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Business Segments
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Business Segments
9.             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 March 31, 2015, the Company had identifiable assets of approximately $33,649,000 ($35,245,000 – December 31, 2014) of which approximately $21,667,000 ($23,092,000 – December 31, 2014) was for ATG and approximately $11,982,000 ($12,153,000 – December 31, 2014) was for CPG.
 
Information regarding the Company’s operations in these segments is summarized as follows ($000’s omitted):
 
   
ATG
    
CPG
    
Consolidated
  
   
Three months
 March 31,
    
Three months
March 31,
    
Three months
March 31,
  
   
2015
    
2014
    
2015
    
2014
    
2015
    
2014
  
Revenues from unaffiliated customers
  
$
6,353
    
$
5,305
    
$
1,818
    
$
1,685
    
$
8,171
    
$
6,990
  
Cost of goods sold, exclusive of
   depreciation and amortization
    
(4,751
)
    
(3,840
)
    
(1,725
)
    
(1,598
)
    
(6,476
)
    
(5,438
)
Selling, general and administrative
    
(1,359
)
    
(1,140
)
    
(406
)
    
(436
)
    
(1,765
)
    
(1,576
)
Interest expense
    
(13
)
    
(9
)
    
(8
)
    
-
      
(21
)
    
(9
)
Arbitration award expense
    
(50
)
    
-
      
-
      
-
      
(50
)
    
-
  
Depreciation and amortization
    
(117
)
    
(122
)
    
(46
)
    
(47
)
    
(163
)
    
(169
)
Insurance proceeds - arbitration
    
4,500
      
-
      
-
      
-
      
4,500
      
-
  
Other income, net
    
2
      
-
      
-
      
1
      
2
      
1
  
Income (loss) before
   income tax provision (benefit)
    
4,565
      
194
      
(367
)
    
(395
)
    
4,198
      
(201
)
Income tax provision (benefit)
    
1,552
      
54
      
(125
)
    
(110
)
    
1,427
      
(56
)
Net income (loss)
  
$
3,013
    
$
140
    
$
(242
)
  
$
(285
)
  
$
2,771
    
$
(145
)
Capital expenditures
  
$
188
    
$
372
    
$
93
    
$
46
    
$
281
    
$
418