Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 17,869,712 $ 22,515,710
Investments 12,701,538 18,635,601
Trade accounts receivable, less allowance for doubtful accounts of $69,000 and $175,000, respectively 14,683,227 14,461,168
Inventories 33,752,710 25,986,003
Prepaid income taxes 2,113,926 3,893,003
Other current assets 783,352 999,863
Deferred income taxes 4,013,628 3,455,047
TOTAL CURRENT ASSETS 85,918,093 89,946,395
PROPERTY, PLANT AND EQUIPMENT, net 14,474,913 14,019,019
OTHER ASSETS:    
Investments 5,376,397 4,883,510
Goodwill 5,956,934 5,990,571
Funded pension assets   905,552
Other assets 808,308 913,869
TOTAL OTHER ASSETS 12,141,639 12,693,502
TOTAL ASSETS 112,534,645 116,658,916
CURRENT LIABILITIES:    
Current portion of long-term debt 457,464 427,345
Accounts payable 9,237,233 4,398,848
Accrued compensation and benefits 3,044,864 5,870,000
Accrued consideration 770,041 1,002,623
Other accrued liabilities 1,670,009 2,388,867
Dividends payable 61,833 1,299,963
TOTAL CURRENT LIABILITIES 15,241,444 15,387,646
LONG TERM LIABILITIES:    
Long-term compensation plans 350,457 283,075
Uncertain tax positions 320,426 405,673
Deferred income taxes 1,381,785 1,476,969
Pension liabilities 127,611  
Long term debt - mortgage payable 1,117,529 1,574,993
TOTAL LONG-TERM LIABILITIES 3,297,808 3,740,710
COMMITMENTS AND CONTINGENCIES (Footnote 8)      
STOCKHOLDERS' EQUITY    
Common stock, par value $.05 per share; 30,000,000 shares authorized; 8,474,896 and 8,466,774 shares issued and outstanding, respectively 423,745 423,339
Additional paid-in capital 36,404,518 35,533,273
Retained earnings 57,755,178 61,466,342
Accumulated other comprehensive (loss) income (588,048) 107,606
TOTAL STOCKHOLDERS' EQUITY 93,995,393 97,530,560
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 112,534,645 $ 116,658,916