XML 27 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 5,762 $ 6,600
Accounts receivable-net 35,911 30,077
Inventories-net 22,394 21,746
Other current assets 5,311 4,209
Total current assets 69,378 62,632
Property, plant and equipment – net 11,015 10,755
Deferred income taxes 13,887 13,809
Goodwill 11,051 11,051
Intangible assets – net 12,418 12,070
Other assets 4,391 4,307
Total Assets 122,140 114,624
Current liabilities:    
Current portion of long-term debt 199 195
Borrowings of line of credit 3,950 950
Accounts payable 17,537 14,332
Accrued salaries and benefits 5,396 6,275
Accrued expenses 3,784 3,926
Customer deposits and deferred service revenue 11,275 10,241
Total current liabilities 42,141 35,919
Long-term debt 133 185
Deferred service revenue 3,649 2,668
Other long-term liabilities 6,559 6,866
Total liabilities 52,482 45,638
Commitments and contingencies
Shareholders’ Equity:    
Preferred stock, $.02 par value, 1,000,000 shares authorized 0 0
Common stock, $.02 par value, 29,000,000 shares authorized; 17,686,224 and 17,677,161 shares issued, 15,978,115 and 15,969,052 outstanding at March 31, 2018 and December 31, 2017, respectively 354 354
Capital in excess of par value 48,530 48,349
Retained earnings 29,617 29,549
Accumulated other comprehensive loss (3,007) (3,430)
Treasury stock, at cost, 1,708,109 shares (5,836) (5,836)
Total shareholders’ equity 69,658 68,986
Total Liabilities and Shareholders’ Equity $ 122,140 $ 114,624