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Condensed Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 11,220 $ 35,624
Accounts receivable, less allowances of $1,766 and $1,945, respectively 83,592 64,385
Inventories 149,457 146,603
Prepaid expenses and other current assets 16,735 10,141
Income tax receivable 154 433
Total current assets 261,158 257,186
Intangible assets, net 1,041 4,101
Prepaid pension cost 10,293 8,501
Deferred income taxes 491 381
Other noncurrent assets 8,643 9,449
Property, plant and equipment:    
Land 2,072 2,070
Buildings 37,430 37,341
Machinery and equipment 129,734 125,836
Property, plant and equipment, at cost 169,236 165,247
Accumulated depreciation (121,257) (115,537)
Property, plant and equipment, net 47,979 49,710
Total assets 329,605 329,328
Current liabilities:    
Accounts payable 43,992 33,083
Accrued and other current liabilities 15,593 19,854
Income tax payable 365 209
Current portion of long-term debt 105,861 137
Total current liabilities 165,811 53,283
Long-term debt, less current portion 0 286,459
Build to suit liability 12,749 12,305
Other noncurrent liabilities 5,353 5,978
Pension and other postretirement benefit obligations 6,243 6,430
Liabilities subject to compromise 211,363 0
Commitments and contingencies (Note 14)
Stockholders’ deficit:    
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, 2017 and December 31, 2016 0 0
Common stock, $0.01 par value—60,000 shares authorized; 32,768 shares issued and 32,486 outstanding at June 30, 2017 and 32,768 shares issued and 32,566 outstanding at December 31, 2016 327 327
Additional paid-in capital 245,357 244,825
Accumulated deficit (289,324) (253,291)
Accumulated other comprehensive loss (27,196) (25,939)
Treasury stock, at cost—282 shares at June 30, 2017 and 202 shares at December 31, 2016 (1,078) (1,049)
Total stockholders’ deficit (71,914) (35,127)
Total liabilities and stockholders’ deficit $ 329,605 $ 329,328