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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2017
May 31, 2016
Current Assets:    
Cash $ 5,232 $ 7,659
Accounts receivable 14,857 15,153
Inventories 13,619 11,381
Workers' compensation security deposit 690 1,294
Other current assets 776 331
Total Current Assets 35,174 35,818
Property, Plant and Equipment, at Cost:    
Land 2,996 2,996
Buildings and improvements 37,279 36,624
Machinery and equipment 17,364 16,977
Property, Plant and Equipment gross 57,639 56,597
Less accumulated depreciation 45,690 44,952
Net Property, Plant and Equipment 11,949 11,645
Other Assets 7,241 7,515
Total Assets 54,364 54,978
Current Liabilities:    
Accounts payable, trade 3,776 3,921
Accrued salaries and wages 2,555 3,557
Accrued marketing programs 3,090 1,767
Accrued warranty 5,686 4,817
Customer deposits 1,664 1,521
Other accrued liabilities 2,918 2,448
Total Current Liabilities 19,689 18,031
Long-Term Liabilities:    
Deferred compensation expense 4,921 5,002
Accrued warranty 2,500 2,500
Life insurance loans 4,312 4,312
Total Long-Term Liabilities 11,733 11,814
Commitments and Contingencies - See Note 8
Shareholders' Equity:    
Common stock, $.0277 par value, 15,000,000 shares authorized; issued 11,217,144 shares 312 312
Additional paid-in capital 5,117 5,010
Retained earnings 83,257 85,555
Treasury stock, at cost, 2,825,900 shares (65,744) (65,744)
Total Shareholders' Equity 22,942 25,133
Total Liabilities and Shareholders' Equity $ 54,364 $ 54,978