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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,218 $ 4,843
Accounts receivable, less allowance of $938 in 2022 and $1,007 in 2021 40,149 34,221
Inventories 66,210 53,552
Prepaid expenses and other current assets 3,989 2,635
Restricted cash 750  
Total current assets 115,316 95,251
Property, plant and equipment:    
Land 1,969 1,761
Buildings 16,282 13,456
Machinery and equipment 30,514 29,760
Total property, plant and equipment 48,765 44,977
Less: accumulated depreciation 22,723 20,950
Net property, plant and equipment 26,042 24,027
Operating lease right-of-use asset, net 2,891 3,130
Goodwill 8,189 4,800
Intangible assets, less accumulated amortization 21,296 17,231
Other assets - restricted cash 750  
Total assets 174,484 144,439
Current liabilities:    
Accounts payable 11,771 8,977
Operating lease liability - current portion 1,142 1,000
Current portion of mortgage payable 389 389
Other current liabilities 11,138 9,909
Total current liabilities 24,440 20,275
Long-term debt 57,131 33,037
Mortgage payable, net of current portion 10,803 11,081
Operating lease liability - non-current portion 1,949 2,365
Other non-current liabilities 1,180 599
Total liabilities 95,503 67,357
Commitments and Contingencies (see note 2)
STOCKHOLDERS' EQUITY    
Common stock, par value $2.50: authorized 8,000,000 shares; 5,079,601 shares issued and 3,534,729 shares outstanding in 2022 and 5,065,518 shares issued and 3,520,646 shares outstanding in 2021 12,690 12,655
Additional paid-in capital 13,058 11,930
Retained earnings 72,060 69,873
Treasury stock, at cost - 1,544,872 shares in 2022 and 2021 (15,996) (15,996)
Accumulated other comprehensive loss:    
Translation adjustment (2,831) (1,380)
Total stockholders’ equity 78,981 77,082
Total liabilities and stockholders’ equity $ 174,484 $ 144,439