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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,307 $ 4,843
Accounts receivable, less allowance of $1,013 in 2022 and $1,007 in 2021 34,605 34,221
Inventories 60,716 53,552
Prepaid expenses and other current assets 3,810 2,635
Total current assets 104,438 95,251
Property, plant and equipment:    
Land 1,759 1,761
Buildings 13,516 13,456
Machinery and equipment 30,221 29,760
Total property, plant and equipment 45,496 44,977
Less: accumulated depreciation 21,609 20,950
Net property, plant and equipment 23,887 24,027
Operating lease right-of-use asset, net 3,064 3,130
Goodwill 4,800 4,800
Intangible assets, less accumulated amortization 16,888 17,231
Total assets 153,077 144,439
Current liabilities:    
Accounts payable 10,939 8,977
Operating lease liability - current portion 1,112 1,000
Current portion of mortgage payable 389 389
Other accrued liabilities 8,937 9,909
Total current liabilities 21,377 20,275
Long-term debt 40,151 33,037
Mortgage payable, net of current portion 10,989 11,081
Operating lease liability - non-current portion 2,187 2,365
Other non-current liabilities 600 599
Total liabilities 75,304 67,357
Commitments and Contingencies (see note 2)
STOCKHOLDERS' EQUITY    
Common stock, par value $2.50: authorized 8,000,000 shares; 5,065,518 shares issued and 3,520,646 shares outstanding in 2022 and 2021 12,655 12,655
Additional paid-in capital 12,222 11,930
Retained earnings 70,245 69,873
Treasury stock, at cost - 1,544,872 shares in 2022 and 2021 (15,996) (15,996)
Accumulated other comprehensive loss:    
Translation adjustment (1,353) (1,380)
Total stockholders’ equity 77,773 77,082
Total liabilities and stockholders’ equity $ 153,077 $ 144,439