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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 11,423 $ 15,905
Short-term Investments 9,183 9,152
Accounts receivable-trade, net of allowance for doubtful accounts of $16 at March 31, 2020 and December 31, 2019, respectively 339 409
Inventory 29,224 24,042
Income tax receivable 1,969 1,629
Prepaid expenses 1,160 1,082
Other current assets 146 297
Total current assets 53,444 52,516
Property and equipment, at cost 26,985 27,471
Less accumulated depreciation (14,730) (14,552)
Property and equipment, net 12,255 12,919
Operating lease assets 12,613 13,897
Deferred income taxes 691 427
Other intangibles, net of accumulated amortization of $547 at March 31, 2020 and December 31, 2019, respectively 7 7
Other assets 354 345
TOTAL ASSETS 79,364 80,111
CURRENT LIABILITIES:    
Accounts payable-trade 7,898 5,753
Accrued expenses and other liabilities 2,303 2,656
Operating lease liabilities 3,743 3,823
Total current liabilities 13,944 12,232
Deferred income taxes 296 296
Other non-current liabilities 509 509
Operating lease liabilities, non-current 10,052 10,655
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.10 par value; 20,000,000 shares authorized; none issued or outstanding; attributes to be determined on issuance 0 0
Common stock, $0.0024 par value; 25,000,000 shares authorized; 10,467,367 and 10,446,563 shares issued at March 31, 2020 and December 31, 2019, respectively 25 25
Paid-in capital 5,265 5,037
Retained earnings 60,473 62,211
Treasury stock at cost (1,424,376 shares at March 31, 2020 and December 31, 2019, respectively) (9,773) (9,773)
Accumulated other comprehensive loss (net of tax of $476 and $359 at March 31, 2020 and December 31, 2019, respectively) (1,427) (1,081)
Total stockholders' equity 54,563 56,419
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 79,364 $ 80,111