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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,743 $ 3,238
Receivables, net 28,648 28,321
Inventories 18,276 19,576
Prepaid expenses 2,304 2,206
Refundable income taxes 279 2,285
Total current assets 53,250 55,626
Property, plant, and equipment 116,089 111,779
Less accumulated depreciation and amortization (59,350) (54,112)
Net property, plant and equipment 56,739 57,667
Goodwill 51,838 51,838
Intangible assets, net 20,975 22,232
Non-qualified deferred compensation plan 2,775 2,034
Operating lease right of use assets 3,034 0
Other assets 147 201
Total assets 188,758 189,598
Current liabilities:    
Accounts payable 4,577 6,836
Accrued expenses 8,483 8,458
Deferred revenue 2,574 2,507
Operating lease liabilities 674 0
Current installments of long-term debt 2,857
Total current liabilities 16,308 20,658
Long-term debt, excluding current portion 22,286
Deferred income taxes 4,921 4,129
Non-qualified deferred compensation plan 2,788 2,044
Operating lease liabilities 2,416 0
Other liabilities 334 24
Total liabilities 26,767 49,141
Commitments and contingencies (Note 14)
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; 7,475,768 and 7,446,209 shares issued and outstanding, respectively at December 31, 2019; and 7,415,002 and 7,385,443 shares issued and outstanding, respectively, at December 31, 2018 74 74
Additional paid-in capital 30,952 29,168
Retained earnings 131,552 111,802
Treasury stock at cost, 29,559 shares at December 31, 2019 and 2018 (587) (587)
Total stockholders' equity 161,991 140,457
Total liabilities and stockholders' equity $ 188,758 $ 189,598