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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 16,683 $ 13,592
Trade accounts receivable, net of allowances of $517 in 2023 and $538 in 2022 117,604 129,631
Inventories 83,941 72,113
Prepaid expenses and other current assets 18,587 23,112
Total current assets 236,815 238,448
Property, plant, and equipment:    
Land and building 24,336 25,723
Machinery and equipment 313,968 318,693
Automobiles and trucks 11,112 11,832
Chemical plants 63,757 63,528
Construction in progress 9,657 7,660
Total property, plant, and equipment 422,830 427,436
Less accumulated depreciation (317,579) (325,856)
Net property, plant, and equipment 105,251 101,580
Other assets:    
Patents, trademarks and other intangible assets, net of accumulated amortization of $48,241 in 2023 and $46,996 in 2022 32,005 32,955
Operating lease right-of-use assets 33,973 33,818
Investments 13,902 14,286
Other assets 13,638 13,279
Total other assets 93,518 94,338
Total assets 435,584 434,366
Current liabilities:    
Trade accounts payable 49,334 49,121
Current portion of long-term debt 2,162 3
Compensation and employee benefits 19,700 30,958
Operating lease liabilities, current portion 8,249 7,795
Accrued taxes 8,961 9,913
Accrued liabilities and other 22,127 25,557
Current liabilities associated with discontinued operations 914 920
Total current liabilities 111,447 124,267
Long-term debt, net 160,510 156,455
Operating lease liabilities 27,716 28,108
Asset retirement obligations 13,828 13,671
Deferred income taxes 2,059 2,038
Other liabilities 3,871 3,430
Total long-term liabilities 207,984 203,702
Commitments and contingencies (Note 7)
Equity:    
Common stock, par value 0.01 per share; 250,000,000 shares authorized at March 31, 2023 and December 31, 2022; 132,522,347 shares issued at March 31, 2023 and 131,800,975 shares issued at December 31, 2022 1,325 1,318
Additional paid-in capital 479,993 477,820
Treasury stock, at cost; 3,138,675 shares held at March 31, 2023 and December 31, 2022 (19,957) (19,957)
Accumulated other comprehensive loss (47,521) (49,063)
Retained deficit (296,453) (302,493)
Total TETRA stockholders’ equity 117,387 107,625
Noncontrolling interests (1,234) (1,228)
Total equity 116,153 106,397
Total liabilities and equity $ 435,584 $ 434,366
Treasury stock, shares held 3,138,675 3,138,675