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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 39,584 $ 10,263
Accounts receivable (net of allowance for doubtful accounts of $1,321 and $1,135 at December 31, 2019 and 2018, respectively) 67,133 67,819
Contract assets 106,670 86,665
Inventories 112,482 101,125
Production cost of contracts 9,402 11,679
Other current assets 5,497 6,531
Total Current Assets 340,768 284,082
Property and Equipment, Net 115,216 107,045
Operating lease right-of-use assets 19,105 0
Goodwill 170,917 136,057
Intangibles, Net 138,362 112,092
Non-Current Deferred Income Taxes 55 308
Other Assets 6,006 5,155
Total Assets 790,429 644,739
Current Liabilities    
Accounts payable 82,597 69,274
Contract liabilities 14,517 17,145
Accrued liabilities 37,620 37,786
Operating lease liabilities 2,956 0
Current portion of long-term debt 7,000 2,330
Total Current Liabilities 144,690 126,535
Long-Term Debt, Less Current Portion 300,887 228,868
Non-Current Operating Lease Liabilities 17,565 0
Non-Current Deferred Income Taxes 16,766 18,070
Other Long-Term Liabilities 17,721 14,441
Total Liabilities 497,629 387,914
Commitments and Contingencies (Notes 13, 15)
Shareholders’ Equity    
Common stock - $0.01 par value; 35,000,000 shares authorized; 11,572,668 and 11,417,863 shares issued and outstanding at December 31, 2019 and 2018, respectively 116 114
Additional paid-in capital 88,399 83,712
Retained earnings 212,553 180,356
Accumulated other comprehensive loss (8,268) (7,357)
Total Shareholders’ Equity 292,800 256,825
Total Liabilities and Shareholders’ Equity $ 790,429 $ 644,739