284 7,651
TOTAL CURRENT LIABILITIES 85,468 88,097
LONG-TERM DEBT, net 160,370 163,134
LONG-TERM OPERATING LEASE LIABILITIES 41,481 42,076
DEFERRED COMPENSATION 30,445 30,544
DEFERRED TAX LIABILITIES, net 12,590 12,697
OTHER LONG-TERM LIABILITIES 20,179 20,040
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Preference stock, 6,000,000 shares authorized, $0.01 par value; none issued or outstanding 0 0
Common stock, 200,000,000 shares authorized, $0.01 par value, 46,938,557 issued and 46,864,366 outstanding at 2024; 46,938,557 issued and 46,856,536 outstanding at 2023 469 469
Additional paid-in capital 114,642 110,011
Retained earnings 123,508 120,756
Accumulated other comprehensive income (loss) (5,160) (4,972)
Treasury stock (at cost), 74,191 and 82,021 shares at 2024 and 2023, respectively (1,304) (1,449)
Total Core Laboratories Inc. shareholders' equity 232,155 224,815
Non-controlling interest 5,262 4,992
TOTAL EQUITY 237,417 229,807
TOTAL LIABILITIES AND EQUITY $ 587,950 $ 586,395