Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 50,530 $ 50,638
Accounts receivable, net of allowance for doubtful accounts of $405 and $460, respectively 7,488 7,751
Inventories 45,282 42,048
Prepaid expenses and other 5,224 6,388
Total current assets 108,524 106,825
Property, plant and equipment, net 61,052 64,061
Operating lease right-of-use assets 24,890  
Investment securities - trading 1,166 1,308
Intangible assets, net 546 618
Deferred income tax assets 8,533 9,056
Other assets 10,036 11,148
Total assets 214,747 193,016
Current liabilities:    
Accounts payable 4,061 5,219
Accrued volume incentives and service fees 19,161 20,562
Accrued liabilities 28,787 34,801
Deferred revenue 1,324 1,197
Related party note payable 1,500 1,530
Income taxes payable 2,516 3,378
Current portion of operating lease liabilities 5,050  
Total current liabilities 62,399 66,687
Liability related to unrecognized tax benefits 1,463 2,192
Long-term portion of operating lease liabilities 21,061  
Deferred compensation payable 1,166 1,308
Long-term deferred income tax liabilities 1,498 1,556
Other liabilities 394 705
Total liabilities 87,981 72,448
Shareholders’ equity:    
Common stock, no par value, 50,000 shares authorized, 19,331 and 19,204 shares issued and outstanding, respectively 135,080 133,684
Retained earnings (accumulated deficit) 3,691 (2,072)
Noncontrolling interest 9 63
Accumulated other comprehensive loss (12,014) (11,107)
Total shareholders’ equity 126,766 120,568
Total liabilities and shareholders’ equity $ 214,747 $ 193,016