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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Statement of Financial Position [Abstract]    
Deferred Tax Liabilities, Net $ 395,000 $ 992,000
Current assets:    
Cash and cash equivalents 26,780,000 28,285,000
Accounts receivable (less allowance for doubtful accounts: $0 at December 31, 2017 and 2016) 19,846,000 19,551,000
Inventories:    
Finished goods 2,948,000 1,876,000
Work in process 2,061,000 1,401,000
Raw materials and components 8,450,000 7,635,000
Total inventories, net 13,459,000 10,912,000
Deferred tax asset-current portion 843,000 1,381,000
Costs in Excess of Billings, Current 1,917,000 0
Foreign sales tax receivable 610,000 228,000
Prepaid expenses and other current assets 1,388,000 912,000
Total current assets 64,000,000 59,888,000
Property, plant and equipment, net 68,631,000 70,601,000
Goodwill 2,403,000 2,403,000
Intangible Assets, Net (Excluding Goodwill) 513,000 563,000
Other Assets, Noncurrent 2,076,000 0
Total Assets 137,623,000 133,455,000
Current liabilities:    
Current portion of long-term debt 3,000,000 3,000,000
Accounts payable 13,850,000 8,534,000
Tooling in progress 0 1,084,000
Current portion of post retirement benefits liability 1,096,000 1,018,000
Accrued liabilities:    
Compensation and related benefits 3,524,000 5,004,000
Taxes 861,000 1,038,000
Other 1,300,000 1,620,000
Total current liabilities 23,631,000 21,298,000
Long-term debt 3,750,000 6,750,000
Post retirement benefits liability 7,954,000 7,649,000
Total Liabilities 35,730,000 36,689,000
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock — $0.01 par value, authorized shares - 10,000,000; no shares outstanding at December 31, 2017 and December 31, 2016 0 0
Common stock — $0.01 par value, authorized shares - 20,000,000; outstanding shares: 7,711,277 at December 31, 2017 and 7,635,093 at December 31, 2016 77,000 76,000
Paid-in capital 31,465,000 30,134,000
Accumulated other comprehensive income, net of income taxes 2,070,000 2,414,000
Treasury stock — at cost, 3,773,128 shares at December 31, 2017 and 3,753,595 shares at December 31, 2016 (28,153,000) (27,781,000)
Retained earnings 96,434,000 91,923,000
Total Stockholders’ Equity 101,893,000 96,766,000
Total Liabilities and Stockholders’ Equity $ 137,623,000 $ 133,455,000