Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 8,103,878 $ 17,869,712
Investments 8,113,687 12,701,538
Trade accounts receivable, less allowance for doubtful accounts of $56,000 and $69,000, respectively 36,731,208 14,683,227
Inventories 28,551,690 33,752,710
Prepaid income taxes   2,113,926
Other current assets 693,804 783,352
Deferred income taxes 4,203,426 4,013,628
TOTAL CURRENT ASSETS 86,397,693 85,918,093
PROPERTY, PLANT AND EQUIPMENT, net 14,764,093 14,474,913
OTHER ASSETS:    
Investments 2,976,742 5,376,397
Goodwill   5,956,934
Other assets 712,998 808,308
TOTAL OTHER ASSETS 3,689,740 12,141,639
TOTAL ASSETS 104,851,526 112,534,645
CURRENT LIABILITIES:    
Current portion of long-term debt 481,439 457,464
Accounts payable 4,993,242 9,237,233
Accrued compensation and benefits 3,492,892 3,044,864
Accrued consideration 256,519 770,041
Other accrued liabilities 1,843,606 1,670,009
Income taxes payable 47,061  
Dividends payable 1,442,951 61,833
TOTAL CURRENT LIABILITIES 12,557,710 15,241,444
LONG TERM LIABILITIES:    
Long-term compensation plans   350,457
Uncertain tax positions 233,782 320,426
Deferred income taxes 877,963 1,381,785
Pension liabilities 154,095 127,611
Long term debt - mortgage payable 753,394 1,117,529
TOTAL LONG-TERM LIABILITIES 2,019,234 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; 8,548,273 and 8,474,896 shares issued and outstanding, respectively 427,414 423,745
Additional paid-in capital 37,133,171 36,404,518
Retained earnings 53,488,776 57,755,178
Accumulated other comprehensive loss (774,779) (588,048)
TOTAL STOCKHOLDERS' EQUITY 90,274,582 93,995,393
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 104,851,526 $ 112,534,645