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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Current Assets:      
Cash and cash equivalents $ 2,214 $ 4,194 $ 283
Receivables, less allowance of $617; $694; and $882; respectively 48,905 48,768 52,274
Inventories 77,001 76,025 95,991
Prepaid expenses 2,988 4,372 2,949
Prepaid income tax   465  
TOTAL CURRENT ASSETS 131,108 133,824 151,497
Property, plant and equipment, net 22,090 22,221 23,420
Assets held for sale     2,480
Operating lease right-of-use assets 1,071 1,186 8,118
Intangible assets, net 25,270 25,838 28,047
Goodwill 42,326 42,326 42,326
Other assets 209 935 459
TOTAL ASSETS 222,074 226,330 256,347
Current Liabilities:      
Current portion of long-term debt 7,143 7,143 7,143
Trade accounts payable 14,304 11,858 15,981
Accrued liabilities 10,148 15,050 9,484
Income tax payable 335   441
Current operating lease liabilities 426 444 1,055
TOTAL CURRENT LIABILITIES 32,356 34,495 34,104
Other Liabilities:      
Long‑term debt 16,667 18,452 46,383
Deferred income tax liability 3,302 3,302 3,125
Operating lease liabilities 687 787 7,628
Other liabilities 297 297 387
TOTAL LIABILITIES 53,309 57,333 91,627
Stockholders' Equity:      
Authorized 30,000,000 shares; no par value, issued and outstanding – 13,756,393; 13,732,719; and 13,861,552; shares respectively 3,428 4,218 4,909
Retained earnings 165,337 164,779 159,811
TOTAL STOCKHOLDERS' EQUITY 168,765 168,997 164,720
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 222,074 $ 226,330 $ 256,347