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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 71,952,000 $ 43,171,000
Accounts receivable, net of allowance for credit losses of $11 in 2023 and $12 in 2022 2,475,000 5,340,000
Inventories 61,611,000 73,015,000
Income taxes receivable 361,000 28,000
Pension plan assets   356,000
Prepaid expenses and other current assets 2,847,000 3,088,000
Total current assets 139,246,000 124,998,000
Property, plant and equipment, net of accumulated depreciation of $32,789 in 2023 and $33,055 in 2022 22,456,000 14,965,000
Goodwill 3,308,000 3,308,000
Other intangibles, net 465,000 465,000
Deferred income taxes 8,590,000 6,027,000
Retirement plan assets 15,379,000 9,881,000
Other assets 4,358,000 4,071,000
Total assets 193,802,000 163,715,000
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 6,071,000 8,250,000
Accrued expenses and other liabilities 16,496,000 15,340,000
Total current liabilities 22,567,000 23,590,000
Retirement plan liabilities 17,998,000 14,440,000
Other long-term liabilities 1,649,000 1,304,000
Total liabilities 42,214,000 39,334,000
Commitments and contingencies (Note 11)
Stockholders' Equity    
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 - 34,466,726 shares in 2023 and 34,217,582 shares in 2022 3,447,000 3,422,000
Retained earnings 148,141,000 122,954,000
Accumulated other comprehensive loss 0 (1,995,000)
Total stockholders' equity 151,588,000 124,381,000
Total liabilities and stockholders' equity $ 193,802,000 $ 163,715,000