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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2016
May. 31, 2015
Current Assets:    
Cash $ 6,260 $ 4,995
Accounts receivable, less allowance for doubtful accounts of $0 at February 29, 2016 and $536 at May 31, 2015 12,738 15,288
Inventories 10,923 9,119
Workers' compensation security deposit 1,749 1,732
Other current assets 424 447
Total Current Assets 32,094 31,581
Property, Plant and Equipment:    
Land 2,996 2,996
Buildings and improvements 36,624 36,280
Machinery and equipment 16,223 16,332
Property, Plant and Equipment gross 55,843 55,608
Less accumulated depreciation 44,740 44,039
Net Property, Plant and Equipment 11,103 11,569
Other Assets 7,325 7,289
Total Assets 50,522 50,439
Current Liabilities:    
Accounts payable, trade 2,381 3,033
Accrued salaries and wages 2,164 2,565
Accrued marketing programs 2,931 2,356
Accrued warranty 4,755 4,511
Other accrued liabilities 2,725 2,652
Total Current Liabilities 14,956 15,117
Long-Term Liabilities:    
Deferred compensation expense 5,072 5,237
Accrued warranty 2,400 2,400
Life insurance loans 4,312 4,312
Total Long-Term Liabilities $ 11,784 $ 11,949
Commitments and Contingencies - See Note 9
Shareholders' Equity:    
Common stock, $.0277 par value, 15,000,000 shares authorized; issued 11,217,144 shares $ 312 $ 312
Additional paid-in capital 4,985 4,928
Retained earnings 84,229 83,877
Treasury stock, at cost, 2,825,900 shares (65,744) (65,744)
Total Shareholders' Equity 23,782 23,373
Total Liabilities and Shareholders' Equity $ 50,522 $ 50,439