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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 4,397 $ 5,025
Receivables (less allowance for doubtful accounts at September 30, 2019, and December 31, 2018 - $24) 40,554 38,797
Inventory (Note 1) 126,193 108,769
Prepaid expenses 1,646 1,320
Refundable income taxes 2,850 712
Total current assets 175,640 154,623
Property, plant, and equipment 304,730 295,893
Less accumulated depreciation and amortization (182,576) (175,105)
Property, plant, and equipment, net 122,154 120,788
Operating lease right-of-use asset, net (Note 6) 5,628 0
Other assets 3,598 2,481
Total assets 307,020 277,892
Current Liabilities    
Current maturities of long-term debt (Note 3) 397 386
Accounts payable 24,200 25,363
Accrued expenses 10,528 11,714
Total current liabilities 35,125 37,463
Long-term debt, less current maturities (Note 3) 40,756 21,040
Credit agreement - revolver (Note 3) 173 10,588
Operating lease liability (Note 6) 3,598 0
Deferred credits 1,316 1,565
Accrued retirement, health, and life insurance benefits 2,427 2,595
Other noncurrent liabilities 1,576 1,523
Deferred income taxes 2,629 1,677
Total liabilities 87,600 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 September 30, 2019 and December 31, 2018; and 17,024,938 and 16,856,414 shares outstanding at September 30, 2019 and December 31, 2018, respectively 6,715 6,715
Additional paid-in capital 13,601 15,375
Retained earnings 219,551 198,914
Accumulated other comprehensive loss (104) (164)
Treasury stock, at cost    
Shares of 1,091,027 at September 30, 2019, and 1,259,511 at December 31, 2018 (20,347) (19,403)
Total stockholders’ equity 219,420 201,441
Total liabilities and stockholders’ equity $ 307,020 $ 277,892