Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 220 $ 1,501
Receivables, principally U.S. Government, net 78,387 90,621
Inventories 39,315 41,555
Deferred tax assets 863 767
Other current assets 10,641 8,641
Current assets of discontinued operations 0 2,890
Total current assets 129,426 145,975
Property and equipment, net 57,738 62,468
Intangible assets, net 82,257 92,421
Goodwill 92,052 92,052
Deferred tax assets 2,545 2,099
Other assets 16,511 15,196
Total assets 380,529 410,211
Liabilities and stockholders' equity    
Current portion of long-term debt 24,837 23,274
Accounts payable 31,757 30,063
Accrued expenses and other current liabilities 24,661 26,688
Dividends payable 480 423
Current liabilities of discontinued operations 0 551
Total current liabilities 81,735 80,999
Long-term debt, less current portion 64,487 116,377
Deferred compensation 11,454 10,684
Long-term lease obligations, less current portion 25,721 27,435
Earn-out obligations, less current portion 9,062 9,098
Other liabilities 1,267 1,283
Total liabilities 193,726 245,876
Stockholders' equity    
Common stock, par value $0.05 per share, authorized 15,000,000 shares; issued and outstanding 5,333,077 and 5,293,316 respectively 267 265
Additional paid-in capital 19,139 18,193
Retained earnings 167,598 146,614
Accumulated other comprehensive loss (201) (737)
Total stockholders' equity 186,803 164,335
Total liabilities and stockholders' equity $ 380,529 $ 410,211