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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 9,372,000 $ 3,649,000
Accounts receivable, less allowance for doubtful accounts of $1,390,000 and $1,276,000, respectively 34,522,000 41,823,000
Accounts receivable - other 2,396,000 3,085,000
Inventories [1] 70,308,000 69,240,000
Prepaid expenses and other current assets 9,113,000 7,214,000
TOTAL CURRENT ASSETS 125,711,000 125,011,000
PROPERTY, PLANT AND EQUIPMENT, NET 25,886,000 27,533,000
OTHER INTANGIBLE ASSETS, NET 22,668,000 23,238,000
GOODWILL 11,300,000 11,269,000
DEFERRED INCOME TAXES 7,065,000 6,800,000
OTHER ASSETS 4,520,000 2,997,000
197,150,000 196,848,000
CURRENT LIABILITIES:    
Accounts payable 12,779,000 13,507,000
Other current liabilities 10,642,000 10,716,000
Current portion of long-term debt 6,000,000 5,893,000
Current portion of acquisition-related contigent liabilities 1,788,000
TOTAL CURRENT LIABILITIES (29,421,000) (31,904,000)
LONG-TERM DEBT 35,962,000 36,227,000
LONG-TERM PENSION LIABILITY 8,270,000 9,467,000
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITY 7,270,000 7,238,000
OTHER LONG-TERM LIABILITIES 2,158,000 1,462,000
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 - 14,616,631 and 14,513,207, respectively. 15,000 15,000
Additional paid-in capital 43,483,000 42,416,000
Retained earnings 76,637,000 74,283,000
Accumulated other comprehensive income (loss), net of tax:    
Pensions (6,082,000) (6,258,000)
Cash flow hedges (107,000) 21,000
Foreign Currency translation adjustment 123,000 73,000
TOTAL SHAREHOLDERS' EQUITY 114,069,000 110,550,000
$ 197,150,000 $ 196,848,000
[1] Inventories consist of the following: March 31, 2017: Finished goods - $58,582,000; Work in process - $486,000; Raw materials - $11,240,000 and December 31, 2016: Finished goods - $57,887,000; Work in process - $853,000; Raw materials - $10,500,000