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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 42,659 $ 3,309
Receivables (less allowance for doubtful accounts at March 31, 2020, and December 31, 2019 - $24) 52,443 40,931
Inventory 142,774 136,931
Prepaid expenses 4,387 2,048
Refundable income taxes 0 987
Total current assets 242,263 184,206
Property, plant, and equipment 317,159 313,958
Less accumulated depreciation and amortization (188,488) (185,539)
Property, plant, and equipment, net 128,671 128,419
Operating lease right-of-use assets, net 6,295 6,490
Other assets 5,173 3,482
Total assets 382,402 322,597
Current Liabilities    
Current maturities of long-term debt 404 401
Accounts payable 28,456 29,511
Accrued expenses 10,398 9,383
Income taxes payable 2,054 0
Total current liabilities 41,312 39,295
Long-term Debt, Excluding Current Maturities 40,561 40,658
Credit agreement - revolver 53,590 1
Long-term operating lease liabilities 4,058 4,267
Deferred credits 1,152 1,233
Other noncurrent liabilities 4,358 4,170
Deferred income taxes 1,806 1,929
Total liabilities 146,837 91,553
Commitments and Contingencies
Capital stock    
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares 4 4
Common stock    
No par value; authorized 40,000,000 shares; issued 18,115,965 shares at March 31, 2020 and December 31, 2019; and 16,895,522 and 17,028,125 shares outstanding at March 31, 2020 and December 31, 2019, respectively 6,715 6,715
Additional paid-in capital 14,364 14,029
Retained earnings 238,567 230,784
Accumulated other comprehensive loss (252) (246)
Treasury stock, at cost, 1,220,443 and 1,087,840 at March 31, 2020 and December 31, 2019, respectively (23,833) (20,242)
Total stockholders’ equity 235,565 231,044
Total liabilities and stockholders’ equity $ 382,402 $ 322,597