XML 72 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 28,036 $ 3,485
Accounts receivable-net 41,774 26,219
Inventories-net 19,326 22,737
Other current assets 4,427 3,251
Total current assets 93,563 55,692
Property, plant and equipment - net 14,351 12,575
Goodwill 41,386 11,051
Intangible assets - net 32,948 10,859
Lease right-of-use assets 3,017  
Other assets 4,347 4,504
Total Assets 189,612 94,681
Current liabilities:    
Current portion of long-term debt 630 0
Borrowings on line of credit 0 7,819
Accounts payable 16,385 12,644
Accrued salaries and benefits 7,769 5,940
Accrued expenses 3,176 2,113
Lease liability current portion 2,060  
Customer deposits and deferred service revenue 12,084 9,851
Other current liabilities 0 2,550
Total current liabilities 42,104 40,917
Lease liabilities - net of current portion 1,021  
Long-term debt 62,414 0
Deferred revenue – noncurrent 3,916 4,407
Other long-term liabilities 7,310 3,411
Total liabilities 116,765 48,735
Shareholders’ Equity:    
Preferred stock, $.02 par value, 1,000,000 shares authorized, none outstanding 0 0
Common stock, $.02 par value, 29,000,000 shares authorized; 18,360,205 and 17,879,761 shares issued, 16,629,177 and 16,171,652 outstanding at December 31, 2019 and December 31, 2018, respectively 367 357
Capital in excess of par value 94,372 50,251
(Accumulated deficit) retained earnings (10,144) 5,427
Accumulated other comprehensive loss (5,368) (4,253)
Treasury stock, at cost, 1,731,028 and 1,708,109 shares at December 31, 2019 and December 31, 2018, respectively (6,380) (5,836)
Total shareholders’ equity 72,847 45,946
Total Liabilities and Shareholders’ Equity $ 189,612 $ 94,681