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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 8,618 $ 7,926
Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,100 and $1,350 at March 31, 2021 and December 31, 2020 respectively 9,961 8,002
Inventories, net 6,736 6,930
Prepaid expenses and other current assets 1,110 1,163
Refundable income taxes 46 31
Total current assets 26,471 24,052
Property and equipment, net 20,744 21,048
Operating lease right-of-use asset 317 345
Intangible assets    
Goodwill and indefinite-lived intangibles 12,824 12,824
Other intangible assets, net 0 0
Total intangible assets 12,824 12,824
Other assets 1,800 1,800
Total assets 62,156 60,069
Current liabilities    
Accounts payable 5,289 5,592
Accrued expenses 2,587 2,196
Accrued income taxes 1,215 653
Total current liabilities 9,091 8,441
Line of credit 2,774 2,768
Operating lease liabilities 143 165
Deferred income taxes, net 1,764 1,764
Other long-term liabilities 160 77
Total liabilities 13,932 13,215
Commitments and contingencies
Stockholders' equity    
Preferred stock, no par value; 2,500 shares authorized; no shares issued or outstanding at March 31, 2021 and December 31, 2020 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,604 outstanding at March 31, 2021 and December 31, 2020 6,509 6,509
Paid-in-capital 2,664 2,600
Treasury stock, at cost (12,450) (12,450)
Retained earnings 51,501 50,195
Total stockholders' equity 48,224 46,854
Total liabilities and stockholders' equity $ 62,156 $ 60,069