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SIGNIFICANT CUSTOMERS AND CONCENTRATIONS OF CREDIT RISK
 12 Months Ended
Dec. 31, 2013
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 24% (13% and 11%) and 20% of the Company's consolidated net sales for the years ended December 31, 2013 and 2012, respectively. Significant customers of the Company accounted for approximately 19% and 15%, respectively, of our consolidated accounts receivable balance at December 31, 2013. The majority of our consolidated sales are related to programs procured by the Department of Defense.
 
For  the years ended December 31, 2013 and 2012, significant customers of the Company's Electronics Group accounted for approximately 66% (23%, 20%, 12% and 11%) and 51% (28%, 13% and 10%), respectively, of the Electronics Group's net sales. Significant customers of the Company's Electronics Group accounted for approximately 77% (30%, 24%, 15%, and 8%), respectively, of the Electronics Group's accounts receivable balance at December 31, 2013.
 
Significant customers of the Company's Power Group accounted for approximately 37% (15% , 12%, and 10%) and 35% (12%, 12%, and 11%) of the Power Group's net sales for the years ended December 31, 2013 and 2012, respectively. Significant customers of the Company's Power Group accounted for approximately 42% (26%, 9%, and 7%), respectively, of the Power Group's accounts receivable balance at December 31, 2013.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.