XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 32,851 $ 31,551
Trade accounts receivable, net of allowances of $377 in 2022 and $289 in 2021 103,461 91,202
Inventories 64,649 69,098
Prepaid expenses and other current assets 16,286 18,539
Total current assets 217,247 210,390
Property, plant, and equipment:    
Land and building 25,143 26,380
Machinery and equipment 347,336 345,454
Automobiles and trucks 15,630 16,174
Chemical plants 61,084 61,565
Construction in progress 8,298 5,349
Total property, plant, and equipment 457,491 454,922
Less accumulated depreciation (368,100) (365,946)
Net property, plant, and equipment 89,391 88,976
Other assets:    
Patents, trademarks and other intangible assets, net of accumulated amortization of $45,020 in 2022 and $44,323 in 2021 35,846 36,958
Operating lease right-of-use assets 37,313 36,973
Investments 12,333 11,233
Other assets 14,638 13,736
Total other assets 100,130 98,900
Total assets 406,768 398,266
Current liabilities:    
Trade accounts payable 39,826 37,943
Current portion of long-term debt 1,533 0
Compensation and employee benefits 18,421 20,811
Operating lease liabilities, current portion 8,502 8,108
Accrued taxes 6,252 7,085
Accrued liabilities and other 21,125 21,810
Current liabilities associated with discontinued operations 1,379 1,385
Total current liabilities 97,038 97,142
Long-term debt, net 152,531 151,936
Operating lease liabilities 31,266 31,429
Asset retirement obligations 13,120 12,984
Deferred income taxes 1,635 1,669
Other liabilities 4,276 4,543
Total long-term liabilities 202,828 202,561
Commitments and contingencies
Equity:    
Common stock, par value 0.01 per share; 250,000,000 shares authorized at March 31, 2022 and December 31, 2021; 130,829,770 shares issued at March 31, 2022 and 130,075,838 shares issued at December 31, 2021 1,308 1,301
Additional paid-in capital 476,055 475,624
Treasury stock, at cost; 3,138,675 shares held at March 31, 2022, and 3,138,675 shares held at December 31, 2021 (19,957) (19,957)
Accumulated other comprehensive loss (46,740) (46,932)
Retained deficit (302,612) (310,332)
Total TETRA stockholders’ equity 108,054 99,704
Noncontrolling interests (1,152) (1,141)
Total equity 106,902 98,563
Total liabilities and equity $ 406,768 $ 398,266