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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 1,123 $ 3,084
Receivables (less allowance for doubtful accounts: March 31, 2018 - $24; December 31, 2017 - $24) 34,532 34,347
Inventory 98,876 93,149
Prepaid expenses 3,187 2,182
Refundable income taxes 932 1,980
Total current assets 138,650 134,742
Property and equipment 271,097 267,288
Less accumulated depreciation and amortization (167,095) (164,237)
Property and equipment, net 104,002 103,051
Other assets 2,559 2,535
Total assets 245,211 240,328
Current Liabilities    
Current maturities of long-term debt 375 372
Accounts payable 24,630 30,037
Accrued expenses 7,161 11,171
Total current liabilities 32,166 41,580
Long-term debt, less current maturities 21,316 21,407
Revolving credit facility 10,544 2,775
Deferred credits 1,934 2,151
Accrued retirement, health and life insurance benefits 3,030 3,133
Other noncurrent liabilities 542 540
Deferred income taxes 291 12
Total liabilities 69,823 71,598
Contingencies
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, 2018 and December 31, 2017, and 16,844,596 and 16,797,420 shares outstanding at March 31, 2018 and December 31, 2017, respectively 6,715 6,715
Additional paid-in capital 13,983 13,912
Retained earnings 174,682 167,129
Accumulated other comprehensive loss (324) (311)
Treasury stock, at cost    
Shares of 1,271,369 at March 31, 2018 and 1,318,545 at December 31, 2017 (19,672) (18,719)
Total stockholders’ equity 175,388 168,730
Total liabilities and stockholders’ equity $ 245,211 $ 240,328