Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 64,145 $ 53,629
Accounts receivable, net of allowance for doubtful accounts of $423 and $407, respectively 5,874 7,319
Inventories 45,354 46,666
Prepaid expenses and other 4,860 5,091
Total current assets 120,233 112,705
Property, plant and equipment, net 58,088 59,512
Operating lease right-of-use assets 21,371 23,951
Investment securities - trading 991 1,150
Intangible assets, net 535 567
Deferred income tax assets 4,389 4,899
Other assets 9,835 10,284
Total assets 215,442 213,068
Current liabilities:    
Accounts payable 4,897 4,406
Accrued volume incentives and service fees 22,856 18,893
Accrued liabilities 22,993 25,531
Deferred revenue 1,660 1,266
Related party note payable 1,526 1,518
Income taxes payable 1,210 1,392
Current portion of operating lease liabilities 4,505 4,941
Total current liabilities 59,647 57,947
Liability related to unrecognized tax benefits 1,426 1,499
Long-term portion of operating lease liabilities 18,138 20,213
Deferred compensation payable 991 1,150
Long-term deferred income tax liabilities 1,471 1,655
Other liabilities 1,201 1,168
Total liabilities 82,874 83,632
Shareholders’ equity:    
Common stock, no par value, 50,000 shares authorized, 19,470 and 19,410 shares issued and outstanding, respectively 135,976 135,741
Retained earnings 7,655 4,693
Noncontrolling interest 271 227
Accumulated other comprehensive loss (11,334) (11,225)
Total shareholders’ equity 132,568 129,436
Total liabilities and shareholders’ equity $ 215,442 $ 213,068