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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Components of property, plant and equipment
Ranges of estimated useful lives for computing depreciation are as follows:
Land improvements
 
20 years
Buildings and improvements
 
20 - 40 years
Machinery and equipment
 
3 - 15 years
Tools, dies and patterns
 
3 - 5 years
Property, plant, and equipment consisted of the following at December 31:
 
2013
 
2012
Land and land improvements
$
5,098,000

 
$
5,098,000

Buildings
36,651,000

 
36,556,000

Machinery and equipment
60,897,000

 
56,831,000

Tools, dies, and patterns
808,000

 
808,000

Additions in progress
5,953,000

 
454,000

Total
109,407,000

 
99,747,000

Less accumulated depreciation
(52,929,000
)
 
(48,189,000
)
Property, plant, and equipment - net
$
56,478,000

 
$
51,558,000
Components of accumulated other comprehensive income
The following table presents changes in Accumulated Other Comprehensive Income by component, net of tax, for the years ended December 31, 2013 and 2012:

 
Losses on Interest Rate Swaps(A)
 
Post Retirement Benefit Plan Items(B)
 
Total
2012:
 
 
 
 
 
Balance at December 31, 2011
$
(109,000
)
 
$
3,986,000

 
3,877,000

Other comprehensive income before reclassifications
—

 
(792,000
)
 
(792,000
)
Amounts reclassified from accumulated other comprehensive income
83,000

 
(337,000
)
 
(254,000
)
Income tax (expense) benefit
(28,000
)
 
384,000

 
356,000

Balance at December 31, 2012
$
(54,000
)
 
$
3,241,000

 
3,187,000

 
 
 
 
 
 
2013:
 
 
 
 
 
Balance at December 31, 2012
$
(54,000
)
 
$
3,241,000

 
$
3,187,000

Other comprehensive income before reclassifications
—

 
2,917,000

 
2,917,000

Amounts reclassified from accumulated other comprehensive income
36,000

 
(295,000
)
 
(259,000
)
Income tax (expense) benefit
(12,000
)
 
(961,000
)
 
(973,000
)
Balance at December 31, 2013
$
(30,000
)
 
$
4,902,000

 
$
4,872,000


(A) The losses on interest rate swaps reclassified from Accumulated Other Comprehensive Income is included in interest expense on the Consolidated Statements of Income. The tax effect of losses on interest rate swaps reclassified from Accumulated Other Comprehensive Income is included in income tax expense on the Consolidated Statements of Income.

(B) The effect of post retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in total cost of sales on the Consolidated Statements of Income. These Accumulated Other Comprehensive Income components are included in the computation of net periodic benefit cost (see Note 11 Post Retirement Benefits for additional details). The tax effect of post retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in income tax expense on the Consolidated Statements of Income.