XML 15 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and temporary investments $ 30,502 $ 40,153
Accounts receivable, net of allowance for credit losses of $1,412 and $1,319 at June 30, 2023 and December 31, 2022, respectively 264,542 177,663
Inventories, net 167,458 153,656
Prepaid expenses 6,393 4,576
Total current assets 468,895 376,048
NONCURRENT ASSETS:    
Property, plant and equipment, net 116,055 112,145
Right-of-use assets - operating leases 770 909
Goodwill 20,594 11,619
Other assets 681 708
TOTAL ASSETS 606,995 501,429
CURRENT LIABILITIES:    
Accounts payable 188,869 125,500
Accrued liabilities 34,537 27,904
Income taxes payable 882 2,430
Current portion of operating lease obligation 311 311
Total current liabilities 224,599 156,145
NONCURRENT LIABILITIES:    
Long-term obligations 60,000 45,000
Noncurrent portion of operating lease obligation 496 597
Deferred income tax liabilities 6,182 6,230
Total liabilities 291,277 207,972
COMMITMENTS AND CONTINGENCIES (Note 8)
SHAREHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized, none issued or outstanding
Common stock, $0.01 par value; 100,000,000 shares authorized, 11,445,640 and 11,416,716 outstanding at June 30, 2023 and December 31, 2022, respectively 114 114
Additional paid-in capital 152,746 152,392
Accumulated surplus 170,141 150,124
Accumulated other comprehensive loss (7,283) (9,173)
Total shareholders' equity 315,718 293,457
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 606,995 $ 501,429