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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2015
May. 31, 2015
Current Assets:    
Cash $ 6,672 $ 4,995
Accounts receivable, less allowance for doubtful accounts of $536 12,064 15,259
Inventories 10,498 9,008
Workers' compensation security deposit 1,015 1,732
Other current assets 1,540 447
Assets of discontinued operations 137 140
Total Current Assets 31,926 31,581
Property, Plant and Equipment:    
Land 2,996 2,996
Buildings and improvements 36,287 36,280
Machinery and equipment 16,340 16,332
Property, Plant and Equipment gross 55,623 55,608
Less accumulated depreciation 44,232 44,039
Net Property, Plant and Equipment 11,391 11,569
Other Assets 7,299 7,289
Total Assets 50,616 50,439
Current Liabilities:    
Accounts payable, trade 3,617 3,025
Accrued salaries and wages 2,486 2,565
Accrued marketing programs 3,172 2,319
Accrued warranty 4,482 4,511
Other accrued liabilities 2,340 2,593
Liabilities of discontinued operations 108 104
Total Current Liabilities 16,205 15,117
Long-Term Liabilities:    
Deferred compensation expense 5,160 5,237
Accrued warranty 2,400 2,400
Life insurance loans 4,312 4,312
Total Long-Term Liabilities $ 11,872 $ 11,949
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 4,928 4,928
Retained earnings 83,043 83,877
Treasury stock, at cost, 2,825,900 shares (65,744) (65,744)
Total Shareholders' Equity 22,539 23,373
Total Liabilities and Shareholders' Equity $ 50,616 $ 50,439