Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 1,891,000	$ 26,780,000
Accounts receivable, net	45,468,000	19,846,000
Inventories:
Finished goods	6,453,000	2,948,000
Work in process	2,034,000	2,061,000
Raw materials and components	17,278,000	8,450,000
Total inventories, net	25,765,000	13,459,000
Contract with Customer, Asset, Net	3,915,000	2,872,000
Foreign sales tax receivable	1,789,000	610,000
Prepaid expenses and other current assets	1,474,000	1,388,000
Total current assets	80,302,000	64,955,000
Property, plant and equipment, net	80,657,000	68,631,000
Deferred Tax Assets, Net, Noncurrent	1,153,000	0
Goodwill	21,476,000	2,403,000
Intangible Assets, Net (Excluding Goodwill)	15,413,000	513,000
Other Assets, Noncurrent	2,197,000	2,076,000
Total Assets	201,198,000	138,578,000
Current liabilities:
Current portion of long-term debt	3,230,000	3,000,000
Accounts payable	25,450,000	13,850,000
Contract with Customer, Liability	1,686,000	955,000
Current portion of post retirement benefits liability	1,157,000	1,096,000
Accrued liabilities:
Compensation and related benefits	5,154,000	3,524,000
Taxes	0
Other	3,514,000	2,161,000
Total current liabilities	40,191,000	24,586,000
Long-term Debt	37,784,000	3,750,000
Long-term Line of Credit	17,375,000	0
Deferred Tax Liabilities, Net, Noncurrent	0	395,000
Post retirement benefits liability	6,919,000	7,954,000
Total Liabilities	102,269,000	36,685,000
Commitments and Contingencies	0	0
Stockholders’ Equity:
Preferred stock — $0.01 par value, authorized shares - 10,000,000; no shares outstanding at December 31, 2018 and December 31, 2017	0	0
Common stock — $0.01 par value, authorized shares - 20,000,000; outstanding shares: 7,776,164 at December 31, 2018 and 7,711,277 at December 31, 2017	78,000	77,000
Paid-in capital	33,208,000	31,465,000
Accumulated other comprehensive income, net of income taxes	2,117,000	2,070,000
Treasury stock — at cost, 3,790,308 shares at December 31, 2018 and 3,773,128 shares at December 31, 2017	(28,403,000)	(28,153,000)
Retained earnings	91,929,000	96,434,000
Total Stockholders’ Equity	98,929,000	101,893,000
Total Liabilities and Stockholders’ Equity	$ 201,198,000	$ 138,578,000

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.