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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 43,171,000 $ 14,102,000
Accounts receivable, net of allowance for credit losses of $12 in 2022 and 2021 5,340,000 3,262,000
Inventories 73,015,000 73,261,000
Income taxes receivable 28,000 10,000
Pension plan assets 356,000  
Prepaid expenses and other current assets 3,088,000 2,474,000
Total current assets 124,998,000 93,109,000
Property, plant and equipment, net of accumulated depreciation of $33,055 in 2022 and $31,878 in 2021 14,965,000 14,370,000
Goodwill 3,308,000 3,308,000
Other intangibles, net 465,000 465,000
Deferred income taxes 6,027,000 4,392,000
Other assets 13,952,000 17,197,000
Total assets 163,715,000 132,841,000
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 8,250,000 6,771,000
Accrued expenses and other liabilities 15,340,000 11,298,000
Total current liabilities 23,590,000 18,069,000
Pension and retirement plans liabilities 14,440,000 15,564,000
Other long-term liabilities 1,304,000 683,000
Total liabilities 39,334,000 34,316,000
Commitments and contingencies (Note 11)
Preferred stock, $0.10 par value, 1,000,000 shares authorized, none issued
Common stock, $0.10 par value, 74,000,000 shares authorized, issued and outstanding - 34,217,582 shares in 2022 and 33,992,054 shares in 2021 3,422,000 3,399,000
Retained earnings 122,954,000 97,702,000
Accumulated other comprehensive loss (1,995,000) (2,576,000)
Total stockholders' equity 124,381,000 98,525,000
Total liabilities and stockholders' equity $ 163,715,000 $ 132,841,000