Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 3,309	$ 5,025
Receivables (less allowance for doubtful accounts at December 31, 2019 and 2018 - $24	40,931	38,797
Inventory	136,931	108,769
Prepaid expenses	2,048	1,320
Refundable income taxes	987	712
Total current assets	184,206	154,623
Property, plant, and equipment, net	128,419	120,788
Operating lease right-of-use assets, net	6,490	0
Other assets	3,482	2,481
Total assets	322,597	277,892
Current Liabilities
Current maturities of long-term debt	401	386
Accounts payable	29,511	25,363
Accrued expenses	9,383	11,714
Total current liabilities	39,295	37,463
Long-term debt, less current maturities	40,658	21,040
Credit agreement - revolver	1	10,588
Long-term operating lease liabilities	4,267	0
Deferred credits	1,233	1,565
Other noncurrent liabilities	4,170	4,118
Deferred income taxes	1,929	1,677
Total liabilities	91,553	76,451
Commitments and Contingencies – Note 9
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 December 31, 2019 and 2018; 17,028,125 and 16,856,414 shares outstanding at December 31, 2019 and 2018, respectively	6,715	6,715
Additional paid-in capital	14,029	15,375
Retained earnings	230,784	198,914
Accumulated other comprehensive loss	(246)	(164)
Treasury stock, at cost, 1,087,840 and 1,259,551 shares at December 31, 2019 and 2018, respectively	(20,242)	(19,403)
Total stockholders’ equity	231,044	201,441
Total liabilities and stockholders’ equity	$ 322,597	$ 277,892