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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,376 $ 4,451
Receivables, net 60,968 55,117
Inventories 69,777 53,536
Prepaid expenses and other current assets 2,865 3,242
Refundable income taxes 481 0
Total current assets 140,467 116,346
Property, plant and equipment, net 60,687 58,072
Goodwill 112,968 113,028
Intangible assets, net 65,020 68,361
Non-qualified deferred compensation plan 4,824 4,148
Right of use assets 14,225 13,153
Deferred income taxes 986 1,448
Other assets 633 3,636
Total assets 399,810 378,192
Current liabilities:    
Accounts payable 26,948 19,961
Accrued expenses 18,663 23,122
Deferred revenue 3,814 4,679
Lease liabilities 3,163 2,517
Income taxes payable 0 1,682
Current installments of long-term debt 4,000 4,000
Total current liabilities 56,588 55,961
Long-term debt, excluding current installments 39,000 51,000
Deferred income taxes 443 448
Non-qualified deferred compensation plan 4,892 4,167
Lease liabilities 11,464 10,851
Other liabilities 15,040 18,220
Total liabilities 127,427 140,647
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 September 30, 2023; 7,611,244 and 7,581,685 shares issued and outstanding, respectively, at December 31, 2022 76 76
Additional paid-in capital 37,851 36,070
Retained earnings 235,912 202,596
Accumulated other comprehensive loss (869) (610)
Treasury stock at cost: 29,559 shares at September 30, 2023 and December 31, 2022 (587) (587)
Total stockholders’ equity 272,383 237,545
Total liabilities and stockholders' equity $ 399,810 $ 378,192