Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 86,184 $ 92,069
Accounts receivable, net of allowance for doubtful accounts of $143 and $454, respectively 8,871 7,375
Inventories 60,852 47,683
Prepaid expenses and other 8,760 6,938
Total current assets 164,667 154,065
Property, plant and equipment, net 50,857 54,355
Operating lease right-of-use assets 18,349 20,210
Restricted investment securities - trading 964 989
Deferred income tax assets 13,590 8,693
Other assets 10,447 11,186
Total Assets 258,874 249,498
Current liabilities:    
Accounts payable 9,702 6,486
Accrued volume incentives and service fees 23,131 19,481
Accrued liabilities 31,600 31,710
Deferred revenue 3,694 2,092
Current installments of long-term debt and revolving credit facility 1,244 1,306
Related party note 302 1,200
Income taxes payable 2,647 2,387
Current portion of operating lease liabilities 4,350 4,992
Total current liabilities 76,670 69,654
Liability related to unrecognized tax benefits 0 92
Long-term portion of operating lease liabilities 15,919 16,412
Long-term debt and revolving credit facility 1,174 2,418
Deferred compensation payable 964 989
Long-term deferred income tax liabilities 1,566 1,391
Other liabilities 1,177 1,308
Total liabilities 97,470 92,264
Shareholders’ equity:    
Common stock, no par value; 50,000 shares authorized, 19,724 and 19,697 shares issued and outstanding as of December 31, 2021, and 2020, respectively 133,382 139,311
Retained earnings 35,025 26,030
Noncontrolling interests 3,202 1,848
Accumulated other comprehensive loss (10,205) (9,955)
Total shareholders’ equity 161,404 157,234
Total Liabilities and Shareholders' Equity $ 258,874 $ 249,498