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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 21,194,091 $ 22,725,376
Marketable securities 366,554 0
Accounts receivable, less allowances: $507,000 - 2017; $430,000 - 2016 28,448,534 18,135,792
Inventories 45,207,813 34,030,286
Prepaid expenses and other assets 4,398,041 1,858,471
Total Current Assets 99,615,033 76,749,925
Property, Plant and Equipment 70,500,848 64,911,071
Accumulated depreciation (41,629,685) (38,745,557)
Property, Plant and Equipment, Net 28,871,163 26,165,514
Goodwill 32,395,740 14,819,835
Trademarks 3,680,037 166,312
Patents, technology, and other intangibles net of accumulated amortization 9,621,147 1,764,449
Deferred income taxes 1,180,355 4,532,361
Total other assets 46,877,279 21,282,957
TOTAL ASSETS 175,363,475 124,198,396
Current Liabilities    
Accounts payable 15,327,476 7,048,174
Accrued compensation 3,273,317 3,112,404
Other accrued expenses 6,360,362 1,812,647
Current portion of long-term debt 6,550,000 892,857
Total Current Liabilities 31,511,155 12,866,082
Other long-term liabilities 288,805 288,805
Long-term debt, less current portion 29,062,500 892,857
Accrued postretirement benefits 1,018,815 1,051,700
Accrued pension cost 25,780,522 26,631,438
Shareholders' Equity    
Voting Preferred Stock, no par value: Authorized and unissued: 1,000,000 shares
Nonvoting Preferred Stock, no par value: Authorized and unissued: 1,000,000 shares
Common Stock, no par value: Authorized: 50,000,000 shares Issued: 8,956,144 shares in 2017 and 8,950,827 shares in 2016 Outstanding: 6,261,415 shares in 2017 and 6,256,098 shares in 2016 29,277,169 29,146,622
Treasury Stock: 2,694,729 shares in 2017 and 2016 (19,105,723) (19,105,723)
Retained earnings 98,779,632 95,631,216
Accumulated other comprehensive income (loss):    
Foreign currency translation (902,749) (2,165,081)
Unrealized loss on marketable securities and derivative, net of tax (9,479) 0
Unrecognized net pension and postretirement benefit costs, net of tax (20,419,472) (21,039,520)
Accumulated other comprehensive loss (21,331,700) (23,204,601)
Total Shareholders' Equity 87,619,378 82,467,514
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 175,363,475 $ 124,198,396