Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 10,824,540 $ 17,869,712
Investments 10,679,437 12,701,538
Trade accounts receivable, less allowance for doubtful accounts of $55,000 and $69,000, respectively 18,358,611 14,683,227
Inventories 36,980,325 33,752,710
Prepaid income taxes 2,015,128 2,113,926
Other current assets 922,561 783,352
Deferred income taxes 4,144,404 4,013,628
TOTAL CURRENT ASSETS 83,925,006 85,918,093
PROPERTY, PLANT AND EQUIPMENT, net 14,403,000 14,474,913
OTHER ASSETS:    
Investments 6,203,992 5,376,397
Goodwill 5,797,671 5,956,934
Other assets 739,931 808,308
TOTAL OTHER ASSETS 12,741,594 12,141,639
TOTAL ASSETS 111,069,600 112,534,645
CURRENT LIABILITIES:    
Current portion of long-term debt 465,320 457,464
Accounts payable 7,990,304 9,237,233
Accrued compensation and benefits 2,536,366 3,044,864
Accrued consideration 581,750 770,041
Other accrued liabilities 1,955,024 1,670,009
Dividends payable 1,453,035 61,833
TOTAL CURRENT LIABILITIES 14,981,799 15,241,444
LONG TERM LIABILITIES:    
Long-term compensation plans 42,069 350,457
Uncertain tax positions 327,221 320,426
Deferred income taxes 1,423,459 1,381,785
Pension liabilities 325,810 127,611
Long term debt - mortgage payable 998,211 1,117,529
TOTAL LONG-TERM LIABILITIES 3,116,770 3,297,808
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; 8,523,719 and 8,474,896 shares issued and outstanding, respectively 426,186 423,745
Additional paid-in capital 37,087,003 36,404,518
Retained earnings 56,606,937 57,755,178
Accumulated other comprehensive loss (1,149,095) (588,048)
TOTAL STOCKHOLDERS' EQUITY 92,971,031 93,995,393
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 111,069,600 $ 112,534,645