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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,612 $ 2,454
Accounts receivable - net (Note 5) 57,132 64,978
Contract assets - net (Note 3) 13,359 16,720
Inventories - net (Note 6) 81,780 70,506
Other current assets 9,433 6,947
Total current assets 164,316 161,605
Property, plant, and equipment - net 75,863 75,374
Operating lease right-of-use assets - net 23,482 18,480
Other assets:    
Goodwill (Note 4) 32,358 31,907
Other intangibles - net (Note 4) 13,693 14,801
Deferred tax assets (Note 9) 29,630 28,900
Other assets 3,484 3,483
TOTAL ASSETS 342,826 334,550
Current liabilities:    
Accounts payable 37,257 50,083
Deferred revenue (Note 3) 10,126 10,205
Accrued payroll and employee benefits 5,313 15,393
Current maturities of long-term debt (Note 7) 151 167
Other accrued liabilities 11,018 12,448
Total current liabilities 63,865 88,296
Long-term debt (Note 7) 82,347 46,773
Deferred tax liabilities (Note 9) 1,112 1,150
Long-term operating lease liabilities 20,112 14,709
Other long-term liabilities 3,795 4,608
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at March 31, 2025 and December 31, 2024, 11,115,779; shares outstanding at March 31, 2025 and December 31, 2024, 10,507,469 and 10,573,432, respectively 111 111
Paid-in capital 41,823 43,550
Retained earnings 165,469 167,579
Treasury stock - at cost, 608,310 and 542,347 common stock shares at March 31, 2025 and December 31, 2024, respectively (14,736) (11,208)
Accumulated other comprehensive loss (21,879) (21,716)
Total L.B. Foster Company stockholders’ equity 170,788 178,316
Noncontrolling interest 807 698
Total stockholders’ equity 171,595 179,014
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 342,826 $ 334,550