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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 1,399 $ 471
Receivables, net of allowance for doubtful accounts of $330 and $706, respectively 25,894 25,158
Inventories, net 20,381 28,496
Refundable income taxes 292 1,773
Prepaid expenses and other current assets 1,644 2,177
Current assets of business held for sale 2,524 0
Total current assets 52,134 58,075
Property, plant and equipment, net 39,508 48,958
Intangible assets, net 6,814 11,138
Goodwill 12,170 11,748
Other assets 261 538
Total assets 110,887 130,457
Current liabilities:    
Current maturities of long-term debt 7,560 18,258
Revolver 18,557 12,751
Accounts payable 12,817 14,520
Accrued liabilities 6,791 5,234
Total current liabilities 45,725 50,763
Long-term debt, net of current maturities 5,151 7,623
Deferred income taxes 3,266 2,929
Pension liability 6,184 8,341
Other long-term liabilities 430 431
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 September 30, 2017 and 5,525 at September 30, 2016 5,596 5,525
Additional paid-in capital 9,519 9,219
Retained earnings 44,267 58,476
Accumulated other comprehensive loss (9,251) (12,850)
Total shareholders’ equity 50,131 60,370
Total liabilities and shareholders’ equity $ 110,887 $ 130,457