Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 17,887,316 $ 20,059,120
Investments 5,322,407 5,742,314
Trade accounts receivable, less allowance for doubtful accounts of $52,000 and $69,000, respectively 16,219,261 22,902,323
Inventories 29,854,972 29,111,656
Prepaid income taxes 1,607,199 1,381,502
Other current assets 708,943 716,784
Deferred income taxes 3,639,000 3,758,750
TOTAL CURRENT ASSETS 75,239,098 83,672,449
PROPERTY, PLANT AND EQUIPMENT, net 15,471,049 14,941,492
OTHER ASSETS:    
Investments 9,477,784 3,920,978
Funded pension assets 220,438 305,028
Other assets 664,833 692,794
TOTAL OTHER ASSETS 10,363,055 4,918,800
TOTAL ASSETS 101,073,202 103,532,741
CURRENT LIABILITIES:    
Current portion of long-term debt 498,115 489,706
Accounts payable 5,751,527 4,894,869
Accrued compensation and benefits 2,569,710 3,927,728
Accrued consideration   558,801
Other accrued liabilities 1,663,976 1,765,428
Dividends payable 1,454,417 1,436,318
TOTAL CURRENT LIABILITIES 11,937,745 13,072,850
LONG TERM LIABILITIES:    
Uncertain tax positions 406,250 400,846
Deferred income taxes 780,792 809,179
Long term debt - mortgage payable 500,096 627,823
TOTAL LONG-TERM LIABILITIES 1,687,138 1,837,848
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; 8,600,247 and 8,553,320 shares issued and outstanding, respectively 430,012 427,666
Additional paid-in capital 37,545,498 37,110,671
Retained earnings 49,796,504 51,323,718
Accumulated other comprehensive loss (323,695) (240,012)
TOTAL STOCKHOLDERS' EQUITY 87,448,319 88,622,043
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 101,073,202 $ 103,532,741