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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Oct. 01, 2022
Current Assets:      
Cash and cash equivalents $ 919 $ 3,967 $ 4,000
Receivables, less allowance of $367; $492; and $729; respectively 63,378 57,419 65,258
Inventories 105,267 121,870 134,957
Prepaid expenses 4,303 4,942 4,143
Prepaid income tax 2,080 0 1,075
TOTAL CURRENT ASSETS 175,947 188,198 209,433
Property, plant and equipment, net 23,949 24,751 27,618
Assets held for sale 2,823 2,823 0
Operating lease right-of-use assets 8,645 9,100 9,074
Intangible assets, net 29,260 31,120 34,712
Goodwill 42,326 42,326 39,226
Other assets 423 400 261
TOTAL ASSETS 283,373 298,718 320,324
Current Liabilities:      
Current portion of long-term debt 7,143 7,143 7,143
Trade accounts payable 24,050 9,414 22,684
Accrued liabilities 11,991 21,320 19,060
Income tax payable 0 71 0
Current operating lease liabilities 1,037 993 816
TOTAL CURRENT LIABILITIES 44,221 38,941 49,703
Other Liabilities:      
Long‑term debt 64,896 87,738 99,568
Deferred income tax liability 4,516 4,516 4,759
Operating lease liabilities 8,163 8,641 8,557
Other liabilities 407 407 448
TOTAL LIABILITIES 122,203 140,243 163,035
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 147,433 144,881 143,699
TOTAL STOCKHOLDERS' EQUITY 161,170 158,475 157,289
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 283,373 $ 298,718 $ 320,324