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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 24,104,000 $ 4,183,000
Accounts receivable, net 41,711,000 44,261,000
Inventories, net 22,063,000 23,871,000
Foreign tax receivable 6,380,000 2,680,000
Prepaid expenses and other current assets 8,621,000 5,670,000
Total current assets 102,879,000 80,665,000
Right of use asset 3,802,000 5,114,000
Property, plant and equipment, net 81,185,000 83,267,000
Goodwill 17,376,000 17,376,000
Intangibles, net 6,017,000 7,619,000
Other non-current assets 2,118,000 4,574,000
Total Assets 213,377,000 198,615,000
Current liabilities:    
Current portion of long-term debt 1,468,000 1,208,000
Revolving debt 0 1,864,000
Accounts payable 23,958,000 29,586,000
Contract liabilities 5,204,000 1,395,000
Accrued liabilities:    
Compensation and related benefits 10,498,000 9,101,000
Other 5,058,000 7,643,000
Total current liabilities 46,186,000 50,797,000
Other non-current liabilities 3,759,000 3,516,000
Long-term debt 21,519,000 22,986,000
Post retirement benefits liability 2,960,000 5,191,000
Total Liabilities 74,424,000 82,490,000
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock — $0.01 par value, authorized shares - 10,000,000; no shares outstanding at December 31, 2023 and December 31, 2022 0 0
Common stock — $0.01 par value, authorized shares - 20,000,000; outstanding shares: 8,655,384 at December 31, 2023 and 8,417,656 at December 31, 2022 86,000 84,000
Paid-in capital 43,265,000 40,342,000
Accumulated other comprehensive income, net of income taxes $ 5,301,000 $ 3,053,000
Treasury Stock, Common, Shares 3,992,152 3,866,451
Treasury stock — at cost, 3,992,152 shares at December 31, 2023 and 3,866,451 shares at December 31, 2022 $ (31,768,000) $ (29,099,000)
Retained earnings 122,069,000 101,745,000
Total Stockholders' Equity 138,953,000 116,125,000
Total Liabilities and Stockholders' Equity $ 213,377,000 $ 198,615,000