XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 7,191 $ 3,546
Accounts receivable, net 6,486 7,017
Inventories, net 4,438 5,714
Prepaid expenses and other 336 396
Deferred income taxes 710 645
Total current assets 19,161 17,318
Property, plant and equipment, net 7,266 7,308
Intangibles, net 9,819 11,484
Goodwill 14,450 14,450
Total assets 50,696 50,560
Current liabilities:    
Accounts payable 573 723
Accrued salaries and payroll taxes 2,134 2,332
Debt, current portion   5,000
Due to Apex Laboratories, Inc.   600
Other accrued expenses 504 376
Income taxes payable 1,051 900
Total current liabilities 4,262 9,931
Deferred income taxes 2,519 2,712
Long-term debt   1,500
Total liabilities 6,781 14,143
Commitments      
Stockholders' equity:    
Preferred stock, no par value      
Common stock, no par value; authorized 8,000,000 shares; issued and outstanding, 3,321,965 shares (March 31, 2012) and 3,250,736 shares (March 31, 2011) 6,699 5,505
Employee loans to purchase stock (396) (437)
Retained earnings 37,612 31,349
Total stockholders' equity 43,915 36,417
Total liabilities and stockholders' equity $ 50,696 $ 50,560