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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
 [1]
Current assets:    
Cash $ 21,240 $ 25,934
Trade Accounts Receivable, Net of Allowance for Doubtful Accounts of $302 and $296, Respectively 13,938 16,015
Inventories, Net 27,906 22,843
Prepaid expenses and other current assets 2,397 2,368
Total Current Assets 65,481 67,160
Property, Equipment and Improvements, Net 12,398 10,744
Goodwill 20,251 20,109
Other Intangible Assets, Net 6,484 6,504
Deferred Income Taxes, Net 15,421 15,444
Other noncurrent assets 916 887
Total Assets 120,951 120,848
Current Liabilities:    
Accounts Payable 11,307 9,919
Accrued Compensation and Related Benefits 1,364 1,494
Accrued Expenses and Other Current Liabilities 3,325 3,973
Total Current Liabilities 15,996 15,386
Deferred Income Taxes 564 591
Other noncurrent liabilities 468 408
Total Liabilities 17,028 16,385
Commitments and Contingencies (Note 10)
Shareholders' Equity:    
Preferred Stock – Par Value $.10 Per Share; Authorized 1,000,000 Shares; None Issued
Common Stock – Par Value $.10 Per Share; Authorized 40,000,000 Shares; Issued – 20,134,596 Shares at March 31, 2019 and 20,053,335 Shares at December 31, 2018; Outstanding – 15,733,414 Shares at March 31, 2019 and 15,920,585 at December 31, 2018 2,013 2,005
Capital in Excess of Par Value 183,163 182,630
Accumulated deficit (57,610) (58,035)
Accumulated Other Comprehensive Loss (2,351) (2,786)
Treasury Stock - At Cost; 4,401,182 at March 31, 2019 and 4,132,750 Shares at December 31, 2018 (21,231) (19,266)
Total Ultralife Corporation Equity 103,984 104,548
Non-Controlling Interest (61) (85)
Total Shareholders’ Equity 103,923 104,463 [2]
Total Liabilities and Shareholders' Equity $ 120,951 $ 120,848
[1] Effective January 1, 2019, the Company adopted Accounting Standards Codification Topic 842 (ASC 842), Leases. Shareholders’ equity as of December 31, 2018 has been adjusted for the effects of the new standard. See Note 1 for further information.
[2] Effective January 1, 2019, the Company adopted Accounting Standards Codification Topic 842 (ASC 842), Leases. Prior period balances have been adjusted for the effects of the new standard. See Note 1 for further information.