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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,651 $ 9,038
Accounts receivable, less allowance for doubtful accounts of $7,922 and $2,964, respectively 85,297 79,746
Accounts receivable - other 2,204 1,083
Inventories 80,221 73,379
Contract assets 35,484 38,533
Prepaid expenses and other current assets 13,094 9,934
Total current assets 221,951 211,713
Property, plant and equipment, net 35,421 32,825
Operating lease right-of-use assets 4,143 5,445
Intangible assets, net 59,696 62,536
Goodwill 36,055 36,292
Other assets 9,972 10,122
Total assets 367,238 358,933
Current liabilities:    
Accounts payable 30,512 33,271
Other current liabilities 49,890 18,894
Current portion of long-term debt 15,286 15,286
Current portion of acquisition-related contingent liabilities 4,307 1,905
Total current liabilities 99,995 69,356
Long-term debt 61,511 104,003
Long-term pension liability 9,771 10,253
Long-term acquisition-related contingent liabilities 1,815 3,423
Long-term operating lease liabilities 1,724 2,380
Deferred tax liability 3,260 7,042
Other long-term liabilities 5,581 4,922
Commitments and contingencies (Note 6)
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 15,340,949 and 15,227,604 shares, respectively. 15 15
Additional paid-in capital 60,618 57,442
Retained earnings 130,968 107,581
Accumulated other comprehensive income (loss), net of tax:    
Pensions (6,198) (7,224)
Cash flow hedges 75 91
Foreign currency translation adjustment (1,897) (351)
Total shareholders’ equity 183,581 157,554
Total liabilities and shareholders’ equity $ 367,238 $ 358,933