CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 4,707	$ 3,515
Accounts receivable, net	8,424	7,439
Inventories, net	12,791	13,293
Prepaid income taxes		182
Other current assets	249	387
Total current assets	26,171	24,816
Property, plant and equipment, net	11,021	9,937
Deferred income taxes	409	491
Other non-current assets	385	376
Total Assets	37,986	35,620
Current liabilities:
Current portion of long-term debt	681	548
Accounts payable	1,377	2,080
Accrued employee compensation and benefits costs	2,520	1,945
Accrued income taxes	414
Other accrued liabilities	872	426
Total current liabilities	5,864	4,999
Long-term debt	2,950	2,976
Post retirement obligation	1,007	528
Shareholders' equity:
Common stock, par value $0.20; authorized 4,000,000 shares; issued 2,614,506 shares; outstanding 2,308,315 (2,310,148 - 2016) shares	523	523
Capital in excess of par value	14,171	14,160
Retained earnings	15,709	14,768
Accumulated other comprehensive loss	(32)	(20)
Employee stock ownership trust commitment	(662)	(763)
Treasury stock, at cost 183,983 (164,066 - 2016) shares	(1,544)	(1,551)
Total shareholders' equity	28,165	27,117
Total Liabilities and Shareholders' Equity	$ 37,986	$ 35,620

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.