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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,142 $ 3,485
Accounts receivable-net 29,311 26,219
Inventories-net 22,639 22,737
Other current assets 5,099 3,251
Total current assets 61,191 55,692
Property, plant and equipment – net 13,169 12,575
Goodwill 11,051 11,051
Intangible assets – net 11,176 10,859
Operating lease right-of-use assets 3,697  
Other assets 4,764 4,504
Total Assets 105,048 94,681
Current liabilities:    
Borrowings of line of credit 16,139 7,819
Accounts payable 14,794 12,644
Accrued salaries and benefits 5,145 5,940
Accrued expenses 2,223 2,113
Operating lease liabilities - current portion 1,540  
Customer deposits and deferred service revenue 11,540 9,851
Other current liabilities 0 2,550
Total current liabilities 51,381 40,917
Operating lease liabilities - net of current portion 2,177  
Deferred service revenue 4,807 4,407
Other long-term liabilities 3,198 3,411
Total liabilities 61,563 48,735
Commitments and contingencies
Shareholders’ Equity:    
Preferred stock, $.02 par value, 1,000,000 shares authorized 0 0
Common stock, $.02 par value, 29,000,000 shares authorized; 17,956,318 and 17,879,761 shares issued, 16,248,209 and 16,171,652 outstanding at March 31, 2019 and December 31, 2018, respectively 357 357
Capital in excess of par value 50,529 50,251
Retained earnings 2,698 5,427
Accumulated other comprehensive loss (4,263) (4,253)
Treasury stock, at cost, 1,708,109 shares (5,836) (5,836)
Total shareholders’ equity 43,485 45,946
Total Liabilities and Shareholders’ Equity $ 105,048 $ 94,681