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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,969 $ 2,882
Accounts receivable - net (Note 5) 64,638 82,455
Contract assets - net (Note 3) 30,503 33,613
Inventories - net (Note 6) 82,020 75,721
Other current assets 9,712 11,061
Total current assets 189,842 205,732
Property, plant, and equipment - net 75,867 85,344
Operating lease right-of-use assets - net 15,440 17,291
Other assets:    
Goodwill (Note 4) 30,856 30,733
Other intangibles - net (Note 4) 20,006 23,831
Deferred tax assets (Note 9) 0 24
Other assets 2,580 2,355
TOTAL ASSETS 334,591 365,310
Current liabilities:    
Accounts payable 44,900 48,782
Deferred revenue 16,003 19,452
Accrued payroll and employee benefits 12,358 10,558
Current portion of accrued settlement (Note 13) 8,000 8,000
Current maturities of long-term debt (Note 7) 97 127
Other accrued liabilities 14,679 16,192
Total current liabilities 96,037 103,111
Long-term debt (Note 7) 71,592 91,752
Deferred tax liabilities (Note 9) 1,131 3,109
Long-term portion of accrued settlement (Note 13) 4,000 8,000
Long-term operating lease liabilities 12,312 14,163
Other long-term liabilities 7,391 7,577
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at September 30, 2023 and December 31, 2022, 11,115,779; shares outstanding at September 30, 2023 and December 31, 2022, 10,804,800 and 10,776,827, respectively 111 111
Paid-in capital 41,832 41,303
Retained earnings 125,063 123,169
Treasury stock - at cost, 310,979 and 338,952 common stock shares at September 30, 2023 and December 31, 2022, respectively (5,062) (6,240)
Accumulated other comprehensive loss (20,123) (21,165)
Total L.B. Foster Company stockholders’ equity 141,821 137,178
Noncontrolling interest 307 420
Total stockholders’ equity 142,128 137,598
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 334,591 $ 365,310