Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 8,943,000	$ 2,312,000
Accounts receivable (less allowance for doubtful accounts: December 31, 2015 - $40,000; December 31, 2014 - $289,000)	36,886,000	34,360,000
Inventories:
Finished goods	1,646,000	1,402,000
Work in process	1,516,000	1,621,000
Raw materials and components	10,535,000	8,612,000
Total inventories, net	13,697,000	11,635,000
Deferred tax asset-current portion	1,598,000	1,868,000
Foreign sales tax receivable	280,000	1,447,000
Income taxes receivable	670,000	2,286,000
Prepaid expenses and other current assets	610,000	715,000
Total current assets	62,684,000	54,623,000
Property, plant and equipment, net	74,103,000	61,995,000
Goodwill	2,403,000	1,097,000
Intangible Assets, Net (Excluding Goodwill)	613,000	0
Total Assets	139,803,000	117,715,000
Current liabilities:
Current portion of long-term debt	3,714,000	1,714,000
Revolving line of credit	0	2,768,000
Current portion of interest rate swaps	2,000	34,000
Accounts payable	13,481,000	9,256,000
Tooling in progress	2,271,000	8,068,000
Current portion of post retirement benefits liability	1,088,000	1,064,000
Accrued liabilities:
Compensation and related benefits	8,474,000	7,087,000
Taxes	203,000	256,000
Other	1,917,000	1,132,000
Total current liabilities	31,150,000	31,379,000
Long-term debt	9,750,000	714,000
Interest rate swaps	0	3,000
Deferred tax liability	2,252,000	1,365,000
Post retirement benefits liability	7,918,000	8,108,000
Total Liabilities	51,070,000	41,569,000
Commitments and Contingencies	0	0
Stockholders’ Equity:
Preferred stock — $0.01 par value, authorized shares — 10,000,000; outstanding shares: 0 at December 31, 2015 and December 31, 2014	0	0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 7,596,500 at December 31, 2015 and 7,559,012 at December 31, 2014	76,000	76,000
Paid-in capital	29,147,000	28,138,000
Accumulated other comprehensive income, net of income taxes	2,645,000	2,830,000
Treasury stock	(27,647,000)	(27,360,000)
Retained earnings	84,512,000	72,462,000
Total Stockholders’ Equity	88,733,000	76,146,000
Total Liabilities and Stockholders’ Equity	$ 139,803,000	$ 117,715,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3-4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3
-Subparagraph a(1)
-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 4
-Article 5