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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 7,460 $ 28,393
Restricted cash 197 998
Accounts receivable, less allowance for doubtful accounts of $771 and $654, respectively 50,779 44,515
Inventories, net 67,452 61,867
Miscellaneous receivables and prepaid expenses 8,629 7,289
Total current assets 134,517 143,062
Property, plant and equipment, net 17,794 15,800
Goodwill 35,253 35,176
Deferred income taxes 18,877 18,482
Intangible assets, net 16,796 18,503
Cash value of life insurance 18,240 16,185
Right of use assets 12,702 8,764
Other assets 318 332
Total assets 254,497 256,304
Current liabilities:    
Accrued acquisition liability 0 32,673
Accounts payable 25,585 22,262
Lease obligation 4,348 4,568
Accrued expenses and other liabilities 39,083 38,492
Total current liabilities 69,016 97,995
Revolving line of credit 10,900 0
Security bonus plan 10,853 11,262
Deferred compensation 11,821 10,461
Lease obligation 9,744 5,738
Deferred tax liability 2,945 2,841
Other liabilities 4,862 5,585
Total liabilities 120,141 133,882
Stockholders’ equity:    
Preferred Stock, $1 par value: Authorized - 500,000 shares, Issued and outstanding — None 0 0
Common Stock, $1 par value: Authorized - 35,000,000 shares Issued - 9,305,566 and 9,287,625 shares, respectively Outstanding - 9,078,347 and 9,061,039 shares, respectively 9,306 9,288
Capital in excess of par value 21,546 19,841
Retained earnings 111,796 101,609
Treasury stock – 227,219 and 226,586 shares, respectively (9,048) (9,015)
Accumulated other comprehensive income 756 699
Total stockholders’ equity 134,356 122,422
Total liabilities and stockholders’ equity $ 254,497 $ 256,304