10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D. C.   20549

Form 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

or

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File No. 1-07109

SERVOTRONICS, INC.

(Exact name of registrant as specified in its charter)

Delaware	16-0837866
(State or other jurisdiction of	(I. R. S. Employer
incorporation or organization)	Identification No.)

1110 Maple Street

Elma, New York   14059

(Address of principal executive offices) (zip code)

(716) 655-5990

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x      No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x      No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o Accelerated filer o  Non-accelerated filer o  Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o      No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding at July 31, 2013
Common Stock, $.20 par value	2,528,134

INDEX

				Page No.
	PART I. FINANCIAL INFORMATION
Item 1.		Financial Statements (Unaudited):
		a)	Consolidated Balance Sheets, June 30, 2013 and December 31, 2012	3
		b)	Consolidated Statements of Income for the three and six months ended June 30, 2013 and 2012	4
		c)	Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2013 and 2012	5
		d)	Consolidated Statements of Cash Flows for the six months ended June 30, 2013 and 2012	6
		e)	Notes to Consolidated Financial Statements	7
Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		17
Item 3.		Quantitative and Qualitative Disclosures About Market Risk		23
Item 4.		Controls and Procedures		23
	PART II. OTHER INFORMATION
Item 1.		Legal Proceedings		23
Item 1A.		Risk Factors		23
Item 2.		Unregistered Sales of Equity Securities and Use of Proceeds		24
Item 3.		Defaults Upon Senior Securities		24
Item 4.		Mine Safety Disclosures		24
Item 5.		Other Information		24
Item 6.		Exhibits		25
		Signatures		26

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SERVOTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

($000’s omitted except share and per share data)

	June 30,			December 31,
	2013			2012
	(Unaudited)
Current assets:
Cash and cash equivalents	$	4,942		$	5,573
Accounts receivable, net		5,825			4,858
Inventories, net		11,451			11,213
Prepaid income taxes		27			387
Deferred income taxes		655			655
Other assets		527			306
Total current assets		23,427			22,992
Property, plant and equipment, net		6,626			5,946
Other non-current assets		353			365
Total Assets	$	30,406		$	29,303
Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of long-term debt	$	192		$	192
Dividends payable		406			-
Accounts payable		1,406			1,051
Accrued employee compensation and benefit costs		1,617			1,422
Other accrued liabilities		284			389
Total current liabilities		3,905			3,054
Long-term debt		2,652			2,663
Deferred income taxes		320			320
Commitments and contingencies (See Note 10)		-			-
Shareholders’ equity:
Common stock, par value $.20; authorized 4,000,000 shares; issued 2,614,506 shares; outstanding 2,316,431 (2,157,920 – 2012) shares		523			523
Capital in excess of par value		14,008			13,987
Retained earnings		12,008			11,771
Accumulated other comprehensive loss		(85	)		(85	)
Employee stock ownership trust commitment		(1,165	)		(1,165	)
Treasury stock, at cost 82,861 (241,372 – 2012) shares		(1,760	)		(1,765	)
Total shareholders’ equity		23,529			23,266
Total Liabilities and Shareholders’ Equity	$	30,406		$	29,303

See notes to consolidated financial statements

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SERVOTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

($000’s omitted except per share data)

(Unaudited)

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013		2012			2013			2012
Revenue	$	8,067	$	7,719		$	15,409		$	15,786
Costs, expenses and other income:
Cost of goods sold, exclusive of depreciation and amortization		5,873		5,286			11,570			11,545
Selling, general and administrative		1,335		1,220			2,634			2,478
Interest expense		11		12			21			23
Depreciation and amortization		155		149			308			296
Other income, net		-		(2	)		(1	)		(10	)
Total expenses		7,374		6,665			14,532			14,332
Income from continuing operations before income tax provision		693		1,054			877			1,454
Income tax provision		189		309			196			428
Income from continuing operations		504		745			681			1,026
Discontinued Operations:
Loss from operations of a discontinued component, net of income tax benefit		-		(197	)		-			(409	)
Loss on disposal of QCC and AMP, net of income tax benefit		-		(268	)		-			(268	)
Loss from discontinued operations		-		(465	)		-			(677	)
Net income	$	504	$	280		$	681		$	349
Income (loss) per share:
Basic
Income per share from continuing operations	$	0.22	$	0.35		$	0.30		$	0.49
Loss per share from discontinued operations		-		(0.22	)		-			(0.32	)
Total net income per share	$	0.22	$	0.13		$	0.30		$	0.17
Diluted
Income per share from continuing operations	$	0.22	$	0.35		$	0.30		$	0.48
Loss per share from discontinued operations		-		(0.22	)		-			(0.32	)
Total net income per share	$	0.22	$	0.13		$	0.30		$	0.16

See notes to consolidated financial statements

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SERVOTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

($000’s omitted)

(Unaudited)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Net income	$	504	$	280	$	681	$	349
Other comprehensive income:
Retirement benefits adjustment		-		-		-		-
Total comprehensive income	$	504	$	280	$	681	$	349

See notes to consolidated financial statements

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SERVOTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

($000’s omitted)

(Unaudited)

	Six Months Ended
	June 30,
	2013			2012
Cash flows related to operating activities:
Net income	$	681		$	349
Adjustments to reconcile net income to net cash (used) generated in operating activities:
Depreciation and amortization		308			340
Loss on disposal of QCC and AMP, net of income tax benefit		-			406
Stock based compensation		75			-
(Decrease) increase in inventory reserve		(44	)		53
(Decrease) increase in allowance for doubtful accounts		(18	)		7
Change in assets and liabilities:
Accounts receivable		(949	)		(138	)
Inventories		(194	)		(1,168	)
Prepaid income taxes		381			(163	)
Other assets		(221	)		(303	)
Other non-current assets		12			(11	)
Accounts payable		355			(12	)
Accrued employee compensation and benefit costs		197			81
Other accrued liabilities		(105	)		(136	)
Net cash generated (used) in operating activities		478			(695	)
Cash flows related to investing activities:
Capital expenditures - property, plant and equipment		(989	)		(136	)
Net cash used in investing activities		(989	)		(136	)
Cash flows related to financing activities:
Principal payments on long-term debt		(11	)		(22	)
Proceeds from exercise of stock options		70			234
Principal payments on capital lease related party		-			(41	)
Purchase of treasury shares		(179	)		(22	)
Net cash (used) generated in financing activities		(120	)		149
Net decrease in cash and cash equivalents		(631	)		(682	)
Cash and cash equivalents at beginning of period		5,573			4,948
Cash and cash equivalents at end of period	$	4,942		$	4,266

See notes to consolidated financial statements

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SERVOTRONICS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles for complete financial statements.

The accompanying consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and six months ended June 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. The consolidated financial statements should be read in conjunction with the 2012 annual report and the notes thereto.

2. Business Description and Summary of Significant Accounting Policies

Business Description

Servotronics, Inc. and its subsidiaries design, manufacture and market advanced technology products consisting primarily of control components and consumer products consisting of knives and various types of cutlery and other edged products.

Principles of Consolidation

The consolidated financial statements include the accounts of Servotronics, Inc. and its wholly-owned subsidiaries (the “Company”). All intercompany balances and transactions have been eliminated upon consolidation.

Cash and Cash Equivalents

The Company considers cash and cash equivalents to include all cash accounts and short-term investments purchased with an original maturity of three months or less.

Accounts Receivable

The Company grants credit to substantially all of its customers and carries its accounts receivable at original invoice amount less an allowance for doubtful accounts. On a periodic basis, the Company evaluates its accounts receivable and establishes an allowance for doubtful accounts based on history of past write-offs, collections, and current credit conditions. The allowance for doubtful accounts amounted to approximately $112,000 at June 30, 2013 and $130,000 at December 31, 2012. The Company does not accrue interest on past due receivables.

Revenue Recognition

Revenues are recognized as services are rendered or as units are shipped and at the designated FOB point consistent with the transfer of title, risks and rewards of ownership. Such purchase orders generally include specific terms relative to quantity, item description, specifications, price, customer responsibility for in-process costs, delivery schedule, shipping point, payment and other standard terms and conditions of purchase.

Inventories

Inventories are stated at the lower of standard cost or net realizable value. Cost includes all costs incurred to bring each product to its present location and condition. Market provisions in respect of lower of cost or market adjustments and inventory expected to be used in greater than one year are applied to the gross value of the inventory through a reserve of approximately $734,000 and $778,000 at June 30, 2013 and December 31, 2012, respectively. Pre-production and start-up costs are expensed as incurred.

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SERVOTRONICS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The purchase of suppliers’ minimum economic quantities of material such as steel, etc. may result in a purchase of quantities exceeding one year of customer requirements. Also, in order to maintain a reasonable and/or agreed to lead time, certain larger quantities of other product support items may have to be purchased and may result in over one year’s supply.

Shipping and Handling Costs

Shipping and handling costs are classified as a component of cost of goods sold.

Property, Plant and Equipment

Property, plant and equipment is carried at cost; expenditures for new facilities and equipment and expenditures which substantially increase the useful lives of existing plant and equipment are capitalized; expenditures for maintenance and repairs are expensed as incurred. Upon disposal of properties, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is included in income.

Depreciation is provided on the basis of estimated useful lives of depreciable properties, primarily by the straight-line method for financial statement purposes and by accelerated methods for tax purposes. Depreciation expense includes the amortization of capital lease assets. The estimated useful lives of depreciable properties are generally as follows:

Buildings and improvements	5-39 years
Machinery and equipment	5-20 years
Tooling	3-5 years

Income Taxes

The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of operating loss and credit carryforwards and temporary differences between the carrying amounts and the tax basis of assets and liabilities. The Company and its subsidiaries file a consolidated federal income tax return, combined New York and Texas state income tax returns and separate Pennsylvania and Arkansas state income tax returns.

The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company did not have any accrued interest or penalties included in its consolidated balance sheets at June 30, 2013 or December 31, 2012, and did not recognize any interest and/or penalties in its consolidated statements of income during the three and six months ended June 30, 2013 and 2012.

The 2009 through 2012 Federal and state returns remain open under statute.

Supplemental Cash Flow Information

Income taxes paid during the three months ended June 30, 2013 and 2012 amounted to approximately zero and $248,500, respectively, and amounted to approximately $2,700 and $256,000 for the six months ended June 30, 2013 and 2012, respectively. Interest paid during the three months ended June 30, 2013 and 2012 amounted to approximately $11,000 and $14,000, respectively, and amounted to $21,000 and $27,000 for the six months ended June 30, 2013 and 2012, respectively. In the first quarter of 2013, the Company reduced its tax liability by approximately $21,000 related to the exercise of stock options and was credited directly to capital in excess of par value.

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SERVOTRONICS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Employee Stock Ownership Plan

Contributions to the employee stock ownership plan are determined annually by the Company according to plan formula.

Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate, or at least annually, that the carrying amount of the assets may not be fully recoverable based on undiscounted future operating cash flow analyses. If an impairment is determined to exist, any related impairment loss is calculated based on fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. The Company has determined that no impairment of long-lived assets existed at June 30, 2013 and December 31, 2012.

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications

Certain balances as previously reported were reclassified to conform with classifications adopted in the current period.

Research and Development Costs

Research and development costs are expensed as incurred.

Concentration of Credit Risks

Financial instruments that potentially subject the Company to concentration of credit risks principally consist of cash accounts in financial institutions. Although the accounts exceed the federally insured deposit amount, management does not anticipate nonperformance by the financial institutions. Refer to Note 12, Business Segments, for disclosures related to customer concentrations.

Fair Value of Financial Instruments

The carrying amount of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are reasonable estimates of their fair value due to their short maturity. Based on variable interest rates and the borrowing rates currently available to the Company for loans similar to its long-term debt, the fair value approximates its carrying amount.

3. Discontinued Operations

During the second quarter of 2012, the Company committed to a plan to enhance profit margins through the expected sale of a component. On September 18, 2012, Queen Cutlery Company (QCC), a wholly owned subsidiary of Servotronics Inc., completed the disposition of substantially all of its assets for cash consideration of $650,000. QCC is accounted for as a discontinued operation in the accompanying consolidated financial statements. During the three and six months ended June 30, 2013 there was no loss from discontinued operations related to QCC. A loss before income taxes of approximately $112,000 and $241,000 from discontinued operations was reported for the same three and six month periods in 2012.

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SERVOTRONICS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

On July 23, 2013, Aero Metal Products, Inc. (“AMP”), a wholly owned subsidiary of Servotronics, Inc., gave notice of termination of a personal property capital lease for machinery and equipment previously reported under a $588,000 capital lease with a related party. Due to the termination, beginning in July 2012, this lease is accounted for as an operating lease rather than a capital lease for the remaining term and the related assets and liabilities were removed from the consolidated balance sheet. In the third quarter of 2012, AMP ceased all manufacturing operations and in the fourth quarter of 2012, the Company surrendered all assets under the personal property and real property lease to the lessor, Aero Inc., a previously reported related party. During the three and six months ended June 30, 2013, there was no loss from discontinued operations related to AMP. A loss before income taxes of approximately $186,000 and $368,000 from discontinued operations was reported for the same three and six month periods in 2012.

The following is a summary of discontinued operations:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013		2012			2013		2012
	($000’s omitted)
Discontinued operations:
Revenue of QCC and AMP	$	-	$	376		$	-	$	678
Loss from operations of QCC and AMP	$	-	$	(298	)	$	-	$	(609	)
Income tax benefit		-		101			-		200
Net loss from operations of QCC and AMP		-		(197	)		-		(409	)
Loss on disposal of QCC and AMP		-		(406	)		-		(406	)
Income tax benefit		-		138			-		138
Net loss on disposal of QCC and AMP		-		(268	)		-		(268	)
Loss from discontinued operations	$	-	$	(465	)	$	-	$	(677	)

4. Inventories

	June 30,		December 31,
	2013		2012
	($000’s omitted)
Raw materials and common parts	$	6,368		$	6,189
Work-in-process		2,719			2,460
Finished goods		2,364			2,564
Total inventories, net of reserve	$	11,451		$	11,213

5. Property, Plant and Equipment

	June 30,			December 31,
	2013			2012
	($000’s omitted)
Land	$	21		$	21
Buildings		7,260			7,256
Machinery, equipment and tooling		13,354			12,370
		20,635			19,647
Less accumulated depreciation and amortization		(14,009	)		(13,701	)
Total property, plant and equipment	$	6,626		$	5,946

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SERVOTRONICS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Property, plant and equipment includes land and building in Elma, New York, under a $5,000,000 capital lease which can be purchased for a nominal amount at the end of the lease term. As of June 30, 2013 and December 31, 2012, accumulated amortization on the building amounted to approximately $2,617,000 and $2,552,000, respectively. Amortization expense amounted to $33,000 for the three month periods ended June 30, 2013 and 2012, respectively, and amounted to $65,000 for the six month periods ended June 30, 2013 and 2012, respectively. The associated current and long-term liabilities are discussed in Note 6, Long-Term Debt, of the accompanying consolidated financial statements.

On July 23, 2012, the Company gave notice of termination of a capital lease for machinery and equipment previously reported under a $588,000 capital lease with a related party. Due to the termination, beginning in July 2012, this lease is accounted for as an operating lease rather than a capital lease for the remaining term and the related assets and liabilities were removed from the consolidated balance sheet. See also, Note 7, Capital Lease – Related Party, of the accompanying consolidated financial statements for more information. Amortization expense related to the capital lease related party, included in the loss from operations of a discontinued component, net of tax, amounted to zero and approximately $21,000 for the three month periods ended June 30, 2013 and 2012, respectively, and amounted to approximately zero and $42,000 for the six month periods ended June 30, 2013 and 2012, respectively.

Depreciation expense from continuing operations amounted to $119,000 and $114,000 for the three month periods ended June 30, 2013 and 2012, respectively, and amounted to $238,000 and $227,000 for the six month periods ended June 30, 2013 and 2012, respectively. The combined depreciation and amortization expense from continuing operations amounted to $155,000 and $149,000 for the three month periods ended June 30, 2013 and 2012, respectively, and amounted to $308,000 and $296,000 for the six month periods ended June 30, 2013 and 2012, respectively. The Company believes that it maintains property and casualty insurance in amounts adequate for the risk and nature of its assets and operations and which are generally customary in its industry.

Included in the machinery, equipment and tooling is approximately $947,000 of construction in progress, of which approximately $792,000 relates to the facility expansion and related equipment in Elma, New York, not yet placed in service at June 30, 2013. There was approximately $290,000 of construction in progress at December 31, 2012, all related to this facility expansion and related equipment.

6. Long-Term Debt

	June 30,			December 31,
	2013			2012
	($000’s omitted)
Industrial Development Revenue Bonds; secured by an equivalent letter of credit from a bank with interest payable monthly at a floating rate (0.31% at June 30, 2013) (A)	$	2,790		$	2,790
Secured term loan payable to a government agency; monthly payments of $1,950 including interest fixed at 3% payable through fourth quarter of 2015		54			65
		2,844			2,855
Less current portion		(192	)		(192	)
	$	2,652		$	2,663

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SERVOTRONICS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 (A) The Industrial Development Revenue Bonds were issued by a government agency to finance the construction of the Company’s headquarters/advanced technology facility. Annual sinking fund payments of $170,000 commenced December 1, 2000 and continue through 2013, with a final payment of $2,620,000 due December 1, 2014. The Company has agreed to reimburse the issuer of the letter of credit if there are draws on that letter of credit. The Company pays the letter of credit bank an annual fee of 1% of the amount secured thereby and pays the remarketing agent for the bonds an annual fee of 1/4% of the principal amount outstanding. The Company’s interest under the facility capital lease has been pledged to secure its obligations to the government agency, the bank and the bondholders.

The Company has an unsecured $2,000,000 line of credit on which there was no balance outstanding at June 30, 2013 or December 31, 2012.

Certain lenders require the Company to comply with debt covenants as described in the specific loan documents, including a debt service ratio. At June 30, 2013 and December 31, 2012, the Company was in compliance with its debt covenants.

7. Capital Lease – Related Party

On November 3, 2009, the Company entered into a capital lease with a related party of the Company for certain personal property. Monthly payments of $7,500 which include an imputed fixed interest rate of 2.00% commenced November 3, 2009 through the fourth quarter of 2016.

On July 23, 2012, the Company gave twelve months notice of termination of this lease. There was no material gain or loss associated with the cancellation of such agreement. Due to the termination, beginning in July 2012, this lease was accounted for as an operating lease rather than a capital lease for the remaining term and the related assets and liabilities were removed from the consolidated balance sheet. The Company has accrued for the remaining balances payable on the accompanying June 30, 2013 consolidated financial statements. The termination relates to discontinued operations as discussed in Note 3, Discontinued Operations, of the accompanying consolidated financial statements. There are no other future obligations under this lease.

8. Income Taxes

The Company did not have any material uncertain tax positions or unrecognized tax benefits or obligations as of June 30, 2013 and December 31, 2012. The Company recorded a tax benefit of approximately $40,000 in the first quarter of 2013 to reflect the research and development tax credit re-enactment related to fiscal 2012. The Company and its subsidiaries file a consolidated federal income tax return, combined New York and Texas state income tax returns and separate Pennsylvania and Arkansas state income tax returns.

 

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SERVOTRONICS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

9. Shareholders’ Equity

	($000’s omitted except for share data)
	Common stock														Accumulated Other Comprehensive Loss
	Number of shares issued	Amount		Capital in excess of par value		Retained earnings			ESOP			Treasury stock						Total Shareholders’ Equity
Balance December 31, 2012	2,614,506	$	523	$	13,987	$	11,771		$	(1,165	)	$	(1,765	)	$	(85	)	$	23,266
Net income	-		-		-		681			-			-			-			681
Purchase of treasury shares	-		-		-		-			-			(179	)		-			(179	)
Dividends Payable	-		-		-		(406	)		-			-			-			(406	)
Stock based compensation	-		-		-		-			-			75			-			75
Exercise of stock options, net of tax benefit	-		-		21		(38	)		-			109			-			92
Balance June 30, 2013	2,614,506	$	523	$	14,008	$	12,008		$	(1,165	)	$	(1,760	)	$	(85	)	$	23,529

In January 2006, the Board of Directors authorized the purchase of up to 250,000 shares of the Company’s outstanding common stock in the open market or in privately negotiated transactions. On October 31, 2008, the Company announced that its Board of Directors authorized the purchase of an additional 200,000 shares of the Company’s common stock under the Company’s current purchase program. As of June 30, 2013, the Company has purchased 273,314 shares and there remain 176,686 shares available to purchase under this program. There were 21,489 shares purchased by the Company during the six month period ended June 30, 2013.

In the first quarter of 2013 certain option holders elected to exercise 15,000 options.  These shares were issued out of treasury stock for net proceeds of approximately $70,000. Such transactions were properly reported on Form 4 with the Securities and Exchange Commission. A tax benefit to the Company of approximately $21,000 associated with these transactions reduced taxes payable and was credited directly to capital in excess of par value.

On April 18, 2013, the Company issued 165,000 shares of restricted stock to Executive Officers of the Company under the Company’s 2012 Long-Term Incentive Plan that was approved by the shareholders at the 2012 Annual Meeting of Shareholders. The restricted share awards vest over four year periods between January 2014 and January 2017; however, have voting rights and accrue dividends prior to vesting. The aggregate amount of expense to the Company, measured based on grant date fair value is expected to be $1,336,500 (of which approximately $75,000 is included in the second quarter ended June 30, 2013) and will be recognized over the four year requisite service period.

On May 28, 2013 the Company announced that its Board of Directors declared a $0.16 per share cash dividend. The dividend was subsequently paid on July 15, 2013 to shareholders of record on June 24, 2013 and was approximately $406,000 in the aggregate. These dividends do not represent that the Company will pay dividends on a regular or scheduled basis. The amount is recorded in dividends payable on the accompanying consolidated balance sheet.

Earnings Per Share

Basic earnings per share is computed by dividing net earnings by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net earnings by the weighted average number of shares outstanding during the period plus the number of shares of common stock that would be issued assuming all contingently issuable shares having a dilutive effect on the earnings per share that were outstanding for the period. Incremental shares from assumed conversions are calculated as the number of shares that would be issued, net of the number of shares that could be purchased in the marketplace with the cash received upon stock option exercise.

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SERVOTRONICS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
	($000’s omitted except per share data)
Income from continuing operations	$	504	$	745		$	681	$	1,026
Loss from discontinued operations		-		(465	)		-		(677	)
Net income	$	504	$	280		$	681	$	349
Weighted average common shares outstanding (basic)		2,318		2,151			2,237		2,114
Incremental shares from assumed conversions of stock options		1		7			-		25
Weighted average common shares outstanding (diluted)		2,319		2,158			2,237		2,139
Basic
Income per share from continuing operations	$	0.22	$	0.35		$	0.30	$	0.49
Loss per share from discontinued operations		-		(0.22	)		-		(0.32	)
Total net income per share	$	0.22	$	0.13		$	0.30	$	0.17
Diluted
Income per share from continuing operations	$	0.22	$	0.35		$	0.30	$	0.48
Loss per share from discontinued operations		-		(0.22	)		-		(0.32	)
Total net income per share	$	0.22	$	0.13		$	0.30	$	0.16

10. Commitments and Contingencies

The Company has a contingent liability related to the termination of an employment agreement for a former Executive Officer of the Company, effective September 29, 2012. The Company is unable to reasonably or accurately estimate the amount of the liability at this time. Under the terms of the agreement, management estimates that the compensation in the form of future medical benefits and severance payments could result in additional liabilities as high as approximately $1,400,000. The Company is disputing these amounts through negotiation, accordingly, no additional liability has been accrued as of June 30, 2013 or December 31, 2012 related to these items since the likelihood, if any, cannot be determined or reliably measured at this time.

The Company leases certain equipment pursuant to operating lease arrangements. Total rental expense in the three and six month periods ended June 30, 2013 and 2012 and future minimum payments under such leases are not material to the consolidated financial statements. The Company also leases certain real property being accounted for under capital leases. See also Note 5, Property, Plant and Equipment, Note 6, Long-Term Debt, Note 7, Capital Lease – Related Party and Note 11, Related Party Transactions of the accompanying consolidated financial statements for information on the leases.

The Company anticipates a multi-year investment plan designed to consolidate the operations of the CPG.  The five year plan includes the construction of an approximate 25,000 square foot addition, capital improvements to the existing plant, the reconfiguration of its production process within the expanded facility, and the addition of new state of the art knife-making equipment. The timing, nature and extent of the expansion and renovation project are dependent upon the ability of the Company to secure financial assistance from various governmental assistance programs that it has applied for.  At this time there are no material commitments for financial resources.

- 14 -

SERVOTRONICS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

11. Related Party Transactions

During 2009 the Company formed a new wholly owned subsidiary that leased certain personal property from a related party through the execution of a capital lease. The Company also entered into a real property operating lease agreement, with the same related party, which provided for annual rental payments of $60,000. These transactions were disclosed as related party transactions because the wife of a former officer of Servotronics, Inc. is a sole shareholder of the company that was leasing/selling the assets. In connection with the Company’s decision to cease all manufacturing operations in the third quarter of 2012 at this subsidiary, and the subsequent surrender of assets under the personal property and real property leases to the related party in the fourth quarter of 2012, the Company accrued for the remaining lease payments which are not material to the June 30, 2013 consolidated financial statements. See Note 7, Capital Lease-Related Party, of the accompanying consolidated financial statements.

12. Business Segments

The Company operates in two business segments, Advanced Technology Group (“ATG”) and Consumer Products Group (“CPG”). The Company’s reportable segments are strategic business units that offer different products and services. The segments are composed of separate corporations and are managed separately. Operations in ATG primarily involve the design, manufacture, and marketing of servo-control components (i.e., torque motors, control valves, actuators, etc.) for government, commercial and industrial applications. CPG’s operations involve the design, manufacture and marketing of a variety of cutlery products for use by consumers and government agencies. The Company derives its primary sales revenue from domestic customers, although a portion of finished products are for foreign end use.

As of June 30, 2013, the Company had identifiable assets of approximately $30,406,000 ($29,303,000 – December 31, 2012) of which approximately $19,973,000 ($19,211,000 – December 31, 2012) was for ATG and approximately $10,433,000 ($10,092,000 – December 31, 2012) was for CPG.

- 15 -

SERVOTRONICS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Information regarding the Company’s operations in these segments is summarized as follows ($000’s omitted):

	ATG						CPG						Consolidated
	Six Months Ended						Six Months Ended						Six Months Ended
	June 30,						June 30,						June 30,
	2013			2012			2013			2012			2013			2012
Revenues from unaffiliated customers	$	11,189		$	10,889		$	4,220		$	4,897		$	15,409		$	15,786
Cost of goods sold, exclusive of depreciation and amortization		(8,107	)		(7,365	)		(3,463	)		(4,180	)		(11,570	)		(11,545	)
Selling, general and administrative		(1,798	)		(1,569	)		(836	)		(909	)		(2,634	)		(2,478	)
Interest expense		(21	)		(23	)		-			-			(21	)		(23	)
Depreciation and amortization		(219	)		(219	)		(89	)		(77	)		(308	)		(296	)
Other income, net		-			4			1			6			1			10
Income (loss) from continuing operations before income tax provision		1,044			1,717			(167	)		(263	)		877			1,454
Income tax provision (benefit)		241			498			(45	)		(70	)		196			428
Income (loss) from continuing operations		803			1,219			(122	)		(193	)		681			1,026
Discontinued operations:
Loss from operations of a discontinued component, net of income tax benefit		-			-			-			(409	)		-			(409	)
Loss on disposal of QCC and AMP, net of income tax benefit		-			-			-			(268	)		-			(268	)
Loss from discontinued operations		-			-			-			(677	)		-			(677	)
Net income (loss)	$	803		$	1,219		$	(122	)	$	(870	)	$	681		$	349
Capital expenditures	$	813		$	93		$	176		$	43		$	989		$	136

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SERVOTRONICS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

	ATG						CPG						Consolidated
	Three Months Ended						Three Months Ended						Three Months Ended
	June 30,						June 30,						June 30,
	2013			2012			2013			2012			2013			2012
Revenues from unaffiliated customers	$	5,806		$	5,587		$	2,261		$	2,132		$	8,067		$	7,719
Cost of goods sold, exclusive of depreciation and amortization		(4,121	)		(3,584	)		(1,752	)		(1,702	)		(5,873	)		(5,286	)
Selling, general and administrative		(908	)		(838	)		(427	)		(382	)		(1,335	)		(1,220	)
Interest expense		(11	)		(12	)		-			-			(11	)		(12	)
Depreciation and amortization		(111	)		(110	)		(44	)		(39	)		(155	)		(149	)
Other income, net		-			-			-			2			-			2
Income from continuing operations before income tax provision		655			1,043			38			11			693			1,054
Income tax provision		181			302			8			7			189			309
Income from continuing operations		474			741			30			4			504			745
Discontinued operations:
Loss from operations of a discontinued component, net of income tax benefit		-			-			-			(197	)		-			(197	)
Loss on disposal of QCC and AMP, net of income tax benefit		-			-			-			(268	)		-			(268	)
Loss from discontinued operations		-			-			-			(465	)		-			(465	)
Net income (loss)	$	474		$	741		$	30		$	(461	)	$	504		$	280
Capital expenditures	$	429		$	43		$	82		$	6		$	511		$	49

13. Other Income

Components of other income include interest income on cash and cash equivalents, and other amounts not directly related to the sale of the Company’s products. Other income is immaterial in relationship to the consolidated financial statements.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Overview

During the three months ended June 30, 2013 and 2012 approximately 22% and 30%, respectively, and 20% and 33% for the six months ended June 30, 2013 and 2012, respectively, of the Company’s revenues from continuing operations were derived from contracts with agencies of the U.S. Government or their prime contractors and their subcontractors. Sales of products sold for government applications decreased when comparing the results of the three and six months ended June 30, 2013 to June 30, 2012, due to decreased government shipments at the Consumer Products Group in the amount of approximately $421,000 and $1,736,000, respectively, and decreased shipments to the government at the Advanced Technology Group in the amount of approximately $140,000 and $323,000, respectively. Sales for both the Advanced Technology and Consumer Products military applications are dependent on governmental funding, which can change from year to year. There are risks that overall spending may be reduced in the future, specific programs may be eliminated or that the Company may fail to win new business through the competitive bid process. While the Company is optimistic in relation to these potential opportunities, it recognizes that sales to the government are affected by defense budgets, the foreign policies of the U.S. and other nations, the level of military operations and other factors, and as such, it is difficult to predict the impact on future financial results.

- 17 -

The Company’s commercial business is affected by such factors as uncertainties in today’s global economy, global competition, the vitality and ability of the commercial aviation industry to purchase new aircraft, the effects of terrorism and the threat of terrorism, market demand and acceptance both for the Company’s products and its customers’ products which incorporate Company made components.

The ATG continues its aggressive business development efforts in its primary markets and is broadening its activities to include new domestic and foreign markets that are consistent with its core competencies. Although the ATG backlog continues to be strong, actual scheduled shipments may be delayed/changed as a function of the Company’s customers’ final delivery determinations that may be based on changes in the global economy and other factors.

The Company’s CPG develops new commercial products and products for government and military applications. Included in the significant uncertainties in the near and long term is the impact of expected budget cuts for military spending and vagaries inherent in the government procurement process and programs.

Increasing profitability is dependent on many things, primarily revenue growth and the Company’s ability to control operating expenses. The Company continues to address these challenges by working to improve operating efficiencies and focusing on new product development and the acquisition and development of new product lines while continuing to respond to U.S. government procurement requests for quotes.

- 18 -

Results of Operations

The following table compares the Company’s consolidated statements of income data for the six and three months ended June 30, 2013 and 2012 ($000’s omitted).

	Six Months Ended June 30,
													2013 vs. 2012
	2013						2012						Dollar			% Increase
	Dollars			% of Sales			Dollars			% of Sales			Change			(Decrease)
Revenue:
Advanced Technology	$	11,189			72.6	%	$	10,889			69.0	%	$	300			2.8	%
Consumer Products		4,220			27.4	%		4,897			31.0	%		(677	)		(13.8	%)
		15,409			100.0	%		15,786			100.0	%		(377	)		(2.4	%)
Cost of goods sold, exclusive of depreciation and amortization		11,570			75.1	%		11,545			73.1	%		25			0.2	%
Selling, general and administrative		2,634			17.1	%		2,478			15.7	%		156			6.3	%
Depreciation and amortization		308			2.0	%		296			1.9	%		12			4.1	%
Total costs and expenses		14,512			94.2	%		14,319			90.7	%		193			1.3	%
Operating income, net		897			5.8	%		1,467			9.3	%		(570	)		(38.9	%)
Interest expense		21			0.1	%		23			0.1	%		(2	)		(8.7	%)
Other income, net		(1	)		0.0	%		(10	)		(0.1	%)		9			(90.0	%)
Income tax provision		196			1.3	%		428			2.7	%		(232	)		(54.2	%)
Income from continuing operations		681			4.4	%		1,026			6.6	%		(345	)		(33.6	%)
Loss from operations of a discontinued component, net of income tax benefit		-			-			(409	)		(2.6	%)		409			100.0	%
Loss on disposal of QCC and AMP, net of income tax benefit		-			-			(268	)		(1.7	%)		268			100.0	%
Loss from discontinued operations		-			-			(677	)		(4.3	%)		677			100.0	%
Net income	$	681			4.4	%	$	349			2.3	%	$	332			95.1	%

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	Three Months Ended June 30,
												2013 vs. 2012
	2013					2012						Dollar			% Increase
	Dollars		% of Sales			Dollars			% of Sales			Change			(Decrease)
Revenue:
Advanced Technology	$	5,806		72.0	%	$	5,587			72.4	%	$	219			3.9	%
Consumer Products		2,261		28.0	%		2,132			27.6	%		129			6.1	%
		8,067		100.0	%		7,719			100.0	%		348			4.5	%
Cost of goods sold, exclusive of depreciation and amortization		5,873		72.8	%		5,286			68.5	%		587			11.1	%
Selling, general and administrative		1,335		16.5	%		1,220			15.8	%		115			9.4	%
Depreciation and amortization		155		1.9	%		149			1.9	%		6			4.0	%
Total costs and expenses		7,363		91.2	%		6,655			86.2	%		708			10.6	%
Operating income, net		704		8.8	%		1,064			13.8	%		(360	)		(33.8	%)
Interest expense		11		0.1	%		12			0.2	%		(1	)		(8.3	%)
Other income, net		-		-			(2	)		0.0	%		2			100.0	%
Income tax provision		189		2.3	%		309			4.0	%		(120	)		(38.8	%)
Income from continuing operations		504		6.4	%		745			9.6	%		(241	)		(32.3	%)
Loss from operations of a discontinued component, net of income tax benefit		-		-			(197	)		(2.6	%)		197			100.0	%
Loss on disposal of QCC and AMP, net of income tax benefit		-		-			(268	)		(3.5	%)		268			100.0	%
Loss from discontinued operations		-		-			(465	)		(6.1	%)		465			100.0	%
Net income	$	504		6.4	%	$	280			3.5	%	$	224			80.0	%

Revenue

The Company’s consolidated revenues from continuing operations increased approximately $348,000 or 4.5% for the three month period ended June 30, 2013 and decreased $377,000 or 2.4% for the six month period ended June 30, 2013 when compared to the same three and six month periods in 2012. The variation in sales is the result of two off-setting trends. Commercial sales at both the ATG & CPG have increased due to opportunities among existing and new customers that is not yet fully mitigating the decrease in shipments related to orders from the U.S. Government and its prime vendors of approximately $1,736,000 at the Consumer Products Group (CPG) and $323,000 at the Advanced Technology Group for the six month period ended June 30, 2013.  The increase in commercial sales more than offset the decrease in sales to the government during the three month period ended June 30, 2013.

Cost of Goods Sold

Cost of goods sold as a percentage of revenues increased for the three and six month periods ended June 30, 2013 and 2012 primarily due the mix of products sold at both ATG and CPG. Also contributing to the additional cost of sales are labor inefficiencies at ATG related to new employee training and implementation of development and design changes to existing technology of approximately $272,000.

The Company continues to aggressively pursue cost saving opportunities in material procurements and other operating efficiencies including capital investments in updated and new equipment/machinery as well as investing in the development and training of its labor force.

- 20 -

Selling, General and Administrative Expenses

Selling, general and administrative (SG&A) expenses increased approximately $115,000 or 9.4% for the three month period ended June 30, 2013 and increased $156,000 or 6.3% for the six months periods ended June 30, 2013 when compared to the same periods in 2012. Selling, general and administrative expenses are attributable to marketing of products (i.e., costs of internal and external sales efforts, catalog production, and the promotion of new and existing products in current and new markets). Also included in SG&A expenses are the labor and related costs for general and administrative support, accounting, professional, legal and information technology costs. Labor and labor related expenses for general and administrative support account for approximately 44% and 43% of total SG&A for the six month periods ended June 30, 2013 and 2012. The overall increase in total SG&A is attributable to stock based compensation and increased salaries, wages and employee benefits cost.

Interest Expense

Interest expense remained relatively consistent for the three and six month periods ended June 30, 2013 compared to the same period in 2012 due to interest rates which have remained consistent. See also Note 6, Long-Term Debt, of the accompanying consolidated financial statements for information on long-term debt.

Depreciation and Amortization Expense

Depreciation and amortization expense increased approximately $6,000 or 4.0%for the three month period ended June 30, 2013 and increased $12,000 or 4.1% for the six month period ended June 30, 2013 when compared to the same periods in 2012. Depreciation expense fluctuates due to variable estimated useful lives of depreciable property (as identified in Note 2, Summary of Significant Accounting Policies, of the accompanying consolidated financial statements) as well as the amount and nature of capital expenditures in current and previous periods. It is anticipated that the Company’s future capital expenditures will, at a minimum, follow the Company’s requirements to support its manufacturing delivery commitments and to meet certain information technology related capital expenditure requirements.

Other Income

Components of other income include interest income on cash and cash equivalents and other amounts not directly related to the sale of the Company’s products. Other income is immaterial in relationship to the consolidated financial statements.

Income Taxes

The Company’s continuing operations effective tax rate was approximately 27.3% and 29.3% for the three month periods ended June 30, 2013 and 2012, respectively, and approximately 22.3% and 29.4% for the six months ended June 30, 2013 and 2012, respectively, and the discontinued operations effective tax rate was approximately 34.0% for the three and six month periods ended June 30, 2012, respectively. The effective tax rate in both years reflects federal and state income taxes, permanent non-deductible expenditures and the expected tax benefit for manufacturing deductions allowable under the American Jobs Creation Act of 2004. The Company recorded a tax benefit of approximately $40,000 in the first quarter of 2013 to reflect the research and development tax credit re-enactment related to fiscal 2012. See also Note 8, Income Taxes, of the accompanying consolidated financial statements for information concerning income tax.

- 21 -

Income From Continuing Operations

Income from continuing operations for the three month period ended June 30, 2013 decreased $241,000 or 32.3% when compared to the same period ended June 30, 2012. Income from continuing operations for the six month period ended June 30, 2013 decreased $345,000 or 33.6% when compared to the same period ended June 30, 2012. The decrease in income from continuing operations is primarily the result of decreased revenues and shipments of products at the Company’s Consumer Products Group for the six months ended June 30, 2013 and decreased gross profits for the three months ended June 30, 2013.

Discontinued Operations

During the second quarter of 2012, the Company committed to a plan to enhance profit margins through the expected sale of a component. On September 18, 2012, Queen Cutlery Company (“QCC”), a wholly owned subsidiary of Servotronics Inc., completed the disposition of substantially all of its assets for cash consideration of $650,000. QCC is accounted for as a discontinued operation in the accompanying consolidated financial statements. During the three and six months ended June 30, 2013 there was no loss from discontinued operations related to QCC. A loss before income taxes of approximately $112,000 and $241,000 from discontinued operations was reported for the same three and six month periods in 2012.

On July 23, 2012, Aero Metal Products, Inc. (“AMP”), a wholly owned subsidiary of Servotronics, Inc., gave notice of termination of a personal property capital lease for machinery and equipment previously reported under a $588,000 capital lease with a related party. Due to the termination, beginning in July 2012, this lease is accounted for as an operating lease rather than a capital lease for the remaining term and the related assets and liabilities were removed from the consolidated balance sheet. In the third quarter of 2012, AMP ceased all manufacturing operations and in the fourth quarter of 2012, the Company surrendered all assets under the personal property and real property lease to the lessor, Aero Inc., a previously reported related party. During the three and six months ended June 30, 2013 there was no loss from discontinued operations related to AMP. A loss before income taxes of approximately $186,000 and $368,000 from discontinued operations was reported for the same three and six month periods in 2012.

Liquidity and Capital Resources

The Company’s primary liquidity and capital requirements relate to working capital needs; primarily inventory, accounts receivable and accounts payable as well as capital expenditures for property, plant and equipment and principal and interest payments on debt. At June 30, 2013, the Company had working capital of approximately $19,522,000 ($19,938,000 – December 31, 2012) of which approximately $4,942,000 ($5,573,000 – December 31, 2012) was comprised of cash and cash equivalents.

The Company generated approximately $478,000 in cash from operations during the six months ended June 30, 2013. Cash was generated primarily through net income, prepaid income taxes, timing differences on payments to vendors and an increase in accrued employee compensation and benefit costs. The primary use of cash for the Company’s operating activities for the six months ended June 30, 2013 include working capital requirements, mainly timing differences on collections of accounts receivable, increase in inventory, prepayments on insurances and property tax, other current assets and other accrued liabilities. Cash generated and used in operations is consistent with sales volume, customer expectations and competitive pressures. The Company’s primary use of cash in its financing and investing activities in the first six months of 2013 included approximately $179,000 for the purchase of treasury shares. The Company also expended approximately $989,000 for capital expenditures during the six months ended June 30, 2013.

       At June 30, 2013, there are no material commitments for capital expenditures.

- 22 -

The Company also has an unsecured $2,000,000 line of credit on which there is no balance outstanding at June 30, 2013. If needed, this can be used to fund cash flow required for operations or capital investment projects. The Company believes that it has adequate internal and external resources available to fund expected working capital and capital expenditure requirements through fiscal 2013 as supported by the level of cash/cash equivalents on hand, cash flow from operations and bank lines of credit.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

The Company carried out an evaluation under the supervision and with the participation of its management, including the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), of the effectiveness of the Company’s disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e)) as of June 30, 2013. Based upon that evaluation, the CEO and CFO concluded that the Company’s disclosure controls and procedures are effective to ensure that the information required to be disclosed by the Company in SEC reports under the Exchange Act (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to the Company’s management, including the CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Controls

During the six month period ended June 30, 2013, there were no changes in internal controls over financial reporting that have materially affected, or are reasonably likely to affect, the Company’s internal controls over financial reporting.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

There are no legal proceedings which are material to the Company currently pending by or against the Company other than ordinary routine litigation incidental to the business which is not expected to materially adversely affect the business or earnings of the Company.

Item 1A. Risk Factors

The Company is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.

- 23 -

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

(c)   Company Purchases of Company’s Equity Securities

2013 Periods	Total Number of Shares Purchased	Weighted Average Price $ Paid Per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that may yet be Purchased under the Plans or Programs
January-March	16,952	$8.44	16,952	181,223
April	1,101	$7.71	1,101	180,122
May	1,398	$7.46	1,398	178,724
June	2,038	$7.90	2,038	176,686
Total	21,489	$8.28	21,489	176,686

In January 2006, the Board of Directors authorized the purchase of up to 250,000 shares of the Company’s outstanding common stock in the open market or in privately negotiated transactions. On October 31, 2008, the Company announced that its Board of Directors authorized the purchase of an additional 200,000 shares of the Company’s common stock under the Company’s current purchase program. As of June 30, 2013, the Company has purchased 273,314 shares and there remain 176,686 shares available to purchase under this program. There were 21,489 shares purchased by the Company during the six month period ended June 30, 2013.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

- 24 -

Item 6. Exhibits

31.1 Certification of Chief Executive Officer pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)

31.2 Certification of Chief Financial Officer pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)

32.1 Certification of Chief Executive Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Filed herewith)

32.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Filed herewith)

101 The following materials from Servotronics, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, formatted in XBRL (eXtensible Business Reporting Language):  (i) consolidated balance sheets, (ii) consolidated statements of income, (iii) consolidated statements of comprehensive income, (iv) consolidated statements of cash flows and (v) the notes to the consolidated financial statements.**

**  Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

FORWARD-LOOKING STATEMENTS

In addition to historical information, certain sections of this Form 10-Q contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, such as those pertaining to the Company's expectation of new business and success in its entry into new product programs. Forward-looking statements involve numerous risks and uncertainties. The Company derives a material portion of its revenue from contracts with agencies of the U.S. Government or their prime contractors. The Company's business is performed under fixed price contracts and the following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: uncertainties in today's global economy and global competition, difficulty in predicting defense appropriations, the vitality and ability of the commercial aviation industry to purchase new aircraft, the willingness and ability of the Company's customers to fund long-term purchase programs, market demand and acceptance both for the Company's products and its customers' products which incorporate Company-made components and the ability of the Company to successfully execute its strategic plans. The success of the Company also depends upon the trends that affect the national and international economy. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof. The Company assumes no obligation to update forward-looking statements.

- 25 -

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 12, 2013
	SERVOTRONICS, INC.
	By:	/s/ Cari L. Jaroslawsky, Chief Financial Officer
		Cari L. Jaroslawsky
		Chief Financial Officer
	By:	/s/ Dr. Nicholas D. Trbovich, Chief Executive Officer
		Dr. Nicholas D. Trbovich
		Chief Executive Officer

- 26 -

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Dr. Nicholas D. Trbovich, certify that:

      1.    I have reviewed this quarterly report on Form 10-Q of Servotronics, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 12, 2013	/s/ Dr. Nicholas D. Trbovich, Chief Executive Officer
	Dr. Nicholas D. Trbovich, Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Cari L. Jaroslawsky, certify that:

      1.   I have reviewed this quarterly report on Form 10-Q of Servotronics, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 12, 2013	/s/ Cari L. Jaroslawsky, Chief Financial Officer
	Cari L. Jaroslawsky Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Servotronics, Inc. (the “Company”), on Form 10-Q for the period ended June 30, 2013, I hereby certify solely for the purpose of complying with 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1. Other than the completion of a review of the interim financial statements contained within this report by an independent accountant using professional review standards and procedures, the quarterly report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Act of 1934, and

2. The information contained in the quarterly report fairly represents, in all material respects, the financial condition and results of operations of the Company.

Date: August 12, 2013	/s/ Dr. Nicholas D. Trbovich, Chief Executive Officer
	Dr. Nicholas D. Trbovich Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Servotronics, Inc. (the “Company”), on Form 10-Q for the period ended June 30, 2013, I hereby certify solely for the purpose of complying with 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1. Other than the completion of a review of the interim financial statements contained within this report by an independent accountant using professional review standards and procedures, the quarterly report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Act of 1934, and

2. The information contained in the quarterly report fairly represents, in all material respects, the financial condition and results of operations of the Company.

Date: August 12, 2013	/s/ Cari L. Jaroslawsky, Chief Financial Officer
	Cari L. Jaroslawsky Chief Financial Officer

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Related Party Transactions

6 Months Ended

Jun. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions

11. Related Party Transactions

During 2009 the Company formed a new wholly owned subsidiary that leased certain personal property from a related party through the execution of a capital lease. The Company also entered into a real property operating lease agreement, with the same related party, which provided for annual rental payments of $60,000. These transactions were disclosed as related party transactions because the wife of a former officer of Servotronics, Inc. is a sole shareholder of the company that was leasing/selling the assets. In connection with the Company’s decision to cease all manufacturing operations in the third quarter of 2012 at this subsidiary, and the subsequent surrender of assets under the personal property and real property leases to the related party in the fourth quarter of 2012, the Company accrued for the remaining lease payments which are not material to the June 30, 2013 consolidated financial statements. See Note 7, Capital Lease-Related Party, of the accompanying consolidated financial statements.

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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Statement [Abstract]
Revenue	$ 8,067	$ 7,719	$ 15,409	$ 15,786
Costs, expenses and other income:
Cost of goods sold, exclusive of depreciation and amortization	5,873	5,286	11,570	11,545
Selling, general and administrative	1,335	1,220	2,634	2,478
Interest expense	11	12	21	23
Depreciation and amortization	155	149	308	296
Other income, net		(2)	(1)	(10)
Total expenses	7,374	6,665	14,532	14,332
Income from continuing operations before income tax provision	693	1,054	877	1,454
Income tax provision	189	309	196	428
Income from continuing operations	504	745	681	1,026
Discontinued Operations:
Loss from operations of a discontinued component, net of income tax benefit		(197)		(409)
Loss on disposal of QCC and AMP, net of income tax benefit		(268)		(268)
Loss from discontinued operations		(465)		(677)
Net income	$ 504	$ 280	$ 681	$ 349
Basic
Income per share from continuing operations (in dollars per share)	$ 0.22	$ 0.35	$ 0.30	$ 0.49
Loss per share from discontinued operations (in dollars per share)		$ (0.22)		$ (0.32)
Total net income per share (in dollars per share)	$ 0.22	$ 0.13	$ 0.30	$ 0.17
Diluted
Income per share from continuing operations (in dollars per share)	$ 0.22	$ 0.35	$ 0.30	$ 0.48
Loss per share from discontinued operations (in dollars per share)		$ (0.22)		$ (0.32)
Total net income per share (in dollars per share)	$ 0.22	$ 0.13	$ 0.30	$ 0.16

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Inventories

6 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Inventories

4. Inventories

	June 30,		December 31,
	2013		2012
	($000’s omitted)
Raw materials and common parts	$	6,368		$	6,189
Work-in-process		2,719			2,460
Finished goods		2,364			2,564
Total inventories, net of reserve	$	11,451		$	11,213

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Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

	June 30,			December 31,
	2013			2012
	($000’s omitted)
Land	$	21		$	21
Buildings		7,260			7,256
Machinery, equipment and tooling		13,354			12,370
		20,635			19,647
Less accumulated depreciation and amortization		(14,009	)		(13,701	)
Total property, plant and equipment	$	6,626		$	5,946

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Business Segments

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Business Segments

12. Business Segments

The Company operates in two business segments, Advanced Technology Group (“ATG”) and Consumer Products Group (“CPG”). The Company’s reportable segments are strategic business units that offer different products and services. The segments are composed of separate corporations and are managed separately. Operations in ATG primarily involve the design, manufacture, and marketing of servo-control components (i.e., torque motors, control valves, actuators, etc.) for government, commercial and industrial applications. CPG’s operations involve the design, manufacture and marketing of a variety of cutlery products for use by consumers and government agencies. The Company derives its primary sales revenue from domestic customers, although a portion of finished products are for foreign end use.

As of June 30, 2013, the Company had identifiable assets of approximately $30,406,000 ($29,303,000 – December 31, 2012) of which approximately $19,973,000 ($19,211,000 – December 31, 2012) was for ATG and approximately $10,433,000 ($10,092,000 – December 31, 2012) was for CPG.

Information regarding the Company’s operations in these segments is summarized as follows ($000’s omitted):

	ATG						CPG						Consolidated
	Six Months Ended						Six Months Ended						Six Months Ended
	June 30,						June 30,						June 30,
	2013			2012			2013			2012			2013			2012
Revenues from unaffiliated customers	$	11,189		$	10,889		$	4,220		$	4,897		$	15,409		$	15,786
Cost of goods sold, exclusive of depreciation and amortization		(8,107	)		(7,365	)		(3,463	)		(4,180	)		(11,570	)		(11,545	)
Selling, general and administrative		(1,798	)		(1,569	)		(836	)		(909	)		(2,634	)		(2,478	)
Interest expense		(21	)		(23	)		-			-			(21	)		(23	)
Depreciation and amortization		(219	)		(219	)		(89	)		(77	)		(308	)		(296	)
Other income, net		-			4			1			6			1			10
Income (loss) from continuing operations before income tax provision		1,044			1,717			(167	)		(263	)		877			1,454
Income tax provision (benefit)		241			498			(45	)		(70	)		196			428
Income (loss) from continuing operations		803			1,219			(122	)		(193	)		681			1,026
Discontinued operations:
Loss from operations of a discontinued component, net of income tax benefit		-			-			-			(409	)		-			(409	)
Loss on disposal of QCC and AMP, net of income tax benefit		-			-			-			(268	)		-			(268	)
Loss from discontinued operations		-			-			-			(677	)		-			(677	)
Net income (loss)	$	803		$	1,219		$	(122	)	$	(870	)	$	681		$	349
Capital expenditures	$	813		$	93		$	176		$	43		$	989		$	136

	ATG						CPG						Consolidated
	Three Months Ended						Three Months Ended						Three Months Ended
	June 30,						June 30,						June 30,
	2013			2012			2013			2012			2013			2012
Revenues from unaffiliated customers	$	5,806		$	5,587		$	2,261		$	2,132		$	8,067		$	7,719
Cost of goods sold, exclusive of depreciation and amortization		(4,121	)		(3,584	)		(1,752	)		(1,702	)		(5,873	)		(5,286	)
Selling, general and administrative		(908	)		(838	)		(427	)		(382	)		(1,335	)		(1,220	)
Interest expense		(11	)		(12	)		-			-			(11	)		(12	)
Depreciation and amortization		(111	)		(110	)		(44	)		(39	)		(155	)		(149	)
Other income, net		-			-			-			2			-			2
Income from continuing operations before income tax provision		655			1,043			38			11			693			1,054
Income tax provision		181			302			8			7			189			309
Income from continuing operations		474			741			30			4			504			745
Discontinued operations:
Loss from operations of a discontinued component, net of income tax benefit		-			-			-			(197	)		-			(197	)
Loss on disposal of QCC and AMP, net of income tax benefit		-			-			-			(268	)		-			(268	)
Loss from discontinued operations		-			-			-			(465	)		-			(465	)
Net income (loss)	$	474		$	741		$	30		$	(461	)	$	504		$	280
Capital expenditures	$	429		$	43		$	82		$	6		$	511		$	49

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Business Segments - Summary of company's operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Segment Reporting Information [Line Items]
Revenues from unaffiliated customers	$ 8,067	$ 7,719	$ 15,409	$ 15,786
Cost of goods sold, exclusive of depreciation and amortization	(5,873)	(5,286)	(11,570)	(11,545)
Selling, general and administrative	(1,335)	(1,220)	(2,634)	(2,478)
Interest expense	(11)	(12)	(21)	(23)
Depreciation and amortization	(155)	(149)	(308)	(296)
Other income, net		2	1	10
Income from continuing operations before income tax provision	693	1,054	877	1,454
Income tax provision (benefit)	189	309	196	428
Income from continuing operations	504	745	681	1,026
Discontinued Operations:
Loss from operations of a discontinued component, net of income tax benefit		(197)		(409)
Loss on disposal of QCC and AMP, net of income tax benefit		(268)		(268)
Loss from discontinued operations		(465)		(677)
Net income (loss)	504	280	681	349
Capital expenditures			989	136
Operating Segments
Segment Reporting Information [Line Items]
Revenues from unaffiliated customers	8,067	7,719	15,409	15,786
Cost of goods sold, exclusive of depreciation and amortization	(5,873)	(5,286)	(11,570)	(11,545)
Selling, general and administrative	(1,335)	(1,220)	(2,634)	(2,478)
Interest expense	(11)	(12)	(21)	(23)
Depreciation and amortization	(155)	(149)	(308)	(296)
Other income, net		2	1	10
Income from continuing operations before income tax provision	693	1,054	877	1,454
Income tax provision (benefit)	189	309	196	428
Income from continuing operations	504	745	681	1,026
Discontinued Operations:
Loss from operations of a discontinued component, net of income tax benefit		(197)		(409)
Loss on disposal of QCC and AMP, net of income tax benefit		(268)		(268)
Loss from discontinued operations		(465)		(677)
Net income (loss)	504	280	681	349
Capital expenditures	511	49	989	136
Operating Segments | ATG
Segment Reporting Information [Line Items]
Revenues from unaffiliated customers	5,806	5,587	11,189	10,889
Cost of goods sold, exclusive of depreciation and amortization	(4,121)	(3,584)	(8,107)	(7,365)
Selling, general and administrative	(908)	(838)	(1,798)	(1,569)
Interest expense	(11)	(12)	(21)	(23)
Depreciation and amortization	(111)	(110)	(219)	(219)
Other income, net				4
Income from continuing operations before income tax provision	655	1,043	1,044	1,717
Income tax provision (benefit)	181	302	241	498
Income from continuing operations	474	741	803	1,219
Discontinued Operations:
Loss from operations of a discontinued component, net of income tax benefit
Loss on disposal of QCC and AMP, net of income tax benefit
Loss from discontinued operations
Net income (loss)	474	741	803	1,219
Capital expenditures	429	43	813	93
Operating Segments | CPG
Segment Reporting Information [Line Items]
Revenues from unaffiliated customers	2,261	2,132	4,220	4,897
Cost of goods sold, exclusive of depreciation and amortization	(1,752)	(1,702)	(3,463)	(4,180)
Selling, general and administrative	(427)	(382)	(836)	(909)
Interest expense
Depreciation and amortization	(44)	(39)	(89)	(77)
Other income, net		2	1	6
Income from continuing operations before income tax provision	38	11	(167)	(263)
Income tax provision (benefit)	8	7	(45)	(70)
Income from continuing operations	30	4	(122)	(193)
Discontinued Operations:
Loss from operations of a discontinued component, net of income tax benefit		(197)		(409)
Loss on disposal of QCC and AMP, net of income tax benefit		(268)		(268)
Loss from discontinued operations		(465)		(677)
Net income (loss)	30	(461)	(122)	(870)
Capital expenditures	$ 82	$ 6	$ 176	$ 43

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Long-Term Debt (Detail Textuals) (USD $)			6 Months Ended
	Jun. 30, 2013 Line of credit	Dec. 31, 2012 Line of credit	Jun. 30, 2013 Industrial Development Revenue Bonds; secured by an equivalent letter of credit from a bank with interest payable monthly at a floating rate (0.31% at June 30, 2013) (A)
Debt Instrument [Line Items]
Annual sinking fund payments commenced December 1, 2000 through 2013			$ 170,000
Percentage of annual fee of secured amount			1.00%
Percentage of annual fee of principal amount outstanding			0.25%
Final sinking fund payment due December 1, 2014			2,620,000
Unsecured line of credit	$ 2,000,000	$ 2,000,000

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Business Segments (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Schedule of information regarding company's operations in segments

	ATG						CPG						Consolidated
	Six Months Ended						Six Months Ended						Six Months Ended
	June 30,						June 30,						June 30,
	2013			2012			2013			2012			2013			2012
Revenues from unaffiliated customers	$	11,189		$	10,889		$	4,220		$	4,897		$	15,409		$	15,786
Cost of goods sold, exclusive of depreciation and amortization		(8,107	)		(7,365	)		(3,463	)		(4,180	)		(11,570	)		(11,545	)
Selling, general and administrative		(1,798	)		(1,569	)		(836	)		(909	)		(2,634	)		(2,478	)
Interest expense		(21	)		(23	)		-			-			(21	)		(23	)
Depreciation and amortization		(219	)		(219	)		(89	)		(77	)		(308	)		(296	)
Other income, net		-			4			1			6			1			10
Income (loss) from continuing operations before income tax provision		1,044			1,717			(167	)		(263	)		877			1,454
Income tax provision (benefit)		241			498			(45	)		(70	)		196			428
Income (loss) from continuing operations		803			1,219			(122	)		(193	)		681			1,026
Discontinued operations:
Loss from operations of a discontinued component, net of income tax benefit		-			-			-			(409	)		-			(409	)
Loss on disposal of QCC and AMP, net of income tax benefit		-			-			-			(268	)		-			(268	)
Loss from discontinued operations		-			-			-			(677	)		-			(677	)
Net income (loss)	$	803		$	1,219		$	(122	)	$	(870	)	$	681		$	349
Capital expenditures	$	813		$	93		$	176		$	43		$	989		$	136

	ATG						CPG						Consolidated
	Three Months Ended						Three Months Ended						Three Months Ended
	June 30,						June 30,						June 30,
	2013			2012			2013			2012			2013			2012
Revenues from unaffiliated customers	$	5,806		$	5,587		$	2,261		$	2,132		$	8,067		$	7,719
Cost of goods sold, exclusive of depreciation and amortization		(4,121	)		(3,584	)		(1,752	)		(1,702	)		(5,873	)		(5,286	)
Selling, general and administrative		(908	)		(838	)		(427	)		(382	)		(1,335	)		(1,220	)
Interest expense		(11	)		(12	)		-			-			(11	)		(12	)
Depreciation and amortization		(111	)		(110	)		(44	)		(39	)		(155	)		(149	)
Other income, net		-			-			-			2			-			2
Income from continuing operations before income tax provision		655			1,043			38			11			693			1,054
Income tax provision		181			302			8			7			189			309
Income from continuing operations		474			741			30			4			504			745
Discontinued operations:
Loss from operations of a discontinued component, net of income tax benefit		-			-			-			(197	)		-			(197	)
Loss on disposal of QCC and AMP, net of income tax benefit		-			-			-			(268	)		-			(268	)
Loss from discontinued operations		-			-			-			(465	)		-			(465	)
Net income (loss)	$	474		$	741		$	30		$	(461	)	$	504		$	280
Capital expenditures	$	429		$	43		$	82		$	6		$	511		$	49

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Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Schedule of stockholders equity of the company

	($000’s omitted except for share data)
	Common stock														Accumulated OtherComprehensive Loss
	Number of shares issued	Amount		Capital in excess of par value		Retained earnings			ESOP			Treasury stock						Total Shareholders’ Equity
Balance December 31, 2012	2,614,506	$	523	$	13,987	$	11,771		$	(1,165	)	$	(1,765	)	$	(85	)	$	23,266
Net income	-		-		-		681			-			-			-			681
Purchase of treasury shares	-		-		-		-			-			(179	)		-			(179	)
Dividends Payable	-		-		-		(406	)		-			-			-			(406	)
Stock based compensation	-		-		-		-			-			75			-			75
Exercise of stock options, net of tax benefit	-		-		21		(38	)		-			109			-			92
Balance June 30, 2013	2,614,506	$	523	$	14,008	$	12,008		$	(1,165	)	$	(1,760	)	$	(85	)	$	23,529

Schedule of earnings per share of the company

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
	($000’s omitted except per share data)
Income from continuing operations	$	504	$	745		$	681	$	1,026
Loss from discontinued operations		-		(465	)		-		(677	)
Net income	$	504	$	280		$	681	$	349
Weighted average common shares outstanding (basic)		2,318		2,151			2,237		2,114
Incremental shares from assumed conversions of stock options		1		7			-		25
Weighted average common shares outstanding (diluted)		2,319		2,158			2,237		2,139
Basic
Income per share from continuing operations	$	0.22	$	0.35		$	0.30	$	0.49
Loss per share from discontinued operations		-		(0.22	)		-		(0.32	)
Total net income per share	$	0.22	$	0.13		$	0.30	$	0.17
Diluted
Income per share from continuing operations	$	0.22	$	0.35		$	0.30	$	0.48
Loss per share from discontinued operations		-		(0.22	)		-		(0.32	)
Total net income per share	$	0.22	$	0.13		$	0.30	$	0.16

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Commitments and Contingencies (Detail Textuals) (USD $)	6 Months Ended
	Jun. 30, 2013 sqft
Commitments and Contingencies Disclosure [Abstract]
Maximum estimated additional liabilities of future medical benefits and severance compensation	$ 1,400,000
Area of additional construction facility for capital improvements	25,000

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Property, Plant and Equipment (Detail Textuals) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Depreciation	$ 119,000	$ 114,000	$ 238,000	$ 227,000
Depreciation and amortization	155,000	149,000	308,000	296,000
Buildings
Property, Plant and Equipment [Line Items]
Accumulated amortization	2,617,000		2,617,000		2,552,000
Amortization expense	33,000	33,000	65,000	65,000
Machinery and equipment
Property, Plant and Equipment [Line Items]
Amortization expense	$ 0	$ 21,000	$ 0	$ 42,000

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Income Taxes (Detail Textuals) (USD $)	3 Months Ended
	Mar. 31, 2013
Income Tax Disclosure [Abstract]
Amount of tax benefit to reflect research and development tax credit re-enactment	$ 40,000

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Business Segments (Detail Textuals) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013 Segment	Dec. 31, 2012
Segment Reporting Information [Line Items]
Number of operating segments	2
Total identifiable assets	$ 30,406	$ 29,303
Operating Segments | Advanced Technology Group
Segment Reporting Information [Line Items]
Total identifiable assets	19,973	19,211
Operating Segments | Consumer Products Group
Segment Reporting Information [Line Items]
Total identifiable assets	$ 10,433	$ 10,092

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Discontinued operations (Detail Textuals) (USD $)	1 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended
	Sep. 18, 2012 Queen Cutlery Company (QCC)	Jun. 30, 2012 Queen Cutlery Company (QCC)	Jun. 30, 2012 Queen Cutlery Company (QCC)	Jun. 30, 2012 Aero Metal Products, Inc. (AMP)	Jun. 30, 2012 Aero Metal Products, Inc. (AMP)	Jul. 23, 2013 Aero Metal Products, Inc. (AMP) Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposition of sale of assets for cash consideration	$ 650,000
Loss from discontinued operations before income tax		112,000	241,000	186,000	368,000
Capital lease with a related party						$ 588,000

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Shareholders' Equity (Detail Textuals) (Share Repurchase Program)	6 Months Ended
	Jun. 30, 2013	Oct. 31, 2008	Jan. 31, 2006
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be purchased (in shares)		200,000	250,000
Number of shares purchased under purchase program (in shares)	273,314
Remaining number of shares authorized to be purchased (in shares)	176,686
Shares purchased during period	21,489

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Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Schedule of long-term debt

	June 30,			December 31,
	2013			2012
	($000’s omitted)
Industrial Development Revenue Bonds; secured by an equivalent letter of credit from a bank with interest payable monthly at a floating rate (0.31% at June 30, 2013) (A)	$	2,790		$	2,790
Secured term loan payable to a government agency; monthly payments of $1,950 including interest fixed at 3% payable through fourth quarter of 2015		54			65
		2,844			2,855
Less current portion		(192	)		(192	)
	$	2,652		$	2,663

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows related to operating activities:
Net income	$ 681	$ 349
Adjustments to reconcile net income to net cash (used) generated in operating activities:
Depreciation and amortization	308	340
Loss on disposal of QCC and AMP, net of income tax benefit		406
Stock based compensation	75
(Decrease) increase in inventory reserve	(44)	53
(Decrease) increase in allowance for doubtful accounts	(18)	7
Change in assets and liabilities:
Accounts receivable	(949)	(138)
Inventories	(194)	(1,168)
Prepaid income taxes	381	(163)
Other assets	(221)	(303)
Other non-current assets	12	(11)
Accounts payable	355	(12)
Accrued employee compensation and benefit costs	197	81
Other accrued liabilities	(105)	(136)
Net cash generated (used) in operating activities	478	(695)
Cash flows related to investing activities:
Capital expenditures - property, plant and equipment	(989)	(136)
Net cash used in investing activities	(989)	(136)
Cash flows related to financing activities:
Principal payments on long-term debt	(11)	(22)
Proceeds from exercise of stock options	70	234
Principal payments on capital lease related party		(41)
Purchase of treasury shares	(179)	(22)
Net cash (used) generated in financing activities	(120)	149
Net decrease in cash and cash equivalents	(631)	(682)
Cash and cash equivalents at beginning of period	5,573	4,948
Cash and cash equivalents at end of period	$ 4,942	$ 4,266

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Business Description and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2013

Business Description and Summary Of Significant Accounting Policies [Abstract]

Business Description and Summary of Significant Accounting Policies

2. Business Description and Summary of Significant Accounting Policies

Business Description

Servotronics, Inc. and its subsidiaries design, manufacture and market advanced technology products consisting primarily of control components and consumer products consisting of knives and various types of cutlery and other edged products.

Principles of Consolidation

The consolidated financial statements include the accounts of Servotronics, Inc. and its wholly-owned subsidiaries (the “Company”). All intercompany balances and transactions have been eliminated upon consolidation.

Cash and Cash Equivalents

The Company considers cash and cash equivalents to include all cash accounts and short-term investments purchased with an original maturity of three months or less.

Accounts Receivable

The Company grants credit to substantially all of its customers and carries its accounts receivable at original invoice amount less an allowance for doubtful accounts. On a periodic basis, the Company evaluates its accounts receivable and establishes an allowance for doubtful accounts based on history of past write-offs, collections, and current credit conditions. The allowance for doubtful accounts amounted to approximately $112,000 at June 30, 2013 and $130,000 at December 31, 2012. The Company does not accrue interest on past due receivables.

Revenue Recognition

Revenues are recognized as services are rendered or as units are shipped and at the designated FOB point consistent with the transfer of title, risks and rewards of ownership. Such purchase orders generally include specific terms relative to quantity, item description, specifications, price, customer responsibility for in-process costs, delivery schedule, shipping point, payment and other standard terms and conditions of purchase.

Inventories

Inventories are stated at the lower of standard cost or net realizable value. Cost includes all costs incurred to bring each product to its present location and condition. Market provisions in respect of lower of cost or market adjustments and inventory expected to be used in greater than one year are applied to the gross value of the inventory through a reserve of approximately $734,000 and $778,000 at June 30, 2013 and December 31, 2012, respectively. Pre-production and start-up costs are expensed as incurred.

The purchase of suppliers’ minimum economic quantities of material such as steel, etc. may result in a purchase of quantities exceeding one year of customer requirements. Also, in order to maintain a reasonable and/or agreed to lead time, certain larger quantities of other product support items may have to be purchased and may result in over one year’s supply.

Shipping and Handling Costs

Shipping and handling costs are classified as a component of cost of goods sold.

Property, Plant and Equipment

Property, plant and equipment is carried at cost; expenditures for new facilities and equipment and expenditures which substantially increase the useful lives of existing plant and equipment are capitalized; expenditures for maintenance and repairs are expensed as incurred. Upon disposal of properties, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is included in income.

Depreciation is provided on the basis of estimated useful lives of depreciable properties, primarily by the straight-line method for financial statement purposes and by accelerated methods for tax purposes. Depreciation expense includes the amortization of capital lease assets. The estimated useful lives of depreciable properties are generally as follows:

Buildings and improvements	5-39 years
Machinery and equipment	5-20 years
Tooling	3-5 years

Income Taxes

The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of operating loss and credit carryforwards and temporary differences between the carrying amounts and the tax basis of assets and liabilities. The Company and its subsidiaries file a consolidated federal income tax return, combined New York and Texas state income tax returns and separate Pennsylvania and Arkansas state income tax returns.

The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company did not have any accrued interest or penalties included in its consolidated balance sheets at June 30, 2013 or December 31, 2012, and did not recognize any interest and/or penalties in its consolidated statements of income during the three and six months ended June 30, 2013 and 2012.

The 2009 through 2012 Federal and state returns remain open under statute.

Supplemental Cash Flow Information

Income taxes paid during the three months ended June 30, 2013 and 2012 amounted to approximately zero and $248,500, respectively, and amounted to approximately $2,700 and $256,000 for the six months ended June 30, 2013 and 2012, respectively. Interest paid during the three months ended June 30, 2013 and 2012 amounted to approximately $11,000 and $14,000, respectively, and amounted to $21,000 and $27,000 for the six months ended June 30, 2013 and 2012, respectively. In the first quarter of 2013, the Company reduced its tax liability by approximately $21,000 related to the exercise of stock options and was credited directly to capital in excess of par value.

Employee Stock Ownership Plan

Contributions to the employee stock ownership plan are determined annually by the Company according to plan formula.

Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate, or at least annually, that the carrying amount of the assets may not be fully recoverable based on undiscounted future operating cash flow analyses. If an impairment is determined to exist, any related impairment loss is calculated based on fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. The Company has determined that no impairment of long-lived assets existed at June 30, 2013 and December 31, 2012.

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications

Certain balances as previously reported were reclassified to conform with classifications adopted in the current period.

Research and Development Costs

Research and development costs are expensed as incurred.

Concentration of Credit Risks

Financial instruments that potentially subject the Company to concentration of credit risks principally consist of cash accounts in financial institutions. Although the accounts exceed the federally insured deposit amount, management does not anticipate nonperformance by the financial institutions. Refer to Note 12, Business Segments, for disclosures related to customer concentrations.

Fair Value of Financial Instruments

The carrying amount of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are reasonable estimates of their fair value due to their short maturity. Based on variable interest rates and the borrowing rates currently available to the Company for loans similar to its long-term debt, the fair value approximates its carrying amount.

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Property, Plant and Equipment

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

5. Property, Plant and Equipment

	June 30,			December 31,
	2013			2012
	($000’s omitted)
Land	$	21		$	21
Buildings		7,260			7,256
Machinery, equipment and tooling		13,354			12,370
		20,635			19,647
Less accumulated depreciation and amortization		(14,009	)		(13,701	)
Total property, plant and equipment	$	6,626		$	5,946

Property, plant and equipment includes land and building in Elma, New York, under a $5,000,000 capital lease which can be purchased for a nominal amount at the end of the lease term. As of June 30, 2013 and December 31, 2012, accumulated amortization on the building amounted to approximately $2,617,000 and $2,552,000, respectively. Amortization expense amounted to $33,000 for the three month periods ended June 30, 2013 and 2012, respectively, and amounted to $65,000 for the six month periods ended June 30, 2013 and 2012, respectively. The associated current and long-term liabilities are discussed in Note 6, Long-Term Debt, of the accompanying consolidated financial statements.

On July 23, 2012, the Company gave notice of termination of a capital lease for machinery and equipment previously reported under a $588,000 capital lease with a related party. Due to the termination, beginning in July 2012, this lease is accounted for as an operating lease rather than a capital lease for the remaining term and the related assets and liabilities were removed from the consolidated balance sheet. See also, Note 7, Capital Lease – Related Party, of the accompanying consolidated financial statements for more information. Amortization expense related to the capital lease related party, included in the loss from operations of a discontinued component, net of tax, amounted to zero and approximately $21,000 for the three month periods ended June 30, 2013 and 2012, respectively, and amounted to approximately zero and $42,000 for the six month periods ended June 30, 2013 and 2012, respectively.

Depreciation expense from continuing operations amounted to $119,000 and $114,000 for the three month periods ended June 30, 2013 and 2012, respectively, and amounted to $238,000 and $227,000 for the six month periods ended June 30, 2013 and 2012, respectively. The combined depreciation and amortization expense from continuing operations amounted to $155,000 and $149,000 for the three month periods ended June 30, 2013 and 2012, respectively, and amounted to $308,000 and $296,000 for the six month periods ended June 30, 2013 and 2012, respectively. The Company believes that it maintains property and casualty insurance in amounts adequate for the risk and nature of its assets and operations and which are generally customary in its industry.

Included in the machinery, equipment and tooling is approximately $947,000 of construction in progress, of which approximately $792,000 relates to the facility expansion and related equipment in Elma, New York, not yet placed in service at June 30, 2013. There was approximately $290,000 of construction in progress at December 31, 2012, all related to this facility expansion and related equipment.

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Discontinued Operations

6 Months Ended

Jun. 30, 2013

Discontinued Operations [Abstract]

Discontinued Operations

3. Discontinued Operations

During the second quarter of 2012, the Company committed to a plan to enhance profit margins through the expected sale of a component. On September 18, 2012, Queen Cutlery Company (QCC), a wholly owned subsidiary of Servotronics Inc., completed the disposition of substantially all of its assets for cash consideration of $650,000. QCC is accounted for as a discontinued operation in the accompanying consolidated financial statements. During the three and six months ended June 30, 2013 there was no loss from discontinued operations related to QCC. A loss before income taxes of approximately $112,000 and $241,000 from discontinued operations was reported for the same three and six month periods in 2012.

On July 23, 2013, Aero Metal Products, Inc. (“AMP”), a wholly owned subsidiary of Servotronics, Inc., gave notice of termination of a personal property capital lease for machinery and equipment previously reported under a $588,000 capital lease with a related party. Due to the termination, beginning in July 2012, this lease is accounted for as an operating lease rather than a capital lease for the remaining term and the related assets and liabilities were removed from the consolidated balance sheet. In the third quarter of 2012, AMP ceased all manufacturing operations and in the fourth quarter of 2012, the Company surrendered all assets under the personal property and real property lease to the lessor, Aero Inc., a previously reported related party. During the three and six months ended June 30, 2013, there was no loss from discontinued operations related to AMP. A loss before income taxes of approximately $186,000 and $368,000 from discontinued operations was reported for the same three and six month periods in 2012.

The following is a summary of discontinued operations:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013		2012			2013		2012
	($000’s omitted)
Discontinued operations:
Revenue of QCC and AMP	$	-	$	376		$	-	$	678
Loss from operations of QCC and AMP	$	-	$	(298	)	$	-	$	(609	)
Income tax benefit		-		101			-		200
Net loss from operations of QCC and AMP		-		(197	)		-		(409	)
Loss on disposal of QCC and AMP		-		(406	)		-		(406	)
Income tax benefit		-		138			-		138
Net loss on disposal of QCC and AMP		-		(268	)		-		(268	)
Loss from discontinued operations	$	-	$	(465	)	$	-	$	(677	)

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Shareholders' Equity - Summary of shareholders' equity (Details) (USD $) In Thousands, except Share data, unless otherwise specified	Common stock	Capital in excess of par value	Retained earnings	ESOP	Treasury stock	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2012	$ 523	$ 13,987	$ 11,771	$ (1,165)	$ (1,765)	$ (85)	$ 23,266
Balance (shares) at Dec. 31, 2012	2,614,506						2,614,506
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			681				681
Purchase of treasury shares					(179)		(179)
Dividends Payable			(406)				(406)
Stock based compensation					75		75
Exercise of stock options, net of tax benefit		21	(38)		109		92
Balance at Jun. 30, 2013	$ 523	$ 14,008	$ 12,008	$ (1,165)	$ (1,760)	$ (85)	$ 23,529
Balance (shares) at Jun. 30, 2013	2,614,506						2,614,506

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Business Description and Summary of Significant Accounting Policies - Estimated useful lives of depreciable properties (Details)	6 Months Ended
	Jun. 30, 2013
Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives of depreciable properties	5-39 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives of depreciable properties	5-20 years
Tooling
Property, Plant and Equipment [Line Items]
Estimated useful lives of depreciable properties	3-5 years

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Inventories - Summary of inventories (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Inventory Disclosure [Abstract]
Raw materials and common parts	$ 6,368	$ 6,189
Work-in-process	2,719	2,460
Finished goods	2,364	2,564
Total inventories, net of reserve	$ 11,451	$ 11,213

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Long-Term Debt - Summary of long term debt (Details) (Parenthetical) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Industrial Development Revenue Bonds; secured by an equivalent letter of credit from a bank with interest payable monthly at a floating rate (0.31% at June 30, 2013) (A) | Letter of credit from bank
Debt Instrument [Line Items]
Percentage of floating interest rate payable	0.31%
Secured term loan payable to a government agency; monthly payments of $1,950 including interest fixed at 3% payable through fourth quarter of 2015
Debt Instrument [Line Items]
Percentage of fixed interest rate payable	3.00%
Monthly principal payments	$ 1,950
Frequency of principal payments	Monthly

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Shareholders' Equity (Detail Textuals 2) (USD $)	1 Months Ended		3 Months Ended
	May 28, 2013	Apr. 18, 2013 2012 Long-Term Incentive Plan Restricted stock Executive Officers	Jun. 30, 2013 2012 Long-Term Incentive Plan Restricted stock Executive Officers
Deferred Compensation Arrangement With Individual, Share-Based Payments [Line Items]
Number of restricted stock issued		165,000
Vesting period of restricted share awards		4 years
Expense recognized for issuance of restricted shares		$ 1,336,500	$ 75,000
Dividends payable per share	$ 0.16
Dividends, Date Declared	May 28, 2013
Dividends, Date to be Paid	Jul. 15, 2013
Dividends,Date of Record	Jun. 24, 2013
Aggregate cash dividends	$ 406,000

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.20	$ 0.20
Common stock, shares authorized	4,000,000	4,000,000
Common stock, shares issued	2,614,506	2,614,506
Common stock, shares outstanding	2,316,431	2,157,920
Treasury stock, shares	82,861	241,372

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

8. Income Taxes

The Company did not have any material uncertain tax positions or unrecognized tax benefits or obligations as of June 30, 2013 and December 31, 2012. The Company recorded a tax benefit of approximately $40,000 in the first quarter of 2013 to reflect the research and development tax credit re-enactment related to fiscal 2012. The Company and its subsidiaries file a consolidated federal income tax return, combined New York and Texas state income tax returns and separate Pennsylvania and Arkansas state income tax returns.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement Of Income and Comprehensive Income [Abstract]
Net income	$ 504	$ 280	$ 681	$ 349
Other comprehensive income:
Retirement benefits adjustment
Total comprehensive income	$ 504	$ 280	$ 681	$ 349

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CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 4,942	$ 5,573
Accounts receivable, net	5,825	4,858
Inventories, net	11,451	11,213
Prepaid income taxes	27	387
Deferred income taxes	655	655
Other assets	527	306
Total current assets	23,427	22,992
Property, plant and equipment, net	6,626	5,946
Other non-current assets	353	365
Total Assets	30,406	29,303
Current liabilities:
Current portion of long-term debt	192	192
Dividends payable	406
Accounts payable	1,406	1,051
Accrued employee compensation and benefit costs	1,617	1,422
Other accrued liabilities	284	389
Total current liabilities	3,905	3,054
Long-term debt	2,652	2,663
Deferred income taxes	320	320
Commitments and contingencies (See Note 10)
Shareholders' equity:
Common stock, par value $.20; authorized 4,000,000 shares; issued 2,614,506 shares; outstanding 2,316,431 (2,157,920 - 2012) shares	523	523
Capital in excess of par value	14,008	13,987
Retained earnings	12,008	11,771
Accumulated other comprehensive loss	(85)	(85)
Employee stock ownership trust commitment	(1,165)	(1,165)
Treasury stock, at cost 82,861 (241,372 - 2012) shares	(1,760)	(1,765)
Total shareholders' equity	23,529	23,266
Total Liabilities and Shareholders' Equity	$ 30,406	$ 29,303

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Business Description and Summary of Significant Accounting Policies (Detail Textuals) (USD $)	3 Months Ended			6 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Business Description and Summary Of Significant Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 112,000			$ 112,000		$ 130,000
Inventory reserve	734,000			734,000		778,000
Income taxes paid	0		248,500	2,700	256,000
Interest paid	11,000		14,000	21,000	27,000
Exercise of stock options, net of income tax benefit		$ 21,000

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Inventories (Tables)

6 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Schedule of inventories

	June 30,		December 31,
	2013		2012
	($000’s omitted)
Raw materials and common parts	$	6,368		$	6,189
Work-in-process		2,719			2,460
Finished goods		2,364			2,564
Total inventories, net of reserve	$	11,451		$	11,213

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Shareholders' Equity (Detail Textuals 1) (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended	3 Months Ended
	Jun. 30, 2013	Mar. 31, 2013 Option Holder ESOP
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Number of options elected to exercise		15,000
Exercise of stock options	$ 92	$ 70
Tax benefit associated with option exercised		$ 21

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Capital Lease - Related Party (Detail Textuals) (Related party one, USD $)	0 Months Ended
	Nov. 03, 2009
Related party one
Related Party Transaction [Line Items]
Monthly payments	$ 7,500
Interest rate	2.00%

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Property, Plant and Equipment (Detail Textuals 1) (USD $)	Jun. 30, 2013 Land and building Elma Capital Lease Obligations	Jul. 23, 2012 Machinery and equipment Capital Lease Obligations Subsequent Event	Jun. 30, 2013 Construction in progress Elma	Dec. 31, 2012 Construction in progress Elma	Jun. 30, 2013 Facility expansion and related equipment Elma
Property, Plant and Equipment [Line Items]
Nominal amount of capital lease	$ 5,000,000
Capital lease obligations related party		588,000
Construction in progress			$ 947,000	$ 290,000	$ 792,000

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Long-Term Debt - Summary of long term debt (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013		Dec. 31, 2012
Debt Instrument [Line Items]
Long-term debt	$ 2,844		$ 2,855
Less current portion	(192)		(192)
Long-term debt, Noncurrent	2,652		2,663
Industrial Development Revenue Bonds; secured by an equivalent letter of credit from a bank with interest payable monthly at a floating rate (0.31% at June 30, 2013) (A)
Debt Instrument [Line Items]
Long-term debt	2,790	[1]	2,790	[1]
Secured term loan payable to a government agency; monthly payments of $1,950 including interest fixed at 3% payable through fourth quarter of 2015
Debt Instrument [Line Items]
Long-term debt	$ 54		$ 65

[1] The Industrial Development Revenue Bonds were issued by a government agency to finance the construction of the Company's headquarters/advanced technology facility. Annual sinking fund payments of $170,000 commenced December 1, 2000 and continue through 2013, with a final payment of $2,620,000 due December 1, 2014. The Company has agreed to reimburse the issuer of the letter of credit if there are draws on that letter of credit. The Company pays the letter of credit bank an annual fee of 1% of the amount secured thereby and pays the remarketing agent for the bonds an annual fee of 1/4% of the principal amount outstanding. The Company's interest under the facility capital lease has been pledged to secure its obligations to the government agency, the bank and the bondholders.

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Capital Lease- Related Party

6 Months Ended

Jun. 30, 2013

Leases [Abstract]

Capital Lease- Related Party

7. Capital Lease – Related Party

On November 3, 2009, the Company entered into a capital lease with a related party of the Company for certain personal property. Monthly payments of $7,500 which include an imputed fixed interest rate of 2.00% commenced November 3, 2009 through the fourth quarter of 2016.

On July 23, 2012, the Company gave twelve months notice of termination of this lease. There was no material gain or loss associated with the cancellation of such agreement. Due to the termination, beginning in July 2012, this lease was accounted for as an operating lease rather than a capital lease for the remaining term and the related assets and liabilities were removed from the consolidated balance sheet. The Company has accrued for the remaining balances payable on the accompanying June 30, 2013 consolidated financial statements. The termination relates to discontinued operations as discussed in Note 3, Discontinued Operations, of the accompanying consolidated financial statements. There are no other future obligations under this lease.

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Discontinued operations - Summary of discontinued operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Discontinued Operations [Abstract]
Revenue of QCC and AMP		$ 376		$ 678
Loss from operations of QCC and AMP		(298)		(609)
Income tax benefit		101		200
Net loss from operations of QCC and AMP		(197)		(409)
Loss on disposal of QCC and AMP		(406)		(406)
Income tax benefit		138		138
Loss on disposal of QCC and AMP, net of income tax benefit		(268)		(268)
Loss from discontinued operations		$ (465)		$ (677)

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Shareholders' Equity - Calculation of earning per share (Details 1) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Equity [Abstract]
Income from continuing operations	$ 504	$ 745	$ 681	$ 1,026
Loss from discontinued operations		(465)		(677)
Net income	$ 504	$ 280	$ 681	$ 349
Weighted average common shares outstanding (basic) (in shares)	2,318	2,151	2,237	2,114
Incremental shares from assumed conversions of stock options	1	7		25
Weighted average common shares outstanding (diluted) (in shares)	2,319	2,158	2,237	2,139
Basic
Income per share from continuing operations (in dollars per share)	$ 0.22	$ 0.35	$ 0.30	$ 0.49
Loss per share from discontinued operations (in dollars per share)		$ (0.22)		$ (0.32)
Total net income per share (in dollars per share)	$ 0.22	$ 0.13	$ 0.30	$ 0.17
Diluted
Income per share from continuing operations (in dollars per share)	$ 0.22	$ 0.35	$ 0.30	$ 0.48
Loss per share from discontinued operations (in dollars per share)		$ (0.22)		$ (0.32)
Total net income per share (in dollars per share)	$ 0.22	$ 0.13	$ 0.30	$ 0.16

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

10. Commitments and Contingencies

The Company has a contingent liability related to the termination of an employment agreement for a former Executive Officer of the Company, effective September 29, 2012. The Company is unable to reasonably or accurately estimate the amount of the liability at this time. Under the terms of the agreement, management estimates that the compensation in the form of future medical benefits and severance payments could result in additional liabilities as high as approximately $1,400,000. The Company is disputing these amounts through negotiation, accordingly, no additional liability has been accrued as of June 30, 2013 or December 31, 2012 related to these items since the likelihood, if any, cannot be determined or reliably measured at this time.

The Company leases certain equipment pursuant to operating lease arrangements. Total rental expense in the three and six month periods ended June 30, 2013 and 2012 and future minimum payments under such leases are not material to the consolidated financial statements. The Company also leases certain real property being accounted for under capital leases. See also Note 5, Property, Plant and Equipment, Note 6, Long-Term Debt, Note 7, Capital Lease – Related Party and Note 11, Related Party Transactions of the accompanying consolidated financial statements for information on the leases.

The Company anticipates a multi-year investment plan designed to consolidate the operations of the CPG.  The five year plan includes the construction of an approximate 25,000 square foot addition, capital improvements to the existing plant, the reconfiguration of its production process within the expanded facility, and the addition of new state of the art knife-making equipment. The timing, nature and extent of the expansion and renovation project are dependent upon the ability of the Company to secure financial assistance from various governmental assistance programs that it has applied for.  At this time there are no material commitments for financial resources.

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Long-Term Debt

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Long-Term Debt

6. Long-Term Debt

	June 30,			December 31,
	2013			2012
	($000’s omitted)
Industrial Development Revenue Bonds; secured by an equivalent letter of credit from a bank with interest payable monthly at a floating rate (0.31% at June 30, 2013) (A)	$	2,790		$	2,790
Secured term loan payable to a government agency; monthly payments of $1,950 including interest fixed at 3% payable through fourth quarter of 2015		54			65
		2,844			2,855
Less current portion		(192	)		(192	)
	$	2,652		$	2,663

 (A) The Industrial Development Revenue Bonds were issued by a government agency to finance the construction of the Company’s headquarters/advanced technology facility. Annual sinking fund payments of $170,000 commenced December 1, 2000 and continue through 2013, with a final payment of $2,620,000 due December 1, 2014. The Company has agreed to reimburse the issuer of the letter of credit if there are draws on that letter of credit. The Company pays the letter of credit bank an annual fee of 1% of the amount secured thereby and pays the remarketing agent for the bonds an annual fee of 1/4% of the principal amount outstanding. The Company’s interest under the facility capital lease has been pledged to secure its obligations to the government agency, the bank and the bondholders.

The Company has an unsecured $2,000,000 line of credit on which there was no balance outstanding at June 30, 2013 or December 31, 2012.

Certain lenders require the Company to comply with debt covenants as described in the specific loan documents, including a debt service ratio. At June 30, 2013 and December 31, 2012, the Company was in compliance with its debt covenants.

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Basis of Presentation

6 Months Ended

Jun. 30, 2013

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles for complete financial statements.

The accompanying consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and six months ended June 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. The consolidated financial statements should be read in conjunction with the 2012 annual report and the notes thereto.

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Related Party Transaction (Detail Textuals) (Related party one, USD $)	Dec. 31, 2009
Related party one
Related Party Transaction [Line Items]
Real property lease agreement, annual rental expenses	$ 60,000

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Property, Plant and Equipment - Summary of property, plant and equipment (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	$ 20,635	$ 19,647
Less accumulated depreciation and amortization	(14,009)	(13,701)
Total property, plant and equipment	6,626	5,946
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	21	21
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	7,260	7,256
Machinery, equipment and tooling
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	$ 13,354	$ 12,370

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Other Income

6 Months Ended

Jun. 30, 2013

Other Income and Expenses [Abstract]

Other Income

13. Other Income

Components of other income include interest income on cash and cash equivalents, and other amounts not directly related to the sale of the Company’s products. Other income is immaterial in relationship to the consolidated financial statements.

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Shareholders' Equity

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Shareholders' Equity

9. Shareholders’ Equity

	($000’s omitted except for share data)
	Common stock														Accumulated Other Comprehensive Loss
	Number of shares issued	Amount		Capital in excess of par value		Retained earnings			ESOP			Treasury stock						Total Shareholders’ Equity
Balance December 31, 2012	2,614,506	$	523	$	13,987	$	11,771		$	(1,165	)	$	(1,765	)	$	(85	)	$	23,266
Net income	-		-		-		681			-			-			-			681
Purchase of treasury shares	-		-		-		-			-			(179	)		-			(179	)
Dividends Payable	-		-		-		(406	)		-			-			-			(406	)
Stock based compensation	-		-		-		-			-			75			-			75
Exercise of stock options, net of tax benefit	-		-		21		(38	)		-			109			-			92
Balance June 30, 2013	2,614,506	$	523	$	14,008	$	12,008		$	(1,165	)	$	(1,760	)	$	(85	)	$	23,529

In January 2006, the Board of Directors authorized the purchase of up to 250,000 shares of the Company’s outstanding common stock in the open market or in privately negotiated transactions. On October 31, 2008, the Company announced that its Board of Directors authorized the purchase of an additional 200,000 shares of the Company’s common stock under the Company’s current purchase program. As of June 30, 2013, the Company has purchased 273,314 shares and there remain 176,686 shares available to purchase under this program. There were 21,489 shares purchased by the Company during the six month period ended June 30, 2013.

In the first quarter of 2013 certain option holders elected to exercise 15,000 options.  These shares were issued out of treasury stock for net proceeds of approximately $70,000. Such transactions were properly reported on Form 4 with the Securities and Exchange Commission. A tax benefit to the Company of approximately $21,000 associated with these transactions reduced taxes payable and was credited directly to capital in excess of par value.

On April 18, 2013, the Company issued 165,000 shares of restricted stock to Executive Officers of the Company under the Company’s 2012 Long-Term Incentive Plan that was approved by the shareholders at the 2012 Annual Meeting of Shareholders. The restricted share awards vest over four year periods between January 2014 and January 2017; however, have voting rights and accrue dividends prior to vesting. The aggregate amount of expense to the Company, measured based on grant date fair value is expected to be $1,336,500 (of which approximately $75,000 is included in the second quarter ended June 30, 2013) and will be recognized over the four year requisite service period.

On May 28, 2013 the Company announced that its Board of Directors declared a $0.16 per share cash dividend. The dividend was subsequently paid on July 15, 2013 to shareholders of record on June 24, 2013 and was approximately $406,000 in the aggregate. These dividends do not represent that the Company will pay dividends on a regular or scheduled basis. The amount is recorded in dividends payable on the accompanying consolidated balance sheet.

Earnings Per Share

Basic earnings per share is computed by dividing net earnings by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net earnings by the weighted average number of shares outstanding during the period plus the number of shares of common stock that would be issued assuming all contingently issuable shares having a dilutive effect on the earnings per share that were outstanding for the period. Incremental shares from assumed conversions are calculated as the number of shares that would be issued, net of the number of shares that could be purchased in the marketplace with the cash received upon stock option exercise.

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
	($000’s omitted except per share data)
Income from continuing operations	$	504	$	745		$	681	$	1,026
Loss from discontinued operations		-		(465	)		-		(677	)
Net income	$	504	$	280		$	681	$	349
Weighted average common shares outstanding (basic)		2,318		2,151			2,237		2,114
Incremental shares from assumed conversions of stock options		1		7			-		25
Weighted average common shares outstanding (diluted)		2,319		2,158			2,237		2,139
Basic
Income per share from continuing operations	$	0.22	$	0.35		$	0.30	$	0.49
Loss per share from discontinued operations		-		(0.22	)		-		(0.32	)
Total net income per share	$	0.22	$	0.13		$	0.30	$	0.17
Diluted
Income per share from continuing operations	$	0.22	$	0.35		$	0.30	$	0.48
Loss per share from discontinued operations		-		(0.22	)		-		(0.32	)
Total net income per share	$	0.22	$	0.13		$	0.30	$	0.16

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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations [Abstract]

Schedule of summary of discontinued operations

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2013		2012			2013		2012
	($000’s omitted)
Discontinued operations:
Revenue of QCC and AMP	$	-	$	376		$	-	$	678
Loss from operations of QCC and AMP	$	-	$	(298	)	$	-	$	(609	)
Income tax benefit		-		101			-		200
Net loss from operations of QCC and AMP		-		(197	)		-		(409	)
Loss on disposal of QCC and AMP		-		(406	)		-		(406	)
Income tax benefit		-		138			-		138
Net loss on disposal of QCC and AMP		-		(268	)		-		(268	)
Loss from discontinued operations	$	-	$	(465	)	$	-	$	(677	)

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Business Description and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2013

Business Description and Summary Of Significant Accounting Policies [Abstract]

Principles of Consolidation

                    Principles of Consolidation

The consolidated financial statements include the accounts of Servotronics, Inc. and its wholly-owned subsidiaries (the “Company”). All intercompany balances and transactions have been eliminated upon consolidation.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers cash and cash equivalents to include all cash accounts and short-term investments purchased with an original maturity of three months or less.

Accounts Receivable

Accounts Receivable

The Company grants credit to substantially all of its customers and carries its accounts receivable at original invoice amount less an allowance for doubtful accounts. On a periodic basis, the Company evaluates its accounts receivable and establishes an allowance for doubtful accounts based on history of past write-offs, collections, and current credit conditions. The allowance for doubtful accounts amounted to approximately $112,000 at June 30, 2013 and $130,000 at December 31, 2012. The Company does not accrue interest on past due receivables.

Revenue Recognition

Revenue Recognition

Revenues are recognized as services are rendered or as units are shipped and at the designated FOB point consistent with the transfer of title, risks and rewards of ownership. Such purchase orders generally include specific terms relative to quantity, item description, specifications, price, customer responsibility for in-process costs, delivery schedule, shipping point, payment and other standard terms and conditions of purchase.

Inventories

Inventories

Inventories are stated at the lower of standard cost or net realizable value. Cost includes all costs incurred to bring each product to its present location and condition. Market provisions in respect of lower of cost or market adjustments and inventory expected to be used in greater than one year are applied to the gross value of the inventory through a reserve of approximately $734,000 and $778,000 at June 30, 2013 and December 31, 2012, respectively. Pre-production and start-up costs are expensed as incurred.

The purchase of suppliers’ minimum economic quantities of material such as steel, etc. may result in a purchase of quantities exceeding one year of customer requirements. Also, in order to maintain a reasonable and/or agreed to lead time, certain larger quantities of other product support items may have to be purchased and may result in over one year’s supply.

Shipping and Handling Costs

Shipping and Handling Costs

Shipping and handling costs are classified as a component of cost of goods sold.

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment is carried at cost; expenditures for new facilities and equipment and expenditures which substantially increase the useful lives of existing plant and equipment are capitalized; expenditures for maintenance and repairs are expensed as incurred. Upon disposal of properties, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is included in income.

Depreciation is provided on the basis of estimated useful lives of depreciable properties, primarily by the straight-line method for financial statement purposes and by accelerated methods for tax purposes. Depreciation expense includes the amortization of capital lease assets. The estimated useful lives of depreciable properties are generally as follows:

Buildings and improvements	5-39 years
Machinery and equipment	5-20 years
Tooling	3-5 years

Income Taxes

Income Taxes

The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of operating loss and credit carryforwards and temporary differences between the carrying amounts and the tax basis of assets and liabilities. The Company and its subsidiaries file a consolidated federal income tax return, combined New York and Texas state income tax returns and separate Pennsylvania and Arkansas state income tax returns.

The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company did not have any accrued interest or penalties included in its consolidated balance sheets at June 30, 2013 or December 31, 2012, and did not recognize any interest and/or penalties in its consolidated statements of income during the three and six months ended June 30, 2013 and 2012.

The 2009 through 2012 Federal and state returns remain open under statute.

Supplemental Cash Flow Information

Supplemental Cash Flow Information

Income taxes paid during the three months ended June 30, 2013 and 2012 amounted to approximately zero and $248,500, respectively, and amounted to approximately $2,700 and $256,000 for the six months ended June 30, 2013 and 2012, respectively. Interest paid during the three months ended June 30, 2013 and 2012 amounted to approximately $11,000 and $14,000, respectively, and amounted to $21,000 and $27,000 for the six months ended June 30, 2013 and 2012, respectively. In the first quarter of 2013, the Company reduced its tax liability by approximately $21,000 related to the exercise of stock options and was credited directly to capital in excess of par value.

Employee Stock Ownership Plan

Employee Stock Ownership Plan

Contributions to the employee stock ownership plan are determined annually by the Company according to plan formula.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate, or at least annually, that the carrying amount of the assets may not be fully recoverable based on undiscounted future operating cash flow analyses. If an impairment is determined to exist, any related impairment loss is calculated based on fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. The Company has determined that no impairment of long-lived assets existed at June 30, 2013 and December 31, 2012.

Use of Estimates

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications

Reclassifications

Certain balances as previously reported were reclassified to conform with classifications adopted in the current period.

Research and Development Costs

Research and Development Costs

Research and development costs are expensed as incurred.

Concentration of Credit Risks

Concentration of Credit Risks

Financial instruments that potentially subject the Company to concentration of credit risks principally consist of cash accounts in financial institutions. Although the accounts exceed the federally insured deposit amount, management does not anticipate nonperformance by the financial institutions. Refer to Note 12, Business Segments, for disclosures related to customer concentrations.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The carrying amount of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are reasonable estimates of their fair value due to their short maturity. Based on variable interest rates and the borrowing rates currently available to the Company for loans similar to its long-term debt, the fair value approximates its carrying amount.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Jul. 31, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	SERVOTRONICS INC /DE/
Entity Central Index Key	0000089140
Trading Symbol	svt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,528,134
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2

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Business Description and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2013

Business Description and Summary Of Significant Accounting Policies [Abstract]

Schedule of estimated useful lives of depreciable properties

Buildings and improvements	5-39 years
Machinery and equipment	5-20 years
Tooling	3-5 years