XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 9,130 $ 10,617
Accounts receivable, net of allowance for doubtful accounts of $459 and $419, respectively 36,804 38,715
Inventory, net 43,497 41,550
Prepaid expenses and other 6,145 4,375
Current deferred tax assets 2,658 3,507
Total current assets 98,234 98,764
PROPERTY, PLANT AND EQUIPMENT 109,500 107,802
Less - accumulated depreciation (45,532) (42,787)
Property, plant and equipment, net 63,968 65,015
GOODWILL, net 37,689 37,970
PURCHASED INTANGIBLE ASSETS, net 34,597 36,458
DEFERRED TAX ASSETS 669 505
OTHER ASSETS, net 1,718 1,900
TOTAL ASSETS 236,875 240,612
CURRENT LIABILITIES:    
Accounts payable 13,558 14,668
Accrued expenses 4,392 3,990
Dividend payable 557 550
Accrued income taxes 2,036 2,811
Accrued employee compensation and benefits 3,301 4,806
Customer advances 3,002 1,025
Current debt obligations 516 2,907
Current deferred tax liabilities 404 435
Total current liabilities 27,766 31,192
LINES OF CREDIT 26,900 26,400
DEFERRED TAX LIABILITIES 7,968 8,347
OTHER LONG-TERM LIABILITIES 1,937 1,881
Total liabilities 64,571 67,820
COMMITMENTS AND CONTINGENT LIABILITIES      
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.05 par value; 4,000,000 shares authorized; no issued and outstanding shares 0 0
Common stock, $0.05 par value; 25,000,000 shares authorized; 13,944,094 and 13,772,324 shares issued and outstanding, respectively 698 689
Additional paid-in capital 63,589 62,934
Retained earnings 114,480 113,399
Other cumulative comprehensive loss (6,463) (4,230)
Total stockholders’ equity 172,304 172,792
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 236,875 $ 240,612