Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 20,890 $ 13,804
Accounts receivable, net of allowance of $1,834 and $1,841 96,495 101,620
Unbilled receivables 8,427 13,766
Inventories (Note 2) 24,636 23,464
Prepaid expenses and other current assets 6,006 7,481
Total current assets 156,454 160,135
Property, plant and equipment, net 153,670 153,878
Operating lease right-of-use asset 25,581  
Intangible assets, net 8,566 9,019
Other assets 1,428 1,517
Total assets 345,699 324,549
Current liabilities:    
Accounts payable 48,694 51,568
Accrued liabilities (Note 3) 35,460 37,533
Other current liabilities (Note 5) 8,344 422
Total current liabilities 92,498 89,523
Long-term debt (Note 4) 37,000 29,500
Long-term operating lease liabilities 17,820  
Long-term finance lease liabilities (Note 5) 3,895  
Long-term finance lease liabilities (Note 5)   3,451
Deferred tax liability 190 130
Other long-term liabilities 26 125
Total liabilities 151,429 122,729
Commitments and contingencies (Note 9)
Shareholders’ equity:    
Preferred shares, $0.01 par value, 10,000,000 authorized; none issued and outstanding 0 0
Common shares, $0.01 par value, 150,000,000 authorized; 34,382,599 issued; 33,869,589 outstanding 347 344
Additional paid-in-capital 351,828 349,080
Treasury shares, at cost, 513,010 and 232,892 common shares (3,261) (1,821)
Accumulated deficit (154,644) (145,783)
Total shareholders’ equity 194,270 201,820
Total liabilities and shareholders’ equity $ 345,699 $ 324,549