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Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash and cash equivalents$ 540,910$ 649,952
Accounts receivable, less allowance for doubtful accounts of approximately $164,000 in 2011 and $134,000 in 20101,821,8212,370,642
Inventories, net2,961,7012,545,200
Prepaid expenses225,479227,570
Deferred income taxes270,142358,481
Total current assets5,820,0536,151,845
Sale of Property  
Land500500
Buildings and leasehold improvements757,634397,136
Machinery and equipment10,639,70210,050,517
Total property, plant and equipment11,397,83610,448,153
Less allowance for depreciation and amortization(7,895,319)(7,442,888)
Net property, plant and equipment3,502,5173,005,265
Other noncurrent assets47,25141,545
Deferred income taxes569,696510,635
Total assets9,939,5179,709,290
Current liabilities:  
Accounts payable2,191,1551,992,819
Commissions, salaries, wages, and taxes thereon172,572193,006
Income taxes payable70,71965,203
Revolving line of credit500,0000
Current portion of long-term debt200,000200,000
Deferred revenue0341,000
Other accrued expenses476,258348,524
Total current liabilities3,610,7043,140,552
Long-term liabilities:  
Long-term debt, net of current portion650,000800,000
Pension and other benefits1,303,0381,466,179
Total long-term liabilities1,953,0382,266,179
Total liabilities5,563,7425,406,731
Commitments and contingencies (Note 11)  
Stockholders' equity:  
Common stock, $1.00 par value: Authorized shares - 4,000,000 Issued shares - 1,857,842 in 2011 and 1,834,106 in 2010; Outstanding shares - 1,665,842 in 2011 and 1,642,106 in 20101,857,8421,834,106
Other capital279,135265,271
Retained earnings5,017,6374,964,006
Treasury stock at cost, 192,000 shares(2,112,000)(2,112,000)
Accumulated other comprehensive loss(666,839)(648,824)
Total stockholders' equity4,375,7754,302,559
Total liabilities and stockholders' equity$ 9,939,517$ 9,709,290