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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 4,619 $ 3,836
Accounts receivable, net of allowance for doubtful accounts and discounts and allowances of $1,300 and $1,100 at June 30, 2020 and December 31, 2019 respectively 7,737 6,692
Inventories, net 6,653 6,392
Prepaid expenses and other current assets 1,086 1,598
Refundable income taxes 615 681
Total current assets 20,710 19,199
Property, plant and equipment, net 21,394 22,274
Operating lease right-of-use asset 431 738
Intangible assets    
Goodwill and indefinite-lived intangibles 12,824 12,824
Other intangible assets, net 74 152
Total intangible assets 12,898 12,976
Other assets 1,800 1,800
Total assets 57,233 56,987
Current liabilities    
Accounts payable 5,108 5,282
Accrued expenses 3,066 4,087
Line of credit - current 2,757 0
Accrued income taxes 92 154
Total current liabilities 11,023 9,523
Line of credit 0 2,745
Operating lease liabilities 239 488
Deferred income taxes, net 1,292 922
Other long-term liabilities 42 58
Total liabilities 12,596 13,736
Commitments and contingencies
Stockholders' equity    
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,592 and 15,710 outstanding at June 30, 2020 and December 31, 2019, respectively 6,509 6,509
Paid-in-capital 2,587 2,380
Treasury stock, at cost (12,548) (12,601)
Retained earnings 48,089 46,963
Total stockholders' equity 44,637 43,251
Total liabilities and stockholders' equity $ 57,233 $ 56,987