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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 2,162 $ 5,025
Receivables (less allowance for doubtful accounts at June 30, 2019, and December 31, 2018 - $24) 41,604 38,797
Inventory 118,007 108,769
Prepaid expenses 1,834 1,320
Refundable income taxes 5,404 712
Total current assets 169,011 154,623
Property, plant, and equipment 299,666 295,893
Less accumulated depreciation and amortization (179,772) (175,105)
Property, plant, and equipment, net 119,894 120,788
Operating lease right-of-use asset, net 6,163 0
Other assets 3,656 2,481
Total assets 298,724 277,892
Current Liabilities    
Current maturities of long-term debt 393 386
Accounts payable 20,711 25,363
Accrued expenses 11,014 11,714
Total current liabilities 32,118 37,463
Long-term debt, less current maturities 40,851 21,040
Credit agreement - revolver 1,245 10,588
Operating lease liability 4,112 0
Deferred credits 1,399 1,565
Accrued retirement, health, and life insurance benefits 2,482 2,595
Other noncurrent liabilities 1,851 1,523
Deferred income taxes 2,224 1,677
Total liabilities 86,282 76,451
Commitments and 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 June 30, 2019 and December 31, 2018; and 17,024,924 and 16,856,414 shares outstanding at June 30, 2019 and December 31, 2018, respectively 6,715 6,715
Additional paid-in capital 13,117 15,375
Retained earnings 213,049 198,914
Accumulated other comprehensive loss (97) (164)
Treasury stock, at cost    
Shares of 1,091,041 at June 30, 2019, and 1,259,551 at December 31, 2018 (20,346) (19,403)
Total stockholders’ equity 212,442 201,441
Total liabilities and stockholders’ equity $ 298,724 $ 277,892