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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 20,627 $ 28,656
Accounts receivable, net of allowances of $1,684 and $1,352 at March 31, 2022 and December 31, 2021, respectively 89,397 71,419
Inventories 81,239 75,027
Income tax receivable 11,055 11,808
Other current assets 14,989 9,372
Total current assets 217,307 196,282
Property, plant and equipment, net of accumulated depreciation of $207,636 and $197,936 at March 31, 2022 and December 31, 2021, respectively 208,286 209,105
Operating lease right-of-use assets 46,771 46,443
Intangible assets, net 85,131 88,718
Investment in joint venture 32,177 34,045
Deferred tax assets 313 314
Other non-current assets 5,863 4,194
Total assets 595,848 579,101
Current liabilities:    
Accounts payable 48,906 36,710
Accrued salaries, wages and benefits 20,695 17,739
Income tax payable 676 2,072
Current maturities of long-term debt 3,138 3,074
Current portion of operating lease liabilities 4,962 5,704
Other current liabilities 13,457 8,718
Total current liabilities 91,834 74,017
Deferred tax liabilities 7,920 7,456
Long-term debt, net of current portion 150,400 151,052
Operating lease liabilities, net of current portion 51,597 51,295
Other non-current liabilities 14,724 17,289
Total liabilities 316,475 301,109
Commitments and contingencies (Note 9)
Common stock - $0.01 par value per share, 90,000 shares authorized, 43,890 and 43,027 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 439 430
Additional paid-in capital 473,072 474,757
Accumulated deficit (222,402) (219,100)
Accumulated other comprehensive loss (28,081) (31,902)
Total stockholders’ equity 223,028 224,185
Total liabilities, preferred stock, and stockholders’ equity 595,848 579,101
Series D Preferred Stock    
Current liabilities:    
Series D perpetual preferred stock - $0.01 par value per share, 65 shares authorized, issued and outstanding at March 31, 2022 and December 31, 2021, respectively $ 56,345 $ 53,807