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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 3,857 $ 4,167
Accounts receivable, less allowance of $1,179 in 2021 and $1,152 in 2020 31,592 27,173
Inventories 49,389 50,704
Prepaid expenses and other current assets 2,477 1,641
Total current assets 87,315 83,685
Property, plant and equipment:    
Land 1,766 1,770
Buildings 13,494 12,899
Machinery and equipment 25,571 24,524
Total property, plant and equipment 40,831 39,193
Less: accumulated depreciation 19,693 18,954
Net property, plant and equipment 21,138 20,239
Operating lease right-of-use asset, net 3,700 2,422
Goodwill 4,800 4,800
Intangible assets, less accumulated amortization 18,361 18,721
Total assets 135,314 129,868
Current liabilities:    
Accounts payable 8,151 7,601
Operating lease liability - current portion 932 873
Current portion of mortgage payable 267 267
Other accrued liabilities 11,323 11,460
Total current liabilities 20,673 20,201
Long-term debt 40,626 38,767
Mortgage payable, net of current portion 2,844 2,911
Operating lease liability - non-current portion 2,926 1,654
Other non-current liabilities 110 110
Total liabilities 70,687 67,151
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 12,145 12,101
Additional paid-in capital 8,375 7,931
Retained earnings 59,643 58,033
Treasury stock, at cost - 1,501,658 shares in 2021 and 1,501,658 in 2020 (14,522) (14,522)
Accumulated other comprehensive loss:    
Translation adjustment (1,014) (826)
Total stockholders’ equity 64,627 62,717
Total liabilities and stockholders’ equity 135,314 129,868
PPP Loan    
Current liabilities:    
Long-term debt $ 3,508 $ 3,508