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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,485 $ 6,600
Accounts receivable-net 26,219 30,077
Inventories-net 22,737 21,746
Other current assets 3,251 4,209
Total current assets 55,692 62,632
Property, plant and equipment - net 12,575 10,755
Deferred income taxes 0 13,809
Goodwill 11,051 11,051
Intangible assets - net 10,859 12,070
Other assets 4,504 4,307
Total Assets 94,681 114,624
Current liabilities:    
Current portion of long-term debt 0 195
Borrowings on line of credit 7,819 950
Accounts payable 12,644 14,332
Accrued salaries and benefits 5,940 6,275
Accrued expenses 2,113 3,926
Customer deposits and deferred service revenue 9,851 10,241
Other current liabilities 2,550 0
Total current liabilities 40,917 35,919
Long-term debt 0 185
Deferred service revenue 4,407 2,668
Other long-term liabilities 3,411 6,866
Total liabilities 48,735 45,638
Shareholders’ Equity:    
Preferred stock, $.02 par value, 1,000,000 shares authorized 0 0
Common stock, $.02 par value, 29,000,000 shares authorized; 17,879,761 and 17,677,161 shares issued, 16,171,652 and 15,969,052 outstanding at December 31, 2018 and December 31, 2017, respectively 357 354
Capital in excess of par value 50,251 48,349
Retained earnings 5,427 29,549
Accumulated other comprehensive loss (4,253) (3,430)
Treasury stock, at cost, 1,708,109 shares (5,836) (5,836)
Total shareholders’ equity 45,946 68,986
Total Liabilities and Shareholders’ Equity $ 94,681 $ 114,624