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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Current Assets:      
Cash and cash equivalents $ 362 $ 16 $ 577
Receivables, less allowance of $489; $652; and $355; respectively 47,829 49,985 54,975
Inventories 86,571 92,462 111,676
Prepaid expenses 2,461 4,280 3,925
Prepaid income tax 1,829 88 1,518
TOTAL CURRENT ASSETS 139,052 146,831 172,671
Property, plant and equipment, net 23,441 23,786 24,261
Assets held for sale 2,459 2,653 2,823
Operating lease right-of-use assets 7,905 8,378 8,669
Intangible assets, net 27,456 28,640 29,880
Goodwill 42,326 42,326 42,326
Other assets 427 391 455
TOTAL ASSETS 243,066 253,005 281,085
Current Liabilities:      
Current portion of long-term debt 7,143 7,143 7,143
Trade accounts payable 12,798 9,797 14,680
Accrued liabilities 9,222 15,283 9,897
Current operating lease liabilities 1,077 1,041 1,002
TOTAL CURRENT LIABILITIES 30,240 33,264 32,722
Long‑term debt 36,024 43,753 76,809
Deferred income tax liability 3,125 3,125 4,516
Operating lease liabilities 7,398 7,897 8,222
Other liabilities 297 387 407
TOTAL LIABILITIES 77,084 88,426 122,676
Stockholders' Equity:      
Authorized 30,000,000 shares; no par value, issued and outstanding – 13,877,302; 13,736,800; and 13,736,800; shares respectively 5,406 4,480 3,389
Retained earnings 160,576 160,099 155,020
TOTAL STOCKHOLDERS' EQUITY 165,982 164,579 158,409
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 243,066 $ 253,005 $ 281,085