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Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 509,000 $ 6,146,000
Accounts receivable, net 54,297,000 35,261,000
Inventories, net 26,854,000 25,129,000
Prepaid expenses and other current assets 6,980,000 8,606,000
Total current assets 88,640,000 75,142,000
Right of use asset 4,317,000 5,577,000
Property, plant and equipment, net 81,443,000 75,897,000
Goodwill 17,376,000 17,376,000
Intangibles, net 8,106,000 9,567,000
Other non-current assets 2,602,000 3,133,000
Total Assets 202,484,000 186,692,000
Current liabilities:    
Current portion of long-term debt 1,205,000 3,943,000
Revolving debt 4,052,000 4,424,000
Accounts payable 34,277,000 22,695,000
Contract liability 3,120,000 6,256,000
Compensation and related benefits 8,187,000 7,532,000
Accrued other liabilities 8,186,000 8,202,000
Total current liabilities 59,027,000 53,052,000
Other non-current liabilities 3,725,000 4,605,000
Long-term debt 23,295,000 21,251,000
Post-retirement benefits liability 7,765,000 7,689,000
Total Liabilities 93,812,000 86,597,000
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock — $0.01 par value, authorized shares — 10,000,000; no shares outstanding at September 30, 2022 and December 31, 2021 0 0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 8,413,655 at September 30, 2022 and 8,235,740 at December 31, 2021 84,000 82,000
Paid-in capital 39,718,000 38,013,000
Accumulated other comprehensive income, net of income taxes $ 1,056,000 $ 1,075,000
Treasury stock (in shares) 3,866,451 3,818,166
Treasury stock - at cost, 3,866,451 shares at September 30, 2022 and 3,818,166 shares at December 31, 2021 $ (29,099,000) $ (28,617,000)
Retained earnings 96,913,000 89,542,000
Total Stockholders’ Equity 108,672,000 100,095,000
Total Liabilities and Stockholders’ Equity $ 202,484,000 $ 186,692,000