Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 28,393	$ 5,495
Restricted cash	998	802
Accounts receivable, less allowance for doubtful accounts of $654 and $593, respectively	44,515	38,843
Inventories, net	61,867	55,905
Miscellaneous receivables and prepaid expenses	7,289	5,377
Total current assets	143,062	106,422
Property, plant and equipment, less accumulated depreciation and amortization	15,800	16,546
Deferred income taxes	18,482	21,711
Goodwill	35,176	20,923
Cash value of life insurance	16,185	14,969
Intangible assets, net	18,503	12,335
Right of use assets	8,764	11,246
Other assets	332	277
Total assets	256,304	204,429
Current liabilities:
Accrued acquisition liability	32,673	0
Accounts payable	22,262	13,789
Lease obligation	4,568	3,830
Accrued expenses and other liabilities	38,492	39,311
Total current liabilities	97,995	56,930
Revolving line of credit	0	2,271
Security bonus plan	11,262	11,840
Lease obligation	5,738	9,504
Deferred compensation	10,461	6,370
Deferred tax liability	2,841	6,188
Other liabilities	5,585	3,325
Total liabilities	133,882	96,428
Commitments and contingencies – Note 16
Stockholders’ equity:
Preferred stock, $1 par value: Authorized - 500,000 shares, issued and outstanding - None	0	0
Common stock, $1 par value: Authorized - 35,000,000 shares Issued – 9,287,625 and 9,190,171 shares, respectively Outstanding – 9,061,039 and 9,043,771 shares, respectively	9,288	9,190
Capital in excess of par value	19,841	18,077
Retained earnings	101,609	86,496
Treasury stock – 226,586 and 146,400 shares held, respectively	(9,015)	(5,761)
Accumulated other comprehensive income (loss)	699	(1)
Total stockholders’ equity	122,422	108,001
Total liabilities and stockholders’ equity	$ 256,304	$ 204,429