Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 5,320	$ 4,641
Restricted cash	166	464
Trade accounts receivable, net of allowance for doubtful accounts of $683 and $490, respectively	19,903	34,270
Inventories	34,967	33,122
Due from insurance company	1,730	1,000
Deferred tax asset - current	161	208
Income taxes receivable	220	0
Prepaid expenses and other current assets	1,766	1,949
Total current assets	64,233	75,654
Property, plant and equipment, net	12,588	14,485
Other assets:
Goodwill	18,356	18,276
Intangible assets, net	5,533	6,150
Security deposits and other long-term assets	105	270
Total other assets	23,994	24,696
Total Assets	100,815	114,835
Current liabilities:
Current portion of debt and capital lease obligations	0	8,717
Accounts payable	13,766	16,338
Income taxes payable	11	54
Accrued compensation	1,394	1,701
Accrued vacation	784	681
Deferred revenue	1,786	2,887
Deferred tax liability - current	187	0
Other current liabilities	5,230	5,967
Total current liabilities	23,158	36,345
Long-term liabilities:
Debt and capital lease obligations	0	251
Deferred tax liability - long-term	4,170	3,906
Other long-term liabilities	261	538
Total long-term liabilities	4,431	4,695
Commitments and contingencies (Note 6)
Ultralife equity:
Preferred stock, par value $0.10 per share, authorized 1,000,000 shares; none issued and outstanding
Common stock, par value $0.10 per share, authorized 40,000,000 shares; issued - 18,716,921 and 18,639,683, respectively	1,874	1,865
Capital in excess of par value	172,309	171,020
Accumulated other comprehensive income (loss)	(985)	(1,262)
Accumulated deficit	(92,280)	(90,200)
Total equity	80,918	81,423
Less -Treasury stock, at cost - 1,372,757 and 1,371,900 shares outstanding, respectively	7,658	7,652
Total Ultralife equity	73,260	73,771
Noncontrolling interest	(34)	24
Total shareholders' equity	73,226	73,795
Total Liabilities and Shareholders' Equity	$ 100,815	$ 114,835

It includes the amount of an asset, typically cash, provided to a counterparty to provide certain assurance of performance by the entity pursuant to the terms of a written or oral agreement, such as a lease and the aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).

No definition available.