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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
CURRENT ASSETS:      
Cash and cash equivalents $ 8,892 $ 28,353 $ 44,247
Trade receivables – net 84,050 48,010 33,277
Contract receivables 2,171 5,170 2,551
Other receivables 231 364 532
Inventories – net 125,133 77,576 77,214
Prepaid expenses 4,116 3,713 3,522
Total current assets 224,593 163,186 161,343
LEASED ASSETS 1,696 1,572 1,588
PROPERTY, PLANT & EQUIPMENT – net 51,150 33,750 28,434
IDENTIFIED INTANGIBLES – net 170,930 30,209 30,232
OTHER ASSETS 715 374 333
TOTAL ASSETS 449,084 229,091 221,930
CURRENT LIABILITIES:      
Accounts payable 45,077 20,090 17,933
Contract liabilities 2,927 5,582 2,551
Current Portion of Long-Term Debt 3,250 0 0
Accrued expenses:      
Salaries and wages 3,005 4,463 1,204
Taxes - other 618 893 588
Accrued freight 1,479 911 282
Commissions 1,185 712 362
Accrued duty 6,953 4,270 4,041
Income tax payable 2,357 1,019 0
Other 5,343 2,043 1,430
Total current liabilities 72,194 39,983 28,391
Long-term debt 183,019 0 20,000
LONG-TERM TAXES PAYABLE 169 169 169
LONG-TERM LEASE 1,178 944 1,031
DEFERRED INCOME TAXES 8,271 8,271 8,108
DEFERRED LIABILITIES 386 219 215
TOTAL LIABILITIES 265,217 49,586 57,914
SHAREHOLDERS' EQUITY:      
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding March 31, 2021 - 7,280,711; December 31, 2020 - 7,247,631; March 31, 2020 - 7,309,121 66,856 65,971 67,195
Retained earnings 117,011 113,534 96,821
Total shareholders' equity 183,867 179,505 164,016
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 449,084 $ 229,091 $ 221,930