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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 25,144 $ 30,810
Accounts receivable, net of allowance for doubtful accounts of $925 and $2,773, respectively 94,415 71,932
Inventories 156,590 124,214
Prepaid expenses and other 10,723 12,240
Total current assets 286,872 239,196
Property, plant and equipment 211,277 191,022
Less - accumulated depreciation (81,832) (68,944)
Property, plant and equipment, net 129,445 122,078
Goodwill 141,725 141,266
Purchased intangible assets, net 217,925 255,576
Deferred tax assets 7,633 6,930
Other assets 95,378 99,366
Total assets 878,978 864,412
Current liabilities:    
Accounts payable 46,816 40,276
Accrued expenses 8,415 13,585
Accrued income taxes 4,256 9
Accrued employee compensation and benefits 14,441 9,766
Contract liabilities 32,080 21,052
Current portion of long-term debt 15,000 15,000
Other current liabilities 7,042 6,126
Total current liabilities 128,050 105,814
Long-term debt 117,798 132,425
Deferred tax liabilities 1,908 2,202
Other long-term liabilities 63,053 66,250
Total liabilities 310,809 306,691
Commitments and Contingencies (Note 13)
Redeemable noncontrolling interest 187,522 197,196
Stockholders' Equity:    
Preferred stock, $0.05 par value; 4,000,000 shares authorized; no issued and outstanding shares 0 0
Common stock, $0.05 par value; 50,000,000 and 25,000,000 shares authorized, respectively; 20,140,654 and 19,920,829 shares issued, respectively 1,007 996
Additional paid-in capital 303,893 294,515
Retained earnings 125,215 111,031
Other cumulative comprehensive loss (28,758) (26,538)
Treasury stock, at cost, and company stock held for deferred compensation, at par; 605,723 and 570,415 shares, respectively (20,710) (19,479)
Total DMC Global Inc. stockholders’ equity 380,647 360,525
Total liabilities, redeemable noncontrolling interest, and stockholders' equity $ 878,978 $ 864,412