XML 115 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 5,855 $ 28,393
Restricted cash 1,003 998
Accounts receivable, less allowance for doubtful accounts of $680 and $654, respectively 46,228 44,515
Inventories, net 63,029 61,867
Miscellaneous receivables and prepaid expenses 7,545 7,289
Total current assets 123,660 143,062
Property, plant and equipment, net 17,439 15,800
Goodwill 35,674 35,176
Deferred income taxes 19,456 18,482
Intangible assets, net 17,592 18,503
Cash value of life insurance 16,895 16,185
Right of use assets 13,483 8,764
Other assets 329 332
Total assets 244,528 256,304
Current liabilities:    
Accrued acquisition liability 0 32,673
Accounts payable 23,787 22,262
Lease obligation 4,417 4,568
Accrued expenses and other liabilities 38,024 38,492
Total current liabilities 66,228 97,995
Revolving line of credit 5,000 0
Security bonus plan 10,958 11,262
Deferred compensation 11,493 10,461
Lease obligation 10,611 5,738
Deferred tax liability 3,560 2,841
Other liabilities 5,780 5,585
Total liabilities 113,630 133,882
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 9,304 9,288
Capital in excess of par value 20,798 19,841
Retained earnings 108,140 101,609
Treasury stock – 226,854 and 226,586 shares, respectively (9,028) (9,015)
Accumulated other comprehensive income 1,684 699
Total stockholders’ equity 130,898 122,422
Total liabilities and stockholders’ equity $ 244,528 $ 256,304