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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 17,435 $ 3,743
Receivables, less allowance for credit losses of $649 at September 30, 2020 and $486 at December 31, 2019 27,364 28,648
Inventories 19,488 18,276
Prepaid expenses and other current assets 3,700 2,304
Refundable income taxes 576 279
Total current assets 68,563 53,250
Property, plant and equipment 118,461 116,089
Less accumulated depreciation and amortization (64,110) (59,350)
Net property, plant and equipment 54,351 56,739
Goodwill 51,838 51,838
Intangible assets, net 20,032 20,975
Non-qualified deferred compensation plan 3,360 2,775
Finance lease right of use assets 104 0
Operating lease right of use assets 2,268 3,034
Other assets 148 147
Total assets 200,664 188,758
Current liabilities:    
Accounts payable 4,547 4,577
Accrued expenses 8,415 8,483
Deferred revenue 1,946 2,574
Finance lease liabilities 15 0
Operating lease liabilities 1,140 1,150
Total current liabilities 16,063 16,784
Deferred income taxes 5,898 4,921
Non-qualified deferred compensation plan 3,416 2,788
Finance lease liabilities 89 0
Operating Lease, Liability, Noncurrent 1,184 1,940
Other liabilities 1,575 334
Total liabilities 28,225 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 September 30, 2020; 7,475,768 and 7,446,209 shares issued and outstanding, respectively, at December 31, 2019 75 74
Additional paid-in capital 32,202 30,952
Retained earnings 140,749 131,552
Treasury stock at cost, 29,559 shares at September 30, 2020 and December 31, 2019 (587) (587)
Total stockholders’ equity 172,439 161,991
Total liabilities and stockholders' equity $ 200,664 $ 188,758