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Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 0 $ 5,656,865
Accounts receivable (less allowance for doubtful accounts: June 30, 2011 - $113,000; December 31, 2010 - $118,000) 20,382,412 14,746,138
Inventories:    
Finished goods 2,005,651 1,491,886
Work in process 1,245,175 1,125,153
Stores 7,396,888 5,791,491
Total inventories, net 10,647,714 8,408,530
Deferred tax asset-current portion 1,390,928 1,390,928
Foreign sales tax receivable 1,264,875 1,001,039
Prepaid expenses and other current assets 1,091,653 874,041
Total current assets 34,777,582 32,077,541
Property, plant and equipment 87,140,768 83,657,334
Accumulated depreciation (42,230,734) (40,314,403)
Property, plant and equipment - net 44,910,034 43,342,931
Deferred tax asset 2,540,112 2,519,567
Goodwill 1,097,433 1,097,433
Other assets 19,481 24,793
Total Assets 83,344,642 79,062,265
Current liabilities:    
Current portion of long-term debt 4,074,289 4,151,420
Accounts payable 7,476,896 6,487,983
Tooling in progress 380,884 320,041
Current portion of post retirement benefits liability 933,000 933,000
Accrued liabilities:    
Compensation and related benefits 4,566,055 3,678,692
Interest payable 53,767 67,971
Taxes 668,063 456,351
Other 925,466 1,065,727
Total current liabilities 19,078,420 17,161,185
Long-term debt 10,739,282 13,581,425
Interest rate swaps 324,305 350,916
Post retirement benefits liability 9,901,564 9,904,000
Total Liabilities 40,043,571 40,997,526
Commitments and Contingencies    
Stockholders' Equity:    
Preferred stock - $0.01 par value, authorized shares - 10,000,000; Outstanding shares: 0 at June 30, 2011 and December 31, 2010 0 0
Common stock - $0.01 par value, authorized shares - 20,000,000; Outstanding shares: 6,917,635 at June 30, 2011 and 6,880,295 at December 31, 2010 69,176 68,803
Paid-in capital 24,045,491 23,790,263
Accumulated other comprehensive income, net of income taxes 3,143,394 3,213,197
Treasury stock (26,314,186) (26,253,478)
Retained earnings 42,357,196 37,245,954
Total Stockholders' Equity 43,301,071 38,064,739
Total Liabilities and Stockholders' Equity $ 83,344,642 $ 79,062,265