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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash $ 30,692 $ 23,139
Accounts receivable, less allowances of $3,586 and $3,259, respectively 116,771 133,716
Income tax receivable 80 0
Inventories, net 98,238 93,351
Prepaid expenses and other current assets 10,839 7,001
Total Current Assets 256,620 257,207
Property, plant, and equipment, net 106,635 101,566
Right of use asset - operating leases 27,518 28,908
Goodwill 95,390 95,157
Intangible assets, net 48,440 51,752
Deferred income taxes 129 129
Other 7,978 7,915
Total Assets 542,710 542,634
Current Liabilities    
Accounts payable 81,744 73,536
Accrued employee compensation 15,558 24,664
Income taxes payable 0 2,054
Accrued taxes payable, other than income taxes 2,326 3,169
Accrued interest 1,128 1,264
Other current liabilities 31,337 26,380
Operating lease liability - short-term 5,691 6,177
Finance lease liability - short-term 534 518
Long-term debt - current portion 25,989 0
Total Current Liabilities 164,307 137,762
Long-term debt 52,986 93,962
Operating lease liability - long-term 21,982 22,786
Finance lease liability - long-term 8,645 8,919
Other liabilities 11,414 15,270
Deferred income taxes 8,954 7,508
Total Liabilities 268,288 286,207
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 36,791,825 and 36,500,020; net of treasury shares of 5,760,632 and 6,052,437, respectively) 22,572 22,332
Additional paid-in capital 319,553 315,865
Accumulated other comprehensive loss (16,986) (17,793)
Retained deficit (50,717) (63,977)
Total Shareholders’ Equity 274,422 256,427
Total Liabilities and Shareholders’ Equity $ 542,710 $ 542,634