XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash [1] $ 6,816 $ 25,934
Trade accounts receivable, net of allowance for doubtful accounts of $328 and $296, respectively 25,119 16,015 [1]
Inventories, net 34,315 22,843 [1]
Prepaid expenses and other current assets 2,374 2,368 [1]
Total current assets 68,624 67,160 [1]
Property, equipment and improvements, net 22,078 10,744 [1]
Goodwill 26,574 20,109 [1]
Other intangible assets, net 9,932 6,504 [1]
Deferred income taxes, net 13,746 15,444 [1]
Other noncurrent assets 784 887 [1]
Total Assets 141,738 120,848 [1]
Current Liabilities:    
Accounts payable 14,179 9,919 [1]
Current portion of long-term debt 1,291 [1]
Accrued compensation and related benefits 1,526 1,494 [1]
Accrued expenses and other current liabilities 3,289 3,973 [1]
Total current liabilities 20,285 15,386 [1]
Long-term debt 14,491 [1]
Deferred income taxes 534 591 [1]
Other noncurrent liabilities 377 408 [1]
Total liabilities 35,687 16,385 [1]
Commitments and contingencies (Note 10) [1]
Shareholders' equity:    
Preferred stock – par value $.10 per share; authorized 1,000,000 shares; none issued [1]
Common stock - par value $.10 per share; authorized 40,000,000 shares; issued - 20,163,756 shares at June 30, 2019 and 20,053,335 shares at December 31, 2018; outstanding - 15,762,574 shares at June 30, 2019 and 15,920,585 shares at December 31, 2018 2,016 2,005 [1]
Capital in excess of par value 183,457 182,630 [1]
Accumulated deficit (55,354) (58,035) [1]
Accumulated other comprehensive loss (2,803) (2,786) [1]
Treasury stock - at cost; 4,401,182 shares at June 30, 2019 and 4,132,750 shares at December 31, 2018 (21,231) (19,266) [1]
Total Ultralife Corporation equity 106,085 104,548 [1]
Non-controlling interest (34) (85) [1]
Total shareholders’ equity 106,051 104,463 [1],[2]
Total liabilities and shareholders' equity $ 141,738 $ 120,848 [1]
[1] 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.
[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.