Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 4,095	$ 5,495
Restricted cash	802	802
Accounts receivable, less allowance for doubtful accounts of $793 and $593, respectively	41,406	38,843
Allowance for Doubtful Accounts	793	593
Inventories, net	56,182	55,905
Miscellaneous receivables and prepaid expenses	6,674	5,377
Total current assets	109,159	106,422
Property, plant and equipment, net	15,662	16,546
Deferred income taxes	18,525	21,711
Goodwill	19,555	20,923
Cash value of life insurance	13,808	14,969
Intangible assets, net	11,276	12,335
Right of use assets	10,178	11,246
Other assets	252	277
Total assets	198,415	204,429
Current liabilities:
Accounts payable	13,730	13,789
Lease obligation	3,825	3,830
Accrued expenses and other liabilities	18,960	39,311
Total current liabilities	36,515	56,930
Noncurrent liabilities:
Revolving line of credit	10,460	2,271
Security bonus plan	11,677	11,840
Lease obligation	8,331	9,504
Deferred compensation	5,327	6,370
Deferred tax liability	5,994	6,188
Other liabilities	3,376	3,325
Total liabilities	81,680	96,428
Stockholders' equity:
Authorized - 500,000 shares, Issued and outstanding — None	0	0
Authorized - 35,000,000 shares Issued - 9,190,171 shares Outstanding - 8,996,267 and 9,043,771 shares, respectively	9,190	9,190
Capital in excess of par value	18,528	18,077
Retained earnings	99,029	86,496
Treasury stock – 193,904 and 146,400 shares, respectively	(7,517)	(5,761)
Accumulated other comprehensive loss	(2,495)	(1)
Total stockholders’ equity	116,735	108,001
Total liabilities and stockholders’ equity	$ 198,415	$ 204,429