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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 6,419 $ 6,291
Accounts receivable, net of allowance for doubtful accounts of $1,146 and $974, respectively 32,959 35,798
Inventory, net 28,833 35,449
Prepaid expenses and other 5,148 8,916
Total current assets 73,359 86,454
PROPERTY, PLANT AND EQUIPMENT 109,427 106,523
Less - accumulated depreciation (52,294) (48,524)
Property, plant and equipment, net 57,133 57,999
GOODWILL, net 16,097 17,190
PURCHASED INTANGIBLE ASSETS, net 15,827 20,418
OTHER ASSETS, net 139 131
TOTAL ASSETS 162,555 182,192
CURRENT LIABILITIES:    
Accounts payable 13,260 14,624
Accrued expenses 4,173 3,972
Accrued anti-dumping duties 6,550 6,374
Dividend payable 290 284
Accrued income taxes 548 2,783
Accrued employee compensation and benefits 3,307 2,465
Customer advances 2,619 2,396
Total current liabilities 30,747 32,898
LINES OF CREDIT 15,732 26,826
DEFERRED TAX LIABILITIES 1,448 2,119
OTHER LONG-TERM LIABILITIES 2,219 1,928
Total liabilities 50,146 63,771
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 7) 0 0
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; 14,496,359 and 14,212,115 shares outstanding, respectively 725 711
Additional paid-in capital 73,116 70,408
Retained earnings 80,107 87,767
Other cumulative comprehensive loss (41,514) (40,465)
Treasury stock, at cost; 2,378 and 0 shares, respectively (25) 0
Total stockholders’ equity 112,409 118,421
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 162,555 $ 182,192