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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,576 $ 11,117
Receivables, net 57,913 39,384
Inventories 50,556 33,436
Prepaid expenses and other current assets 11,552 3,383
Refundable income taxes 102 0
Total current assets 125,699 87,320
Property, plant and equipment 137,443 126,837
Less accumulated depreciation and amortization (71,325) (70,268)
Net property, plant and equipment 66,118 56,569
Goodwill 114,921 107,905
Intangible assets, net 70,514 67,585
Non-qualified deferred compensation plan 4,008 4,327
Finance lease right of use assets 241 271
Operating lease right of use assets 12,420 9,053
Other assets 1,130 1,102
Total assets 395,051 334,132
Current liabilities:    
Accounts payable 23,443 10,611
Accrued expenses 17,928 12,700
Deferred revenue 5,612 4,247
Finance lease liabilities 58 58
Operating lease liabilities 2,341 2,181
Income taxes payable 0 909
Current installments of long-term debt 4,000 4,000
Total current liabilities 53,382 34,706
Long-term debt, excluding current installments 96,000 71,000
Deferred income taxes 3,329 3,263
Non-qualified deferred compensation plan 4,054 4,337
Finance lease liabilities 186 215
Operating lease liabilities 10,229 6,903
Other liabilities 20,581 19,262
Total liabilities 187,761 139,686
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; 7,596,090 and 7,566,531 shares issued and outstanding, respectively, at June 30, 2022; 7,564,645 and 7,535,086 shares issued and outstanding, respectively, at December 31, 2021 76 75
Additional paid-in capital 34,342 34,151
Retained earnings 174,594 160,807
Accumulated other comprehensive loss (1,135) 0
Treasury stock at cost: 29,559 shares at June 30, 2022 and 29,559 shares at December 31, 2021 (587) (587)
Total stockholders’ equity 207,290 194,446
Total liabilities and stockholders' equity $ 395,051 $ 334,132