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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash $ 475,000 $ 695,000
Accounts receivable - net 12,055,000 6,675,000
Inventories - net 23,146,000 24,073,000
Deferred income taxes - net 1,139,000 1,139,000
Prepaid expenses and other current assets 839,000 547,000
TOTAL CURRENT ASSETS 37,654,000 33,129,000
PROPERTY AND EQUIPMENT    
Land 1,550,000 1,550,000
Buildings and improvements 7,608,000 7,536,000
Machinery and equipment 18,366,000 18,010,000
Property plant and equipment gross 27,524,000 27,096,000
Less accumulated depreciation and amortization 17,170,000 15,994,000
NET PROPERTY AND EQUIPMENT 10,354,000 11,102,000
GOODWILL 5,150,000 5,150,000
OTHER INTANGIBLE ASSETS - net 1,560,000 1,752,000
DEFERRED INCOME TAXES - net 2,113,000 3,211,000
OTHER ASSETS - net 694,000 813,000
TOTAL ASSETS 57,525,000 55,157,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Short-term borrowings 2,290,000 2,793,000
Accounts payable 4,934,000 4,843,000
Accrued liabilities 4,847,000 4,332,000
Current maturities of long-term debt 460,000 460,000
TOTAL CURRENT LIABILITIES 12,531,000 12,428,000
Long-term debt, less current maturities 7,018,000 7,363,000
Other liabilities 266,000 278,000
TOTAL LIABILITIES 19,815,000 20,069,000
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS’ EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued 0 0
Additional paid-in capital 11,697,000 11,384,000
Retained earnings 24,952,000 22,646,000
Treasury stock, at cost - 344,000 shares at September 30, 2013 and 342,000 shares at December 31, 2012 (2,977,000) (2,955,000)
TOTAL SHAREHOLDERS’ EQUITY 37,710,000 35,088,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 57,525,000 55,157,000
Common Class A [Member]
   
SHAREHOLDERS’ EQUITY    
Common stock 4,038,000 4,013,000
Common Class B [Member]
   
SHAREHOLDERS’ EQUITY    
Common stock $ 0 $ 0