v3.25.3

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Assets, Current [Abstract]
Cash and cash equivalents	$ 12,215	$ 18,128
Accounts receivable, net of allowances of $1,630 and $1,515 at September 30, 2025 and December 31, 2024	63,037	61,549
Inventories	63,486	61,877
Income tax receivable	13,152	12,634
Prepaid Expense and Other Assets	3,938	2,855
Other current assets	14,111	10,519
Total current assets	169,939	167,562
Property, plant and equipment, net of accumulated depreciation of $259,229 and $240,532 at September 30, 2025 and December 31, 2024	161,887	162,034
Operating lease right-of-use assets	36,197	39,317
Intangible assets, net	34,194	44,410
Investment in joint venture	39,485	34,971
Deferred tax assets	1,329	1,329
Other non-current assets	7,931	7,270
Total assets	450,962	456,893
Liabilities, Current [Abstract]
Accounts payable	46,728	38,879
Accrued salaries, wages and benefits	14,797	19,915
Income tax payable	449	659
Current maturities of long-term debt	5,487	5,039
Current portion of operating lease liabilities	6,158	6,038
Other current liabilities	17,292	13,382
Total current liabilities	90,911	83,912
Deferred tax liabilities	4,407	4,969
Long-term debt, net of current maturities	149,376	143,591
Operating lease liabilities, net of current portion	38,380	42,291
Other non-current liabilities	10,969	14,111
Total liabilities	294,043	288,874
Common stock - $0.01 par value per share, 90,000 shares authorized, 50,196 and 49,908 shares issued and outstanding at September 30, 2025 and December 31, 2024	502	499
Additional paid-in capital	443,936	455,811
Accumulated deficit	(355,087)	(333,621)
Accumulated other comprehensive loss	(39,782)	(48,167)
Total stockholders’ equity	49,569	74,522
Total liabilities, preferred stock, and stockholders’ equity	450,962	456,893
Series D Preferred Stock
Liabilities, Current [Abstract]
Series D perpetual preferred stock - $0.01 par value per share, 65 shares authorized, issued and outstanding at September 30, 2025 and December 31, 2024	$ 107,350	$ 93,497

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

NN INC 10-Q