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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 19,966 $ 3,309
Receivables (less allowance for doubtful accounts at September 30, 2020, and December 31, 2019 - $24) 52,673 40,931
Inventory 142,798 136,931
Prepaid expenses 3,928 2,048
Refundable income taxes 1,719 987
Total current assets 221,084 184,206
Property, plant, and equipment 323,755 313,958
Less accumulated depreciation and amortization (194,112) (185,539)
Property, plant, and equipment, net 129,643 128,419
Operating lease right-of-use assets, net 5,362 6,490
Other assets 5,657 3,482
Total assets 361,746 322,597
Current Liabilities    
Current maturities of long-term debt 412 401
Accounts payable 29,055 29,511
Accrued expenses 14,938 9,383
Total current liabilities 44,405 39,295
Long-term debt, less current maturities 40,363 40,658
Credit agreement - revolver 13,733 1
Long-term operating lease liabilities 3,226 4,267
Deferred credits 1,035 1,233
Other noncurrent liabilities 4,818 4,170
Deferred income taxes 2,165 1,929
Total liabilities 109,745 91,553
Commitments and Contingencies (Note 7)
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, 2020 and December 31, 2019; and 16,913,313 and 17,028,125 shares outstanding at September 30, 2020 and December 31, 2019, respectively 6,715 6,715
Additional paid-in capital 15,284 14,029
Retained earnings 253,354 230,784
Accumulated other comprehensive loss (157) (246)
Treasury stock, at cost, 1,202,652 and 1,087,840 at September 30, 2020 and December 31, 2019, respectively (23,199) (20,242)
Total stockholders’ equity 252,001 231,044
Total liabilities and stockholders’ equity $ 361,746 $ 322,597