Summary of Balance Sheet Components |
Details of certain balance sheet items are presented below (in thousands):
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March 31, 2024 |
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December 31, 2023 |
Inventories: |
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Raw materials and manufacturing supplies |
$ |
74,398 |
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$ |
77,657 |
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Work in process |
216 |
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|
224 |
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Finished goods |
70,060 |
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|
67,771 |
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Total inventories |
$ |
144,674 |
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$ |
145,652 |
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Prepaid Expenses and Other Current Assets: |
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Advance to vendors |
$ |
3,088 |
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$ |
3,197 |
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Prepaid insurance |
3,960 |
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5,567 |
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Prepaid value-added taxes |
1,028 |
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|
897 |
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Short-term investments |
4,317 |
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5,519 |
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Income tax receivable |
2,056 |
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|
1,714 |
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Other |
4,977 |
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|
1,599 |
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Total prepaid expenses and other current assets |
$ |
19,426 |
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$ |
18,493 |
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Property, Plant and Equipment: |
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Buildings |
$ |
3,956 |
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$ |
3,986 |
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Leasehold improvements |
2,720 |
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2,743 |
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Furniture and fixtures |
513 |
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516 |
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Machinery and equipment |
65,692 |
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63,202 |
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Vehicles |
4,073 |
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4,114 |
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Construction in progress |
3,131 |
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4,695 |
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Total property, plant and equipment, gross |
80,085 |
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79,256 |
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Less: Accumulated depreciation |
(21,891) |
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(19,854) |
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Total property, plant and equipment, net |
$ |
58,194 |
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$ |
59,402 |
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Accrued Expenses and Other Current Liabilities: |
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Accrued bonus |
$ |
1,048 |
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$ |
3,483 |
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Accrued salaries |
2,102 |
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2,336 |
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Accrued employee benefits |
1,360 |
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|
1,185 |
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Accrued interest |
17,485 |
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8,342 |
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Accrued purchases |
3,926 |
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2,072 |
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Accrued income taxes |
7,419 |
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7,100 |
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Operating lease liabilities |
2,146 |
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2,146 |
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Finance lease liabilities |
761 |
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|
600 |
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Other |
3,961 |
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3,446 |
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Total accrued expenses and other current liabilities |
$ |
40,208 |
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$ |
30,710 |
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