Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 42,910 $ 32,284
Accounts receivable, net of allowance for doubtful accounts of $395 and $205, respectively 8,888 7,738
Investments available for sale 0 1,776
Assets held for sale 998 521
Inventories 44,047 47,597
Prepaid expenses and other 5,666 4,585
Total current assets 102,509 94,501
Property, plant and equipment, net 69,106 73,272
Investment securities - trading 1,980 1,391
Intangible assets, net 709 976
Deferred income tax assets 8,283 21,590
Other assets 12,608 13,840
Total Assets 195,195 205,570
Current liabilities:    
Accounts payable 4,215 5,305
Accrued volume incentives and service fees 18,774 16,264
Accrued liabilities 24,980 24,400
Deferred revenue 3,348 3,672
Revolving credit facility 0 9,919
Related party note 506 0
Income taxes payable 1,834 3,475
Total current liabilities 53,657 63,035
Liability related to unrecognized tax benefits 4,633 6,755
Long-term debt and revolving credit facility 13,181 0
Deferred compensation payable 1,980 1,391
Long-term deferred income tax liabilities 770 0
Other liabilities 1,242 1,991
Total liabilities 75,463 73,172
Shareholders’ equity:    
Common stock, no par value; 50,000 shares authorized, 18,919 and 18,757 shares issued and outstanding as of December 31, 2017, and 2016, respectively 131,525 129,654
Retained earnings (accumulated deficit) (2,072) 12,718
Noncontrolling interests 411 1,286
Accumulated other comprehensive loss (10,132) (11,260)
Total shareholders’ equity 119,732 132,398
Total Liabilities and Shareholders' Equity $ 195,195 $ 205,570