2009

2008

ASSETS

Current assets:

Cash and cash equivalents

Accounts receivable, less allowance for doubtful accounts of $404 and $397, respectively and promotional allowances of $1,962 and $2,015, respectively

Inventories

Prepaid expenses

Refundable income taxes

Deferred income taxes, less valuation allowance of $1,852 and $2,422, respectively

Total current assets

Property, plant and equipment, net of accumulated depreciation of $55,362 and $53,740, respectively

Other non-current assets

Deferred income taxes, less valuation allowance of $6,592 and $6,193, respectively

Total assets

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

Accrued payroll, advertising and other expenses

Current portion of non-current liabilities

Total current liabilities

Non-current liabilities

Total liabilities

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 – 9,355 and 9,435 in 2009 and 2008, respectively

        Capital in excess of par value

        Retained earnings

        Accumulated other comprehensive loss

Total shareholders’ equity