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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,603 $ 11,883
Restricted cash 800 800
Accounts receivable, less allowance for doubtful accounts of $538 and $549, respectively 43,973 37,682
Allowance for Doubtful Accounts 538 549
Inventories, net 53,818 52,887
Miscellaneous receivables and prepaid expenses 5,393 3,653
Total current assets 107,587 106,905
Property, plant and equipment, net 17,923 23,548
Deferred income taxes 19,174 20,592
Goodwill 20,451 20,079
Cash value of life insurance 13,175 12,599
Intangible assets, net 13,016 13,112
Lease Assets, Right-of-Use Asset 12,262 0
Other assets 296 307
Total assets 203,884 197,142
Current liabilities:    
Revolving lines of credit 13,131 10,823
Accounts payable 14,848 15,207
Lease Liability, Current 4,090 0
Accrued expenses and other liabilities 29,044 40,179
Total current liabilities 61,113 66,209
Noncurrent liabilities:    
Security bonus plan 12,320 12,413
Lease Liability, Noncurrent 11,238 5,213
Deferred compensation 5,940 5,304
Deferred tax liability 2,833 2,761
Other liabilities 3,843 6,069
Total liabilities 97,287 97,969
Stockholders' equity:    
Authorized - 500,000 shares, Issued and outstanding — None 0 0
Authorized - 35,000,000 shares Issued - 9,012,236 and 9,005,716 shares, respectively Outstanding - 8,962,450 and 8,955,930 shares, respectively 9,012 9,006
Capital in excess of par value 16,283 15,623
Retained earnings 83,421 77,338
Treasury stock – 49,786 shares (1,234) (1,234)
Accumulated other comprehensive loss (885) (1,560)
Total stockholders’ equity 106,597 99,173
Total liabilities and stockholders’ equity $ 203,884 $ 197,142