XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 573,099 $ 664,488
Accounts receivable, net of allowance for doubtful accounts of $212,725 in 2012 and $219,806 in 2011 15,271,139 15,741,758
Inventories 25,740,312 31,682,080
Deferred income tax asset 637,853 766,805
Other current assets 814,103 1,526,818
Total current assets 43,036,506 50,381,949
Property and equipment, net 35,552,420 33,182,331
Goodwill 11,616,225 11,616,225
Trademarks and other intangibles, net 2,014,847 2,033,160
Other assets 746,752 761,258
Total assets 92,966,750 97,974,923
Current liabilities:    
Accounts payable 13,287,875 14,891,297
Accrued liabilities 8,291,236 9,531,942
Current portion of long-term debt 1,661,487 3,025,011
Total current liabilities 23,240,598 27,448,250
Long-term debt, less current portion 7,758,749 8,595,109
Line of credit 11,028,152 15,183,910
Deferred income tax liability 3,655,829 3,550,560
Interest rate swaps 829,119 843,635
Other liabilities 803,294 743,909
Total liabilities 47,315,741 56,365,373
Commitments and contingencies (Note 6)      
Shareholders' equity:    
Common stock, $.01 par value; 50,000,000 shares authorized; 19,027,948 and 18,631,133 shares issued and outstanding at June 30, 2012 and December 31, 2011 193,959 186,312
Additional paid-in capital 28,355,825 27,675,786
Accumulated other comprehensive loss (416,170) (425,025)
Retained earnings 17,988,590 14,643,672
Total shareholders' equity before treasury stock 46,122,204 42,080,745
Less: treasury stock, at cost: 367,957 shares at June 30, 2012 and December 31, 2011 (471,195) (471,195)
Total shareholders' equity 45,651,009 41,609,550
Total liabilities and shareholders' equity $ 92,966,750 $ 97,974,923