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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 5,025 $ 3,084
Receivables (less allowance for doubtful accounts at December 31, 2018 and 2017 - $24 38,797 34,347
Inventory 108,769 93,149
Prepaid expenses 1,320 2,182
Refundable income taxes 712 1,980
Total current assets 154,623 134,742
Property, plant, and equipment, net 120,788 103,051
Other assets 2,481 2,535
Total assets 277,892 240,328
Current Liabilities    
Current maturities of long-term debt 386 372
Accounts payable 25,363 30,037
Accrued expenses 11,714 11,171
Total current liabilities 37,463 41,580
Long-term debt, less current maturities 21,040 21,407
Credit agreement - revolver 10,588 2,775
Deferred credits 1,565 2,151
Accrued retirement, health, and life insurance benefits 2,595 3,133
Other noncurrent liabilities 1,523 540
Deferred income taxes 1,677 12
Total liabilities 76,451 71,598
Commitments and Contingencies – Note 8
Capital stock    
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares 4 4
Common stock    
No par value; authorized 40,000,000 shares; issued 18,115,965 shares at December 31, 2018 and 2017; 16,856,414 and 16,797,420 shares outstanding at December 31, 2018 and 2017, respectively 6,715 6,715
Additional paid-in capital 15,375 13,912
Retained earnings 198,914 167,129
Accumulated other comprehensive loss (164) (311)
Treasury stock, at cost, 1,259,551 and 1,318,545 shares at December 31, 2018 and 2017, respectively (19,403) (18,719)
Total stockholders’ equity 201,441 168,730
Total liabilities and stockholders’ equity $ 277,892 $ 240,328