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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,390 $ 3,238
Receivables, less allowance for doubtful accounts of $533 at September 30, 2019 and $564 at December 31, 2018 28,796 28,321
Inventories 19,219 19,576
Prepaid expenses 2,659 2,206
Refundable income taxes 2,036 2,285
Total current assets 64,100 55,626
Property, plant and equipment 115,208 111,779
Less accumulated depreciation and amortization (58,128) (54,112)
Net property, plant and equipment 57,080 57,667
Goodwill 51,838 51,838
Intangible assets, net 21,289 22,232
Non-qualified deferred compensation plan 2,615 2,034
Operating lease right of use assets 3,276 0
Other assets 140 201
Total assets 200,338 189,598
Current liabilities:    
Accounts payable 6,825 6,836
Accrued expenses 8,326 8,458
Deferred revenue 2,532 2,507
Operating lease liabilities, current 821 0
Current portion of long-term debt 2,857 2,857
Total current liabilities 21,361 20,658
Long-term debt, excluding current portion 12,143 22,286
Deferred income taxes 5,381 4,129
Non-qualified deferred compensation plan 2,643 2,044
Operating lease liabilities, noncurrent 2,511 0
Other liabilities 410 24
Total liabilities 44,449 49,141
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $.01 par value, 1,000,000 shares authorized; no shares issued 0 0
Common stock, $.01 par value, 20,000,000 shares authorized; 7,466,695 and 7,437,136 shares issued and outstanding, respectively at September 30, 2019;7,415,002 and 7,385,443 shares issued and outstanding, respectively at December 31, 2018 74 74
Additional paid-in capital 30,627 29,168
Retained earnings 125,775 111,802
Treasury stock at cost, 29,559 shares at September 30, 2019 and December 31, 2018 (587) (587)
Total stockholders’ equity 155,889 140,457
Total liabilities and stockholders' equity $ 200,338 $ 189,598