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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 11,819 $ 30,810
Accounts receivable, net of allowance for doubtful accounts of $2,801 and $2,773, respectively 92,998 71,932
Inventories 152,023 124,214
Prepaid expenses and other 11,888 12,240
Total current assets 268,728 239,196
Property, plant and equipment 198,920 191,022
Less - accumulated depreciation (74,091) (68,944)
Property, plant and equipment, net 124,829 122,078
Goodwill 135,464 141,266
Purchased intangible assets, net 229,365 255,576
Deferred tax assets 7,094 6,930
Other assets 98,075 99,366
Total assets 863,555 864,412
Current liabilities:    
Accounts payable 45,179 40,276
Accrued expenses 9,818 13,585
Accrued income taxes 289 9
Accrued employee compensation and benefits 11,631 9,766
Contract liabilities 33,202 21,052
Current portion of long-term debt 15,000 15,000
Other current liabilities 6,291 6,126
Total current liabilities 121,410 105,814
Long-term debt 125,017 132,425
Deferred tax liabilities 2,019 2,202
Other long-term liabilities 62,858 66,250
Total liabilities 311,304 306,691
Commitments and contingencies (Note 12)
Redeemable noncontrolling interest 197,196 197,196
Stockholders’ equity    
Preferred stock, $0.05 par value; 4,000,000 shares authorized; no issued and outstanding shares 0 0
Common stock, $0.05 par value; 50,000,000 shares authorized; 20,119,929 and 19,920,829 shares issued, respectively 1,006 996
Additional paid-in capital 298,905 294,515
Retained earnings 106,043 111,031
Other cumulative comprehensive loss (30,329) (26,538)
Treasury stock, at cost, and company stock held for deferred compensation, at par; 597,758 and 570,415 shares, respectively (20,570) (19,479)
Total stockholders’ equity 355,055 360,525
Total liabilities, redeemable noncontrolling interest, and stockholders’ equity $ 863,555 $ 864,412