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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 18,908 $ 8,935
Accounts receivable, less allowance for doubtful accounts of $6,946 and $6,393, respectively 103,273 107,053
Accounts receivable - other 3,696 5,546
Inventories 135,947 120,555
Contract assets 48,085 38,018
Prepaid expenses and other current assets 18,819 19,162
Total current assets 328,728 299,269
Property, plant and equipment, net 55,103 49,690
Operating lease right-of-use assets 9,605 8,246
Deferred tax asset 5,678 0
Intangible assets, net 57,090 60,420
Goodwill 0 39,434
Other assets 11,103 13,186
Total assets 467,307 470,245
Current liabilities:    
Accounts payable 44,936 52,340
Other current liabilities 40,246 38,989
Current portion of long-term debt 4,688 15,286
Current portion of acquisition-related contingent liabilities 1,368 4,507
Total current liabilities 91,238 111,122
Long-term debt 156,461 100,845
Long-term pension liability 15,795 15,420
Long-term acquisition-related contingent liabilities 2,349 2,569
Long-term operating lease liabilities 4,573 3,729
Deferred tax liability 0 359
Other long-term liabilities 7,796 9,211
Shareholders’ equity:    
Preferred stock, $.001 par value - authorized 300,000 shares (none issued) 0 0
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding 16,332,116 and 16,127,505 shares, respectively 16 16
Additional paid-in capital 71,746 69,351
Retained earnings 123,058 163,836
Accumulated other comprehensive income (loss), net of tax:    
Pensions (3,620) (4,577)
Cash flow hedges 0 47
Foreign currency translation adjustment (2,105) (1,683)
Total shareholders’ equity 189,095 226,990
Total liabilities and shareholders’ equity $ 467,307 $ 470,245