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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 3,240 $ 4,167
Accounts receivable, less allowance of $1,104 in 2021 and $1,152 in 2020 36,270 27,173
Inventories 48,691 50,704
Prepaid expenses and other current assets 2,234 1,642
Total current assets 90,435 83,686
Property, plant and equipment:    
Land 1,768 1,770
Buildings 13,518 12,899
Machinery and equipment 27,455 24,524
Total property, plant and equipment 42,741 39,193
Less: accumulated depreciation 20,332 18,954
Net property, plant and equipment 22,409 20,239
Operating lease right-of-use asset, net 3,476 2,422
Goodwill 4,800 4,800
Intangible assets, less accumulated amortization 18,019 18,721
Total assets 139,139 129,868
Current liabilities:    
Accounts payable 8,021 7,601
Operating lease liability - current portion 919 873
Current portion of mortgage payable 267 267
Other accrued liabilities 10,278 11,460
Total current liabilities 19,485 20,201
Long-term debt 39,550 38,767
Mortgage payable, net of current portion 2,778 2,911
Operating lease liability - non-current portion 2,764 1,654
Other non-current liabilities 110 110
Total liabilities 64,687 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 12,576 12,101
Additional paid-in capital 10,829 7,931
Retained earnings 66,415 58,033
Treasury stock, at cost - 1,501,658 shares in 2021 and 2020 (14,522) (14,522)
Accumulated other comprehensive loss:    
Translation adjustment (846) (826)
Total stockholders’ equity 74,452 62,717
Total liabilities and stockholders’ equity $ 139,139 129,868
PPP Loan    
Current liabilities:    
Long-term debt   $ 3,508