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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 28,241 $ 23,139
Accounts receivable, less allowances of $3,183 and $3,259, respectively 130,616 133,716
Inventories, net 102,141 93,351
Prepaid expenses and other current assets 5,781 7,001
Total Current Assets 266,779 257,207
Property, plant, and equipment, net 105,803 101,566
Right of use asset - operating leases 28,381 28,908
Goodwill 95,166 95,157
Intangible assets, net 50,096 51,752
Deferred income taxes 130 129
Other 9,842 7,915
Total Assets 556,197 542,634
Current Liabilities    
Accounts payable 93,477 73,536
Accrued employee compensation 13,647 24,664
Income taxes payable 4,889 2,054
Accrued taxes payable, other than income taxes 2,940 3,169
Accrued interest 661 1,264
Other current liabilities 27,016 26,380
Operating lease liability - short-term 6,072 6,177
Finance lease liability - short-term 523 518
Long-term debt - current portion 25,984 0
Total Current Liabilities 175,209 137,762
Long-term debt 62,784 93,962
Operating lease liability - long-term 22,409 22,786
Finance lease liability - long-term 8,785 8,919
Other liabilities 13,681 15,270
Deferred income taxes 8,082 7,508
Total Liabilities 290,950 286,207
Shareholders’ Equity    
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding) 0 0
Common Shares, without par value (authorized 60,000,000 shares; outstanding 36,716,788 and 36,500,020; net of treasury shares of 5,835,669 and 6,052,437, respectively) 22,525 22,332
Additional paid-in capital 316,709 315,865
Accumulated other comprehensive loss (17,751) (17,793)
Retained deficit (56,236) (63,977)
Total Shareholders’ Equity 265,247 256,427
Total Liabilities and Shareholders’ Equity $ 556,197 $ 542,634