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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2016
May 31, 2015
Current Assets:    
Cash $ 7,659 $ 4,995
Accounts receivable, less allowance for doubtful accounts of $0 in 2016 and $536 in 2015 15,153 15,288
Inventories 11,381 9,119
Workers' compensation security deposit 1,294 1,732
Other current assets 331 447
Total Current Assets 35,818 31,581
Property, Plant and Equipment, at Cost:    
Land 2,996 2,996
Buildings and improvements 36,624 36,280
Machinery and equipment 16,977 16,332
Property, Plant and Equipment gross 56,597 55,608
Less accumulated depreciation 44,952 44,039
Net Property, Plant and Equipment 11,645 11,569
Other Assets 7,515 7,289
Total Assets 54,978 50,439
Current Liabilities:    
Accounts payable, trade 3,921 3,033
Accrued salaries and wages 3,557 2,565
Accrued marketing programs 1,767 2,356
Accrued warranty 4,817 4,511
Customer deposits 1,521 497
Other accrued liabilities 2,448 2,155
Total Current Liabilities 18,031 15,117
Long-Term Liabilities:    
Deferred compensation expense 5,002 5,237
Accrued warranty 2,500 2,400
Life insurance loans 4,312 4,312
Total Long-Term Liabilities 11,814 11,949
Commitments and Contingencies - See Note 11
Shareholders' Equity:    
Common stock, $.0277 par value, 15,000,000 shares authorized; issued 11,217,144 shares 312 312
Additional paid-in capital 5,010 4,928
Retained earnings 85,555 83,877
Treasury stock, at cost, 2,825,900 shares (65,744) (65,744)
Total Shareholders' Equity 25,133 23,373
Total Liabilities and Shareholders' Equity $ 54,978 $ 50,439