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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 2,296 $ 8,130
Accounts receivable, less allowance for doubtful accounts of $1,810 and $ 1,382, respectively 65,023 50,569
Accounts receivable - other 2,249 1,848
Inventories [1] 65,057 64,979
Contract assets 49,605
Prepaid expenses and other current assets 10,756 11,011
TOTAL CURRENT ASSETS 194,986 136,537
PROPERTY, PLANT AND EQUIPMENT, NET 28,961 26,844
OTHER INTANGIBLE ASSETS, NET 67,279 29,061
GOODWILL 33,835 16,032
DEFERRED INCOME TAXES 2,900
OTHER ASSETS 9,969 7,564
335,030 218,938
CURRENT LIABILITIES:    
Accounts payable 25,024 19,752
Other current liabilites 14,804 12,409
Current portion of long-term debt 6,000 6,000
Current portion of acquisition-related contingent liabilities 791 3,061
TOTAL CURRENT LIABILITIES 46,619 41,222
LONG-TERM DEBT 112,224 32,933
LONG-TERM PENSION LIABILITY 7,761 8,319
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITIES 5,301 7,283
DEFERRED INCOME TAXES 8,525
OTHER LONG-TERM LIABILITIES 3,891 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 - 15,299,207and 15,081,947, respectively. 15 15
Additional paid-in capital 55,692 49,103
Retained earnings 102,062 83,129
Accumulated other comprehensive income (loss), net of tax:    
Pensions (6,635) (7,282)
Cash flow hedges 119 (90)
Foreign currency translation adjustment (544) 93
TOTAL SHAREHOLDERS' EQUITY 150,709 124,968
$ 335,030 $ 218,938
[1] Inventories consist of the following: September 30, 2018 December 31, (Unaudited) 2017 Finished goods $ 54,702 $ 54,354 Work in process 868 604 Raw materials 9,487 10,021 $ 65,057 $ 64,979