Accounts Receivable
Concentration Risk Benchmark [Axis]
Building and Building Improvements
Property, Plant and Equipment, Type [Axis]
Minimum
Range [Axis]
Maximum
Machinery and Equipment
Furniture and Fixtures
Municipal Bonds
Investment Type [Axis]
Certificates of Deposit
Cash and Cash Equivalents [Axis]
Land
Building and Improvements
Customer Concentration - Domestic
Customer Concentration - Foreign
Shareholder Rights Plan
Class of Warrant or Right [Axis]
2007 Plan
Plan Name [Axis]
Stock Option Plans
Award Type [Axis]
2000 Plan
Common Shares
Class of Stock [Axis]
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Common Stock, Shares Outstanding
Entity Public Float
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement of Financial Position [Abstract]
ASSETS
Cash and cash equivalents
Investment securities
Trade accounts receivable, net
Income tax receivable
Inventories:
Raw materials
Work-in-process
Costs relating to contracts in process, net of advance payments of $418,897 at December 31, 2012 and $511,502 at June 30, 2012
Total inventories
Deferred income taxes
Prepaid expenses and other current assets
Total current assets
Property, plant and equipment, net
Loan receivable
Total assets
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable
Accrued expenses:
Salaries, wages and commissions
Vacation
ESOP payable
Other
Payroll and other taxes withheld and accrued
Income taxes payable
Total current liabilities
Deferred income taxes
Total liabilities
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares on December 31, 2012 and June 30, 2012. Outstanding 2,344,543 and 2,320,822 (includes 126,666 and 136,666 Unearned ESOP Shares on December 31, 2012 and June 30, 2012, respectively)
Capital in excess of par value
Accumulated other comprehensive income/loss
Retained earnings
[TotalStockholdersEquityBeforyEsopAndTreasuryStock]
Less: Unearned ESOP shares; Cost of 709,052 and 708,914 shares of common stockin treasury in 2012 and 2011, respectively
Treasury shares, cost of 685,331 and 709,052 shares on December 31, 2012 and June 30, 2012, respectively
Total stockholders' equity
Total liabilities and stockholders' equity
Advance payments of contracts in process
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Common stock, shares outstanding
Unearned ESOP, shares
Treasury stock, shares
Income Statement [Abstract]
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Other income
Interest and dividend income
Other
Total other income
Income before income taxes
Provision for income taxes
Net income
Other comprehensive income, net of tax:
Unrealized gain on investment securities
Total comprehensive income
Net income per share:
Basic
Diluted
Weighted average number of shares outstanding:
Basic
Diluted
Dividends per share:
Statement of Cash Flows [Abstract]
Cash Flows From Operating Activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Excess tax benefits from share-based compensation
Stock-based compensation
Depreciation
ESOP compensation expense
Loss on disposal of assets
Deferred income tax benefit
Changes in assets and liabilities:
(Increase) decrease in trade receivable, net
Increase in income taxes receivables
Increase in inventories
Decrease in prepaid expenses and other current assets
(Decrease) increase in accounts payable
Decrease in accrued salaries, wages and commissions
Decrease in vacation accrual
Decrease in ESOP payable
Increase in other accrued expenses
Increase in payroll and other taxes withheld and accrued
Decrease in income taxes payable
Net cash provided by operating activities
Cash Flows From Investing Activities:
Additions to property, plant and equipment
Proceeds from loan receivable
Purchase of investment securities
Proceeds from maturity of investment securities
Net cash used in investing activities
Cash Flows From Financing Activities:
Sale of treasury stock
Dividends on common stock
Purchase of treasury stock
Proceeds from exercise of stock options
Excess tax benefits from share-based compensation
Net cash used in financing activities
Decrease in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Supplemental Schedule of Cash Flow Information:
Income taxes paid
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation
Earnings Per Share [Abstract]
Net Income per Share
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards
Employee Stock Ownership Plan
Employee Stock Ownership Plan
Stock-Based Compensation Tables
Schedule of weighted average assumptions for option awards
Schedule of stock option activity
Employee Stock Ownership Plan Tables
Schedule of ESOP shares
Statement [Table]
Statement [Line Items]
Vesting period of options
Service period for vesting of options
Contractual life of options
Stock based compensation expense
Deferred tax benefit related to stock based compensation
Unrecognized compensation costs
Period in which compensation cost will be recognized
Deferred tax benefit related to unrecognized compensation costs
Authorized shares under plan
Outstanding, ending
Options granted
Intrinsic values of the options exercised
Special cash dividend, per share
Stock-Based Compensation Details
Weighted Average Assumptions
Dividend yield
Expected stock price volatility
Risk-free interest rate
Expected option life (in years)
Weighted average fair value per share of options granted
Number of Shares Subject to Option
Balance, beginning
Granted
Exercised
Forfeited or expired
Vested or expected to vest, end of period
Exercisable, end of period
Weight Average Exercise Price
Balance, beginning
Granted
Exercised
Forfeited or expired
Outstanding, ending
Vested or expected to vest, end of period
Exercisable, end of period
Weighted Average Remaining Contractual Term
Balance, beginning
Granted
Outstanding, ending
Vested or expected to vest, end of period
Exercisable, end of period
Aggregate Intrinsic Value
Outstanding end of period
Vested or expected to vest, end of period
Exercisable, end of period
Employee Stock Ownership Plan Details Narrative
Plan description
Number of hours worked per year
Employee Stock Ownership Plan Details
Allocated shares
Committed-to-be-released shares
Unreleased shares
Total shares held by the ESOP
Fair value of unreleased shares
Total of all stockholders' equity (deficit) items, before ESOP and Treasury stock.
The number of Unearned ESOP shares.
The entire disclosure of employee stock ownership plan.
Reflects the percentage that revenues in the period from one or more significant foreign customers is to net revenues, as defined by the entity, such as total net revenues, product line revenues, segment revenues. The risk is the materially adverse effects of loss of a significant foreign customer.
Name of the class or type of right outstanding.
Minimum number of hours worked per year for nonunion employees to participate in ESOP.
Name of the equity-based compensation arrangement plan.
Name of the equity-based compensation arrangement plan.
The contractual life of stock options under the Company's plans.
The benefit during the period in the entity's deferred tax assets and liabilities attributable to share based compensation as determined by applying enacted tax laws.
Amount of deferred tax benefit attributable to unrecognized share-based compensation.
Gross number of share options (or share units) granted.
The contractual life of stock options under the Company's plans.
The period over which compensation costs related to stock option awards are expected to be recognized as expense.
The per share amount of a special cash dividend that has been paid.
Inventory, Net
Assets, Current
Assets
Liabilities, Current
Deferred Tax Liabilities, Net, Noncurrent
Liabilities, Noncurrent
TotalStockholdersEquityBeforyEsopAndTreasuryStock
Unearned ESOP Shares
Treasury Stock, Value
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Gross Profit
Operating Income (Loss)
Other Nonoperating Income
Nonoperating Income (Expense)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Weighted Average Number of Shares Outstanding, Basic
Weighted Average Number of Shares Outstanding, Diluted
Excess Tax Benefit (Tax Deficiency) from Share-based Compensation, Operating Activities
Gain (Loss) on Disposition of Assets
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Income Taxes Receivable
Increase (Decrease) in Inventories
Increase (Decrease) in Prepaid Expense and Other Assets
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Property, Plant, and Equipment
Payments to Acquire Short-term Investments
Net Cash Provided by (Used in) Investing Activities
Payments of Ordinary Dividends, Common Stock
Payments for Repurchase of Other Equity
Net Cash Provided by (Used in) Financing Activities
EmployeeStockOwnershipPlanTextBlock
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractualTerm
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value