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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 11,162 $ 8,313
Trade accounts receivable, less allowance for doubtful accounts of $149 in 2017 and $180 in 2016 10,443 10,726
Other receivables 16 21
Inventories 7,515 6,728
Prepaid income taxes 769 498
Prepaid expenses, other 1,003 876
Total current assets 30,908 27,162
Property, plant, and equipment, net of accumulated depreciation of $9,078 in 2017 and $8,537 in 2016 5,394 5,457
Goodwill 7,337 7,180
Intangible assets, net 7,661 7,831
Other assets 118 118
Deferred income taxes 296 700
Total assets 51,714 48,448
Current liabilities:    
Current maturities of long-term notes payable 82 83
Accounts payable 4,906 2,905
Accrued compensation and related expenses 3,070 3,948
Other accrued expenses 1,019 947
Accrued product warranties 204 209
Accrued income taxes 1,680 999
Dividends payable 704 644
Deferred revenue 1,430 980
Total current liabilities 13,095 10,715
Line of credit 1,200
Notes payable 61 80
Deferred income taxes 1,026 1,068
Accrued income taxes 134 134
Total noncurrent liabilities 2,421 1,282
Total liabilities 15,516 11,997
Shareholders’ equity:    
Capital stock – undesignated. Authorized 3,000,000 shares; none issued and outstanding in 2017 and December 31,
Common stock – $0.10 par value. Authorized 22,000,000 shares; issued and outstanding 5,867,127 shares in 2017 and 5,854,413 shares in 2016 585 585
Additional paid-in capital 8,982 8,617
Retained earnings 32,410 33,144
Accumulated other comprehensive loss (5,779) (5,895)
Total shareholders’ equity 36,198 36,451
Total liabilities and shareholders' equity $ 51,714 $ 48,448