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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
CURRENT ASSETS:      
Cash and cash equivalents $ 8,358 $ 28,353 $ 25,832
Trade receivables – net 79,963 48,010 35,362
Contract receivables 2,017 5,170 1,254
Other receivables 235 364 402
Inventories – net 143,516 77,576 74,546
Income tax receivable 2,290 0 0
Prepaid expenses 4,772 3,713 3,358
Total current assets 241,151 163,186 140,754
LEASED ASSETS 2,626 1,572 1,554
PROPERTY, PLANT & EQUIPMENT – net 55,956 33,750 28,450
Goodwill (3) 48,375 0 0
IDENTIFIED INTANGIBLES – net 127,904 30,209 30,224
OTHER ASSETS 879 374 348
TOTAL ASSETS 476,891 229,091 201,330
CURRENT LIABILITIES:      
Accounts payable 67,224 20,090 15,962
Contract liabilities 2,017 5,582 1,254
Current Portion of Long-Term Debt 3,250 0 0
Accrued expenses:      
Salaries and wages 4,363 4,463 1,304
Taxes - other 536 893 778
Accrued freight 2,670 911 417
Commissions 1,068 712 392
Accrued duty 6,534 4,270 3,954
Accrued interest 2,197 0 0
Income tax payable 0 1,019 578
Other 5,115 2,043 1,598
Total current liabilities 94,974 39,983 26,237
Long-term debt 184,121 0 0
LONG-TERM TAXES PAYABLE 169 169 169
LONG-TERM LEASE 1,867 944 967
DEFERRED INCOME TAXES 8,272 8,271 8,108
DEFERRED LIABILITIES 392 219 219
TOTAL LIABILITIES 289,795 49,586 35,700
SHAREHOLDERS' EQUITY:      
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding June 30, 2021 - 7,283,434; December 31, 2020 - 7,247,631; June 30, 2020 - 7,312,217 67,210 65,971 67,390
Retained earnings 119,886 113,534 98,240
Total shareholders' equity 187,096 179,505 165,630
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 476,891 $ 229,091 $ 201,330