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Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 4,634,000 $ 5,657,000
Accounts receivable (less allowance for doubtful accounts: December 31, 2011 - $236,000; December 31, 2010 - $118,000) 22,048,000 14,746,000
Inventories:    
Finished goods 1,872,000 1,492,000
Work in process 1,547,000 1,125,000
Stores 7,989,000 5,792,000
Total inventories, net 11,408,000 8,409,000
Deferred tax asset-current portion 1,843,000 1,391,000
Foreign sales tax receivable 910,000 1,001,000
Prepaid expenses and other current assets 954,000 874,000
Total current assets 41,797,000 32,078,000
Property, plant and equipment 93,236,000 83,657,000
Accumulated depreciation (43,892,000) (40,314,000)
Property, plant and equipment - net 49,344,000 43,343,000
Deferred tax asset 1,045,000 2,520,000
Goodwill 1,097,000 1,097,000
Other assets 15,000 24,000
Total Assets 93,298,000 79,062,000
Current liabilities:    
Current portion of long-term debt 4,104,000 4,151,000
Accounts payable 9,813,000 6,488,000
Tooling in progress 1,520,000 320,000
Current portion of post retirement benefits liability 1,002,000 933,000
Accrued liabilities:    
Compensation and related benefits 7,147,000 3,679,000
Taxes 225,000 456,000
Other 1,003,000 1,135,000
Total current liabilities 24,814,000 17,162,000
Long-term debt 9,477,000 13,581,000
Interest rate swaps 331,000 351,000
Post retirement benefits liability 8,580,000 9,904,000
Total Liabilities 43,202,000 40,998,000
Commitments and Contingencies 0 0
Stockholders' Equity:    
Preferred stock - $0.01 par value, authorized shares - 10,000,000; Outstanding shares: 0 at December 31, 2011 and December 31, 2010 0 0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 7,048,069 at December 31, 2011 and 6,880,295 at December 31, 2010 70,000 69,000
Paid-in capital 24,872,000 23,790,000
Accumulated other comprehensive income, net of income taxes 3,877,000 3,213,000
Treasury stock (26,495,000) (26,254,000)
Retained earnings 47,772,000 37,246,000
Total Stockholders' Equity 50,096,000 38,064,000
Total Liabilities and Stockholders' Equity $ 93,298,000 $ 79,062,000