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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,534 $ 4,181
Restricted cash 200 198
Accounts receivable, less allowance for doubtful accounts of $830 and $798, respectively 54,940 47,031
Inventories, net 77,297 73,849
Miscellaneous receivables and prepaid expenses 7,954 7,517
Total current assets 145,925 132,776
Property, plant and equipment, less accumulated depreciation and amortization 19,165 18,828
Goodwill 35,510 35,313
Deferred income taxes 18,556 20,111
Intangible assets, net 15,613 16,165
Cash value of life insurance 18,025 18,573
Right of use assets 17,571 14,045
Other assets 348 346
Total assets 270,713 256,157
Current liabilities:    
Accounts payable 31,726 21,089
Lease obligation 4,855 4,467
Accrued expenses and other liabilities 34,516 46,688
Total current liabilities 71,097 72,244
Revolving line of credit 15,566 11,900
Security bonus plan 10,353 10,578
Deferred compensation 11,321 11,962
Lease obligation 13,908 10,841
Deferred tax liability 1,689 1,671
Other liabilities 4,047 3,954
Total liabilities 127,981 123,150
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 - 9,368,463 and 9,363,093 shares, respectively Outstanding - 9,120,167 and 9,115,584 shares, respectively 9,368 9,363
Capital in excess of par value 22,424 22,118
Retained earnings 120,001 111,015
Treasury stock – 248,296 and 247,509 shares, respectively (10,066) (10,033)
Accumulated other comprehensive income 1,005 544
Total stockholders’ equity 142,732 133,007
Total liabilities and stockholders’ equity $ 270,713 $ 256,157