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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 26,412 $ 14,289
Accounts receivable, net of allowance for doubtful accounts of $4,850 and $6,881, respectively 105,629 103,361
Inventories 140,545 152,580
Prepaid expenses and other 14,051 18,792
Total current assets 286,637 289,022
Property, plant and equipment 246,576 235,124
Less - accumulated depreciation (118,466) (105,848)
Property, plant and equipment, net 128,110 129,276
Purchased intangible assets, net 159,814 174,104
Deferred tax assets 1,793 1,230
Other assets 67,789 77,705
Total assets 644,143 671,337
Current liabilities:    
Accounts payable 46,924 45,059
Accrued expenses 11,127 11,393
Accrued income taxes 5,357 7,574
Accrued employee compensation and benefits 13,195 10,399
Contract liabilities 14,105 23,162
Current portion of long-term debt 3,125 2,500
Other current liabilities 9,938 14,015
Total current liabilities 103,771 114,102
Long-term debt 53,409 68,318
Deferred tax liabilities 1,268 711
Other long-term liabilities 45,641 50,155
Total liabilities 204,089 233,286
Commitments and contingencies (Note 12)
Redeemable noncontrolling interest 187,080 187,080
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; 21,497,468 and 21,083,184 shares issued, respectively 1,075 1,054
Additional paid-in capital 306,461 305,460
Retained (deficit) earnings (3,081) 0
Other cumulative comprehensive loss (24,899) (29,560)
Treasury stock, at cost, and company stock held for deferred compensation, at par; 906,986 and 820,322 shares, respectively (26,582) (25,983)
Total stockholders’ equity 252,974 250,971
Total liabilities, redeemable noncontrolling interest, and stockholders’ equity $ 644,143 $ 671,337