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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 26,374 $ 6,433
Accounts receivable, less allowances of $1,912 and $1,766, respectively 55,018 74,697
Inventories 149,568 144,411
Prepaid expenses and other current assets 8,729 9,668
Income tax receivable 2,472 1,995
Total current assets 242,161 237,204
Goodwill and intangible assets 8,176 8,176
Prepaid pension cost 6,910 5,758
Deferred income taxes 1,490 1,534
Operating right-of-use assets 30,216 29,423
Other noncurrent assets 422 792
Property, plant and equipment:    
Land 5,577 5,579
Buildings 20,880 20,950
Machinery and equipment 40,385 41,054
Property, plant and equipment, at cost 66,842 67,583
Accumulated depreciation (22,027) (20,144)
Property, plant and equipment, net 44,815 47,439
Total assets 334,190 330,326
Current liabilities:    
Accounts payable 48,848 41,745
Accrued and other current liabilities 8,569 11,188
Operating lease liabilities 5,877 6,537
Income tax payable 592 573
Short-term borrowings 0 2,888
Current portion of finance leases 654 596
Current portion of long-term debt 4,444 0
Total current liabilities 68,984 63,527
Long-term debt, less current portion 214,967 263,523
Deferred income taxes 2,188 3,775
Finance leases, less current portion 8,060 8,208
Other noncurrent liabilities 3,260 2,894
Pension and postretirement benefit obligations 6,606 6,709
Noncurrent operating lease liabilities 24,399 22,760
Commitments and contingencies (see Note 12)
Stockholders’ equity (deficit):    
Common stock, $0.01 par value—400,000 Class A shares authorized with 74,079 shares issued and 73,911 shares outstanding at June 30, 2020, and 3,818 shares issued and 3,650 shares outstanding at December 31, 2019 741 38
Additional paid-in capital 123,510 61,461
Accumulated deficit (103,835) (88,741)
Accumulated other comprehensive loss (14,236) (13,374)
Treasury stock, at cost — 168 shares at June 30, 2020 and 168 shares at December 31, 2019 (454) (454)
Total stockholders’ equity (deficit) 5,726 (41,070)
Liabilities and Equity, Total $ 334,190 $ 330,326