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Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 14,809,000 $ 1,856,000
Accounts receivable, net 26,306,000 32,424,000
Inventories, net 15,233,000 21,682,000
Income tax receivable 2,657,000 652,000
Prepaid expenses and other current assets 3,688,000 4,611,000
Total current assets 62,693,000 61,225,000
Right of use asset 3,506,000 4,484,000
Property, plant and equipment, net 75,207,000 79,206,000
Goodwill 17,376,000 17,376,000
Intangibles, net 12,003,000 13,464,000
Other non-current assets 3,215,000 3,551,000
Total Assets 174,000,000 179,306,000
Current liabilities:    
Current portion of long-term debt 2,753,000 49,451,000
Accounts payable 17,949,000 19,910,000
Contract liabilities 2,745,000 3,698,000
Compensation and related benefits 6,450,000 5,515,000
Accrued other liabilities 7,101,000 5,260,000
Total current liabilities 36,998,000 83,834,000
Long-term debt 31,537,000 0
Other non-current liabilities 3,962,000 3,119,000
Post retirement benefits liability 7,974,000 7,927,000
Total Liabilities 80,471,000 94,880,000
Commitments and Contingencies 0 0
Stockholders' Equity:    
Preferred stock - $0.01 par value, authorized shares - 10,000,000; no shares outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock - $0.01 par value, authorized shares - 20,000,000; outstanding shares: 7,965,289 at June 30, 2020 and 7,877,945 December 31, 2019 80,000 79,000
Paid-in capital 35,831,000 34,772,000
Accumulated other comprehensive income (loss), net of income taxes 401,000 1,370,000
Treasury stock - at cost, 3,806,355 at June 30, 2020 and December 31, 2019 (28,521,000) (28,501,000)
Retained earnings 85,738,000 76,706,000
Total Stockholders' Equity 93,529,000 84,426,000
Total Liabilities and Stockholders' Equity $ 174,000,000 $ 179,306,000