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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,639 $ 2,882
Accounts receivable - net (Note 5) 54,904 82,455
Contract assets - net (Note 3) 31,207 33,613
Inventories - net (Note 6) 84,594 75,721
Other current assets 11,844 11,061
Total current assets 185,188 205,732
Property, plant, and equipment - net 78,960 85,344
Operating lease right-of-use assets - net 16,513 17,291
Other assets:    
Goodwill (Note 4) 30,863 30,733
Other intangibles - net (Note 4) 22,549 23,831
Deferred tax assets (Note 9) 0 24
Other assets 2,305 2,355
TOTAL ASSETS 336,378 365,310
Current liabilities:    
Accounts payable 48,553 48,782
Deferred revenue 14,556 19,452
Accrued payroll and employee benefits 4,176 10,558
Current portion of accrued settlement (Note 13) 8,000 8,000
Current maturities of long-term debt (Note 7) 117 127
Other accrued liabilities 13,100 16,192
Total current liabilities 88,502 103,111
Long-term debt (Note 7) 79,979 91,752
Deferred tax liabilities (Note 9) 1,753 3,109
Long-term portion of accrued settlement (Note 13) 8,000 8,000
Long-term operating lease liabilities 13,416 14,163
Other long-term liabilities 7,714 7,577
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at March 31, 2023 and December 31, 2022, 11,115,779; shares outstanding at March 31, 2023 and December 31, 2022, 10,809,711 and 10,776,827, respectively 111 111
Paid-in capital 40,951 41,303
Retained earnings 121,017 123,169
Treasury stock - at cost, 306,068 and 338,952 common stock shares at March 31, 2023 and December 31, 2022, respectively (5,174) (6,240)
Accumulated other comprehensive loss (20,296) (21,165)
Total L.B. Foster Company stockholders’ equity 136,609 137,178
Noncontrolling interest 405 420
Total stockholders’ equity 137,014 137,598
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 336,378 $ 365,310