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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 10,412 $ 7,926
Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,190 and $1,350 at June 30, 2021 and December 31, 2020 respectively 9,157 8,002
Inventories, net 7,291 6,930
Prepaid expenses and other current assets 908 1,163
Refundable income taxes 354 31
Total current assets 28,122 24,052
Property, plant and equipment, net 20,671 21,048
Operating lease right-of-use asset 226 345
Intangible assets    
Goodwill and indefinite-lived intangibles 12,824 12,824
Other intangible assets, net 0 0
Total intangible assets 12,824 12,824
Other assets 1,800 1,800
Total assets 63,643 60,069
Current liabilities    
Accounts payable 5,285 5,592
Accrued expenses 3,587 2,196
Accrued income taxes 106 653
Total current liabilities 8,978 8,441
Line of credit 2,777 2,768
Operating lease liabilities 107 165
Deferred income taxes, net 1,764 1,764
Other long-term liabilities 12 77
Total liabilities 13,638 13,215
Commitments and contingencies
Stockholders' equity    
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at June 30, 2021 and December 31, 2020 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,650 and 15,604 outstanding at June 30, 2021 and December 31, 2020, respectively 6,509 6,509
Paid-in capital 2,488 2,600
Treasury stock, at cost (12,111) (12,450)
Retained earnings 53,119 50,195
Total stockholders' equity 50,005 46,854
Total liabilities and stockholders' equity $ 63,643 $ 60,069