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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 9,414 $ 15,905
Short-term Investments 4,614 9,152
Accounts receivable-trade, net of allowance for doubtful accounts of $14 and $16 at June 30, 2020 and December 31, 2019, respectively 357 409
Inventory 30,931 24,042
Income tax receivable 2,546 1,629
Prepaid expenses 1,256 1,082
Other current assets 264 297
Total current assets 49,382 52,516
Property and equipment, at cost 26,698 27,471
Less accumulated depreciation (14,683) (14,552)
Property and equipment, net 12,015 12,919
Operating lease assets 13,224 13,897
Deferred income taxes 648 427
Other intangibles, net of accumulated amortization of $547 at June 30, 2020 and December 31, 2019, respectively 7 7
Other assets 354 345
TOTAL ASSETS 75,630 80,111
CURRENT LIABILITIES:    
Accounts payable-trade 5,002 5,753
Accrued expenses and other liabilities 1,981 2,656
Operating lease liabilities 3,737 3,823
Total current liabilities 10,720 12,232
Uncertain tax positions 296 296
Other non-current liabilities 510 509
Operating lease liabilities, non-current 10,593 10,655
Long-term debt, net of current maturities 410 0
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.10 par value; 20,000,000 shares authorized; none issued or outstanding; attributes to be determined on issuance 0 0
Common stock, $0.0024 par value; 25,000,000 shares authorized; 10,467,367 and 10,446,563 shares issued at June 30, 2020 and December 31, 2019, respectively 25 25
Paid-in capital 5,448 5,037
Retained earnings 58,698 62,211
Treasury stock at cost (1,424,376 shares at June 30, 2020 and December 31, 2019, respectively) (9,773) (9,773)
Accumulated other comprehensive loss (net of tax of $432 and $359 at June 30, 2020 and December 31, 2019, respectively) (1,297) (1,081)
Total stockholders' equity 53,101 56,419
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 75,630 $ 80,111