Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 84,700 $ 82,373
Accounts receivable, net of allowance for doubtful accounts of $97 and $142, respectively 9,477 8,827
Inventories 59,443 66,895
Prepaid expenses and other 6,959 7,722
Total current assets 160,579 165,817
Property, plant and equipment, net 39,585 45,000
Operating lease right-of-use assets 12,799 13,361
Restricted investment securities - trading 915 747
Deferred income tax assets 17,644 15,064
Other assets 9,333 9,784
Total Assets 240,855 249,773
Current liabilities:    
Accounts payable 8,912 7,910
Accrued volume incentives and service fees 20,563 22,922
Accrued liabilities 25,399 33,162
Deferred revenue 2,774 1,794
Income taxes payable 4,117 6,418
Current portion of operating lease liabilities 3,927 4,547
Total current liabilities 65,692 76,753
Liability related to unrecognized tax benefits 628 312
Long-term portion of operating lease liabilities 10,277 10,376
Deferred compensation payable 915 747
Long-term deferred income tax liabilities 1,007 1,401
Other liabilities 1,345 644
Total liabilities 79,864 90,233
Shareholders’ equity:    
Common stock, no par value; 50,000 shares authorized, 18,483 and 18,875 shares issued and outstanding as of December 31, 2024, and 2023, respectively 114,577 119,694
Retained earnings 57,407 49,711
Noncontrolling interests 5,678 5,482
Accumulated other comprehensive loss (16,671) (15,347)
Total shareholders’ equity 160,991 159,540
Total Liabilities and Shareholders' Equity $ 240,855 $ 249,773