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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,454 $ 2,560
Accounts receivable - net (Note 5) 64,978 53,484
Contract assets (Note 3) 16,720 29,489
Inventories - net (Note 6) 70,506 73,111
Other current assets 6,947 8,711
Total current assets 161,605 167,355
Property, plant, and equipment - net (Note 7) 75,374 75,579
Operating lease right-of-use assets - net (Note 8) 18,480 14,905
Other assets:    
Goodwill (Note 4) 31,907 32,587
Other intangibles - net (Note 4) 14,801 19,010
Deferred tax assets (Note 13) 28,900 0
Other assets 3,483 2,965
TOTAL ASSETS 334,550 312,401
Current liabilities:    
Accounts payable 50,083 39,500
Deferred revenue (Note 3) 10,205 12,479
Accrued payroll and employee benefits 15,393 16,978
Current portion of accrued settlement (Note 17) 0 8,000
Current maturities of long-term debt (Note 9) 167 102
Other accrued liabilities 12,448 17,442
Total current liabilities 88,296 94,501
Long-term debt (Note 9) 46,773 55,171
Deferred tax liabilities (Note 13) 1,150 1,232
Long-term operating lease liabilities (Note 8) 14,709 11,865
Other long-term liabilities 4,608 6,797
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at December 31, 2024 and December 31, 2023, 11,115,779; shares outstanding at December 31, 2024 and December 31, 2023, 10,573,432 and 10,733,935, respectively (Note 10) 111 111
Paid-in capital 43,550 43,111
Retained earnings 167,579 124,633
Treasury stock - at cost, common stock, shares at December 31, 2024 and December 31, 2023, 542,347 and 381,844, respectively (Note 10) (11,208) (6,494)
Accumulated other comprehensive loss (Note 11) (21,716) (19,250)
Total L.B. Foster Company stockholders’ equity 178,316 142,111
Noncontrolling interest 698 724
Total stockholders’ equity 179,014 142,835
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 334,550 $ 312,401