Note 7 - Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2015

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2015			2014
Current:
Federal	$	6,527,000		$	5,576,000
State and local		519,000			603,000
		7,046,000			6,179,000
Deferred tax provision (benefit)		(1,216,000	)		1,000
	$	5,830,000		$	6,180,000

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2015			2014
Deferred income tax assets:
Pension accruals	$	3,678,000		$	3,340,000
Operating reserves and other accruals		1,231,000			1,069,000
Tax carrying value in excess of book basis of goodwill		1,514,000			621,000
Deferred income tax liabilities:
Book carrying value in excess of tax basis of property		(691,000	)		(572,000	)
Deferred expenses		(752,000	)		(1,013,000	)
Net deferred income tax asset	$	4,980,000		$	3,445,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2015			2014
Statutory Federal income tax rate		34.0	%		34.0	%
State and local income taxes, net of Federal income tax benefit		1.6			2.2
Effect of change in unrecognized tax benefit		(0.1	)		-
Untaxed foreign income		(6.0	)		(3.3	)
Non-deductible share-based employee compensation expense		1.3			1.6
Other items		0.1			0.8
Effective income tax rate		30.9	%		35.3	%

Summary of Income Tax Contingencies [Table Text Block]

	2015			2014
Balance at January 1,	$	462,000		$	497,000
Additions based on tax positions related to the current year		58,000			59,000
(Reductions) additions for tax positions of prior years		2,000			(7,000	)
Reductions due to lapse of statute of limitations		(123,000	)		(87,000	)
Balance at December 31,	$	399,000		$	462,000