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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,560 $ 2,882
Accounts receivable - net (Note 6) 53,484 82,455
Contract assets (Note 4) 29,489 33,613
Inventories - net (Note 7) 73,496 75,721
Other current assets 8,961 11,061
Total current assets 167,990 205,732
Property, plant, and equipment - net (Note 8) 75,999 85,344
Operating lease right-of-use assets - net (Note 9) 14,905 17,291
Other assets:    
Goodwill (Note 5) 32,587 30,733
Other intangibles - net (Note 5) 19,010 23,831
Other assets 2,715 2,379
TOTAL ASSETS 313,206 365,310
Current liabilities:    
Accounts payable 40,305 48,782
Deferred revenue (Note 4) 12,479 19,452
Accrued payroll and employee benefits 16,978 10,558
Current portion of accrued settlement (Note 18) 8,000 8,000
Current maturities of long-term debt (Note 10) 102 127
Other accrued liabilities 17,442 16,192
Total current liabilities 95,306 103,111
Long-term debt (Note 10) 55,171 91,752
Deferred tax liabilities (Note 14) 1,232 3,109
Long-term portion of accrued settlement (Note 18) 0 8,000
Long-term operating lease liabilities (Note 9) 11,865 14,163
Other long-term liabilities 6,797 7,577
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at December 31, 2023 and December 31, 2022, 11,115,779; shares outstanding at December 31, 2023 and December 31, 2022, 10,733,935 and 10,776,827, respectively (Note 11) 111 111
Paid-in capital 43,111 41,303
Retained earnings 124,633 123,169
Treasury stock - at cost, common stock, shares at December 31, 2023 and December 31, 2022, 381,844 and 338,952, respectively (Note 11) (6,494) (6,240)
Accumulated other comprehensive loss (Note 12) (19,250) (21,165)
Total L.B. Foster Company stockholders’ equity 142,111 137,178
Noncontrolling interest 724 420
Total stockholders’ equity 142,835 137,598
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 313,206 $ 365,310