Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 31,359,000 $ 29,804,000
Receivables, net 21,249,000 17,481,000
Inventories 14,151,000 14,202,000
Prepaid expenses 2,281,000 930,000
Refundable income taxes 807,000 871,000
Total current assets 69,847,000 63,288,000
Property, plant, and equipment 96,806,000 90,564,000
Less accumulated depreciation and amortization (48,290,000) (44,009,000)
Net property, plant and equipment 48,516,000 46,555,000
Goodwill 7,322,000 7,322,000
Intangible assets, net 318,000 636,000
Other assets 1,931,000 1,834,000
Total assets 127,934,000 119,635,000
Current liabilities:    
Accounts payable 4,002,000 4,598,000
Accrued expenses 4,698,000 5,059,000
Current installments of long-term debt 856,000 1,011,000
Total current liabilities 9,556,000 10,668,000
Long-term debt, excluding current installments 859,000
Deferred income taxes 3,459,000 2,883,000
Non-qualified deferred compensation plan 1,682,000 1,482,000
Other liabilities 184,000 171,000
Total liabilities 14,881,000 16,063,000
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $.01 par value, 1,000,000 shares authorized; no shares issued
Common stock, $.01 par value, 20,000,000 shares authorized; 7,242,023 and 7,212,464 shares issued and outstanding, respectively at December 31, 2016; 7,170,377 and 7,140,818 shares issued and outstanding, respectively at December 31, 2015 72,000 72,000
Additional paid-in capital 25,216,000 23,705,000
Retained earnings 88,352,000 80,382,000
Treasury stock at cost, 29,559 shares at December 31, 2016 and December 31, 2015 (587,000) (587,000)
Total stockholders' equity 113,053,000 103,572,000
Total liabilities and stockholders' equity $ 127,934,000 $ 119,635,000