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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash $ 629,000 $ 874,000
Accounts receivable - net 7,159,000 6,986,000
Inventories - net 17,458,000 18,430,000
Deferred income taxes - net 233,000 233,000
Prepaid expenses and other current assets 583,000 417,000
Current assets of discontinued operations 23,000 23,000
TOTAL CURRENT ASSETS 26,085,000 26,963,000
PROPERTY AND EQUIPMENT    
Land 1,550,000 1,550,000
Buildings and improvements 7,484,000 7,480,000
Machinery and equipment 16,749,000 16,340,000
Property, Plant and Equipment, Gross, Total 25,783,000 25,370,000
Less accumulated depreciation and amortization 14,367,000 13,599,000
NET PROPERTY AND EQUIPMENT 11,416,000 11,771,000
GOODWILL 5,150,000 5,150,000
OTHER INTANGIBLE ASSETS - net 2,125,000 2,300,000
DEFERRED INCOME TAXES - net 1,874,000 1,874,000
OTHER ASSETS - net 695,000 837,000
TOTAL ASSETS 47,345,000 48,895,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Short-term borrowings 6,798,000 9,996,000
Accounts payable 2,520,000 1,673,000
Accrued liabilities 2,934,000 3,115,000
Current liabilities of discontinued operations 32,000 27,000
Current maturities of long-term debt 406,000 406,000
TOTAL CURRENT LIABILITIES 12,690,000 15,217,000
Long term debt, less current maturities 6,591,000 6,973,000
Liabilities of discontinued operations 300,000 306,000
TOTAL LIABILITIES 19,581,000 22,496,000
COMMITMENTS AND CONTINGENCIES    
SHAREHOLDERS' EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued 0 0
Additional paid-in capital 10,804,000 10,718,000
Retained earnings 15,959,000 14,680,000
Treasury stock, at cost - 342,000 shares at June 30, 2011 and December 31, 2010 (2,955,000) (2,955,000)
TOTAL SHAREHOLDERS' EQUITY 27,764,000 26,399,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 47,345,000 48,895,000
Common Class A
   
SHAREHOLDERS' EQUITY    
Common stock 3,956,000 3,956,000
Common Class B
   
SHAREHOLDERS' EQUITY    
Common stock $ 0 $ 0