Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 10,309,000	$ 527,000
Trade and other receivables, less allowance for doubtful accounts of $751 and $755	27,567,000	58,310,000
Costs and estimated earnings in excess of billings on uncompleted contracts	42,592,000	45,847,000
Inventories	29,475,000	72,779,000
Refundable income taxes	$ 3,413,000	5,031,000
Deferred income taxes		5,487,000
Prepaid expenses and other	$ 1,923,000	7,258,000
Total current assets	115,279,000	195,239,000
Property and equipment, net	131,848,000	132,595,000
Goodwill	0	5,282,000
Other assets	12,253,000	18,766,000
Total assets	259,380,000	351,882,000
Current liabilities:
Current portion of capital lease obligations	340,000	2,170,000
Accounts payable	4,739,000	15,480,000
Accrued liabilities	15,971,000	9,071,000
Billings in excess of costs and estimated earnings on uncompleted contracts	520,000	2,835,000
Total current liabilities	$ 21,570,000	29,556,000
Borrowings on line of credit		45,587,000
Capital lease obligations, less current portion	$ 718,000	225,000
Deferred income taxes	5,124,000	14,015,000
Pension and other long-term liabilities	14,408,000	16,864,000
Total liabilities	$ 41,820,000	$ 106,247,000
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued or outstanding
Common stock, $.01 par value, 15,000,000 shares authorized, 9,564,752 and 9,520,067 shares issued and outstanding	$ 96,000	$ 95,000
Additional paid-in-capital	117,819,000	116,802,000
Retained earnings	101,183,000	130,571,000
Accumulated other comprehensive loss	(1,538,000)	(1,833,000)
Total stockholders’ equity	217,560,000	245,635,000
Total liabilities and stockholders’ equity	$ 259,380,000	$ 351,882,000

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).