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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 4,181 $ 28,393
Restricted cash 198 998
Accounts receivable, less allowance for doubtful accounts of $798 and $654, respectively 47,031 44,515
Inventories, net 73,849 61,867
Miscellaneous receivables and prepaid expenses 7,517 7,289
Total current assets 132,776 143,062
Property, plant and equipment, less accumulated depreciation and amortization 18,828 15,800
Deferred income taxes 20,111 18,482
Goodwill 35,313 35,176
Cash value of life insurance 18,573 16,185
Intangible assets, net 16,165 18,503
Right of use assets 14,045 8,764
Other assets 346 332
Total assets 256,157 256,304
Current liabilities:    
Accrued acquisition liability 0 32,673
Accounts payable 21,089 22,262
Lease obligation 4,467 4,568
Accrued expenses and other liabilities 46,688 38,492
Total current liabilities 72,244 97,995
Revolving line of credit 11,900 0
Security bonus plan 10,578 11,262
Lease obligation 10,841 5,738
Deferred compensation 11,962 10,461
Deferred tax liability 1,671 2,841
Other liabilities 3,954 5,585
Total liabilities 123,150 133,882
Stockholders’ equity:    
Preferred stock, $1 par value: Authorized - 500,000 shares, issued and outstanding - None 0 0
Common stock, $1 par value: Authorized - 35,000,000 shares Issued – 9,363,093 and 9,287,625 shares, respectively Outstanding – 9,115,584 and 9,061,039 shares, respectively 9,363 9,288
Capital in excess of par value 22,118 19,841
Retained earnings 111,015 101,609
Treasury stock – 247,509 and 226,586 shares held, respectively (10,033) (9,015)
Accumulated other comprehensive income 544 699
Total stockholders’ equity 133,007 122,422
Total liabilities and stockholders’ equity $ 256,157 $ 256,304