Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 16,330,933 $ 20,059,120
Investments 4,624,757 5,742,314
Trade accounts receivable, less allowance for doubtful accounts of $23,000 and $69,000, respectively 16,624,831 22,902,323
Inventories 31,078,862 29,111,656
Prepaid income taxes 937,366 1,381,502
Other current assets 839,365 716,784
Deferred income taxes 3,293,993 3,758,750
TOTAL CURRENT ASSETS 73,730,107 83,672,449
PROPERTY, PLANT AND EQUIPMENT, net 17,178,956 14,941,492
OTHER ASSETS:    
Investments 11,071,820 3,920,978
Funded pension assets 44,657 305,028
Other assets 551,050 692,794
TOTAL OTHER ASSETS 11,667,527 4,918,800
TOTAL ASSETS 102,576,590 103,532,741
CURRENT LIABILITIES:    
Current portion of long-term debt 515,370 489,706
Accounts payable 6,036,438 4,894,869
Accrued compensation and benefits 3,363,478 3,927,728
Accrued consideration   558,801
Other accrued liabilities 1,650,168 1,765,428
Dividends payable 1,433,115 1,436,318
TOTAL CURRENT LIABILITIES 12,998,569 13,072,850
LONG TERM LIABILITIES:    
Uncertain tax positions 319,067 400,846
Deferred income taxes 882,756 809,179
Long term debt - mortgage payable 238,024 627,823
TOTAL LONG-TERM LIABILITIES 1,439,847 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; 8,648,481 and 8,553,320 shares issued and outstanding, respectively 432,424 427,666
Additional paid-in capital 38,269,069 37,110,671
Retained earnings 50,121,569 51,323,718
Accumulated other comprehensive loss (684,888) (240,012)
TOTAL STOCKHOLDERS' EQUITY 88,138,174 88,622,043
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 102,576,590 $ 103,532,741