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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,031 $ 6,822
Accounts receivable, less allowance of $1,428 in 2020 and $523 in 2019 32,154 25,485
Inventories 48,351 39,261
Prepaid expenses and other current assets 2,142 1,578
Total current assets 85,678 73,146
Property, plant and equipment:    
Land 1,426 1,420
Buildings 11,142 10,096
Machinery and equipment 20,117 19,112
Total property, plant and equipment 32,685 30,628
Less: accumulated depreciation 18,344 16,592
Net property, plant and equipment 14,341 14,036
Operating lease right-of-use asset, net 2,190 2,989
Goodwill 4,696 4,696
Intangible assets, less accumulated amortization 16,072 15,793
Other assets 40 89
Total assets 123,017 110,749
Current liabilities:    
Accounts payable 9,251 6,693
Operating lease liability - current portion 847 1,047
Current portion of mortgage payable 267 267
Other accrued liabilities 13,376 8,576
Total current liabilities 23,741 16,583
Long-term debt 30,703 33,240
Mortgage payable, net of current portion 2,978 3,178
Operating lease liability - non-current portion 1,422 1,961
Other non-current liabilities 69 83
Total liabilities 62,421 55,045
Commitments and Contingencies (see note 2)
STOCKHOLDERS' EQUITY    
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,840,571 shares in 2020 and 2019, including treasury stock 12,101 12,094
Additional paid-in capital 8,438 8,262
Retained earnings 56,425 51,571
Treasury stock, at cost - 1,501,658 shares in 2020 and 1,487,238 in 2019 (14,522) (14,235)
Accumulated other comprehensive loss:    
Minimum pension liability (522) (522)
Translation adjustment (1,324) (1,466)
Total accumulated other comprehensive loss (1,846) (1,988)
Total stockholders’ equity 60,596 55,704
Total liabilities and stockholders’ equity 123,017 $ 110,749
PPP Loan    
Current liabilities:    
Long-term debt $ 3,508