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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 27,675 $ 13,592
Trade accounts receivable, net of allowances of $1,177 in 2023 and $538 in 2022 130,386 129,631
Inventories 81,833 72,113
Prepaid expenses and other current assets 21,058 23,112
Total current assets 260,952 238,448
Property, plant, and equipment:    
Land and building 23,488 25,723
Machinery and equipment 320,977 318,693
Automobiles and trucks 10,796 11,832
Chemical plants 64,743 63,528
Construction in progress 4,588 7,660
Total property, plant, and equipment 424,592 427,436
Less accumulated depreciation (315,098) (325,856)
Net property, plant, and equipment 109,494 101,580
Other assets:    
Patents, trademarks and other intangible assets, net of accumulated amortization of $49,447 in 2023 and $46,996 in 2022 31,102 32,955
Operating lease right-of-use assets 36,964 33,818
Investments 16,718 14,286
Other assets 14,762 13,279
Total other assets 99,546 94,338
Total assets 469,992 434,366
Current liabilities:    
Trade accounts payable 53,673 49,121
Current portion of long-term debt 1,900 3
Compensation and employee benefits 23,117 30,958
Operating lease liabilities, current portion 8,461 7,795
Accrued taxes 10,898 9,913
Accrued liabilities and other 27,368 25,557
Current liabilities associated with discontinued operations 414 920
Total current liabilities 125,831 124,267
Long-term debt, net 156,007 156,455
Operating lease liabilities 31,136 28,108
Asset retirement obligations 13,983 13,671
Deferred income taxes 2,000 2,038
Other liabilities 3,978 3,430
Total long-term liabilities 207,104 203,702
Commitments and contingencies (Note 7)
Equity:    
Common stock, par value 0.01 per share; 250,000,000 shares authorized at June 30, 2023 and December 31, 2022; 132,695,294 shares issued at June 30, 2023 and 131,800,975 shares issued at December 31, 2022 1,327 1,318
Additional paid-in capital 481,448 477,820
Treasury stock, at cost; 3,138,675 shares held at June 30, 2023 and December 31, 2022 (19,957) (19,957)
Accumulated other comprehensive loss (46,269) (49,063)
Retained deficit (278,238) (302,493)
Total TETRA stockholders’ equity 138,311 107,625
Noncontrolling interests (1,254) (1,228)
Total equity 137,057 106,397
Total liabilities and equity $ 469,992 $ 434,366