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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2016
May 31, 2016
Current Assets:    
Cash $ 8,450 $ 7,659
Accounts receivable 14,834 15,153
Inventories 11,816 11,381
Workers' compensation security deposit 1,038 1,294
Other current assets 965 331
Total Current Assets 37,103 35,818
Property, Plant and Equipment, at Cost:    
Land 2,996 2,996
Buildings and improvements 37,094 36,624
Machinery and equipment 17,036 16,977
Property, Plant and Equipment gross 57,126 56,597
Less accumulated depreciation 45,163 44,952
Net Property, Plant and Equipment 11,963 11,645
Other Assets 7,493 7,515
Total Assets 56,559 54,978
Current Liabilities:    
Accounts payable, trade 4,148 3,921
Accrued salaries and wages 3,108 3,557
Accrued marketing programs 2,666 1,767
Accrued warranty 5,117 4,817
Customer deposits 1,277 1,521
Other accrued liabilities 2,564 2,448
Total Current Liabilities 18,880 18,031
Long-Term Liabilities:    
Deferred compensation expense 4,959 5,002
Accrued warranty 2,500 2,500
Life insurance loans 4,312 4,312
Total Long-Term Liabilities 11,771 11,814
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 5,041 5,010
Retained earnings 86,299 85,555
Treasury stock, at cost, 2,825,900 shares (65,744) (65,744)
Total Shareholders' Equity 25,908 25,133
Total Liabilities and Shareholders' Equity $ 56,559 $ 54,978