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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 12,266 $ 3,743
Receivables, less allowance for doubtful accounts of $643 at June 30, 2020 and $486 at December 31, 2019 27,271 28,648
Inventories 20,959 18,276
Prepaid expenses 3,419 2,304
Refundable income taxes 0 279
Total current assets 63,915 53,250
Property, plant and equipment 117,717 116,089
Less accumulated depreciation and amortization (62,559) (59,350)
Net property, plant and equipment 55,158 56,739
Goodwill 51,838 51,838
Intangible assets, net 20,347 20,975
Non-qualified deferred compensation plan 3,164 2,775
Finance lease right of use assets 108 0
Operating lease right of use assets 2,542 3,034
Other assets 147 147
Total assets 197,219 188,758
Current liabilities:    
Accounts payable 5,415 4,577
Accrued expenses 7,113 8,483
Deferred revenue 2,648 2,574
Finance lease liabilities 15 0
Operating lease liabilities 1,170 1,150
Income taxes payable 204 0
Total current liabilities 16,565 16,784
Deferred income taxes 5,652 4,921
Non-qualified deferred compensation plan 3,208 2,788
Finance lease liabilities 93 0
Operating Lease, Liability, Noncurrent 1,428 1,940
Other liabilities 1,061 334
Total liabilities 28,007 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; 7,524,343 and 7,494,784 shares issued and outstanding, respectively, at June 30, 2020; 7,475,768 and 7,446,209 shares issued and outstanding, respectively at December 31, 2019 75 74
Additional paid-in capital 31,963 30,952
Retained earnings 137,761 131,552
Treasury stock at cost, 29,559 shares at June 30, 2020 and December 31, 2019 (587) (587)
Total stockholders’ equity 169,212 161,991
Total liabilities and stockholders' equity $ 197,219 $ 188,758