Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 11,530,222 $ 17,869,712
Investments 6,818,774 12,701,538
Trade accounts receivable, less allowance for doubtful accounts of $53,000 and $69,000, respectively 21,200,305 14,683,227
Inventories 39,280,036 33,752,710
Prepaid income taxes   2,113,926
Other current assets 561,565 783,352
Deferred income taxes 4,014,191 4,013,628
TOTAL CURRENT ASSETS 83,405,093 85,918,093
PROPERTY, PLANT AND EQUIPMENT, net 14,674,298 14,474,913
OTHER ASSETS:    
Investments 5,420,508 5,376,397
Goodwill 5,800,826 5,956,934
Other assets 711,094 808,308
TOTAL OTHER ASSETS 11,932,428 12,141,639
TOTAL ASSETS 110,011,819 112,534,645
CURRENT LIABILITIES:    
Current portion of long-term debt 473,311 457,464
Accounts payable 6,203,127 9,237,233
Accrued compensation and benefits 3,269,735 3,044,864
Accrued consideration 266,147 770,041
Other accrued liabilities 1,896,341 1,670,009
Income taxes payable 269,393  
Dividends payable 1,430,111 61,833
TOTAL CURRENT LIABILITIES 13,808,165 15,241,444
LONG TERM LIABILITIES:    
Long-term compensation plans   350,457
Uncertain tax positions 334,120 320,426
Deferred income taxes 1,465,165 1,381,785
Pension liabilities 326,220 127,611
Long term debt - mortgage payable 876,845 1,117,529
TOTAL LONG-TERM LIABILITIES 3,002,350 3,297,808
COMMITMENTS AND CONTINGENCIES (Footnote 7)      
STOCKHOLDERS' EQUITY    
Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued      
Common stock, par value $.05 per share; 30,000,000 shares authorized; 8,544,037 and 8,474,896 shares issued and outstanding, respectively 427,202 423,745
Additional paid-in capital 37,034,153 36,404,518
Retained earnings 56,904,289 57,755,178
Accumulated other comprehensive loss (1,164,340) (588,048)
TOTAL STOCKHOLDERS' EQUITY 93,201,304 93,995,393
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 110,011,819 $ 112,534,645