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Consolidated Balance Sheets
December 31 1999 1998
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(in thousands, except for share data)
Assets:
Current assets:
Cash and cash equivalents $ 10,406 $ 12,387
Accounts receivable, net 23,793 26,283
Inventory, net 49,462 38,465
Other current assets 4,279 1,724
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Total current assets 87,940 78,859
Property, plant and equipment, net 40,192 27,535
Intangible assets, net 18,038 12,500
Other assets 2,394 2,225
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Total assets $ 148,564 $ 121,119
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Liabilities and shareholders' equity:
Current liabilities:
Accounts payable $ 11,022 $ 13,004
Accrued liabilities 17,813 23,651
Current portion of long-term debt 5,400 10,083
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Total current liabilities 34,235 46,738
Long-term debt 49,000 18,500
Other liabilities 4,509 6,522
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Total liabilities 87,744 71,760
Commitments and contingencies
Shareholders' equity:
Preferred stock, no par value, 1,000,000 shares
authorized; no shares issued - -
Common stock, non-voting, par value $.01 per share,
10,000,000 shares authorized; no shares issued - -
Common stock, par value $.01 per share, 20,000,000 shares
authorized; 9,589,214 and 9,450,593 shares issued and
outstanding in 1999 and 1998, respectively 96 95
Additional paid-in capital 23,921 23,238
Retained earnings 36,876 27,320
Accumulated other comprehensive income (loss) (73) (1,294)
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Total shareholders' equity 60,820 49,359
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Total liabilities and shareholders' equity $ 148,564 $ 121,119
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The accompanying notes are an integral part of the consolidated financial statements.
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Management's Discussion and Analysis of Financial Consolidated Income Statements Consolidated Statements of Cash Flows Consolidated Statements of Shareholders' Equity Notes to Consolidated Financial Statements 1 Notes to Consolidated Financial Statements 2 |
Financial Summary |