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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 14 $ 287
Restricted cash 6,500 8,736
Accounts receivable, net 147,434 138,108
Income tax receivable 4,115 0
Inventories, net 187,420 213,532
Contract assets 135,421 45,194
Prepaid expenses and other 7,308 3,097
Total current assets 488,212 408,954
Property, plant and equipment, net 510,356 369,947
Intangible assets, net and goodwill 160,152 149,945
Right of use assets 15,436 11,774
Other long-term assets 242 816
Deferred tax assets 836 0
Total assets 1,175,234 941,436
Current liabilities:    
Debt, short-term 16,000 0
Accounts payable 44,645 27,484
Accrued liabilities 99,347 85,508
Contract liabilities 14,913 13,757
Total current liabilities 174,905 126,749
Debt, long-term 138,891 38,328
Deferred tax liabilities 0 12,134
Other long-term liabilities 20,743 16,807
New market tax credit obligation [1] 16,113 12,194
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Preferred stock, $.001 par value, 5,000,000 shares authorized, no shares issued 0 0
Common stock, $.004 par value, 200,000,000 shares authorized, 81,436,594 and 81,508,381 issued and outstanding at December 31, 2024 and 2023, respectively 326 326
Additional paid-in capital 68,946 122,063
Retained earnings 755,310 612,835
Total stockholders’ equity 824,582 735,224
Total liabilities and stockholders’ equity $ 1,175,234 $ 941,436
[1]
1 Held by variable interest entities (Note 18)