XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and temporary investments $ 40,544 $ 42,864
Accounts receivable, net of allowance for doubtful accounts of $1,765 and $1,714 at March 31, 2014 and December 31, 2013, respectively 82,005 80,821
Inventories 56,659 54,172
Prepaid expenses 3,766 2,190
Current deferred income taxes 4,069 3,888
Total current assets 187,043 183,935
PROPERTY, PLANT, AND EQUIPMENT, net 30,097 30,834
GOODWILL 11,619 11,619
OTHER ASSETS 256 281
TOTAL ASSETS 229,015 226,669
CURRENT LIABILITIES:    
Accounts payable 47,696 47,388
Accrued liabilities 15,924 15,726
Total current liabilities 63,620 63,114
DEFERRED INCOME TAX LIABILITIES 1,842 1,842
COMMITMENTS AND CONTINGENCIES (Notes 6 and 8)      
SHAREHOLDERS' EQUITY:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, none issued or outstanding      
Common stock, $.01 par value; 100,000,000 shares authorized, 11,300,030 and 11,265,679 outstanding at March 31, 2014 and December 31, 2013, respectively 113 113
Additional paid-in capital 149,898 149,608
Retained earnings 12,369 11,696
Accumulated other comprehensive income (loss) 1,173 814
Total Miller Industries, Inc. shareholders' equity 163,553 162,231
Noncontrolling interests   (518)
Total Shareholders' equity 163,553 161,713
Total Liabilities And Shareholders' Equity $ 229,015 $ 226,669