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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 26,618,000 $ 24,104,000
Accounts receivable, net 40,082,000 41,711,000
Inventories, net 23,861,000 22,063,000
Foreign tax receivable 5,937,000 6,380,000
Prepaid expenses and other current assets 6,739,000 8,621,000
Total current assets 103,237,000 102,879,000
Right of use asset 3,302,000 3,802,000
Property, plant and equipment, net 80,398,000 81,185,000
Goodwill 17,376,000 17,376,000
Intangibles, net 5,617,000 6,017,000
Other non-current assets 2,337,000 2,118,000
Total Assets 212,267,000 213,377,000
Current liabilities:    
Current portion of long-term debt 1,624,000 1,468,000
Accounts payable 24,260,000 23,958,000
Contract liability 4,222,000 5,204,000
Compensation and related benefits 6,711,000 10,498,000
Accrued other liabilities 5,406,000 5,058,000
Total current liabilities 42,223,000 46,186,000
Other non-current liabilities 3,316,000 3,759,000
Long-term debt 21,061,000 21,519,000
Post-retirement benefits liability 2,852,000 2,960,000
Total Liabilities 69,452,000 74,424,000
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock — $0.01 par value, authorized shares — 10,000,000; no shares outstanding at March 31, 2024 and December 31, 2023 0 0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 8,697,641 at March 31, 2024 and 8,655,384 at December 31, 2023 87,000 86,000
Paid-in capital 44,004,000 43,265,000
Accumulated other comprehensive income, net of income taxes $ 5,007,000 $ 5,301,000
Treasury stock (in shares) 4,009,925 3,992,152
Treasury stock - at cost, 4,009,925 shares at March 31, 2024 and 3,992,152 shares at December 31, 2023 $ (32,111,000) $ (31,768,000)
Retained earnings 125,828,000 122,069,000
Total Stockholders’ Equity 142,815,000 138,953,000
Total Liabilities and Stockholders’ Equity $ 212,267,000 $ 213,377,000