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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,451 $ 11,117
Receivables, net 55,117 39,384
Inventories 53,536 33,436
Prepaid expenses 3,242 3,383
Total current assets 116,346 87,320
Property, plant and equipment, net 58,072 56,569
Goodwill 113,028 107,905
Intangible assets, net 68,361 67,585
Non-qualified deferred compensation plan 4,148 4,327
Right of use assets 13,153 9,324
Deferred income taxes 1,448 0
Other assets 3,636 1,102
Total assets 378,192 334,132
Current liabilities:    
Accounts payable 19,961 10,611
Accrued expenses 23,122 16,777
Deferred revenue 4,679 4,247
Lease liabilities 2,517 2,239
Income taxes payable 1,682 909
Current installments, net of long-term debt 4,000 4,000
Total current liabilities 55,961 38,783
Long-term debt, excluding current installments 51,000 71,000
Deferred income taxes 448 3,263
Non-qualified deferred compensation plan 4,167 4,337
Lease liabilities 10,851 7,118
Other liabilities 18,220 15,185
Total liabilities 140,647 139,686
Commitments and contingencies (Note 16)
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; 7,611,244 and 7,581,685 shares issued and outstanding, respectively at December 31, 2022; and 7,564,645 and 7,535,086 shares issued and outstanding, respectively, at December 31, 2021 76 75
Additional paid-in capital 36,070 34,151
Retained earnings 202,596 160,807
Accumulated other comprehensive loss (610) 0
Treasury stock at cost, 29,559 shares at December 31, 2022 and 2021 (587) (587)
Total stockholders' equity 237,545 194,446
Total liabilities and stockholders' equity $ 378,192 $ 334,132