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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 341 $ 1,252
Receivables, net of allowance for doubtful accounts of $592 and $520, respectively 23,159 28,001
Other receivables 3,500 0
Contract asset 10,349 0
Inventories, net 10,509 18,269
Refundable income taxes 141 126
Prepaid expenses and other current assets 1,459 1,900
Assets held for sale 0 35
Total current assets 49,458 49,583
Property, plant and equipment, net 39,610 35,390
Intangible assets, net 3,320 5,076
Goodwill 3,493 12,020
Other assets 218 168
Total assets 96,099 102,237
Current liabilities:    
Current maturities of long-term debt 5,786 5,944
Revolver 15,542 21,253
Accounts payable 19,799 15,513
Accrued liabilities 5,557 5,107
Total current liabilities 46,684 47,817
Long-term debt, net of current maturities 2,052 2,332
Deferred income taxes 1,718 2,413
Pension liability 9,528 5,339
Other long-term liabilities 63 147
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 – 5,777 at September 30, 2019 and 5,690 at September 30, 2018 5,777 5,690
Additional paid-in capital 10,438 10,031
Retained earnings 33,148 37,097
Accumulated other comprehensive loss (13,309) (8,629)
Total shareholders’ equity 36,054 44,189
Total liabilities and shareholders’ equity $ 96,099 $ 102,237