XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,880 $ 2,882
Accounts receivable - net (Note 5) 74,249 82,455
Contract assets - net (Note 3) 34,011 33,613
Inventories - net (Note 6) 79,451 75,721
Other current assets 12,182 11,061
Total current assets 203,773 205,732
Property, plant, and equipment - net 76,948 85,344
Operating lease right-of-use assets - net 15,770 17,291
Other assets:    
Goodwill (Note 4) 31,404 30,733
Other intangibles - net (Note 4) 21,256 23,831
Deferred tax assets (Note 9) 0 24
Other assets 2,417 2,355
TOTAL ASSETS 351,568 365,310
Current liabilities:    
Accounts payable 43,933 48,782
Deferred revenue 15,969 19,452
Accrued payroll and employee benefits 8,709 10,558
Current portion of accrued settlement (Note 13) 8,000 8,000
Current maturities of long-term debt (Note 7) 102 127
Other accrued liabilities 14,928 16,192
Total current liabilities 91,641 103,111
Long-term debt (Note 7) 89,403 91,752
Deferred tax liabilities (Note 9) 1,718 3,109
Long-term portion of accrued settlement (Note 13) 6,000 8,000
Long-term operating lease liabilities 12,669 14,163
Other long-term liabilities 7,545 7,577
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at June 30, 2023 and December 31, 2022, 11,115,779; shares outstanding at June 30, 2023 and December 31, 2022, 10,816,902 and 10,776,827, respectively 111 111
Paid-in capital 40,919 41,303
Retained earnings 124,548 123,169
Treasury stock - at cost, 298,877 and 338,952 common stock shares at June 30, 2023 and December 31, 2022, respectively (4,846) (6,240)
Accumulated other comprehensive loss (18,536) (21,165)
Total L.B. Foster Company stockholders’ equity 142,196 137,178
Noncontrolling interest 396 420
Total stockholders’ equity 142,592 137,598
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 351,568 $ 365,310