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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,443 $ 4,796
Accounts receivable, less allowance of $678 in 2024 and $567 in 2023 32,966 26,234
Inventories 56,887 55,470
Prepaid expenses and other current assets 5,357 4,773
Restricted cash 750 750
Total current assets 98,403 92,023
Property, plant and equipment:    
Land 2,387 2,387
Buildings 17,677 17,502
Machinery and equipment 35,846 34,705
Total property, plant and equipment 55,910 54,594
Less: accumulated depreciation 27,047 26,568
Net property, plant and equipment 28,863 28,026
Operating lease right-of-use asset, net 5,530 2,002
Goodwill 8,189 8,189
Intangible assets, less accumulated amortization 18,396 19,001
Total assets 159,381 149,241
Current liabilities:    
Accounts payable 7,907 12,102
Operating lease liability - current portion 1,577 1,099
Current portion of mortgage payable 424 419
Other current liabilities 11,930 12,393
Total current liabilities 21,838 26,013
Long-term debt 23,294 13,105
Mortgage payable, net of current portion 10,179 10,284
Operating lease liability - non-current portion 4,063 1,026
Deferred income taxes 899 899
Other non-current liabilities 16 16
Total liabilities 60,289 51,343
Commitments and contingencies (see note 2)
STOCKHOLDERS' EQUITY    
Common stock, par value $2.50: authorized 8,000,000 shares; 5,206,752 shares issued and 3,661,880 shares outstanding in 2024 and 5,190,072 shares issued and 3,645,200 shares outstanding in 2023 13,008 12,966
Additional paid-in capital 16,317 15,918
Retained earnings 87,791 86,716
Treasury stock, at cost - 1,544,872 shares in 2024 and 2023 (15,996) (15,996)
Accumulated other comprehensive loss:    
Translation adjustment (2,028) (1,706)
Total stockholders’ equity 99,092 97,898
Total liabilities and stockholders’ equity $ 159,381 $ 149,241