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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 28,353 $ 15,518
Trade receivables – net 48,010 45,585
Contract receivables 5,170 4,746
Other receivables 364 366
Inventories – net 77,576 76,731
Income tax receivable 0 150
Prepaid expenses 3,713 3,030
Total current assets 163,186 146,126
LEASED ASSETS 1,572 1,743
PROPERTY, PLANT & EQUIPMENT – net 33,750 27,423
IDENTIFIED INTANGIBLES – net 30,209 30,240
OTHER ASSETS 374 294
TOTAL ASSETS 229,091 205,826
CURRENT LIABILITIES:    
Accounts payable 20,090 15,776
Contract liabilities 5,582 4,746
Accrued expenses:    
Salaries and wages 4,463 3,044
Taxes - other 893 967
Accrued freight 911 867
Commissions 712 608
Accrued duty 4,270 3,824
Income tax payable 1,019 0
Other 2,043 1,702
Total current liabilities 39,983 31,534
LONG-TERM TAXES PAYABLE 169 169
LONG-TERM LEASE 944 1,158
DEFERRED INCOME TAXES 8,271 8,108
DEFERRED LIABILITIES 219 201
TOTAL LIABILITIES 49,586 41,170
SHAREHOLDERS' EQUITY:    
25,000,000 shares authorized; issued and outstanding December 31, 2020 - 7,247,631; December 31, 2019 - 7,354,970 65,971 67,993
Retained earnings 113,534 96,663
Total shareholders' equity 179,505 164,656
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 229,091 $ 205,826