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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash $ 941,000 $ 927,000
Accounts receivable - net 10,581,000 8,477,000
Inventories 20,322,000 19,783,000
Prepaid expenses and other current assets 2,974,000 1,032,000
Assets of discontinued operations 0 8,435,000
Assets held for sale, net of accumulated depreciation 1,780,000 0
TOTAL CURRENT ASSETS 36,598,000 38,654,000
PROPERTY AND EQUIPMENT    
Land 1,150,000 1,550,000
Buildings and improvements 5,209,000 7,677,000
Machinery and equipment 19,233,000 18,736,000
Property, Plant and Equipment, Gross 25,592,000 27,963,000
Less accumulated depreciation and amortization 18,280,000 18,491,000
NET PROPERTY AND EQUIPMENT 7,312,000 9,472,000
GOODWILL 4,786,000 10,154,000
OTHER INTANGIBLE ASSETS - net 7,239,000 11,098,000
DEFERRED INCOME TAXES - net 1,006,000 0
OTHER ASSETS - net 136,000 234,000
TOTAL ASSETS 57,077,000 69,612,000
CURRENT LIABILITIES    
Short-term borrowings 1,449,000 9,623,000
Accounts payable 4,064,000 2,791,000
Accrued compensation and benefits 1,502,000 1,718,000
Accrued other liabilities 1,932,000 1,666,000
Current maturities of long-term debt 17,000 491,000
Liabilities of discontinued operations 0 1,342,000
TOTAL CURRENT LIABILITIES 8,964,000 17,631,000
Long-term debt, less current maturities 87,000 5,936,000
Deferred tax liabilities - net 0 2,175,000
Other liabilities 214,000 228,000
TOTAL LIABILITIES 9,265,000 25,970,000
SHAREHOLDERS’ EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued 0 0
Additional paid-in capital 12,913,000 12,884,000
Retained earnings 36,179,000 31,495,000
Treasury stock, at cost - 584,000 shares at September 30, 2016 and 554,000 shares at December 31, 2015 (4,821,000) (4,566,000)
Accumulated other comprehensive loss (640,000) (341,000)
TOTAL SHAREHOLDERS’ EQUITY 47,812,000 43,642,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 57,077,000 69,612,000
Common Class A [Member]    
SHAREHOLDERS’ EQUITY    
Common stock 4,181,000 4,170,000
TOTAL SHAREHOLDERS’ EQUITY 4,181,000 4,170,000
Common Class B [Member]    
SHAREHOLDERS’ EQUITY    
Common stock $ 0 $ 0