Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 29,804,000	$ 34,052,000
Receivables, net	17,481,000	16,470,000
Inventories	14,202,000	12,893,000
Prepaid expenses	930,000	664,000
Refundable income taxes	1,186,000	3,192,000
Total current assets	63,603,000	67,271,000
Property, plant and equipment	90,564,000	75,823,000
Less accumulated depreciation and amortization	(44,009,000)	(40,980,000)
Net property, plant and equipment	46,555,000	34,843,000
Goodwill	7,322,000	7,322,000
Intangible assets, net	636,000	953,000
Other assets	1,834,000	2,159,000
Total assets	119,950,000	112,548,000
Current liabilities:
Accounts payable	4,598,000	5,398,000
Accrued expenses	5,374,000	5,222,000
Current installments of long-term debt	1,011,000	993,000
Total current liabilities	10,983,000	11,613,000
Long-term debt, excluding current installments	859,000	1,873,000
Deferred income taxes	2,883,000	2,446,000
Other liabilities	1,653,000	1,624,000
Total liabilities	$ 16,378,000	$ 17,556,000
Commitments and contingencies (Note 14)
Stockholders' equity:
Preferred stock, $.01 par value. Authorized 1,000,000 shares; zero shares issued or outstanding
Common stock, $.01 par value. Authorized 20,000,000 shares; issued and outstanding 7,170,377 shares at December 31, 2015 and 7,068,815 shares at December 31, 2014	$ 72,000	$ 71,000
Additional paid-in capital	23,705,000	22,132,000
Retained earnings	80,382,000	72,789,000
Treasury stock at cost (29,559 shares at December 31, 2015 and zero shares at December 31, 2014)	(587,000)
Total stockholders' equity	103,572,000	94,992,000
Total liabilities and stockholders' equity	$ 119,950,000	$ 112,548,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).