Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

 v2.3.0.11
BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash $ 1,492 $ 142
Accounts receivable, net of allowance of $175 in 2011 and 2010 7,214 6,155
Inventories, net 8,455 7,595
Income taxes receivable   3,952
Short term investments 2,022 9,518
Prepaid expenses 346 538
Deferred income taxes 2,067 790
Total current assets 21,596 28,690
Property, plant and equipment 116,241 114,321
Accumulated depreciation (24,012) (20,516)
Net property, plant and equipment 92,229 93,805
Deferred debt issuance costs, net of accumulated amortization of $1 in 2011 and $686 in 2010 54 76
Total assets 113,879 122,571
Current liabilities:    
Accounts payable 4,359 5,250
Accrued liabilities 2,591 2,269
Current portion of long-term debt 1,152 10,742
Total current liabilities 8,102 18,261
Long-term debt, less current portion 16,726 16,615
Deferred income taxes 18,887 18,099
Stockholders' equity:    
Common stock, $.001 par value, 25,000,000 shares authorized, 7,490,475 and 7,486,725 shares issued and outstanding in 2011 and 2010, respectively 7 7
Additional paid-in capital 39,165 38,916
Retained earnings 30,992 30,673
Total stockholders' equity 70,164 69,596
Total liabilities and stockholders' equity $ 113,879 $ 122,571