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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 5,231 $ 3,238
Receivables, less allowance for doubtful accounts of $501 at June 30, 2019 and $564 at December 31, 2018 30,681 28,321
Inventories 19,038 19,576
Prepaid expenses 2,267 2,206
Refundable income taxes 717 2,285
Total current assets 57,934 55,626
Property, plant and equipment 113,866 111,779
Less accumulated depreciation and amortization (56,520) (54,112)
Net property, plant and equipment 57,346 57,667
Goodwill 51,838 51,838
Intangible assets, net 21,603 22,232
Non-qualified deferred compensation plan 2,573 2,034
Operating lease right of use assets 3,531 0
Other assets 140 201
Total assets 194,965 189,598
Current liabilities:    
Accounts payable 5,895 6,836
Accrued expenses 7,504 8,458
Deferred revenue 2,951 2,507
Operating lease liabilities, current 984 0
Current portion of long-term debt 3,571 2,857
Total current liabilities 20,905 20,658
Long-term debt, excluding current portion 13,857 22,286
Deferred income taxes 4,966 4,129
Non-qualified deferred compensation plan 2,595 2,044
Operating lease liabilities, noncurrent 2,598 0
Other liabilities 390 24
Total liabilities 45,311 49,141
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $.01 par value, 1,000,000 shares authorized; no shares issued 0 0
Common stock, $.01 par value, 20,000,000 shares authorized; 7,457,788 and 7,428,229 shares issued and outstanding, respectively at June 30, 2019; 7,415,002 and 7,385,443 shares issued and outstanding, respectively at December 31, 2018 74 74
Additional paid-in capital 30,033 29,168
Retained earnings 120,134 111,802
Treasury stock at cost, 29,559 shares at June 30, 2019 and 29,559 shares at December 31, 2018 (587) (587)
Total stockholders’ equity 149,654 140,457
Total liabilities and stockholders' equity $ 194,965 $ 189,598