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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,291 $ 4,451
Receivables, net 64,090 55,117
Inventories 63,049 53,536
Prepaid expenses and other current assets 4,641 3,242
Total current assets 137,071 116,346
Property, plant and equipment, net 59,839 58,072
Goodwill 113,168 113,028
Intangible assets, net 66,253 68,361
Non-qualified deferred compensation plan 4,945 4,148
Right of use assets 13,932 13,153
Deferred income taxes 1,926 1,448
Other assets 858 3,636
Total assets 397,992 378,192
Current liabilities:    
Accounts payable 25,125 19,961
Accrued expenses 16,772 23,122
Deferred revenue 4,266 4,679
Lease liabilities 2,614 2,517
Income taxes payable 216 1,682
Current installments of long-term debt 4,000 4,000
Total current liabilities 52,993 55,961
Long-term debt, excluding current installments 53,000 51,000
Deferred income taxes 458 448
Non-qualified deferred compensation plan 5,003 4,167
Lease liabilities 11,667 10,851
Other liabilities 14,586 18,220
Total liabilities 137,707 140,647
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; 7,668,371 and 7,638,812 shares issued and outstanding, respectively, at June 30, 2023; 7,611,244 and 7,581,685 shares issued and outstanding, respectively, at December 31, 2022 76 76
Additional paid-in capital 36,654 36,070
Retained earnings 224,218 202,596
Accumulated other comprehensive loss (76) (610)
Treasury stock at cost: 29,559 shares at June 30, 2023 and December 31, 2022 (587) (587)
Total stockholders’ equity 260,285 237,545
Total liabilities and stockholders' equity $ 397,992 $ 378,192