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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 52,379,000 $ 71,952,000
Accounts receivable, net of allowance for credit losses of $11 in 2024 and $11 in 2023 4,176,000 2,475,000
Inventories 49,960,000 61,611,000
Income taxes receivable 439,000 361,000
Prepaid expenses and other current assets 3,040,000 2,847,000
Total current assets 109,994,000 139,246,000
Property, plant and equipment, net of accumulated depreciation of $34,409 in 2024 and $32,789 in 2023 24,247,000 22,456,000
Goodwill 3,308,000 3,308,000
Other intangibles, net 465,000 465,000
Deferred income taxes 9,729,000 8,590,000
Retirement plan assets 18,489,000 15,379,000
Other long-term assets 5,015,000 4,358,000
Total assets 171,247,000 193,802,000
Liabilities    
Accounts payable 5,499,000 6,071,000
Accrued expenses and other liabilities 13,425,000 16,496,000
Total current liabilities 18,924,000 22,567,000
Retirement plan liabilities 21,667,000 17,998,000
Other long-term liabilities 1,653,000 1,649,000
Total liabilities 42,244,000 42,214,000
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 - 34,707,304 shares in 2024 and 34,466,726 shares in 2023 3,471,000 3,447,000
Retained earnings 125,532,000 148,141,000
Total stockholders' equity 129,003,000 151,588,000
Total liabilities and stockholders' equity $ 171,247,000 $ 193,802,000