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Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 11,855 $ 11,100
Accounts receivable, less allowances of $2,575 and $2,380, respectively 79,025 73,191
Inventories 189,384 216,090
Prepaid expenses and other current assets 13,353 10,424
Income tax receivable 295 346
Disposal Group, Including Discontinued Operation, Assets, Current 0 37,140
Total current assets 293,912 348,291
Investment in joint venture 31,550 35,690
Intangible assets, net 7,179 10,250
Prepaid pension cost 9,722 8,422
Deferred income taxes 470 378
Other noncurrent assets 5,634 6,109
Property, plant and equipment:    
Land 2,072 2,519
Buildings 37,459 39,778
Machinery and equipment 128,779 153,955
Property, plant and equipment, at cost 168,310 196,252
Accumulated depreciation (114,225) (131,691)
Property, plant and equipment, net 54,085 64,561
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 0 19,805
Total assets 402,552 493,506
Current liabilities:    
Accounts payable 47,732 45,606
Accrued and other current liabilities 30,040 28,078
Income tax payable 36 33
Current portion of long-term debt 5,683 7,012
Disposal Group, Including Discontinued Operation, Liabilities, Current 0 11,158
Total current liabilities 83,491 91,887
Long-term debt, less current portion 274,688 310,614
Deferred income taxes 0 4,169
Build to suit liability 13,000 13,237
Other noncurrent liabilities 9,314 7,935
Pension and Other Postretirement and Postemployment Benefit Plans, Liabilities, Noncurrent 18,568 18,676
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.01 par value—9,988 shares authorized (including 400 Series B Junior Preferred, $0.00 par value); no shares issued and outstanding at June 30, 2016 and December 31, 2015 0 0
Common stock, $0.01 par value—60,000 shares authorized; 32,464 shares issued and 32,370 outstanding at June 30, 2016 and 23,888 shares issued and 23,794 outstanding at December 31, 2015 324 238
Additional paid-in capital 243,953 226,844
Accumulated deficit (203,449) (145,309)
Accumulated other comprehensive loss (36,373) (33,821)
Treasury stock, at cost—94 shares at June 30, 2016 and December 31, 2015 (964) (964)
Total stockholders’ equity 3,491 46,988
Total liabilities and stockholders’ equity $ 402,552 $ 493,506