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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 8,267 $ 5,362
Accounts receivable, less allowance for doubtful accounts of $2,141 and $2,042, respectively 70,927 64,017
Accounts receivable - other 1,463 1,744
Inventories [1] 63,370 67,301
Contract assets 43,674 49,236
Prepaid expenses and other current assets 12,090 9,552
TOTAL CURRENT ASSETS 199,791 197,212
PROPERTY, PLANT AND EQUIPMENT, NET 31,448 28,769
OPERATING LEASE RIGHT-OF-USE ASSETS 4,716
INTANGIBLE ASSETS, NET 64,437 66,312
GOODWILL 36,321 33,961
OTHER ASSETS 10,299 8,832
TOTAL ASSETS 347,012 335,086
CURRENT LIABILITIES:    
Accounts payable 25,903 24,685
Other current liabilities 15,375 14,767
Current portion of long-term debt 15,286 6,000
Current portion of acquisition-related contingent liabilities 2,212 941
TOTAL CURRENT LIABILITIES 58,776 46,393
LONG-TERM DEBT 108,035 111,522
LONG-TERM PENSION LIABILITY 8,532 8,705
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITIES 3,605 5,422
LONG-TERM OPERATING LEASE LIABILITIES 2,864
DEFERRED TAX LIABILITY 6,730 8,475
OTHER LONG-TERM LIABILITIES 4,350 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 - 15,255,694 and 15,202,387, respectively. 15 15
Additional paid-in capital 57,166 55,859
Retained earnings 104,165 103,032
Accumulated other comprehensive income (loss), net of tax:    
Pensions (6,924) (7,673)
Cash flow hedges 102 113
Foreign currency translation adjustment (404) (425)
TOTAL SHAREHOLDERS' EQUITY 154,120 150,921
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 347,012 $ 335,086
[1] Inventories consist of the following: June 30, 2019 December 31, 2018 Finished goods $53,202 $58,196 Work in process $703 $650 Raw materials $9,465 $8,455 Total inventories $63,370 $67,301