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Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,478,000 $ 2,266,000
Accounts receivable (less allowance for doubtful accounts: June 30, 2014 - $213,000; December 31, 2013 - $141,000) 28,426,000 22,069,000
Inventories:    
Finished goods 1,410,000 1,739,000
Work in process 1,915,000 1,515,000
Stores 7,594,000 7,573,000
Total inventories, net 10,919,000 10,827,000
Deferred tax asset-current portion 1,615,000 1,615,000
Foreign sales tax receivable 1,449,000 1,324,000
Income taxes receivable 0 327,000
Prepaid expenses and other current assets 1,154,000 822,000
Total current assets 45,041,000 39,250,000
Property, plant and equipment — net 61,277,000 56,478,000
Deferred tax asset 296,000 296,000
Goodwill 1,097,000 1,097,000
Total Assets 107,711,000 97,121,000
Current liabilities:    
Revolving line of credit 7,612,000 0
Current portion of long-term debt 1,714,000 3,314,000
Current portion of interest rate swaps 54,000 71,000
Accounts payable 9,762,000 9,625,000
Tooling in progress 840,000 334,000
Current portion of post retirement benefits liability 943,000 943,000
Accrued liabilities:    
Compensation and related benefits 5,745,000 5,952,000
Taxes 172,000 199,000
Other 1,013,000 943,000
Total current liabilities 27,855,000 21,381,000
Long-term debt 1,572,000 2,429,000
Interest rate swaps 14,000 32,000
Post retirement benefits liability 5,617,000 5,831,000
Total Liabilities 35,058,000 29,673,000
Commitments and Contingencies 0 0
Stockholders' Equity:    
Preferred stock — $0.01 par value, authorized shares — 10,000,000; outstanding shares: 0 at June 30, 2014 and December 31, 2013 0 0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 7,534,375 at June 30, 2014 and 7,318,773 at December 31, 2013 75,000 73,000
Paid-in capital 27,618,000 26,757,000
Accumulated other comprehensive income, net of income taxes 4,724,000 4,872,000
Treasury stock (27,232,000) (27,082,000)
Retained earnings 67,468,000 62,828,000
Total Stockholders' Equity 72,653,000 67,448,000
Total Liabilities and Stockholders' Equity $ 107,711,000 $ 97,121,000