v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 16,803 $ 35,545
Accounts receivable, net of allowance of $3,039 and $3,271 respectively 179,357 172,645
Inventory 39,615 37,874
Income tax receivable 488 396
Prepaid expenses and other current assets 56,100 58,643
Total current assets 292,363 305,103
Property, plant and equipment, net 110,945 112,835
Intangible assets, net 47,147 50,243
Operating lease right-of-use assets 42,016 40,407
Defined benefit pension asset 5,071 4,768
Other assets, net 15,559 13,427
Deferred tax asset 2,113 1,582
Total assets 515,214 528,365
Current liabilities:    
Current portion of long-term debt and finance lease obligations 3,811 6,485
Current portion of operating lease obligations 14,826 14,790
Accounts payable 34,358 42,091
Other accrued liabilities 97,246 105,228
Income tax payable 2,887 2,654
Total current liabilities 153,128 171,248
Long-term debt and finance lease obligations 349,813 318,626
Operating lease obligations 30,096 28,631
Deferred tax liabilities 4,981 4,965
Other long-term liabilities 3,163 3,157
Total liabilities 541,181 526,627
Commitments and contingencies
Shareholders’ equity (deficit):    
Preferred stock, 500,000 shares authorized, none issued 0 0
Common stock, par value $0.30 per share, 12,000,000 shares authorized; 4,493,391 and 4,493,338 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 1,348 1,348
Additional paid-in capital 460,133 460,186
Accumulated deficit (445,385) (415,667)
Accumulated other comprehensive loss (42,063) (44,129)
Total shareholders’ equity (deficit) (25,967) 1,738
Total liabilities and shareholders’ equity (deficit) $ 515,214 $ 528,365
Preferred stock, shares authorized (in shares) 500,000 500,000
Preferred stock, shares issued (in shares) 0 0