XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,021 $ 2,560
Accounts receivable - net (Note 5) 75,889 53,484
Contract assets - net (Note 3) 20,562 29,489
Inventories - net (Note 6) 80,085 73,111
Other current assets 10,912 8,711
Total current assets 191,469 167,355
Property, plant, and equipment - net 75,608 75,579
Operating lease right-of-use assets - net 13,313 14,905
Other assets:    
Goodwill (Note 4) 32,019 32,587
Other intangibles - net (Note 4) 17,078 19,010
Other assets 3,774 2,965
TOTAL ASSETS 333,261 312,401
Current liabilities:    
Accounts payable 45,920 39,500
Deferred revenue (Note 3) 7,532 12,479
Accrued payroll and employee benefits 7,921 16,978
Current portion of accrued settlement (Note 13) 6,000 8,000
Current maturities of long-term debt (Note 7) 167 102
Other accrued liabilities 12,889 17,442
Total current liabilities 80,429 94,501
Long-term debt (Note 7) 87,006 55,171
Deferred tax liabilities (Note 9) 1,173 1,232
Long-term operating lease liabilities 10,497 11,865
Other long-term liabilities 6,504 6,797
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at June 30, 2024 and December 31, 2023, 11,115,779; shares outstanding at June 30, 2024 and December 31, 2023, 10,783,036 and 10,733,935, respectively 111 111
Paid-in capital 42,612 43,111
Retained earnings 131,916 124,633
Treasury stock - at cost, 332,743 and 381,844 common stock shares at June 30, 2024 and December 31, 2023, respectively (6,405) (6,494)
Accumulated other comprehensive loss (21,156) (19,250)
Total L.B. Foster Company stockholders’ equity 147,078 142,111
Noncontrolling interest 574 724
Total stockholders’ equity 147,652 142,835
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 333,261 $ 312,401