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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 1,688,000 $ 2,890,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,605,000 1,641,000
Interest rate swaps - Mark-to-market and amortization of losses 0 3,000
Share-based compensation 265,000 175,000
(Gain) loss on foreign currency translation and transaction 15,000 86,000
Change in operating assets and liabilities:    
Accounts receivable (2,570,000) 4,933,000
Inventories (773,000) 690,000
Prepaid and other assets 4,000 136,000
Accounts payable 1,633,000 (3,801,000)
Increase (Decrease) in Income Taxes Receivable 0 670,000
Accrued and other liabilities 1,861,000 504,000
Post retirement benefits liability (102,000) (69,000)
Net cash provided by operating activities 3,626,000 7,858,000
Cash flows from investing activities:    
Purchase of property, plant and equipment (544,000) (1,247,000)
Net cash used in investing activities (544,000) (1,247,000)
Cash flows from financing activities:    
Payments related to purchase of treasury stock (26,000) 0
Net cash used in financing activities (776,000) (1,178,000)
Net change in cash and cash equivalents 2,306,000 5,433,000
Cash and cash equivalents at beginning of period 28,285,000 8,943,000
Cash and cash equivalents at end of period 30,591,000 14,376,000
Cash paid for:    
Interest (net of amounts capitalized) 64,000 85,000
Income taxes 0 4,000
Non Cash:    
Fixed asset purchases in accounts payable 561,000 154,000
Term Loan [Member]    
Cash flows from financing activities:    
Repayments of Short-term Debt 750,000 750,000
Capex Loan [Member]    
Cash flows from financing activities:    
Repayments of Short-term Debt $ 0 $ 428,000