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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 6,146,000 $ 4,131,000
Accounts receivable, net 36,536,000 27,584,000
Inventories, net 25,129,000 18,360,000
Income tax receivable 2,232,000 2,026,000
Prepaid expenses and other current assets 5,099,000 4,377,000
Total current assets 75,142,000 56,478,000
Right of use asset 5,577,000 2,754,000
Property, plant and equipment, net 75,897,000 74,052,000
Deferred tax asset 521,000 929,000
Goodwill 17,376,000 17,376,000
Intangibles, net 9,567,000 11,516,000
Other non-current assets 2,040,000 2,403,000
Total Assets 186,120,000 165,508,000
Current liabilities:    
Current portion of long-term debt 3,943,000 2,535,000
Current portion of revolving debt 4,424,000 420,000
Accounts payable 22,695,000 16,994,000
Taxes payable 2,332,000 2,613,000
Contract liabilities 6,256,000 1,319,000
Accrued liabilities:    
Compensation and related benefits 7,532,000 8,305,000
Other 5,870,000 3,809,000
Total current liabilities 53,052,000 35,995,000
Other non-current liabilities 4,033,000 2,560,000
Long-term debt 21,251,000 25,198,000
Post retirement benefits liability 7,689,000 7,823,000
Total Liabilities 86,025,000 71,576,000
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock — $0.01 par value, authorized shares - 10,000,000; no shares outstanding at December 31, 2021 and December 31, 2020 0 0
Common stock — $0.01 par value, authorized shares - 20,000,000; outstanding shares: 8,235,740 at December 31, 2021 and 7,980,516 at December 31, 2020 82,000 80,000
Paid-in capital 38,013,000 36,127,000
Accumulated other comprehensive income, net of income taxes 1,075,000 1,375,000
Treasury stock — at cost, 3,818,166 shares at December 31, 2021 and 3,810,929 shares at December 31, 2020 (28,617,000) (28,521,000)
Retained earnings 89,542,000 84,871,000
Total Stockholders' Equity 100,095,000 93,932,000
Total Liabilities and Stockholders' Equity $ 186,120,000 $ 165,508,000