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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 24,382,000 $ 24,732,000
Restricted cash 400,000 0
Trade and other accounts receivable, net of allowance for doubtful accounts of $252 and $143 at December 31, 2015 and 2014, respectively 43,172,000 43,698,000
Inventories, net 39,055,000 44,856,000
Prepaid expenses and other current assets 2,593,000 2,426,000
Total current assets 109,602,000 115,712,000
Property and equipment, net 32,324,000 39,223,000
Goodwill 23,635,000 23,599,000
Pension asset 5,849,000 7,362,000
Other non-current assets 603,000 704,000
Total assets 172,013,000 186,600,000
Current liabilities:    
Accounts payable and accrued liabilities 33,985,000 27,011,000
Accrued employee compensation 6,672,000 9,348,000
Deferred revenue and customer deposits 3,066,000 703,000
Short-term borrowings and current portion of long-term debt 42,000 15,549,000
Deferred tax liability 0 1,111,000
Total current liabilities 43,765,000 53,722,000
Deferred tax liability, long-term 6,076,000 3,304,000
Long-term debt, excluding current portion 49,000 20,000
Other long-term liabilities 2,947,000 2,601,000
Total liabilities $ 52,837,000 $ 59,647,000
Commitments and contingencies (Note 10 and Note 12)
Stockholders’ equity:    
Common stock, $0.10 par value per share, 40,000 shares authorized; 31,782 and 29,846 shares issued and outstanding at December 31, 2015 and 2014, respectively $ 3,176,000 $ 2,982,000
Additional paid-in capital 291,505,000 277,314,000
Accumulated deficit (180,399,000) (158,066,000)
Accumulated other comprehensive income 4,894,000 4,723,000
Total stockholders’ equity 119,176,000 126,953,000
Total liabilities and stockholders’ equity $ 172,013,000 $ 186,600,000