Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current Assets:    
Cash and Cash Equivalents $ 10,919 $ 22,709
Accounts Receivable, Net of Allowance for Doubtful Accounts 35,669 30,941
Inventories 40,094 37,763
Prepaid Expenses 2,421 2,167
Deferred Income Taxes 3,207 3,560
Total Current Assets 92,310 97,140
Property, Plant and Equipment, at Cost:    
Land 2,819 1,639
Buildings and Improvements 22,760 18,775
Machinery and Equipment 37,289 34,890
Construction in Progress 7,702 1,559
Total property, plant and equipment, at cost 70,570 56,863
Less Accumulated Depreciation 29,448 25,990
Net Property, Plant and Equipment 41,122 30,873
Deferred Income Taxes 7,039 6,883
Intangible Assets, Net of Accumulated Amortization 14,000 5,040
Other Assets 3,249 3,342
Goodwill 17,185 7,610
Total Assets 174,905 150,888
Current Liabilities:    
Current Maturities of Long-term Debt 5,290 5,314
Accounts Payable 10,559 10,583
Accrued Payroll and Employee Benefits 9,261 7,086
Customer Advanced Payments and Deferred Revenue 5,796 3,853
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts 264 1,519
Other Accrued Expenses 2,307 2,930
Total Current Liabilities 33,477 31,285
Long-term Debt 27,973 33,264
Supplemental Retirement Plan and Other Liabilities for Pension Benefits 7,765 6,265
Other Liabilities 2,827 2,859
Total Liabilities 72,042 73,673
Shareholders' Equity    
Additional Paid-in Capital 19,279 14,326
Accumulated Other Comprehensive Loss (886) (2)
Retained Earnings 86,622 65,047
Total shareholders' equity 105,144 79,496
Less Treasury Stock: 528,341 Shares in 2011 and 2010 2,281 2,281
Total Shareholders' Equity 102,863 77,215
Total Liabilities and Shareholders' Equity 174,905 150,888
Common Stock
    
Shareholders' Equity    
Common stock, value 97 89
Total Shareholders' Equity 97 89
Common Class B Stock
    
Shareholders' Equity    
Common stock, value 32 36
Total Shareholders' Equity $ 32 $ 36