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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 6,789 $ 6,344
Trade accounts receivable, less allowance for doubtful accounts of $165 in 2016 and $141 in 2015 10,449 8,786
Other receivables 296 326
Inventories 7,655 7,790
Prepaid income taxes 260 559
Prepaid expenses, other 962 897
Total current assets 26,411 24,702
Property, plant and equipment, net of accumulated depreciation of $8,289 in 2016 and $8,154 in 2015 5,588 5,995
Goodwill 7,508 7,437
Intangible assets, net 8,636 8,986
Other assets 90 88
Deferred income taxes 212 211
TOTAL ASSETS 48,445 47,419
Current liabilities:    
Current maturities of notes payable 60 65
Accounts payable 3,048 3,033
Accrued compensation and related expenses 3,860 3,969
Other accrued expenses 1,086 811
Accrued product warranties 232 223
Dividends payable 637 637
Deferred revenue 1,436 862
Total current liabilities 10,359 9,600
Revolving lines of credit 2,350 2,793
Notes payable 65 93
Obligations to former employees 35 34
Deferred income taxes 1,051 1,227
Accrued income taxes 201 201
Total noncurrent liabilities 3,702 4,348
Total liabilities 14,061 13,948
Shareholders' equity:    
Capital stock – undesignated. Authorized 3,000,000 shares; none issued and outstanding in 2016 and 2015
Common stock – $0.10 par value. Authorized 22,000,000 shares; issued and outstanding 5,798,103 shares in 2016 and 5,792,126 shares in 2015 580 579
Additional paid-in capital 7,829 7,412
Retained earnings 30,628 30,700
Accumulated other comprehensive loss (4,653) (5,220)
Total shareholders' equity 34,384 33,471
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 48,445 $ 47,419