Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current Assets:
Cash	$ 18,241	$ 10,629
Restricted Cash	89	77
Trade Accounts Receivable, Net of Allowance for Doubtful Accounts of $292 and $277, Respectively	14,657	13,179
Inventories, Net	26,326	23,456
Prepaid Expenses and Other Current Assets	2,603	2,079
Total Current Assets	61,916	49,420
Property, Equipment and Improvements, Net	7,570	7,999
Goodwill	20,458	19,965
Other Intangible Assets, Net	7,085	7,194
Deferred Income Taxes	32	94
Security Deposits and Other Non-Current Assets	125	72
Total Assets	97,186	84,744
Current Liabilities:
Accounts Payable	8,787	7,292
Accrued Compensation and Related Benefits	2,413	1,258
Accrued Expenses and Other Current Liabilities	2,871	2,606
Income Taxes Payable	168	172
Total Current Liabilities	14,239	11,328
Deferred Income Taxes	3,867	5,538
Other Non-Current Liabilities	31	18
Total Liabilities	18,137	16,884
Commitments and Contingencies (Note 7)
Shareholders' Equity:
Preferred Stock – Par Value $.10 Per Share; Authorized 1,000,000 Shares; None Issued
Common Stock – Par Value $.10 Per Share; Authorized 40,000,000 Shares;Issued – 19,670,928 Shares and 19,324,723 Shares, Respectively; Outstanding – 15,651,217 Shares and 15,308,971 Shares, Respectively	1,966	1,932
Capital in Excess of Par Value	180,211	178,163
Accumulated Deficit	(82,894)	(90,542)
Accumulated Other Comprehensive Loss	(1,611)	(3,080)
Treasury Stock - at Cost; 4,019,711 Shares and 4,015,752 Shares at December 31, 2017 and 2016, respectively	(18,469)	(18,443)
Total Ultralife Corporation Equity	79,203	68,030
Non-Controlling Interest	(154)	(170)
Total Shareholders’ Equity	79,049	67,860
Total Liabilities and Shareholders' Equity	$ 97,186	$ 84,744

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.