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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 7,499 $ 8,668
Accounts receivable, less allowances of $1,847 and $1,364, respectively 87,859 79,757
Inventories 150,126 160,686
Prepaid expenses and other current assets 7,726 14,344
Income tax receivable 2,139 1,268
Total current assets 255,349 264,723
Goodwill and intangible assets 8,176 8,176
Prepaid pension cost 2,320 1,754
Deferred income taxes 1,260 1,261
Operating right-of-use assets 30,054  
Other noncurrent assets 401 1,278
Property, plant and equipment:    
Land 5,578 5,577
Buildings 20,911 21,218
Machinery and equipment 40,356 38,394
Property, plant and equipment, at cost 66,845 65,189
Accumulated depreciation (17,420) (11,989)
Property, plant and equipment, net 49,425 53,200
Total assets 346,985 330,392
Current liabilities:    
Accounts payable 47,758 42,719
Accrued and other current liabilities 13,203 16,631
Operating lease liabilities 6,422  
Income tax payable 670 1,589
Short-term borrowings 4,028 5,498
Current portion of finance leases 614  
Current portion of finance leases   119
Total current liabilities 72,695 66,556
Long-term debt, less current portion 262,077 245,966
Deferred income taxes 6,564 7,540
Finance leases, less current portion 8,347  
Finance leases, less current portion   61
Build-to-suit liability 0 9,975
Other noncurrent liabilities 2,929 3,334
Pension and postretirement benefit obligations 6,290 6,321
Noncurrent operating lease liabilities 23,464  
Commitments and contingencies (see Note 13)
Stockholders’ deficit:    
Common stock, $0.01 par value—200,000 Class A shares authorized with 3,818 shares issued and 3,650 shares outstanding at September 30, 2019, and 3,803 shares issued and outstanding at December 31, 2018 38 38
Additional paid-in capital 59,854 55,421
Accumulated deficit (78,729) (50,472)
Accumulated other comprehensive loss (16,090) (14,348)
Treasury stock, at cost — 168 shares at September 30, 2019 and no shares at December 31, 2018 (454) 0
Total stockholders’ deficit (35,381) (9,361)
Liabilities and Equity, Total $ 346,985 $ 330,392