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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Jul. 09, 2022
Current Assets:      
Cash and cash equivalents $ 577 $ 3,967 $ 6,195
Receivables, less allowance of $355; $492; and $726; respectively 54,975 57,419 60,011
Inventories 111,676 121,870 130,246
Prepaid expenses 3,925 4,942 7,263
Prepaid income tax 1,518 0 621
TOTAL CURRENT ASSETS 172,671 188,198 204,336
Property, plant and equipment, net 24,261 24,751 28,344
Assets held for sale 2,823 2,823 0
Operating lease right-of-use assets 8,669 9,100 9,318
Intangible assets, net 29,880 31,120 35,353
Goodwill 42,326 42,326 39,226
Other assets 455 400 275
TOTAL ASSETS 281,085 298,718 316,852
Current Liabilities:      
Current portion of long-term debt 7,143 7,143 7,143
Trade accounts payable 14,680 9,414 24,650
Accrued liabilities 9,897 21,320 20,483
Income tax payable 0 71 0
Current operating lease liabilities 1,002 993 676
TOTAL CURRENT LIABILITIES 32,722 38,941 52,952
Other Liabilities:      
Long‑term debt 76,809 87,738 94,040
Deferred income tax liability 4,516 4,516 4,759
Operating lease liabilities 8,222 8,641 8,660
Other liabilities 407 407 448
TOTAL LIABILITIES 122,676 140,243 160,859
Stockholders' Equity:      
Authorized 30,000,000 shares; no par value, issued and outstanding – 13,736,800; 13,594,407; and 13,590,407; shares respectively 13,737 13,594 13,590
Retained earnings 144,672 144,881 142,403
TOTAL STOCKHOLDERS' EQUITY 158,409 158,475 155,993
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 281,085 $ 298,718 $ 316,852