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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 6,344 $ 6,332
Trade accounts receivable, less allowance for doubtful accounts of $141 in 2015 and $181 in 2014 8,786 9,877
Other receivables 326 148
Inventories 7,790 8,705
Prepaid income taxes 559 771
Prepaid expenses, other $ 897 902
Deferred income taxes 766
Total current assets $ 24,702 27,501
Property, plant, and equipment, net of accumulated depreciation of $8,154 in 2015 and $7,874 in 2014 5,995 5,562
Goodwill 7,437 8,147
Intangible assets, net 8,986 10,831
Other assets 88 194
Deferred income taxes 211 274
Total assets 47,419 52,509
Current liabilities:    
Current maturities of long-term notes payable $ 65 983
Line of credit 3,300
Accounts payable $ 3,033 4,402
Accrued compensation and related expenses 3,969 4,120
Other accrued expenses 811 731
Accrued product warranties 223 285
Dividends payable 637 631
Deferred revenue 862 997
Total current liabilities 9,600 $ 15,449
Line of credit 2,793
Notes payable 93 $ 307
Obligations to former employees 34 67
Deferred income taxes 1,227 1,856
Accrued income taxes 201 357
Total noncurrent liabilities 4,348 2,587
Total liabilities $ 13,948 $ 18,036
Commitments and contingencies (Note 6)
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 5,792,126 shares in 2015 and 5,732,505 shares in 2014 $ 579 $ 573
Additional paid-in capital 7,412 6,427
Retained earnings 30,700 30,265
Accumulated other comprehensive loss (5,220) (2,792)
Total shareholders’ equity 33,471 34,473
Total liabilities and shareholders' equity $ 47,419 $ 52,509