XML 50 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and temporary investments $ 42,864 $ 48,591
Accounts receivable, net of allowance for doubtful accounts of $1,714 and $1,614, at December 31, 2013 and 2012, respectively 80,821 59,113
Inventories 54,172 45,045
Prepaid expenses 2,190 1,951
Current deferred income taxes 3,888 3,581
Total current assets 183,935 158,281
PROPERTY, PLANT, AND EQUIPMENT, net 30,834 32,188
GOODWILL 11,619 11,619
OTHER ASSETS 281 263
TOTAL ASSETS 226,669 202,351
CURRENT LIABILITIES:    
Accounts payable 47,388 30,745
Accrued liabilities 15,726 12,358
Total current liabilities 63,114 43,103
DEFERRED INCOME TAX LIABILITIES 1,842 1,758
COMMITMENTS AND CONTINGENCIES (Notes 3 and 5)      
SHAREHOLDERS' EQUITY:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, none issued or outstanding      
Common stock, $.01 par value; 100,000,000 shares authorized, 11,265,679 and 11,158,631, outstanding at December 31, 2013 and 2012, respectively 113 112
Additional paid-in capital 149,608 148,688
Accumulated surplus 11,696 8,760
Accumulated other comprehensive income (loss) 814 (70)
Total Miller Industries, Inc. shareholders' equity 162,231 157,490
Noncontrolling interest (518)  
Total shareholders' equity 161,713 157,490
LIABILITIES AND SHAREHOLDERS' EQUITY TOTAL $ 226,669 $ 202,351