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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 6,291 $ 9,400
Accounts receivable, net of allowance for doubtful accounts of $974 and $542, respectively 35,798 35,501
Inventory, net 35,449 40,101
Prepaid expenses and other 8,916 6,123
Current deferred tax assets 0 3,971
Total current assets 86,454 95,096
PROPERTY, PLANT AND EQUIPMENT 106,523 109,733
Less - accumulated depreciation (48,524) (45,898)
Property, plant and equipment, net 57,999 63,835
GOODWILL, net 17,190 32,762
PURCHASED INTANGIBLE ASSETS, net 20,418 26,734
DEFERRED TAX ASSETS 0 587
OTHER ASSETS, net 805 315
TOTAL ASSETS 182,866 219,329
CURRENT LIABILITIES:    
Accounts payable 14,624 14,076
Accrued expenses 3,972 5,638
Accrued anti-dumping duties 6,374 0
Dividend payable 284 559
Accrued income taxes 2,783 3,770
Accrued employee compensation and benefits 2,465 4,582
Customer advances 2,396 3,510
Current deferred tax liabilities 0 373
Total current liabilities 32,898 32,508
LINES OF CREDIT 27,500 22,782
DEFERRED TAX LIABILITIES 2,119 7,003
OTHER LONG-TERM LIABILITIES 1,928 2,121
Total liabilities $ 64,445 $ 64,414
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 7)
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; 14,212,115 and 13,997,076 shares issued and outstanding, respectively 711 700
Additional paid-in capital 70,408 67,088
Retained earnings 87,767 113,723
Other cumulative comprehensive loss (40,465) (26,596)
Total stockholders’ equity 118,421 154,915
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 182,866 $ 219,329