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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,148 $ 2,560
Accounts receivable - net (Note 5) 57,871 53,484
Contract assets - net (Note 3) 24,141 29,489
Inventories - net (Note 6) 85,761 73,496
Other current assets 12,063 8,961
Total current assets 182,984 167,990
Property, plant, and equipment - net 76,133 75,999
Operating lease right-of-use assets - net 14,098 14,905
Other assets:    
Goodwill (Note 4) 31,995 32,587
Other intangibles - net (Note 4) 18,198 19,010
Other assets 2,993 2,715
TOTAL ASSETS 326,401 313,206
Current liabilities:    
Accounts payable 43,368 40,305
Deferred revenue (Note 3) 11,458 12,479
Accrued payroll and employee benefits 5,340 16,978
Current portion of accrued settlement (Note 13) 8,000 8,000
Current maturities of long-term debt (Note 7) 159 102
Other accrued liabilities 15,856 17,442
Total current liabilities 84,181 95,306
Long-term debt (Note 7) 77,926 55,171
Deferred tax liabilities (Note 9) 1,191 1,232
Long-term operating lease liabilities 11,178 11,865
Other long-term liabilities 6,648 6,797
Stockholders’ equity:    
Common stock, par value $0.01, authorized 20,000,000 shares; shares issued at March 31, 2024 and December 31, 2023, 11,115,779; shares outstanding at March 31, 2024 and December 31, 2023, 10,789,231 and 10,733,935, respectively 111 111
Paid-in capital 41,866 43,111
Retained earnings 129,069 124,633
Treasury stock - at cost, 326,548 and 381,844 common stock shares at March 31, 2024 and December 31, 2023, respectively (5,829) (6,494)
Accumulated other comprehensive loss (20,616) (19,250)
Total L.B. Foster Company stockholders’ equity 144,601 142,111
Noncontrolling interest 676 724
Total stockholders’ equity 145,277 142,835
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 326,401 $ 313,206