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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,773 $ 9,038
Accounts receivable, less allowance for doubtful accounts of $3,270 and $2,964, respectively 73,551 79,746
Accounts receivable - other 658 1,083
Inventories 73,844 73,379
Contract assets 38,234 38,533
Prepaid expenses and other current assets 7,395 9,934
Total current assets 199,455 211,713
Property, plant and equipment, net 33,971 32,825
Operating lease right-of-use assets 5,033 5,445
Intangible assets, net 61,582 62,536
Goodwill 36,096 36,292
Other assets 8,469 10,122
Total assets 344,606 358,933
Current liabilities:    
Accounts payable 24,660 33,271
Other current liabilities 31,709 18,894
Current portion of long-term debt 11,464 15,286
Current portion of acquisition-related contingent liabilities 1,953 1,905
Total current liabilities 69,786 69,356
Long-term debt 89,662 104,003
Long-term pension liability 10,092 10,253
Long-term acquisition-related contingent liabilities 3,552 3,423
Long-term operating lease liabilities 2,133 2,380
Deferred tax liability 5,970 7,042
Other long-term liabilities 5,021 4,922
Commitments and contingencies (Note 6)
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 15,222,161 and 15,227,604 shares, respectively. 15 15
Additional paid-in capital 57,669 57,442
Retained earnings 109,086 107,581
Accumulated other comprehensive income (loss), net of tax:    
Pensions (6,876) (7,224)
Cash flow hedges 86 91
Foreign currency translation adjustment (1,590) (351)
Total shareholders’ equity 158,390 157,554
Total liabilities and shareholders’ equity $ 344,606 $ 358,933