Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 53,629 $ 50,638
Accounts receivable, net of allowance for doubtful accounts of $407 and $460, respectively 7,319 7,751
Inventories 46,666 42,048
Prepaid expenses and other 5,091 6,388
Total current assets 112,705 106,825
Property, plant and equipment, net 59,512 64,061
Operating lease right-of-use assets 23,951  
Restricted investment securities - trading 1,150 1,308
Intangible assets, net 567 618
Deferred income tax assets 4,899 9,056
Other assets 10,284 11,148
Total Assets 213,068 193,016
Current liabilities:    
Accounts payable 4,406 5,219
Accrued volume incentives and service fees 18,893 20,562
Accrued liabilities 25,531 34,801
Deferred revenue 1,266 1,197
Related party note 1,518 1,530
Income taxes payable 1,392 3,378
Current portion of operating lease liabilities 4,941  
Total current liabilities 57,947 66,687
Liability related to unrecognized tax benefits 1,499 2,192
Long-term portion of operating lease liabilities 20,213  
Deferred compensation payable 1,150 1,308
Long-term deferred income tax liabilities 1,655 1,556
Other liabilities 1,168 705
Total liabilities 83,632 72,448
Shareholders’ equity:    
Common stock, no par value; 50,000 shares authorized, 19,410 and 19,204 shares issued and outstanding as of December 31, 2019, and 2018, respectively 135,741 133,684
Retained earnings (accumulated deficit) 4,693 (2,072)
Noncontrolling interests 227 63
Accumulated other comprehensive loss (11,225) (11,107)
Total shareholders’ equity 129,436 120,568
Total Liabilities and Shareholders' Equity $ 213,068 $ 193,016