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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 10,018 $ 7,926
Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,290 and $1,350 at September 30, 2021 and December 31, 2020 respectively 9,828 8,002
Inventories, net 7,572 6,930
Prepaid expenses and other current assets 1,315 1,163
Refundable income taxes 415 31
Total current assets 29,148 24,052
Property, plant and equipment, net 20,546 21,048
Operating lease right-of-use asset 255 345
Intangible assets    
Goodwill and indefinite-lived intangibles 14,224 12,824
Other intangible assets, net 4,367 0
Total intangible assets 18,591 12,824
Other assets 1,800 1,800
Total assets 70,340 60,069
Current liabilities    
Current portion of note payable 1,000 0
Accounts payable 7,867 5,592
Accrued expenses 3,872 2,196
Accrued income taxes 100 653
Total current liabilities 12,839 8,441
Line of credit 2,777 2,768
Note payable 3,726 0
Operating lease liabilities 113 165
Deferred income taxes, net 1,764 1,764
Other long-term liabilities 62 77
Total liabilities 21,281 13,215
Commitments and contingencies
Stockholders' equity    
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at September 30, 2021 and December 31, 2020 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,435 and 15,604 outstanding at September 30, 2021 and December 31, 2020, respectively 6,509 6,509
Paid-in capital 2,387 2,600
Treasury stock, at cost (13,436) (12,450)
Retained earnings 53,599 50,195
Total stockholders' equity 49,059 46,854
Total liabilities and stockholders' equity $ 70,340 $ 60,069