CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 3,515	$ 3,268
Accounts receivable, net	7,439	6,838
Inventories, net	13,293	12,487
Prepaid income taxes	182	177
Deferred income taxes	1,152	1,155
Other current assets	387	326
Total current assets	25,968	24,251
Property, plant and equipment, net	9,937	9,755
Other non-current assets	376	368
Total Assets	36,281	34,374
Current liabilities:
Current portion of long-term debt	548	548
Accounts payable	2,080	1,518
Accrued employee compensation and benefit costs	1,945	1,852
Other accrued liabilities	426	374
Total current liabilities	4,999	4,292
Long-term debt	2,976	3,524
Post retirement obligation	528	471
Deferred income taxes	661	645
Shareholders' equity:
Common stock, par value $.20; authorized 4,000,000 shares; issued 2,614,506 shares; outstanding 2,310,148 (2,280,813 - 2015) shares	523	523
Capital in excess of par value	14,160	14,092
Retained earnings	14,768	13,395
Accumulated other comprehensive loss	(20)	(3)
Employee stock ownership trust commitment	(763)	(863)
Treasury stock, at cost 164,066 (175,297 - 2015) shares	(1,551)	(1,702)
Total shareholders' equity	27,117	25,442
Total Liabilities and Shareholders' Equity	$ 36,281	$ 34,374

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.