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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 5,452 $ 5,362
Accounts receivable, less allowance for doubtful accounts of $2,259 and $2,042, respectively 75,597 64,017
Accounts receivable - other 1,262 1,744
Inventories [1] 66,076 67,301
Contract assets 38,030 49,236
Prepaid expenses and other current assets 16,481 9,552
Total current assets 202,898 197,212
Property, plant and equipment, net 31,725 28,769
Operating lease right-of-use assets 4,576
Intangible assets, net 63,491 66,312
Goodwill 36,252 33,961
Other assets 10,443 8,832
Total assets 349,385 335,086
Current liabilities:    
Accounts payable 30,768 24,685
Other current liabilities 16,110 14,767
Current portion of long-term debt 15,286 6,000
Current portion of acquisition-related contingent liabilities 1,374 941
Total current liabilities 63,538 46,393
Long-term debt 103,812 111,522
Long-term pension liability 8,422 8,705
Long-term acquisition-related contingent liabilities 3,753 5,422
Long-term operating lease liabilities 2,590
Deferred tax liability 6,620 8,475
Other long-term liabilities 4,230 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 15,240,317 and 15,202,387 shares, respectively. 15 15
Additional paid-in capital 57,077 55,859
Retained earnings 106,426 103,032
Accumulated other comprehensive income (loss), net of tax:    
Pensions (6,475) (7,673)
Cash flow hedges 97 113
Foreign currency translation adjustment (720) (425)
Total shareholders’ equity 156,420 150,921
Total liabilities and shareholders’ equity 349,385 335,086
Finished goods 57,413 58,196
Work in process 730 650
Raw materials 7,933 8,455
Inventories [1] $ 66,076 $ 67,301
[1] Inventories consist of the following: September 30, 2019 December 31, 2018 Finished goods $57,413 $58,196 Work in process $730 $650 Raw materials $7,933 $8,455 Total inventories $66,076 $67,301