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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2017
May 31, 2016
Current Assets:    
Cash $ 11,384 $ 7,659
Accounts receivable 12,751 15,153
Inventories 12,233 11,381
Workers' compensation security deposit 371 1,294
Other current assets 563 331
Total Current Assets 37,302 35,818
Property, Plant and Equipment, at Cost:    
Land 2,965 2,996
Buildings and improvements 35,368 36,624
Machinery and equipment 16,364 16,977
Property, Plant and Equipment gross 54,697 56,597
Less accumulated depreciation 43,721 44,952
Net Property, Plant and Equipment 10,976 11,645
Other Assets 7,366 7,515
Total Assets 55,644 54,978
Current Liabilities:    
Accounts payable, trade 3,861 3,921
Accrued salaries and wages 3,530 3,557
Accrued marketing programs 1,986 1,767
Accrued warranty 4,757 4,817
Customer deposits 1,880 1,521
Other accrued liabilities 2,371 2,448
Total Current Liabilities 18,385 18,031
Long-Term Liabilities:    
Deferred compensation expense 4,848 5,002
Accrued warranty 2,800 2,500
Life insurance loans 4,312 4,312
Total Long-Term Liabilities 11,960 11,814
Commitments and Contingencies - See Note 10
Shareholders' Equity:    
Common stock, $.0277 par value, 15,000,000 shares authorized; issued 11,217,144 shares 312 312
Additional paid-in capital 5,171 5,010
Retained earnings 85,560 85,555
Treasury stock, at cost, 2,825,900 shares (65,744) (65,744)
Total Shareholders' Equity 25,299 25,133
Total Liabilities and Shareholders' Equity $ 55,644 $ 54,978