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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 2,084 $ 2,468
Accounts receivable – trade (after allowance for doubtful accounts of $100 thousand in 2011 and 2010) 20,168 27,449
Net investment in sales-type leases 37 33
Inventories 34,166 34,311
Deferred income taxes 942 942
Prepaid expenses 428 392
Employee loans 9 6
Total current assets 57,834 65,601
Net property and equipment 26,588 27,554
Other assets    
Net investment in sales-type leases 21 40
Notes receivable – related party 67 88
Goodwill 6,840 6,840
Intangible assets, net 5,400 5,775
Deposits 2,184 263
Total other assets 14,512 13,006
Total assets 98,934 106,161
Current liabilities    
Current maturities of long-term debt (Note 4) 1,883 1,824
Accounts payable 5,021 11,406
Income tax payable 3,365 2,909
Interest rate swap agreement liability (Note 4) 579 650
Accrued bonuses 229 1,175
Other current liabilities 391 319
Total current liabilities 11,468 18,283
Long-term liabilities    
Long-term debt (Note 4) 40,165 43,623
Deferred income taxes 3,402 3,373
Total long-term liabilities 43,567 46,996
Shareholders’ equity    
Common stock, $0.0033 par value: 10,000,000 shares authorized, 7,192,500 shares issued in 2011 and 2010, 6,940,517 and 6,789,917 shares outstanding in 2011 and 2010, respectively 24 24
Additional paid-in capital 18,282 17,852
Retained earnings 26,418 23,938
Accumulated other comprehensive loss (311) (353)
Treasury stock at cost, 251,983 and 402,583 shares in 2011 and 2010, respectively (514) (579)
Total shareholders’ equity 43,899 40,882
Total liabilities and shareholders’ equity $ 98,934 $ 106,161