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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,102 $ 9,038
Accounts receivable, less allowance for doubtful accounts of $6,693 and $2,964, respectively 87,064 79,746
Accounts receivable - other 819 1,083
Inventories 72,462 73,379
Contract assets 35,129 38,533
Prepaid expenses and other current assets 11,046 9,934
Total current assets 211,622 211,713
Property, plant and equipment, net 35,656 32,825
Operating lease right-of-use assets 4,595 5,445
Intangible assets, net 60,634 62,536
Goodwill 36,071 36,292
Other assets 9,592 10,122
Total assets 358,170 358,933
Current liabilities:    
Accounts payable 33,275 33,271
Other current liabilities 39,348 18,894
Current portion of long-term debt 15,286 15,286
Current portion of acquisition-related contingent liabilities 2,786 1,905
Total current liabilities 90,695 69,356
Long-term debt 69,730 104,003
Long-term pension liability 9,932 10,253
Long-term acquisition-related contingent liabilities 1,742 3,423
Long-term operating lease liabilities 1,880 2,380
Deferred tax liability 4,405 7,042
Other long-term liabilities 5,311 4,922
Shareholders’ equity:    
Preferred stock, $.001 par value - authorized 300,000 shares (none issued) 0 0
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding 15,231,781 and 15,227,604 shares, respectively. 15 15
Additional paid-in capital 58,381 57,442
Retained earnings 124,243 107,581
Accumulated other comprehensive income (loss), net of tax:    
Pensions (6,492) (7,224)
Cash flow hedges 80 91
Foreign currency translation adjustment (1,752) (351)
Total shareholders’ equity 174,475 157,554
Total liabilities and shareholders’ equity $ 358,170 $ 358,933