XML 58 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 7,838 $ 4,634
Accounts receivable (less allowance for doubtful accounts: December 31, 2012 - $258,000; December 31, 2011 - $236,000) 14,623 22,048
Inventories:    
Finished goods 1,664 1,872
Work in process 1,450 1,547
Stores 6,851 7,989
Total inventories, net 9,965 11,408
Deferred tax asset-current portion 1,698 1,843
Foreign sales tax receivable 1,268 910
Income taxes receivable 1,271 0
Prepaid expenses and other current assets 1,063 954
Total current assets 37,726 41,797
Property, plant and equipment — net 51,558 49,344
Deferred tax asset 1,466 1,045
Goodwill 1,097 1,097
Other assets 2 15
Total Assets 91,849 93,298
Current liabilities:    
Current portion of long-term debt 3,734 4,104
Current portion of interest rate swaps 114 173
Accounts payable 6,871 9,813
Tooling in progress 3 1,520
Current portion of post retirement benefits liability 1,065 1,002
Accrued liabilities:    
Compensation and related benefits 6,284 7,147
Taxes 260 225
Other 756 1,003
Total current liabilities 19,087 24,987
Long-term debt 5,743 9,477
Interest rate swaps 99 158
Post retirement benefits liability 8,922 8,580
Total Liabilities 33,851 43,202
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock — $0.01 par value, authorized shares — 10,000,000; outstanding shares: 0 at December 31, 2012 and December 31, 2011 0 0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 7,130,804 at December 31, 2012 and 7,048,069 at December 31, 2011 71 70
Paid-in capital 25,526 24,872
Accumulated other comprehensive income, net of income taxes 3,187 3,877
Treasury stock (26,748) (26,495)
Retained earnings 55,962 47,772
Total Stockholders’ Equity 57,998 50,096
Total Liabilities and Stockholders’ Equity $ 91,849 $ 93,298