XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 0 $ 4,634,000
Accounts receivable (less allowance for doubtful accounts: March 31, 2012 - $253,000; December 31, 2011 - $236,000) 25,044,000 22,048,000
Inventories:    
Finished goods 1,884,000 1,872,000
Work in process 1,935,000 1,547,000
Stores 8,566,000 7,989,000
Total inventories, net 12,385,000 11,408,000
Deferred tax asset-current portion 1,843,000 1,843,000
Foreign sales tax receivable 1,008,000 910,000
Prepaid expenses and other current assets 836,000 954,000
Total current assets 41,116,000 41,797,000
Property, plant and equipment — net 50,300,000 49,344,000
Deferred tax asset 1,070,000 1,045,000
Goodwill 1,097,000 1,097,000
Other assets 12,000 15,000
Total Assets 93,595,000 93,298,000
Current liabilities:    
Current portion of long-term debt 4,124,000 4,104,000
Revolving line of credit 193,000 0
Current portion of interest rate swaps 175,000 173,000
Accounts payable 11,050,000 9,813,000
Tooling in progress 2,201,000 1,520,000
Current portion of post retirement benefits liability 1,002,000 1,002,000
Accrued liabilities:    
Compensation and related benefits 4,262,000 7,147,000
Taxes 1,085,000 225,000
Other 899,000 1,003,000
Total current liabilities 24,991,000 24,987,000
Long-term debt 7,239,000 9,477,000
Interest rate swaps 123,000 158,000
Post retirement benefits liability 8,390,000 8,580,000
Total Liabilities 40,743,000 43,202,000
Commitments and Contingencies 0 0
Stockholders' Equity:    
Preferred stock - $0.01 par value, authorized shares - 10,000,000; Outstanding shares: none 0 0
Common stock - $0.01 par value, authorized shares - 20,000,000; Outstanding shares: 7,075,823 at March 31, 2012 and 7,048,069 at December 31, 2011 71,000 70,000
Paid-in capital 25,041,000 24,872,000
Retained earnings 50,407,000 47,772,000
Accumulated other comprehensive income, net of income taxes 3,837,000 3,877,000
Treasury stock (26,504,000) (26,495,000)
Total Stockholders' Equity 52,852,000 50,096,000
Total Liabilities and Stockholders' Equity $ 93,595,000 $ 93,298,000