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Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 20,364,000 $ 8,943,000
Accounts receivable (less allowance for doubtful accounts: June 30, 2016 - $11,000; December 31, 2015 - $40,000) 23,922,000 36,886,000
Inventories:    
Inventory, Finished Goods, Net of Reserves 1,704,000 1,646,000
Inventory, Work in Process, Net of Reserves 1,273,000 1,516,000
Inventory, Stores, Net of Reserves 9,265,000 10,535,000
Total inventories, net 12,242,000 13,697,000
Deferred tax asset-current portion 1,598,000 1,598,000
Foreign sales tax receivable 229,000 280,000
Income taxes receivable 0 670,000
Prepaid expenses and other current assets 1,101,000 610,000
Total current assets 59,456,000 62,684,000
Property, plant and equipment — net 72,098,000 74,103,000
Goodwill 2,403,000 2,403,000
Intangible Assets, Net (Excluding Goodwill) 588,000 613,000
Total Assets 134,545,000 139,803,000
Current liabilities:    
Current portion of long-term debt 3,000,000 3,714,000
Accounts payable 8,174,000 13,481,000
Tooling in progress 4,043,000 2,271,000
Current portion of post retirement benefits liability 1,088,000 1,088,000
Accrued liabilities:    
Compensation and related benefits 4,810,000 8,474,000
Taxes 133,000 203,000
Other 1,455,000 1,919,000
Total current liabilities 22,703,000 31,150,000
Long-term debt 8,250,000 9,750,000
Deferred Tax Liabilities, Net, Noncurrent 2,252,000 2,252,000
Post retirement benefits liability 7,941,000 7,918,000
Total Liabilities 41,146,000 51,070,000
Stockholders' Equity:    
Preferred stock — $0.01 par value, authorized shares — 10,000,000; outstanding shares: 0 at June 30, 2016 and December 31, 2015 0 0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 7,635,093 at June 30, 2016 and 7,596,500 at December 31, 2015 76,000 76,000
Paid-in capital 29,713,000 29,147,000
Accumulated other comprehensive income, net of income taxes 2,529,000 2,645,000
Treasury stock (27,781,000) (27,647,000)
Retained earnings 88,862,000 84,512,000
Total Stockholders' Equity 93,399,000 88,733,000
Total Liabilities and Stockholders' Equity 134,545,000 139,803,000
Commitments and Contingencies $ 0 $ 0