Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 46,341 $ 50,638
Accounts receivable, net of allowance for doubtful accounts of $454 and $460, respectively 8,727 7,751
Inventories 43,928 42,048
Prepaid expenses and other 6,593 6,388
Total current assets 105,589 106,825
Property, plant and equipment, net 61,911 64,061
Operating lease right-of-use assets 26,361  
Investment securities - trading 1,432 1,308
Intangible assets, net 616 618
Deferred income tax assets 8,724 9,056
Other assets 11,618 11,148
Total assets 216,251 193,016
Current liabilities:    
Accounts payable 3,998 5,219
Accrued volume incentives and service fees 20,296 20,562
Accrued liabilities 28,077 34,801
Deferred revenue 2,235 1,197
Related party note payable 1,585 1,530
Income taxes payable 2,173 3,378
Current portion of operating lease liabilities 5,241  
Total current liabilities 63,605 66,687
Liability related to unrecognized tax benefits 2,157 2,192
Long-term portion of operating lease liabilities 22,418  
Deferred compensation payable 1,432 1,308
Long-term deferred income tax liabilities 1,556 1,556
Other liabilities 345 705
Total liabilities 91,513 72,448
Shareholders’ equity:    
Common stock, no par value, 50,000 shares authorized, 19,302 and 19,204 shares issued and outstanding, respectively 134,342 133,684
Retained earnings (accumulated deficit) 2,374 (2,072)
Noncontrolling interest (deficit) (25) 63
Accumulated other comprehensive loss (11,953) (11,107)
Total shareholders’ equity 124,738 120,568
Total liabilities and shareholders’ equity $ 216,251 $ 193,016