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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 8,130 $ 3,649
Accounts receivable, less allowance for doubtful accounts of $1,382 and $1,276, respectively 50,569 41,823
Accounts receivable - other 1,848 3,085
Inventories [1] 64,979 69,240
Prepaid expenses and other current assets 11,011 7,214
TOTAL CURRENT ASSETS 136,537 125,011
PROPERTY, PLANT AND EQUIPMENT, NET 26,844 27,533
OTHER INTANGIBLE ASSETS, NET 29,061 23,238
GOODWILL 16,032 11,269
DEFERRED INCOME TAXES 2,900 6,800
OTHER ASSETS 7,564 2,997
218,938 196,848
CURRENT LIABILITIES:    
Accounts payable 19,752 13,507
Other current liabilities 12,409 10,716
Current portion of long-term debt 6,000 5,893
Current portion of acquisition-related contigent liability 3,061 1,788
TOTAL CURRENT LIABILITIES 41,222 31,904
LONG-TERM DEBT 32,933 36,227
LONG-TERM PENSION LIABILITY 8,319 9,467
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITY 7,283 7,238
OTHER LONG-TERM LIABILITIES 4,213 1,462
COMMITMENTS AND CONTINGENCIES (NOTE 11)
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 - 15,081,947 and 14,513,207, respectively. 15 15
Additional paid-in capital 49,103 42,416
Retained earnings 83,129 74,283
Accumulated other comprehensive income (loss), net of tax:    
Pensions (7,282) (6,258)
Cash flow hedges (90) 21
Foreign Currency Translation Adjustment 93 73
TOTAL SHAREHOLDERS' EQUITY 124,968 110,550
$ 218,938 $ 196,848
[1] Inventories consist of the following: September 30, 2017 December 31, (Unaudited) 2016 Finished goods $ 54,904,000 $ 57,887,000 Work in process 690,000 853,000 Raw materials 10,366,000 10,500,000