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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 35,624 $ 11,100
Accounts receivable, less allowances of $1,945 and $2,380, respectively 64,385 73,191
Inventories 146,603 216,090
Prepaid expenses and other current assets 10,141 10,424
Income tax receivable 433 346
Disposal Group, Including Discontinued Operation, Assets, Current 0 37,140
Total current assets 257,186 348,291
Investment in joint venture 0 35,690
Intangible assets, net 4,101 10,250
Prepaid pension cost 8,501 8,422
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent 381 378
Other noncurrent assets 9,449 6,109
Property, plant and equipment:    
Land 2,070 2,519
Buildings 37,341 39,778
Machinery and equipment 125,836 153,955
Property, plant and equipment, at cost 165,247 196,252
Accumulated depreciation (115,537) (131,691)
Property, plant and equipment, net 49,710 64,561
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 0 19,805
Total assets 329,328 493,506
Current liabilities:    
Accounts payable 33,083 45,606
Accrued payroll and employee benefits 9,485 11,246
Accrued and other current liabilities 10,369 16,832
Income tax payable 209 33
Current portion of long-term debt 137 7,012
Disposal Group, Including Discontinued Operation, Liabilities, Current 0 11,158
Total current liabilities 53,283 91,887
Long-term debt, less current portion 286,459 310,614
Deferred income taxes 0 4,169
Build to suit liability 12,305 13,237
Other noncurrent liabilities 5,978 7,935
Pension and postretirement benefit obligations 6,430 18,676
Commitments and contingencies (Note 13)
Stockholders’ (deficit) 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 December 31, 2016 and December 31, 2015 0 0
Common stock, $0.01 par value—60,000 shares authorized; 32,768 shares issued and 32,566 outstanding at December 31, 2016 and 23,888 shares issued and 23,794 outstanding at December 31, 2015 327 238
Additional paid-in capital 244,825 226,844
Accumulated deficit (253,291) (145,309)
Accumulated other comprehensive loss (25,939) (33,821)
Treasury stock, at cost—202 shares at December 31, 2016 and 94 shares at December 31, 2015 (1,049) (964)
Total stockholders’ (deficit) equity (35,127) 46,988
Total liabilities and stockholders’ (deficit) equity $ 329,328 $ 493,506