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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 7,616 $ 3,836
Accounts receivable, net of allowance for doubtful accounts and discounts and allowances of $1,410 and $1,100 at September 30, 2020 and December 31, 2019, respectively 8,159 6,692
Inventories, net 6,472 6,392
Prepaid expenses and other current assets 1,339 1,598
Refundable income taxes 189 681
Total current assets 23,775 19,199
Property, plant and equipment, net 21,082 22,274
Operating lease right-of-use asset 380 738
Intangible assets    
Goodwill and indefinite-lived intangibles 12,824 12,824
Other intangible assets, net 35 152
Total intangible assets 12,859 12,976
Other assets 1,800 1,800
Total assets 59,896 56,987
Current liabilities    
Accounts payable 6,036 5,282
Accrued expenses 2,890 4,087
Accrued income taxes 176 154
Total current liabilities 9,102 9,523
Line of credit 2,763 2,745
Operating lease liabilities 198 488
Deferred income taxes, net 1,292 922
Other long-term liabilities 35 58
Total liabilities 13,390 13,736
Commitments and contingencies
Stockholders' equity    
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at September 30, 2020 and December 31, 2019 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,605 and 15,710 outstanding at September 30, 2020 and December 31, 2019, respectively 6,509 6,509
Paid-in-capital 2,532 2,380
Treasury stock, at cost (12,450) (12,601)
Retained earnings 49,915 46,963
Total stockholders' equity 46,506 43,251
Total liabilities and stockholders' equity $ 59,896 $ 56,987