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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 26,293 $ 28,393
Restricted cash 1,001 998
Accounts receivable, less allowance for doubtful accounts of $773 and $654, respectively 48,707 44,515
Inventories, net 60,758 61,867
Miscellaneous receivables and prepaid expenses 8,187 7,289
Total current assets 144,946 143,062
Property, plant and equipment, net 15,603 15,800
Goodwill 35,426 35,176
Deferred income taxes 19,457 18,482
Intangible assets, net 18,070 18,503
Cash value of life insurance 16,423 16,185
Right of use assets 14,453 8,764
Other assets 331 332
Total assets 264,709 256,304
Current liabilities:    
Accrued acquisition liability 32,871 32,673
Accounts payable 19,841 22,262
Lease obligation 4,602 4,568
Accrued expenses and other liabilities 37,672 38,492
Total current liabilities 94,986 97,995
Security bonus plan 11,159 11,262
Deferred compensation 10,820 10,461
Lease obligation 11,505 5,738
Deferred tax liability 3,523 2,841
Other liabilities 5,658 5,585
Total liabilities 137,651 133,882
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 - 9,293,401 and 9,287,625 shares, respectively Outstanding - 9,066,547 and 9,061,039 shares, respectively 9,293 9,288
Capital in excess of par value 20,258 19,841
Retained earnings 105,205 101,609
Treasury stock – 226,854 and 226,586 shares, respectively (9,028) (9,015)
Accumulated other comprehensive income 1,330 699
Total stockholders’ equity 127,058 122,422
Total liabilities and stockholders’ equity $ 264,709 $ 256,304
Common Stock, Shares, Outstanding 9,066,547 9,061,039