2007

2006

(as restated)

ASSETS

Current assets:

Cash and cash equivalents

$

11,336

$

1,180

Trading securities

—

12,200

Accounts receivable, less allowance for doubtful accounts of $482 and $524, respectively and promotional allowances of $1,980 and $2,170, respectively

8,563

10,222

Inventories

18,332

19,544

Prepaid expenses

1,137

291

Refundable income taxes

497

655

Deferred income taxes

1,490

1,821

Total current assets

41,355

45,913

Property, plant and equipment, net of accumulated depreciation of $53,840 and $53,941, respectively

11,221

13,041

Other non-current assets

11,191

10,620

Deferred income taxes

3,880

3,357

Total assets

$

67,647

$

72,931

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$

2,978

$

3,923

Accrued payroll, advertising and other expenses

5,253

6,029

Current portion of non-current liabilities

3,671

4,279

Total current liabilities

11,902

14,231

Non-current liabilities

5,776

8,514

Contingencies and commitments (Notes 3, 5 and 6)

Shareholders’ equity:

Preferred stock, without par value

Authorized - 1,000 shares Issued and outstanding – none

—

—

Common stock, $1.00 par value

Authorized - 20,000 shares. Issued and outstanding - 9,889 in 2007 and 9,958 in 2006

9,946

10,015

Capital in excess of par value

13,789

14,235

Retained earnings

26,837

27,129

Accumulated other comprehensive loss

(603

)

(1,193

)

Total shareholders’ equity

49,969

50,186

$

67,647

$

72,931