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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 0 $ 747
Receivables (less allowance for doubtful accounts: March 31, 2016 - $24; December 31, 2015 - $24) 31,204 30,670
Inventory 68,383 58,701
Prepaid expenses 1,351 1,062
Total current assets 100,938 91,180
Property and equipment 233,002 229,914
Less accumulated depreciation and amortization (149,585) (146,360)
Property and equipment, net 83,417 83,554
Equity method investments (Note 2) 15,780 18,563
Other assets 972 1,013
Total assets 201,107 194,310
Current Liabilities    
Current maturities of long-term debt 5,997 3,345
Accounts payable 16,740 20,940
Accounts payable to affiliate, net 2,302 2,291
Accrued expenses 7,335 10,400
Income taxes payable 4,797 685
Total current liabilities 37,171 37,661
Long-term debt, less current maturities 19,239 7,579
Revolving credit facility 12,208 22,536
Deferred credit 3,228 3,402
Accrued retirement health and life insurance benefits 4,085 4,136
Deferred income taxes 2,135 2,757
Other noncurrent liabilities 80 79
Total liabilities $ 78,146 $ 78,150
Commitments and Contingencies (Note 4)
Capital stock    
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares $ 4 $ 4
Common stock    
No par value; authorized 40,000,000 shares; issued 18,115,965 shares at March 31, 2016 and December 31, 2015, and16,686,927 and 16,681,576 shares outstanding at March 31, 2016 and December 31, 2015, respectively 6,715 6,715
Additional paid-in capital 12,361 11,356
Retained earnings 120,242 114,558
Accumulated other comprehensive loss, net of tax (517) (500)
Treasury stock, at cost    
Shares of 1,429,038 at March 31, 2016 and 1,434,389 at December 31, 2015 (15,844) (15,973)
Total stockholders’ equity 122,961 116,160
Total liabilities and stockholders’ equity $ 201,107 $ 194,310