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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 1,457,000 $ 1,926,000
Income tax receivable 1,790,000 1,437,000
Accounts receivable – trade (after allowance for doubtful accounts of $100.0 thousand in 2013 and 2012) 11,621,000 13,344,000
Inventories 14,933,000 16,529,000
Deferred income taxes 350,000 276,000
Prepaid expenses 148,000 330,000
Employee loans 4,000 5,000
Total current assets 30,303,000 33,847,000
Net property and equipment 22,388,000 24,210,000
Other assets    
Intangible assets, net 3,604,000 4,275,000
Deferred income taxes 1,535,000 870,000
Deposits 184,000 121,000
Total other assets 5,323,000 5,266,000
Total assets 58,014,000 63,323,000
Current liabilities    
Current maturities of long-term debt 22,302,000 1,687,000
Accounts payable 6,279,000 6,408,000
Interest rate swap liability 89,000 250,000
Redeemable securities 500,000 0
Deposit from related party 500,000 0
Other current liabilities 508,000 374,000
Total current liabilities 30,178,000 8,719,000
Long-term liabilities    
Long-term debt 0 23,369,000
Total long-term liabilities 0 23,369,000
Shareholders’ equity    
Common stock, $0.0033 par value: 20,000,000 and 10,000,000 shares authorized in 2013 and 2012, respectively; 7,192,479 shares issued in 2013 and 2012; 7,069,267 and 6,944,267 shares outstanding in 2013 and 2012, respectively 24,000 24,000
Additional paid-in capital 18,149,000 18,281,000
Retained earnings 9,893,000 13,437,000
Accumulated other comprehensive loss (53,000) (150,000)
Treasury stock at cost, 123,212 and 248,212 shares in 2013 and 2012, respectively (177,000) (357,000)
Total shareholders’ equity 27,836,000 31,235,000
Total liabilities and shareholders’ equity $ 58,014,000 $ 63,323,000