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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 6,019 $ 6,332
Trade accounts receivable, less allowance for doubtful accounts of $155 in 2015 and $181 in 2014 8,801 9,877
Other receivables 132 148
Inventories 9,205 8,705
Prepaid income taxes 335 771
Prepaid expenses, other 756 902
Deferred income taxes 715 766
Other current assets 316  
Total current assets 26,279 27,501
Property, plant and equipment, net of accumulated depreciation of $8,135 in 2015 and $7,874 in 2014 5,742 5,562
Goodwill 7,543 8,147
Intangible assets, net 9,635 10,831
Other assets 187 194
Deferred income taxes 287 274
TOTAL ASSETS 49,673 52,509
Current liabilities:    
Current maturities of notes payable 736 983
Revolving lines of credit 3,905 3,300
Accounts payable 3,562 4,402
Accrued compensation and related expenses 2,973 4,120
Other accrued expenses 1,272 731
Accrued product warranties 293 285
Dividends payable 633 631
Deferred revenue 1,255 997
Total current liabilities 14,629 15,449
Notes payable 14 307
Obligations to former employees 61 67
Deferred income taxes 1,569 1,856
Accrued income taxes 363 357
Total noncurrent liabilities 2,007 2,587
Total liabilities $ 16,636 $ 18,036
Shareholders' equity:    
Capital stock – undesignated. Authorized 3,000,000 shares; none issued and outstanding in 2015 and 2014    
Common stock – $0.10 par value. Authorized 22,000,000 shares; issued and outstanding 5,752,574 shares in 2015 and 5,732,505 shares in 2014 $ 575 $ 573
Additional paid-in capital 6,894 6,427
Retained earnings 30,553 30,265
Accumulated other comprehensive loss (4,985) (2,792)
Total shareholders' equity 33,037 34,473
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 49,673 $ 52,509