Note 8 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Tables/Schedules

Schedule of Effective Income Tax Rate Reconciliation

	2016	2015
Income tax provision (benefit) at U.S. federal statutory rate	$624	$(440)
State tax provision (benefit), net of federal income tax	48	14
Change in valuation allowance attributable to operations	(936)	(4,146)
Change in effective tax rate	-	4,064
Pension settlement	(213)	466
Adjustments to federal tax carryforwards / deductions	548	-
Other, net	22	30
Income tax provision (benefit)	$93	$(12)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets and liabilities as of December 31, 2016 and 2015 are as follows:

	2016	2015
Property and equipment, principally due to differences in depreciation	$(643)	$(722)
Inventory reserves and other inventory-related temporary basis differences	614	696
Warranty, vacation, deferred rent and other liabilities	687	883
Retirement liabilities	1,032	1,088
Net operating loss carryforwards	62,484	62,194
Credit carryforwards	36	817
Other	1,037	1,227
Total deferred income tax	65,247	66,183
Less valuation allowance	(65,247)	(66,183)
Net deferred income tax	$-	$-

Schedule of Worldwide Income Before Income Taxes

Worldwide income (loss) before income taxes consisted of the following:

	2016	2015
United States	$1,836	$(1,296)
International	-	-
Total	$1,836	$(1,296)

Schedule of Components of Income Tax Expense (Benefit)

Income tax benefit (provision) consisted of the following:

	2016	2015
Current
U.S. federal	$10	$-
State	83	(12)
Total current expense (benefit)	$93	$(12)
Deferred
U.S. federal	$937	$4,068
State	(1)	78
Total	936	4,146
Valuation allowance increase	(936)	(4,146)
Total deferred expense (benefit)	-	-
Total income tax expense (benefit)	$93	$(12)