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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 1,099 $ 471
Receivables, net of allowance for doubtful accounts of $328 and $706, respectively 26,408 25,158
Inventories, net 23,798 28,496
Refundable income taxes 319 1,773
Prepaid expenses and other current assets 1,863 2,177
Assets held for sale 1,447 0
Total current assets 54,934 58,075
Property, plant and equipment, net 42,219 48,958
Intangible assets, net 7,131 11,138
Goodwill 11,874 11,748
Other assets 284 538
Total assets 116,442 130,457
Current liabilities:    
Current maturities of long-term debt 7,545 18,258
Revolving credit agreement 20,387 12,751
Accounts payable 14,048 14,520
Accrued liabilities 5,325 5,234
Total current liabilities 47,305 50,763
Long-term debt, net of current maturities 6,241 7,623
Deferred income taxes 3,144 2,929
Pension liability 7,917 8,341
Other long-term liabilities 458 431
Shareholders’ equity:    
Serial preferred shares, no par value, authorized 1,000 shares 0 0
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares – 5,596 at June 30, 2017 and 5,525 at September 30, 2016 5,596 5,525
Additional paid-in capital 9,598 9,219
Retained earnings 48,009 58,476
Accumulated other comprehensive loss (11,826) (12,850)
Total shareholders’ equity 51,377 60,370
Total liabilities and shareholders’ equity $ 116,442 $ 130,457