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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 58,661 $ 3,485
Accounts receivable – net 25,886 26,219
Inventories – net 20,433 22,737
Asset held for sale 2,477 0
Other current assets 6,657 3,251
Total current assets 114,114 55,692
Property, plant and equipment – net 13,641 12,575
Goodwill 11,051 11,051
Intangible assets – net 8,555 10,859
Operating lease right-of-use assets 3,323  
Other assets 4,388 4,504
Total Assets 155,072 94,681
Current liabilities:    
Borrowings on line of credit 0 7,819
Accounts payable 10,434 12,644
Accrued salaries and benefits 5,700 5,940
Accrued expenses 2,257 2,113
Operating lease liabilities - current portion 1,206  
Customer deposits and deferred service revenue 10,736 9,851
Other current liabilities 0 2,550
Total current liabilities 30,333 40,917
Operating lease liabilities - net of current portion 2,153  
Deferred service revenue 4,343 4,407
Long-term debt 59,255 0
Other long-term liabilities 3,201 3,411
Total liabilities 99,285 48,735
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; 18,005,285 and 17,879,761 shares issued, 16,297,176 and 16,171,652 outstanding at June 30, 2019 and December 31, 2018, respectively 360 357
Capital in excess of par value 63,806 50,251
Retained earnings 1,589 5,427
Accumulated other comprehensive loss (4,132) (4,253)
Treasury stock, at cost, 1,708,109 shares (5,836) (5,836)
Total shareholders’ equity 55,787 45,946
Total Liabilities and Shareholders’ Equity $ 155,072 $ 94,681