2007 Plan [Member]
Plan Name [Axis]
Stock Options [Member]
Award Type [Axis]
2000 Plan [Member]
Employee Stock Ownership Plan [Member]
Employee Stock Ownership Plan (ESOP) Name [Axis]
Common Stock [Member]
Equity Components [Axis]
Capital in Excess of Par Value [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Unearned ESOP Shares [Member]
Buildings and improvements [Member]
Property, Plant and Equipment, Type [Axis]
Lower Range [Member]
Range [Axis]
Upper Range [Member]
Machinery and equipment [Member]
Furniture and fixtures [Member]
Certificates of deposit [Member]
Major Types of Debt and Equity Securities [Axis]
Municipal bonds [Member]
Land [Member]
Sales Revenue [Member]
Concentration Risk Benchmark [Axis]
Domestic U.S. Customers [Member]
Concentration Risk Type [Axis]
Foreign U.K. Customers [Member]
Accounts receivable [Member]
Subsequent event [Member]
Subsequent Event Type [Axis]
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Amendment Description
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 Public Float
Entity Common stock, closing sale price
Entity Common Stock, Shares Outstanding
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 $142,616 in 2014 and $146,916 in 2013
Total inventories
Deferred tax asset
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 tax liability
Total liabilities
Common stock, par value $.33-1/3 per share. Authorized 10,000,000 shares; Issued 3,029,874 shares in 2014 and 2013. Outstanding 2,368,110 and 2,344,690 in 2014 and 2013, respectively (includes 97,500 and 116,666 Unearned ESOP Shares)
Capital in excess of par value
Accumulated other comprehensive (loss) income
Retained earnings
[TotalStockholdersEquityBeforyEsopAndTreasuryStock]
Less: Unearned ESOP shares
Cost of 661,764 and 685,184 shares of common stock in treasury in 2014 and 2013, respectively
Total stockholders' equity
Total liabilities and stockholders' equity
Progress payments
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Common stock, shares outstanding
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
[NonoperatingIncomeExpense]
Income before income taxes
Provision for income taxes
Net income
Other comprehensive income, net of tax:
Unrealized loss on investment securities
Total comprehensive income
Net income per share:
Basic
Diluted
Weighted average number of shares outstanding:
Basic
Diluted
Statement [Table]
Statement [Line Items]
Balance, beginning
Balance, beginning, shares
Net income
Other comprehensive loss, net of tax
Total comprehensive income
Stock options exercised
Stock options exercised, shares
Stock option expense
Dividends paid on common stock
Tax effect of stock options exercised
Sale of treasury stock to ESOP
Sale of treasury stock to ESOP, shares
Purchase of treasury stock
Purchase of treasury stock, shares
Reduction of unearned ESOP shares
Balance, ending
Balance, ending, common shares
Statement of Stockholders' Equity [Abstract]
Other comprehensive income, tax portion
Dividends paid per share
Statement of Cash Flows [Abstract]
Cash Flows From Operating Activities:
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 expense (benefit)
Changes in assets and liabilities:
Decrease (increase) in trade receivable, net
Increase in income tax receivable
Decrease in inventories, net
Decrease (increase) in prepaid expenses and other current assets
Decrease in accounts payable
Increase (decrease) in accrued salaries, wages and commissions
(Decrease) increase in vacation accrual
(Decrease) increase in other accrued expenses
Increase in payroll and other taxes withheld and accrued
(Decrease) increase 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 sale/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 year
Cash and cash equivalents, end of year
Supplemental Schedule of Cash Flow Information:
Income taxes paid
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of operations
Accounting Policies [Abstract]
Summary of Significant Accounting Policies
Fair Value Disclosures [Abstract]
Investment in Fair Value
Contractors [Abstract]
Contracts in Process
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment
Compensation and Retirement Disclosure [Abstract]
Pension Expense
Income Tax Disclosure [Abstract]
Provision for Income Taxes
Significant Customers
Significant Customers
Stock Rights Plan
Stock Rights Plan
Employee Stock Ownership Plan
Employee Stock Ownership Plan
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation
Risks and Uncertainties [Abstract]
Financial Instruments/Concentration of Credit Risk
Related Party Transactions [Abstract]
Related Parties
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Equity [Abstract]
Stockholders' Equity
Debt Disclosure [Abstract]
Line of Credit
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information (Unaudited)
Subsequent Events [Abstract]
Subsequent Event
Inventory Valuation, Cost Estimation and Revenue Recognition
Depreciation
Income Taxes
Cash and Cash Equivalents
Investment Securities
Accounts receivable and allowance for doubtful accounts
Per Share Amounts
Comprehensive Income
Use of Estimates
Investment Tax Credits
Reclassifications
Recently Issued Accounting Standards
Impairment of Long-Lived Assets
Concentrations of Risk
Schedule of cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities
Schedule of contractual maturities of available-for-sale securities
Schedule of contracts in process
Summary of the original cost of property, plant and equipment
Schedule of components of the provision for income taxes
Schedule of effective income tax rates
Schedule of deferred tax assets and liabilities
Employee Stock Ownership Plan Tables
Schedule of ESOP shares
Schedule of weighted average assumptions for option awards
Schedule of stock option activity
Schedule of changes in non-vested stock options
Schedule of reserved common shares for future issuance
Schedule of reconciliation of the numerators and denominators of basic and diluted per share computations
Schedule of quarterly financial information
Estimated useful lives of depreciated assets
Allowance for doubtful accounts
Amortized Cost
Gross Unrealized Gain
Gross Unrealized Losses
Fair Value
Years to maturity of Available-for-sale securities
Less than One Year
One to Five Years
Total
Costs relating to contracts that may not be completed within the next year
Gross contract value
Costs related to contracts in process, net of progress payments
Property, plant and equipment, gross
Accumulated depreciation
Property, plant and equipment, net
Defined benefit contributions and expenses
Increase in contribution, hourly rate
Employer matching contibutions of 401(k) plan (percentage)
Employer matching contributions to 401(k) plan
Components of the provision for income taxes
Current tax expense - federal
Current tax expense - state
Deferred tax expense (benefit)
Provision for income taxes
Income tax rate reconciliation
U.S. federal statutory income tax rate
Increase (reduction) in rate resulting from:
State franchise tax, net of federal income tax benefit
ESOP cost versus Fair Market Value
Dividend on allocated ESOP shares
Qualified production activities
Stock-based compensation
Other
Effective tax rate
Tax effects of temporary differences
Deferred tax assets:
Accrued expenses
ESOP
Stock-based compensation
Inventory - effect on uniform capitalization
Other
Total deferred tax assets
Deferred tax liabilities:
Unrealized (loss) gain on investment securities
Property, plant and equipment - principally due to differences in depreciation methods
Total deferred tax liabilities
Net deferred tax asset
Concentration Risk percentage
Number of customers
Stock Rights Plan Details Narrative
Expiration date of the plan
Number of rights distributed as a dividend, per share of common stock
Date purchased rights distributed
Number of shares that can be purchased by exercising each stock right
Exercise price (per share)
Beneficial ownership percentage that causes rights to be exercisable
Percentage sale of assets or earning power to another person where rights become exercisable
Number of hours worked per year to quality for the plan
ESOP share allocation
Allocated shares
Committed-to-be-released shares
Unreleased shares
Total shares held by the ESOP
Fair value of unreleased shares
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
Options granted
Options outstanding
Special dividend paid per share
Aggregate intrinsic value of options exercised
Weighted average assumptions to calculation option fair value
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
Outstanding, ending
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
Outstanding
Granted
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
Weighted Average Number of Shares Subject to Option
Non-vested, beginning balance
Vested
Forfeited or expired
Non-vested, ending balance
Average Grant Date Fair Value
Balance, beginning
Granted
Vested
Forfeited or expired
Outstanding, ending
Contingent liability on outstanding letters of credit
Anti-dilutive options excluded from calculation of EPS
Shares reserved for future issuance
Stock options available for issuance
Number of common shares reserved
Calculation of EPS
Numerator:
Net Income
Denominator:
Basic EPS:
Common shares outstanding, beginning of period
Unearned ESOP shares
Weighted average common shares issued during the period
Weighted average common shares purchased during the period
Weighted average ESOP shares earned during the period
Denominator for basic earnings per common shares - Weighted average common shares
Diluted EPS:
Weighted average dilutive effect of issued or forfeited shares
Denominator for diluted earnings per common shares - Weighted average common shares
Maximum amount of Line of Credit
Variable rate basis
Spread on variable interest rate
Gross profit (loss)
Net income (loss)
Loss on cancellation of contract, reported in comprehensive income
Amount of deferred tax benefit attributable to unrecognized share-based compensation.
Minimum number of hours worked per year for nonunion employees to participate in ESOP.
Information by name of employee stock ownership plan.
The entire disclosure for employee stock ownership plan.
The contractual life of stock options under the Company's plans.
Total of all stockholders' equity (deficit) items, before ESOP and Treasury stock.
Name of the equity-based compensation arrangement plan.
Name of the equity-based compensation arrangement plan.
The closing price per share of security quoted in same currency as Trading currency.
Information pertaining to unearned employee stock ownership plan shares.
Disclosure of accounting policy for the basis and manner that goods are added and removed from inventory in the course of production (work in process) and the accounting policy for revenue recognition.
Disclosure of accounting policy for recognizing investment tax credits.
Schedule of contracts in process.
The entire disclosure for stock right plans.
The disclosure for revenues in the period from one or more significant customers.
The schedule of common shares reserved for future issuance as stock option awards.
Value of contracts before progress payments and reserves of inventories associated with long-term contracts or programs.
The hourly increase in pension contributions, per year, based upon the negotiated union contract.
Amount of contributions which the employer contributes in a matching contribution to a defined contribution plan.
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to differences in ESOP fair value.
The number of customers specifically identified in disclosure of concentration risk.
Reflects the percentage that a specified dollar value on the balance sheet or income statement in the period from one or more specified geographic areas is to a corresponding consolidated, segment, or product line amount. Risk is the materially adverse effects of economic decline or antagonistic political actions resulting in loss of assets, sales volume, labor supply, or source of materials and supplies in a US state or a specified country, continent, or region such as EMEA (Europe, Middle East, Africa).
Expiration date of the stock rights plan in CCYY-MM-DD format.
The threshold percentage of ownership of the Company's stock that triggers the exercise of stock rights.
The percentage of the Company's assets, or earning power, that are sold to another person that triggers the exercise of stock rights.
The number of common stock purchase rights distributed as a dividend per share of common stock outstanding as of the date of record.
Aggregate dividends paid during the period for each share of common stock outstanding.
Inventory, Net
Assets, Current
Assets
Liabilities, Current
Liabilities, Noncurrent
TotalStockholdersEquityBeforyEsopAndTreasuryStock
Unearned ESOP Shares
Treasury Stock, Value
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Operating Income (Loss)
Other Nonoperating Income
Nonoperating Income (Expense)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest
Shares, Outstanding
Excess Tax Benefit from Share-based Compensation, Operating Activities
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
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 Available-for-sale Securities
Net Cash Provided by (Used in) Investing Activities
Payments for Repurchase of Common Stock
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
SignificantCustomersTextBlock
StockRightsPlanDisclosureTextBlock
EmployeeStockOwnershipPlanTextBlock
Depreciation, Depletion, and Amortization [Policy Text Block]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost, Percent
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost
Deferred Tax Assets, Other
Deferred Tax Assets, Gross
Deferred Tax Liabilities, Gross
Deferred Tax Assets, Net
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 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
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Forfeited, Number of Shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Forfeited, Weighted Average Grant Date Fair Value