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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 9,233 $ 7,926
Accounts receivable, net of allowance for doubtful accounts and discounts & allowances of $1,170 and $1,350 at December 31, 2021 and 2020, respectively 9,930 8,002
Inventories, net 8,285 6,930
Prepaid expenses and other current assets 1,254 1,163
Refundable income taxes 344 31
Total current assets 29,046 24,052
Property, plant and equipment, net 20,130 21,048
Operating lease right-of use asset 216 345
Intangible assets    
Goodwill and indefinite-lived intangibles 15,404 14,004
Other intangible assets, net 4,278 0
Total intangible assets 19,682 14,004
Other Assets 1,800 1,800
Total assets 70,874 61,249
Current liabilities    
Current portion of note payable 1,000 0
Accounts payable 6,614 5,592
Accrued expenses 3,724 2,196
Accrued income taxes 725 653
Total current liabilities 12,063 8,441
Line of credit 2,777 2,768
Note Payable 3,470 0
Operating lease liabilities 85 165
Deferred income taxes, net 3,201 2,944
Other long-term liabilities 147 77
Total liabilities 21,743 14,395
Commitments and contingencies 0 0
Stockholders’ equity    
Preferred stock, no par value; 2,500 shares authorized; none issued 0 0
Common stock, no par value; 40,000 shares authorized; 17,274 shares issued; 15,435 and 15,604 shares outstanding at 2021 and 2020 6,509 6,509
Paid-in capital 2,552 2,600
Treasury stock, at cost (13,436) (12,450)
Retained earnings 53,506 50,195
Total stockholders’ equity 49,131 46,854
Total liabilities and stockholders’ equity $ 70,874 $ 61,249