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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 52,485 $ 13,592
Trade accounts receivable, net of allowance for credit losses of $614 in 2023 and $538 in 2022 111,798 129,631
Inventories 96,536 72,113
Prepaid expenses and other current assets 21,196 23,112
Total current assets 282,015 238,448
Property, plant, and equipment:    
Land and building 23,173 25,723
Machinery and equipment 304,884 318,693
Automobiles and trucks 10,148 11,832
Chemical plants 67,114 63,528
Construction in progress 10,323 7,660
Total property, plant, and equipment 415,642 427,436
Less accumulated depreciation (307,926) (325,856)
Net property, plant, and equipment 107,716 101,580
Other assets:    
Other intangibles, net 29,132 32,955
Operating lease right-of-use assets 31,915 33,818
Investments 17,354 14,286
Other assets 10,829 13,279
Total other assets 89,230 94,338
Total assets 478,961 434,366
Current liabilities:    
Trade accounts payable 52,290 49,121
Compensation and employee benefits 26,918 30,958
Operating lease liabilities, current portion 9,101 7,795
Accrued taxes 10,350 9,913
Accrued liabilities and other 27,303 25,560
Current liabilities associated with discontinued operations 0 920
Total current liabilities 125,962 124,267
Long-term debt, net 157,505 156,455
Operating lease liabilities 27,538 28,108
Asset retirement obligations 14,199 13,671
Deferred income taxes 2,279 2,038
Other liabilities 4,144 3,430
Total long-term liabilities 205,665 203,702
Commitments and contingencies (Note 11 - “Commitments and Contingencies”)
Equity:    
Common stock, par value $0.01 per share; 250,000,000 shares authorized at December 31, 2023 and December 31, 2022; 133,217,848 shares issued at December 31, 2023 and 131,800,975 shares issued at December 31, 2022 1,332 1,318
Additional paid-in capital 489,156 477,820
Treasury stock, at cost; 3,138,675 shares held at December 31, 2023 and December 31, 2022 (19,957) (19,957)
Accumulated other comprehensive loss (45,231) (49,063)
Retained deficit (276,709) (302,493)
Total TETRA stockholders’ equity 148,591 107,625
Noncontrolling interests (1,257) (1,228)
Total equity 147,334 106,397
Total liabilities and equity $ 478,961 $ 434,366
Treasury stock, shares held (in shares) 3,138,675 3,138,675