XML 13 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 4,164 $ 8,130
Accounts receivable, less allowance for doubtful accounts of $1,722 and $1,382, respectively 63,269 50,569
Accounts receivable - other 2,522 1,848
Inventories [1] 67,852 64,979
Contract assets 46,826
Prepaid and other current assets 10,830 11,011
TOTAL CURRENT ASSETS 195,463 136,537
PROPERTY, PLANT AND EQUIPMENT, NET 28,564 26,844
OTHER INTANGIBLE ASSETS, NET 66,338 29,061
GOODWILL 35,327 16,032
DEFERRED INCOME TAXES 2,900
OTHER ASSETS 9,470 7,564
335,162 218,938
CURRENT LIABILITIES:    
Accounts payable 22,337 19,752
Other current liabilites 11,327 12,409
Current portion of long-term debt 6,000 6,000
Current portion of acquisition-related contingent liabilities 1,410 3,061
TOTAL CURRENT LIABILITIES 41,074 41,222
LONG-TERM DEBT 122,801 32,933
LONG-TERM PENSION LIABILITY 7,947 8,319
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITIES 5,056 7,283
DEFERRED INCOME TAXES 8,900
OTHER LONG-TERM LIABILITIES 3,800 4,213
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 - 15,311,541 and 15,081,947, respectively. 15 15
Additional paid-in capital 54,998 49,103
Retained earnings 97,664 83,129
Accumulated other comprehensive income (loss), net of tax:    
Pensions (6,851) (7,282)
Cash flow hedges 122 (90)
Foreign currency translation adjustment (364) 93
TOTAL SHAREHOLDERS' EQUITY 145,584 124,968
$ 335,162 $ 218,938
[1] Inventories consist of the following: June 30, 2018 (Unaudited) December 31, 2017 Finished goods $ 58,633 $ 54,354 Work in process 939 604 Raw materials 8,280 10,021 $ 67,852 $ 64,979