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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 44,895 $ 53,207
Accounts receivable, net 158,071 144,689
Contract assets 26,001 25,572
Inventories, net 149,966 144,350
Prepaid expenses and other current assets 10,024 11,638
Income tax receivable 2,255 997
Total current assets 391,212 380,453
Property, plant and equipment, net 94,036 95,840
Goodwill 48,448 48,485
Intangible assets, net 23,237 24,370
Operating lease right-of-use assets 21,315  
Deferred income taxes 1,741 1,833
Other assets 2,366 4,615
Total assets 582,355 555,596
Current liabilities:    
Accounts payable 107,715 107,282
Line of credit 106,500 101,500
Accrued compensation 33,864 33,965
Accrued sales discounts, rebates and royalties 7,813 9,574
Accrued income taxes 1,881 3,524
Other accrued liabilities 31,669 24,011
Total current liabilities 289,442 279,856
Long-term liabilities:    
Operating lease obligations 17,520  
Contingent consideration 4,846 8,435
Deferred income taxes 3,722 930
Income tax payable 1,640 1,647
Other long-term liabilities 13 1,768
Total liabilities 317,183 292,636
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized; 24,018,606 and 23,932,703 shares issued on March 31, 2019 and December 31, 2018, respectively 240 239
Paid-in capital 278,801 276,103
Treasury stock, at cost, 10,159,205 and 10,116,459 shares on March 31, 2019 and December 31, 2018, respectively (277,104) (275,889)
Accumulated other comprehensive income (loss) (18,548) (20,281)
Retained earnings 281,783 282,788
Total stockholders' equity 265,172 262,960
Total liabilities and stockholders' equity $ 582,355 $ 555,596