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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 16 $ 3,967
Receivables, less allowances of $652 and $492; respectively 49,985 57,419
Inventories 92,462 121,870
Prepaid expenses 4,280 4,942
Prepaid income tax 88  
TOTAL CURRENT ASSETS 146,831 188,198
Property, plant and equipment, net 23,786 24,751
Assets held for sale 2,653 2,823
Operating lease right-of-use assets 8,378 9,100
Intangible assets 28,640 31,120
Goodwill 42,326 42,326
Other assets 391 400
TOTAL ASSETS 253,005 298,718
Current liabilities:    
Current portion of long-term debt 7,143 7,143
Trade accounts payable 9,797 9,414
Accrued liabilities 15,283 21,320
Income tax payable   71
Current operating lease liabilities 1,041 993
TOTAL CURRENT LIABILITIES 33,264 38,941
Long-term debt 43,753 87,738
Deferred income tax liability 3,125 4,516
Operating lease liabilities 7,897 8,641
Other liabilities 387 407
TOTAL LIABILITIES 88,426 140,243
Commitments and Contingencies  
Stockholders' equity:    
Common stock, Authorized: 30,000,000 shares, no par value, Issued and outstanding: 2023 —13,736,800 shares, 2022 —13,594,407 shares 4,480 2,025
Retained earnings 160,099 156,450
TOTAL STOCKHOLDERS’ EQUITY 164,579 158,475
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 253,005 $ 298,718