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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash $ 898,000 $ 999,000
Accounts receivable — net 8,996,000 9,574,000
Inventories 20,607,000 20,496,000
Prepaid expenses and other current assets 1,367,000 1,137,000
TOTAL CURRENT ASSETS 31,868,000 32,206,000
PROPERTY AND EQUIPMENT    
Land 1,281,000 1,281,000
Buildings and improvements 6,262,000 6,262,000
Machinery and equipment 23,059,000 22,612,000
Property, Plant and Equipment, Gross 30,602,000 30,155,000
Less accumulated depreciation and amortization 20,748,000 20,380,000
NET PROPERTY AND EQUIPMENT 9,854,000 9,775,000
GOODWILL 4,440,000 4,436,000
OTHER INTANGIBLE ASSETS — net 7,640,000 7,800,000
DEFERRED INCOME TAXES — net 651,000 628,000
OTHER ASSETS — net 1,212,000 741,000
TOTAL ASSETS 55,665,000 55,586,000
CURRENT LIABILITIES    
Short-term borrowings 6,354,000 2,096,000
Accounts payable 2,709,000 2,755,000
Accrued compensation and benefits 1,056,000 2,336,000
Accrued other liabilities 1,123,000 1,243,000
Current maturities of long-term debt 80,000 453,000
Other current liabilities 1,296,000 1,000,000
TOTAL CURRENT LIABILITIES 12,618,000 9,883,000
Long–term debt, less current maturities 353,000 0
Other liabilities 459,000 168,000
TOTAL LIABILITIES 13,430,000 10,051,000
SHAREHOLDERS' EQUITY    
Preferred stock - $10 par; authorized - 2,000,000 shares; no shares issued 0 0
Additional paid-in capital 13,946,000 13,904,000
Retained earnings 34,404,000 34,588,000
Treasury stock, at cost –1,234,000 shares at March 31, 2019 and 816,000 shares at December 31, 2018 (9,897,000) (6,695,000)
Accumulated other comprehensive loss (628,000) (672,000)
TOTAL SHAREHOLDERS' EQUITY 42,235,000 45,535,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 55,665,000 55,586,000
Common Class A [Member]    
SHAREHOLDERS' EQUITY    
Common stock 4,410,000 4,410,000
TOTAL SHAREHOLDERS' EQUITY 4,410,000 4,410,000
Common Class B [Member]    
SHAREHOLDERS' EQUITY    
Common stock $ 0 $ 0