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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 2,679us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2,657us-gaap_CashAndCashEquivalentsAtCarryingValue
Trade accounts receivable, net 4,533us-gaap_AccountsReceivableNetCurrent 4,915us-gaap_AccountsReceivableNetCurrent
Inventories, net 16,485us-gaap_InventoryNet 20,175us-gaap_InventoryNet
Other current assets 1,070us-gaap_OtherAssetsCurrent 752us-gaap_OtherAssetsCurrent
Current deferred tax asset, domestic 37torm_DeferredTaxAssetsCurrentDomestic 37torm_DeferredTaxAssetsCurrentDomestic
Current deferred tax asset, foreign 54torm_DeferredTaxAssetsCurrentForeign 54torm_DeferredTaxAssetsCurrentForeign
Total current assets 24,858us-gaap_AssetsCurrent 28,590us-gaap_AssetsCurrent
PROPERTY, PLANT AND EQUIPMENT, net 18,612us-gaap_PropertyPlantAndEquipmentNet 18,889us-gaap_PropertyPlantAndEquipmentNet
DEFERRED TAX ASSET, foreign 623torm_DeferredTaxAssetsNonCurrentForeign 662torm_DeferredTaxAssetsNonCurrentForeign
OTHER ASSETS 20us-gaap_OtherAssetsNoncurrent 22us-gaap_OtherAssetsNoncurrent
Total Assets 44,113us-gaap_Assets 48,163us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable 2,422us-gaap_AccountsPayableCurrent 3,318us-gaap_AccountsPayableCurrent
Accrued expenses 1,271us-gaap_AccruedLiabilitiesCurrent 1,832us-gaap_AccruedLiabilitiesCurrent
Notes payable under lines of credit 1,289us-gaap_NotesPayableCurrent 886us-gaap_NotesPayableCurrent
Export credit refinancing facility 2,018torm_ExportCreditRefinancingFacility 2,777torm_ExportCreditRefinancingFacility
Current maturities of long-term debt - financial institutions 1,002us-gaap_LongTermDebtCurrent 1,113us-gaap_LongTermDebtCurrent
Total current liabilities 8,002us-gaap_LiabilitiesCurrent 9,926us-gaap_LiabilitiesCurrent
LONG-TERM DEBT - FINANCIAL INSTITUTIONS 1,316us-gaap_LongTermDebtNoncurrent 1,607us-gaap_LongTermDebtNoncurrent
DEFERRED TAX LIABILITY, domestic 568torm_DeferredTaxLiabilitiesCurrentDomestic 618torm_DeferredTaxLiabilitiesCurrentDomestic
Total liabilities 9,886us-gaap_Liabilities 12,151us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS' EQUITY:    
Common stock $1.25 par value: authorized, 6,000 shares; 3,014 shares issued and outstanding at March 31, 2015 and December 31, 2014 3,767us-gaap_CommonStockValueOutstanding 3,767us-gaap_CommonStockValueOutstanding
Additional paid-in capital 29,532us-gaap_AdditionalPaidInCapitalCommonStock 29,503us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 909us-gaap_RetainedEarningsAccumulatedDeficit 1,099us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income:    
Cumulative translation adjustment 19us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax 1,643us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Total shareholders' equity 34,227us-gaap_StockholdersEquity 36,012us-gaap_StockholdersEquity
Total Liabilities and Shareholders' Equity $ 44,113us-gaap_LiabilitiesAndStockholdersEquity $ 48,163us-gaap_LiabilitiesAndStockholdersEquity