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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 5,353 $ 4,207
Restricted cash 800 800
Accounts receivable, less allowance for doubtful accounts 31,996 31,546
Inventories 41,740 44,517
Miscellaneous receivables and prepaid expenses 4,758 5,433
Total current assets 84,647 86,503
Property, plant and equipment, net 38,523 41,588
Cash value of life insurance 10,531 9,188
Deferred income taxes 51 51
Other assets 472 510
Total assets 134,224 137,840
Current liabilities:    
Accounts payable 11,499 7,867
Accrued expenses and other liabilities 23,040 30,861
Total current liabilities 34,539 38,728
Noncurrent liabilities and deferred credits:    
Security bonus plan 15,383 15,857
Financing lease obligation 8,992 9,414
Deferred compensation 4,953 5,102
Deferred rent liability 4,141 4,361
Other liabilities 2,616 2,523
Total liabilities 70,624 75,985
Stockholders' equity:    
Authorized - 500,000 shares, Issued and outstanding — None 0 0
Authorized - 35,000,000 shares Issued - 8,755,810 and 8,720,350 shares, respectively Outstanding - 8,740,378 and 8,706,467 shares, respectively 8,756 8,720
Capital in excess of par value 9,282 8,701
Retained earnings 44,830 43,275
Treasury stock – 15,432 and 13,883 shares, respectively (272) (267)
Accumulated other comprehensive income 1,004 1,426
Stockholders’ equity 63,600 61,855
Total liabilities and stockholders’ equity $ 134,224 $ 137,840