Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 60,032 $ 86,184
Accounts receivable, net of allowance for doubtful accounts of $120 and $143, respectively 14,106 8,871
Inventories 67,949 60,852
Prepaid expenses and other 7,420 8,760
Total current assets 149,507 164,667
Property, plant and equipment, net 46,162 50,857
Operating lease right-of-use assets 16,145 18,349
Restricted investment securities - trading 702 964
Deferred income tax assets 6,859 13,590
Other assets 10,403 10,447
Total Assets 229,778 258,874
Current liabilities:    
Accounts payable 6,349 9,702
Accrued volume incentives and service fees 21,830 23,131
Accrued liabilities 25,591 31,600
Deferred revenue 2,255 3,694
Current installments of long-term debt and revolving credit facility 1,174 1,244
Related party note 0 302
Income taxes payable 4,117 2,647
Current portion of operating lease liabilities 4,266 4,350
Total current liabilities 65,582 76,670
Liability related to unrecognized tax benefits 209 0
Long-term portion of operating lease liabilities 13,745 15,919
Long-term debt and revolving credit facility 0 1,174
Deferred compensation payable 702 964
Long-term deferred income tax liabilities 1,439 1,566
Other liabilities 1,054 1,177
Total liabilities 82,731 97,470
Shareholders’ equity:    
Common stock, no par value; 50,000 shares authorized, 19,093 and 19,724 shares issued and outstanding as of December 31, 2022, and 2021, respectively 121,583 133,382
Retained earnings 34,635 35,025
Noncontrolling interests 4,142 3,202
Accumulated other comprehensive loss (13,313) (10,205)
Total shareholders’ equity 147,047 161,404
Total Liabilities and Shareholders' Equity $ 229,778 $ 258,874