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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 7,334 $ 3,743
Receivables, less allowance of $541 at March 31, 2020 and $486 at December 31, 2019 29,449 28,648
Inventories 20,242 18,276
Prepaid expenses 2,750 2,304
Refundable income taxes 279
Total current assets 59,775 53,250
Property, plant and equipment 117,292 116,089
Less accumulated depreciation and amortization (61,062) (59,350)
Net property, plant and equipment 56,230 56,739
Goodwill 51,838 51,838
Intangible assets, net 20,661 20,975
Non-qualified deferred compensation plan 2,790 2,775
Operating lease right of use assets 2,771 3,034
Other assets 148 147
Total assets 194,213 188,758
Current liabilities:    
Accounts payable 7,535 4,577
Accrued expenses 6,350 8,483
Deferred revenue 2,432 2,574
Operating lease liabilities 1,140 1,150
Income taxes payable 5
Total current liabilities 17,462 16,784
Deferred income taxes 5,342 4,921
Non-qualified deferred compensation plan 2,817 2,788
Operating Lease, Liability, Noncurrent 1,687 1,940
Other liabilities 630 334
Total liabilities 27,938 26,767
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; 7,512,403 and 7,482,844 shares issued and outstanding, respectively at March 31, 2020;7,475,768 and 7,446,209 shares issued and outstanding, respectively at December 31, 2019 75 74
Additional paid-in capital 31,344 30,952
Retained earnings 135,443 131,552
Treasury stock at cost, 29,559 shares at March 31, 2020 and December 31, 2019 (587) (587)
Total stockholders’ equity 166,275 161,991
Total liabilities and stockholders' equity $ 194,213 $ 188,758