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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 35,939 $ 52,485
Trade accounts receivable, net of allowances of $462 in 2024 and $614 in 2023 132,429 111,798
Inventories 94,285 96,536
Prepaid expenses and other current assets 24,911 21,196
Total current assets 287,564 282,015
Property, plant, and equipment:    
Land and building 23,800 23,173
Machinery and equipment 311,609 304,884
Automobiles and trucks 10,201 10,148
Chemical plants 66,491 67,114
Construction in progress 11,126 10,323
Total property, plant, and equipment 423,227 415,642
Less accumulated depreciation (309,858) (307,926)
Net property, plant, and equipment 113,369 107,716
Other assets:    
Patents, trademarks and other intangible assets, net of accumulated amortization of $52,427 in 2024 and $51,509 in 2023 28,073 29,132
Operating lease right-of-use assets 30,964 31,915
Investments 20,386 17,354
Other assets 10,969 10,829
Total other assets 90,392 89,230
Total assets 491,325 478,961
Current liabilities:    
Trade accounts payable 47,491 52,290
Compensation and employee benefits 19,232 26,918
Operating lease liabilities, current portion 8,731 9,101
Accrued taxes 13,192 10,350
Accrued liabilities and other 29,280 27,303
Total current liabilities 117,926 125,962
Long-term debt, net 179,394 157,505
Operating lease liabilities 26,738 27,538
Asset retirement obligations 14,645 14,199
Deferred income taxes 2,176 2,279
Other liabilities 4,299 4,144
Total long-term liabilities 227,252 205,665
Commitments and contingencies (Note 7)
Equity:    
Common stock, par value 0.01 per share; 250,000,000 shares authorized at March 31, 2024 and December 31, 2023; 134,274,837 shares issued at March 31, 2024 and 133,217,848 shares issued at December 31, 2023 1,343 1,332
Additional paid-in capital 488,440 489,156
Treasury stock, at cost; 3,138,675 shares held at March 31, 2024 and December 31, 2023 (19,957) (19,957)
Accumulated other comprehensive loss (46,628) (45,231)
Retained deficit (275,794) (276,709)
Total TETRA stockholders’ equity 147,404 148,591
Noncontrolling interests (1,257) (1,257)
Total equity 146,147 147,334
Total liabilities and equity $ 491,325 $ 478,961