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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19,647 $ 25,144
Accounts receivable, net of allowance for doubtful accounts of $772 and $925, respectively 109,332 94,415
Inventories 179,545 156,590
Prepaid expenses and other 17,069 10,723
Total current assets 325,593 286,872
Property, plant and equipment 214,243 211,277
Less - accumulated depreciation (85,448) (81,832)
Property, plant and equipment, net 128,795 129,445
Goodwill 141,725 141,725
Purchased intangible assets, net 212,258 217,925
Deferred tax assets 7,669 7,633
Other assets 87,963 95,378
Total assets 904,003 878,978
Current liabilities:    
Accounts payable 71,408 46,816
Accrued expenses 11,099 8,415
Accrued income taxes 5,837 4,256
Accrued employee compensation and benefits 14,586 14,441
Contract liabilities 31,198 32,080
Current portion of long-term debt 15,000 15,000
Other current liabilities 12,823 7,042
Total current liabilities 161,951 128,050
Long-term debt 111,686 117,798
Deferred tax liabilities 2,122 1,908
Other long-term liabilities 58,445 63,053
Total liabilities 334,204 310,809
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 187,522 187,522
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; 20,399,461 and 20,140,654 shares issued, respectively 1,020 1,007
Additional paid-in capital 308,675 303,893
Retained earnings 124,986 125,215
Other cumulative comprehensive loss (27,989) (28,758)
Treasury stock, at cost, and company stock held for deferred compensation, at par; 682,907 and 605,723 shares, respectively (24,415) (20,710)
Total stockholders’ equity 382,277 380,647
Total liabilities, redeemable noncontrolling interest, and stockholders’ equity $ 904,003 $ 878,978