Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 28,285,000	$ 8,943,000
Accounts receivable (less allowance for doubtful accounts: December 31, 2016 - $0; December 31, 2015 - $40,000)	19,551,000	36,886,000
Inventories:
Finished goods	1,876,000	1,646,000
Work in process	1,401,000	1,516,000
Raw materials and components	7,635,000	10,535,000
Total inventories, net	10,912,000	13,697,000
Deferred tax asset-current portion	1,381,000	1,598,000
Foreign sales tax receivable	228,000	280,000
Income taxes receivable	0	670,000
Prepaid expenses and other current assets	912,000	610,000
Total current assets	61,269,000	62,684,000
Property, plant and equipment, net	70,601,000	74,103,000
Goodwill	2,403,000	2,403,000
Intangible Assets, Net (Excluding Goodwill)	563,000	613,000
Total Assets	134,836,000	139,803,000
Current liabilities:
Current portion of long-term debt	3,000,000	3,714,000
Accounts payable	8,534,000	13,481,000
Tooling in progress	1,084,000	2,271,000
Current portion of post retirement benefits liability	1,018,000	1,088,000
Accrued liabilities:
Compensation and related benefits	5,004,000	8,474,000
Taxes	1,038,000	203,000
Other	1,620,000	1,919,000
Total current liabilities	21,298,000	31,150,000
Long-term debt	6,750,000	9,750,000
Deferred tax liability	2,373,000	2,252,000
Post retirement benefits liability	7,649,000	7,918,000
Total Liabilities	38,070,000	51,070,000
Commitments and Contingencies	0	0
Stockholders’ Equity:
Preferred stock — $0.01 par value, authorized shares - 10,000,000; no shares outstanding at December 31, 2016 and December 31, 2015	0	0
Common stock — $0.01 par value, authorized shares - 20,000,000; outstanding shares: 7,635,093 at December 31, 2016 and 7,596,500 at December 31, 2015	76,000	76,000
Paid-in capital	30,134,000	29,147,000
Accumulated other comprehensive income, net of income taxes	2,414,000	2,645,000
Treasury stock — at cost, 3,753,595 shares at December 31, 2016 and 3,743,005 shares at December 31, 2015	(27,781,000)	(27,647,000)
Retained earnings	91,923,000	84,512,000
Total Stockholders’ Equity	96,766,000	88,733,000
Total Liabilities and Stockholders’ Equity	$ 134,836,000	$ 139,803,000

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).

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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.