SIGNIFICANT CUSTOMERS AND CONCENTRATIONS OF CREDIT RISK

12 Months Ended

Dec. 31, 2011

SIGNIFICANT CUSTOMERS AND CONCENTRATIONS OF CREDIT RISK [Abstract]

SIGNIFICANT CUSTOMERS AND CONCENTRATIONS OF CREDIT RISK

14. SIGNIFICANT CUSTOMERS AND CONCENTRATIONS OF CREDIT RISK: Sales to significant customers accounted for approximately 33% (22% and 11%) and 36% (24% and 12%) of the Company's consolidated net sales for the years ended December 31, 2011 and 2010, respectively.   For both the years ended December 31, 2011 and 2010, significant customers of the Company's Electronics Group accounted for approximately 63% (30%, 18% and 15%) and (31%, 19% and 13%), respectively, of the Electronics Group's net sales.   Significant customers of the Company's Power Group accounted for approximately 24% (14% and 10%) and 34% (21% and 13%) of the Power Group's net sales for the years ended December 31, 2011 and 2010, respectively.   A substantial portion of the net sales is subject to audit by agencies of the U.S. government. In the opinion of management, adjustments to such sales, if any, will not have a material effect on the Company's consolidated financial position or results of operations.   Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and trade receivables from its customers.   The Company performs credit evaluations on its customers and collateral is generally not required. Credit losses are provided for in the consolidated financial statements during the period in which an impairment has been determined.