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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 10,911 $ 5,172
Accounts receivable, less allowance for doubtful accounts of $7,478 and $7,667, respectively 103,066 101,902
Accounts receivable - other 2,405 1,356
Inventories 87,774 89,766
Contract assets 40,662 39,231
Prepaid expenses and other current assets 11,508 11,030
Total current assets 256,326 248,457
Property, plant and equipment, net 42,077 36,644
Operating lease right-of-use assets 5,042 3,826
Deferred tax asset 810 0
Intangible assets, net 63,659 58,746
Goodwill 36,197 36,116
Other assets 10,912 10,135
Total assets 415,023 393,924
Current liabilities:    
Accounts payable 35,429 39,327
Other current liabilities 34,519 44,670
Current portion of long-term debt 15,286 15,286
Current portion of acquisition-related contingent liabilities 5,791 5,589
Total current liabilities 91,025 104,872
Long-term debt 94,920 72,372
Long-term pension liability 14,423 14,574
Long-term acquisition-related contingent liabilities 2,879 1,892
Long-term operating lease liabilities 2,273 1,599
Deferred tax liability 0 450
Other long-term liabilities 8,120 6,535
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 15,582,835 and 15,391,660 shares, respectively. 15 15
Additional paid-in capital 62,773 61,844
Retained earnings 150,734 141,972
Accumulated other comprehensive income (loss), net of tax:    
Pensions (10,184) (10,898)
Cash flow hedges 64 69
Foreign currency translation adjustment (2,019) (1,372)
Total shareholders’ equity 201,383 191,630
Total liabilities and shareholders’ equity $ 415,023 $ 393,924