Note 12 - Recent Accounting and Reporting Developments (Tables)

3 Months Ended

Mar. 31, 2018

Notes Tables

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

	December 31, 2017		Effects of Adoption of Topic 606			January 1, 2018
Condensed Consolidated Balance Sheet
Assets:
Trade and other receivables, net	$	28,990	$	(420	)	$	28,570
Costs and estimated earnings in excess of billings on uncompleted contracts		44,502		(44,502	)		-
Contract assets		-		42,945			42,945
Liabilities:
Accrued liabilities	$	6,563	$	(783	)	$	5,780
Billings in excess of costs and estimated earnings on uncompleted contracts		2,599		(2,599	)		-
Contract liabilities		-		2,537			2,537
Deferred income taxes		941		(257	)		684
Stockholders' equity:
Retained earnings	$	81,757	$	(875	)	$	80,882

	Three Months Ended March 31, 2018
	As Reported			Adjustments			Balance Without Adjustment for Adoption of Topic 606
Condensed Consolidated Statement of Operations
Net sales	$	33,365		$	835		$	34,200
Cost of sales		32,017			(13	)		32,004
Selling, general and administrative expense		3,385			-			3,385
Operating loss		(2,342	)		848			(1,494	)
Income tax benefit		(272	)		113			(159	)
Net loss		(1,951	)		735			(1,216	)

	March 31, 2018
	As Reported		Adjustments			Balance Without Adjustment for Adoption of Topic 606
Condensed Consolidated Balance Sheet
Assets:
Trade and other receivables, net	$	24,241	$	466		$	24,707
Costs and estimated earnings in excess of billings on uncompleted contracts		-		46,759			46,759
Contract assets		44,845		(44,845	)		-
Liabilities:
Accrued liabilities	$	5,105	$	770		$	5,875
Billings in excess of costs and estimated earnings on uncompleted contracts		-		785			785
Contract liabilities		1,155		(1,155	)		-
Deferred income taxes		354		370			724
Stockholders' equity:
Retained earnings	$	78,931	$	1,610		$	80,541