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Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,492,000 $ 4,183,000
Accounts receivable, net 52,501,000 44,261,000
Inventories, net 25,010,000 23,871,000
Foreign tax receivable 3,130,000 2,680,000
Prepaid expenses and other current assets 6,039,000 5,670,000
Total current assets 91,172,000 80,665,000
Right of use asset 5,037,000 5,114,000
Property, plant and equipment, net 81,730,000 83,267,000
Goodwill 17,376,000 17,376,000
Intangibles, net 7,207,000 7,619,000
Other non-current assets 4,259,000 4,574,000
Total Assets 206,781,000 198,615,000
Current liabilities:    
Current portion of long-term debt 1,205,000 1,208,000
Revolving debt 0 1,864,000
Accounts payable 33,244,000 29,586,000
Contract liability 3,146,000 1,395,000
Compensation and related benefits 7,360,000 9,101,000
Accrued other liabilities 8,284,000 7,643,000
Total current liabilities 53,239,000 50,797,000
Other non-current liabilities 3,027,000 3,516,000
Long-term debt 22,685,000 22,986,000
Post-retirement benefits liability 5,097,000 5,191,000
Total Liabilities 84,048,000 82,490,000
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock — $0.01 par value, authorized shares — 10,000,000; no shares outstanding at March 31, 2023 and December 31, 2022 0 0
Common stock — $0.01 par value, authorized shares – 20,000,000; outstanding shares: 8,420,340 at March 31, 2023 and 8,417,656 at December 31, 2022 84,000 84,000
Paid-in capital 41,073,000 40,342,000
Accumulated other comprehensive income, net of income taxes $ 3,101,000 $ 3,053,000
Treasury stock (in shares) 3,867,769 3,866,451
Treasury stock - at cost, 3,867,769 shares at March 31, 2023 and 3,866,451 shares at December 31, 2022 $ (29,122,000) $ (29,099,000)
Retained earnings 107,597,000 101,745,000
Total Stockholders’ Equity 122,733,000 116,125,000
Total Liabilities and Stockholders’ Equity $ 206,781,000 $ 198,615,000