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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 3,074,000 $ 4,586,000
Accounts receivable, less allowance for doubtful accounts of $840,000 and $680,000, respectively 35,059,000 27,956,000
Accounts receivable - other 3,088,000 4,135,000
Inventories 62,284,000 58,282,000
Prepaid expenses and other current assets 4,813,000 4,497,000
TOTAL CURRENT ASSETS 108,318,000 99,456,000
PROPERTY, PLANT AND EQUIPMENT, NET 19,106,000 16,285,000
OTHER INTANGIBLE ASSETS, NET 14,738,000 16,288,000
GOODWILL 4,135,000 4,135,000
DEFERRED INCOME TAXES 4,485,000 3,636,000
OTHER ASSETS 1,180,000 137,000
Total assets 151,962,000 139,937,000
CURRENT LIABILITIES:    
Accounts payable 15,497,000 9,706,000
Other current liabilities 8,125,000 8,995,000
Current portion of long-term debt 3,000,000 2,375,000
Current portion of acquisition-related contigent liability 1,978,000 1,189,000
TOTAL CURRENT LIABILITIES 28,600,000 22,265,000
LONG TERM DEBT 21,130,000 22,660,000
LONG-TERM PENSION LIABILITY 6,826,000 8,084,000
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITY 3,848,000 5,745,000
OTHER LONG-TERM LIABILITIES $ 480,000 580,000
DEFERRED INCOME TAXES $ 191,000
COMMITMENTS AND CONTINGENCIES (NOTE 5)
SHAREHOLDERS' EQUITY:    
Preferred stock, $.001 par value - authorized 300,000 shares (none issued)
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 13,856,291 and 13,514,566, respectively. $ 14,000 $ 13,000
Additional paid-in capital 33,244,000 29,501,000
Retained earnings 63,181,000 56,843,000
Accumulated other comprehensive loss, net of tax:    
Pensions (5,237,000) (5,834,000)
Cash flow hedges (124,000) (111,000)
TOTAL SHAREHOLDERS' EQUITY 91,078,000 80,412,000
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES 151,962,000 139,937,000
Finished goods 48,343,000 44,610,000
Work in process 859,000 323,000
Raw materials 13,082,000 13,349,000
Inventories $ 62,284,000 $ 58,282,000