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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 1,252 $ 1,399
Receivables, net of allowance for doubtful accounts of $520 and $330, respectively 28,001 25,894
Inventories, net 18,269 20,381
Refundable income taxes 126 292
Prepaid expenses and other current assets 1,900 1,644
Assets held for sale 35 2,524
Total current assets 49,583 52,134
Property, plant and equipment, net 35,390 39,508
Intangible assets, net 5,076 6,814
Goodwill 12,020 12,170
Other assets 168 261
Total assets 102,237 110,887
Current liabilities:    
Current maturities of long-term debt 5,944 7,560
Revolver 21,253 18,557
Accounts payable 15,513 12,817
Accrued liabilities 5,107 6,791
Total current liabilities 47,817 45,725
Long-term debt, net of current maturities 2,332 5,151
Deferred income taxes 2,413 3,266
Pension liability 5,339 6,184
Other long-term liabilities 147 430
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 – 5,690 at September 30, 2018 and 5,596 at September 30, 2017 5,690 5,596
Additional paid-in capital 10,031 9,519
Retained earnings 37,097 44,267
Accumulated other comprehensive loss (8,629) (9,251)
Total shareholders’ equity 44,189 50,131
Total liabilities and shareholders’ equity $ 102,237 $ 110,887