Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 58,969 $ 47,604
Accounts receivable, net of allowance for doubtful accounts of $647 and $918, respectively 9,868 5,947
Investments available for sale 5,677 6,470
Inventories 41,611 36,235
Deferred income tax assets 4,395 4,582
Prepaid expenses and other 4,583 5,700
Total current assets 125,103 106,538
Property, plant and equipment, net 25,137 27,391
Investment securities 1,429 1,778
Intangible assets, net 1,151 1,303
Deferred income tax assets 16,576 12,916
Other assets 6,415 9,489
Total Assets 175,811 159,415
Current liabilities:    
Accounts payable 5,980 4,855
Accrued volume incentives 19,326 18,619
Accrued liabilities 27,938 34,601
Deferred revenue 2,603 3,385
Current installments of long-term debt 3,296  
Income taxes payable 8,655 3,708
Total current liabilities 67,798 65,168
Liability related to unrecognized tax benefits 10,426 21,366
Long-term debt 5,894  
Deferred compensation payable 1,429 1,778
Other liabilities 2,826 2,721
Total long-term liabilities 20,575 25,865
Commitments and Contingencies (Notes 7, 10 and 13)      
Shareholders' equity:    
Common stock, no par value; 50,000 shares authorized, 15,569 and 15,533 shares issued and outstanding as of December 31, 2011 and 2010, respectively 71,628 67,752
Retained earnings 25,879 8,278
Accumulated other comprehensive loss (10,069) (7,648)
Total shareholders' equity 87,438 68,382
Total Liabilities and Shareholders' Equity $ 175,811 $ 159,415