v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 3,719 $ 4,470
Trade receivables – net 71,983 77,028
Contract receivables 0 927
Other receivables 1,028 1,933
Inventories – net 166,701 169,201
Income tax receivable 0 1,253
Prepaid expenses 3,008 3,361
Total current assets 246,439 258,173
LEASED ASSETS 6,030 7,809
PROPERTY, PLANT & EQUIPMENT – net 49,666 51,976
GOODWILL [1] 47,844 47,844
IDENTIFIED INTANGIBLES – net 105,823 112,618
OTHER ASSETS 1,498 965
TOTAL ASSETS 457,300 479,385
Liabilities, Current [Abstract]    
Accounts payable 58,069 49,840
Contract liabilities 0 927
Current portion of long-term debt 8,361 2,650
Accrued Liabilities and Other Current Liabilities 23,977 18,112
Total current liabilities 90,407 71,529
Long-term debt 120,376 170,480
LONG-TERM TAXES PAYABLE 0 169
LONG-TERM LEASES 3,537 5,461
DEFERRED INCOME TAXES 10,044 7,475
DEFERRED LIABILITIES 712 716
TOTAL LIABILITIES 225,076 255,830
SHAREHOLDERS' EQUITY:    
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding December 31, 2023 - 7,412,480; December 31, 2022 - 7,339,011 73,866 71,973
Retained earnings 158,358 151,582
Total shareholders' equity 232,224 223,555
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 457,300 $ 479,385
[1] As of December 31, 2024 and December 31, 2023, goodwill allocated to our Wholesale and Retail reporting segments was $23.0 million and $24.8 million, respectively. No goodwill was allocated to our Contract Manufacturing segment for either period presented.

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