Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 191 $ 968
Trade and other receivables, net 8,789 10,509
Inventories, net 12,574 16,291
Income tax receivable 0 16
Prepaid expenses and other current assets 2,326 761
Total current assets 23,880 28,545
Property and equipment, net 7,989 10,116
Restricted cash 1,298 500
Deposits and other assets 871 614
Deferred taxes 1,487 2,081
Total assets 35,525 41,856
Liabilities:    
Accounts payable 4,836 6,143
Accrued liabilities 8,607 8,888
Line of credit - PNC Bank 0 10,333
Accrued income taxes 1,200 0
Current portion of long-term maturities 2,054 2,093
Total current liabilities 16,697 27,457
Long-term obligations, less current maturities 3,365 2,826
Other noncurrent liabilities 328 364
Total liabilities 20,390 30,647
Shareholders' equity:    
Common stock, no par value, 50,000 shares authorized, 6,655 shares issued and and outstanding at July 1, 2017 and December 31, 2016 22,437 22,405
Accumulated deficit (6,757) (11,028)
Accumulated other comprehensive loss (538) (574)
Total stockholders' equity 15,142 10,803
Non controlling interest (7) 406
Total liabilities and stockholders' equity $ 35,525 $ 41,856