XML 13 R3.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 6,824 $ 5,362
Accounts receivable, less allowance for doubtful accounts of $2,004 and $2,042, respectively 63,610 64,017
Accounts receivable - other 1,431 1,744
Inventory, Net, Total [1] 65,753 67,301
Contract assets 47,359 49,236
Prepaid expenses and other current assets 11,488 9,552
TOTAL CURRENT ASSETS 196,465 197,212
PROPERTY, PLANT AND EQUIPMENT, NET 29,388 28,769
OPERATING LEASE RIGHT-OF-USE ASSETS 4,581
OTHER INTANGIBLE ASSETS, NET 65,389 66,312
GOODWILL 33,955 33,961
OTHER ASSETS 9,796 8,832
339,574 335,086
CURRENT LIABILITIES:    
Accounts payable 24,802 24,685
Other current liabilites 15,703 14,767
Current portion of long-term debt 15,286 6,000
Current portion of acquisition-related contingent liabilities 941 941
TOTAL CURRENT LIABILITIES 56,732 46,393
LONG-TERM DEBT 101,931 111,522
LONG-TERM PENSION LIABILITY 8,643 8,705
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITIES 5,622 5,422
OPERATING LEASE LIABILITIES 2,866
DEFERRED TAX LIABILITY 7,365 8,475
OTHER LONG-TERM LIABILITIES 4,690 3,648
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 - 15,229,775 and 15,202,387, respectively. 15 15
Additional paid-in capital 56,536 55,859
Retained earnings 102,945 103,032
Accumulated other comprehensive income (loss), net of tax:    
Pensions (7,426) (7,673)
Cash flow hedges 108 113
Foreign currency translation adjustment (453) (425)
TOTAL SHAREHOLDERS' EQUITY 151,725 150,921
$ 339,574 $ 335,086
[1] Inventories consist of the following: March 31, 2019 December 31, (Unaudited) 2018 Finished goods $ 56,552 $ 58,196 Work in process 527 650 Raw materials 8,674 8,455 $ 65,753 $ 67,301