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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 37,713 $ 52,485
Restricted cash 5,039 0
Trade accounts receivable, net of allowances of $369 in 2024 and $614 in 2023 140,805 111,798
Inventories 82,780 96,536
Prepaid expenses and other current assets 23,284 21,196
Total current assets 289,621 282,015
Property, plant, and equipment:    
Land and building 23,572 23,173
Machinery and equipment 314,504 304,884
Automobiles and trucks 10,371 10,148
Chemical plants 66,763 67,114
Construction in progress 21,014 10,323
Total property, plant, and equipment 436,224 415,642
Less accumulated depreciation (314,640) (307,926)
Net property, plant, and equipment 121,584 107,716
Other assets:    
Patents, trademarks and other intangible assets, net of accumulated amortization of $53,480 in 2024 and $51,509 in 2023 27,026 29,132
Operating lease right-of-use assets 30,217 31,915
Investments 20,427 17,354
Other assets 10,850 10,829
Total other assets 88,520 89,230
Total assets 499,725 478,961
Current liabilities:    
Trade accounts payable 53,069 52,290
Compensation and employee benefits 17,111 26,918
Operating lease liabilities, current portion 8,595 9,101
Accrued taxes 13,977 10,350
Accrued liabilities and other 27,584 27,303
Total current liabilities 120,336 125,962
Long-term debt, net 179,670 157,505
Operating lease liabilities 25,957 27,538
Asset retirement obligations 14,772 14,199
Deferred income taxes 2,284 2,279
Other liabilities 3,128 4,144
Total long-term liabilities 225,811 205,665
Commitments and contingencies (Note 6)
Equity:    
Common stock, par value 0.01 per share; 250,000,000 shares authorized at June 30, 2024 and December 31, 2023; 134,587,465 shares issued at June 30, 2024 and 133,217,848 shares issued at December 31, 2023 1,346 1,332
Additional paid-in capital 490,192 489,156
Treasury stock, at cost; 3,138,675 shares held at June 30, 2024 and December 31, 2023 (19,957) (19,957)
Accumulated other comprehensive loss (48,592) (45,231)
Retained deficit (268,151) (276,709)
Total TETRA stockholders’ equity 154,838 148,591
Noncontrolling interests (1,260) (1,257)
Total equity 153,578 147,334
Total liabilities and equity $ 499,725 $ 478,961