Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 14,952,432 $ 20,059,120
Investments 5,876,551 5,742,314
Trade accounts receivable, less allowance for doubtful accounts of $53,000 and $69,000, respectively 19,166,945 22,902,323
Inventories 31,080,110 29,111,656
Prepaid income taxes 984,430 1,381,502
Other current assets 637,897 716,784
Deferred income taxes 3,482,739 3,758,750
TOTAL CURRENT ASSETS 76,181,104 83,672,449
PROPERTY, PLANT AND EQUIPMENT, net 16,255,766 14,941,492
OTHER ASSETS:    
Investments 10,624,217 3,920,978
Funded pension assets 136,221 305,028
Other assets 601,394 692,794
TOTAL OTHER ASSETS 11,361,832 4,918,800
TOTAL ASSETS 103,798,702 103,532,741
CURRENT LIABILITIES:    
Current portion of long-term debt 506,669 489,706
Accounts payable 7,031,207 4,894,869
Accrued compensation and benefits 3,555,628 3,927,728
Accrued consideration   558,801
Other accrued liabilities 1,901,293 1,765,428
Dividends payable 1,419,807 1,436,318
TOTAL CURRENT LIABILITIES 14,414,604 13,072,850
LONG TERM LIABILITIES:    
Uncertain tax positions 321,668 400,846
Deferred income taxes 811,768 809,179
Long term debt - mortgage payable 370,175 627,823
TOTAL LONG-TERM LIABILITIES 1,503,611 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; 8,641,853 and 8,553,320 shares issued and outstanding, respectively 432,093 427,666
Additional paid-in capital 37,963,961 37,110,671
Retained earnings 49,835,300 51,323,718
Accumulated other comprehensive loss (350,867) (240,012)
TOTAL STOCKHOLDERS' EQUITY 87,880,487 88,622,043
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 103,798,702 $ 103,532,741