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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,503 $ 4,451
Receivables, net 60,142 55,117
Inventories 56,649 53,536
Prepaid expenses and other current assets 3,622 3,242
Total current assets 126,916 116,346
Property, plant and equipment, net 59,027 58,072
Goodwill 113,159 113,028
Intangible assets, net 67,346 68,361
Non-qualified deferred compensation plan 4,706 4,148
Right of use assets 14,514 13,153
Deferred income taxes 1,547 1,448
Other assets 3,567 3,636
Total assets 390,782 378,192
Current liabilities:    
Accounts payable 20,454 19,961
Accrued expenses 16,768 23,122
Deferred revenue 3,582 4,679
Lease liabilities 2,938 2,517
Income taxes payable 4,450 1,682
Current portion of long-term debt 4,000 4,000
Total current liabilities 52,192 55,961
Long-term debt, excluding current installments 56,000 51,000
Deferred income taxes 0 448
Non-qualified deferred compensation plan 4,750 4,167
Lease liabilities 11,873 10,851
Other liabilities 19,483 18,220
Total liabilities 144,298 140,647
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; 7,642,529 and 7,612,970 shares issued and outstanding, respectively, at March 31, 2023; 7,611,244 and 7,581,685 shares issued and outstanding, respectively, at December 31, 2022 76 76
Additional paid-in capital 34,777 36,070
Retained earnings 212,335 202,596
Accumulated other comprehensive loss (117) (610)
Treasury stock at cost, 29,559 shares at March 31, 2023 and 29,559 shares at December 31, 2022 (587) (587)
Total stockholders’ equity 246,484 237,545
Total liabilities and stockholders' equity $ 390,782 $ 378,192