Financial Instrument [Axis]
Certificates of Deposit [Member]
Municipal Bonds [Member]
Award Type [Axis]
Stock Option Plans [Member]
Plan Name [Axis]
2007 Plan [Member]
Loss Contingency Nature [Axis]
Standby Letters of Credit [Member]
2017 Plan [Member]
Award Type [Axis]
Non employee directors [Member]
Range [Axis]
Maximum [Member]
Individual Employee [Member]
Employee Stock Ownership Plan (ESOP) Name [Axis]
Employee Stock Ownership Plan [Member]
Adjustments for New Accounting Pronouncements [Axis]
ASC 606 [Member]
Scenario [Axis]
Units Delivered [Member]
Milestones Achieved [Member]
Finite-Lived Intangible Assets by Major Class [Axis]
Backlog [Member]
Equity Components [Axis]
Common Stock [Member]
Capital in Excess of Par Value [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Unearned ESOP Shares [Member]
Document And Entity Information [Abstract]
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Entity Filer Category
Entity Small Business
Entity Emerging Growth Company
Document Fiscal Period Focus
Document Fiscal Year Focus
Entity Common Stock, Shares Outstanding
Entity Current Reporting Status
Entity Interactive Data Current
Entity File Number
Entity Incorportion, State or Country Code
Entity Shell Company
Statement of Financial Position [Abstract]
ASSETS:
Cash and cash equivalents
Investment securities
Trade accounts receivable, net of allowance of $3,000
Income tax receivable
Inventories:
Raw materials
Work-in-process
Costs related to contracts in process
Total inventories
Prepaid expenses and other current assets
Total current assets
Property, plant and equipment, net
Total assets
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable
Accrued expenses:
Salaries and wages
Vacation
ESOP payable
Other
Payroll and other taxes withheld
Contract liabilities
Income taxes payable
Total current liabilities
Deferred tax liabilities
Total liabilities
Commitments and contingencies (see Note 5)
Common stock, par value $.33-1/3 per share Authorized 10,000,000 shares; Issued 3,029,874 shares as of December 31, 2019 and June 30, 2019. Outstanding 2,401,033 and 2,401,213 as of December 31, 2019 and June 30, 2019, respectively (includes 7,083 and 14,166 Unearned ESOP shares, respectively)
Capital in excess of par value
Accumulated other comprehensive loss
Retained earnings
Total stockholders equity before ESOP
Less: Unearned ESOP shares
Cost of 628,841 and 628,661 shares of common stock in treasury as of December 31, 2019 and June 30, 2019, respectively
Total stockholders' equity
Total liabilities and stockholders' equity
Trade accounts receivable, allowance
Advance payments of costs related to 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 income
Other
Total other income
Income before provision for income taxes
Provision for income taxes
Net income
Other comprehensive income, net of tax:
Unrealized (loss) 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 [Table]
Statement [Line Items]
Balance, beginning
Balance, beginning, shares
Net income
Other comprehensive income, net of tax
Total comprehensive income
Stock options exercised
Stock options exercised, shares
Stock option expense
Stock-based compensation
Dividends paid on common stock
Purchase of treasury stock
Purchase of treasury stock, 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 (used in) operating activities:
Bad debt expense
Depreciation
ESOP compensation expense
Deferred income tax (benefit) expense
Changes in assets and liabilities:
Decrease (increase) in trade receivable, net
Increase in income taxes receivable
Increase in inventories, net
(Increase) decrease in prepaid expenses and other current assets
(Decrease) increase in accounts payable
Increase (decrease) in accrued salaries and wages
(Decrease) increase in vacation accrual
Decrease in ESOP payable
Increase in other accrued expenses
(Decrease) increase in payroll and other taxes withheld
Increase (decrease) in contract liabilities
Decrease in income tax payable
Net cash provided by (used in) operating activities
Cash Flows from Investing Activities:
Additions to property, plant and equipment
Purchase of investment securities
Proceeds from sale/maturity of investment securities
Net cash (used in) provided by investing activities
Cash Flows from Financing Activities:
Dividends on common stock
Purchase of treasury stock
Proceeds from exercise of stock options
Net cash used in financing activities
Increase (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
Supplemental Schedule of Non-cash Financing Activities
Accrual of dividends
Basis of Presentation [Abstract]
Basis of Presentation
Investments, Debt and Equity Securities [Abstract]
Investment Securities
Net Income per Share [Abstract]
Net Income per Share
Share-based Payment Arrangement [Abstract]
Stock Based Compensation
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Revenue from Contract with Customer [Abstract]
Revenue
Recently Issued Accounting Standards [Abstract]
Recently Issued Accounting Standards
Employee Stock Ownership Plan [Abstract]
Employee Stock Ownership Plan
Schedule of Available-for-Sale Securities
Schedule of Contractual Maturities
Schedule of Fair Value Assumptions
Schedule of Stock Option Activity
Schedule of Changes in Non-Vested Stock Options
Schedule of ESOP shares
Schedule of Available-for-sale Securities [Table]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
Contractual maturities of available-for-sale securities
Less than One Year
One to Five Years
Fair Value
Anti-dilutive securities
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Title of Individual [Axis]
Statistical Measurement [Axis]
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
Vesting period
Expiration period
Authorized shares under plan
Granted
Outstanding
Cash divided paid
Special cash divided paid
Percentage of total number of shares subject to options or awards, single fiscal year
Number of shares subject to option or award, single fiscal year
Total intrinsic values of the options exercised
Vested and exercisable shares
Stock Based Compensation Schedule Of Weighted Average Assumptions For Option Awards
Weighted Average Assumptions
Dividend yield
Company's expected volatility
Risk-free interest rate
Expected term
Weighted average fair value per share of options granted during the period
Stock Based Compensation Schedule Of Stock Option Activity
Number of Shares Subject To Options
Balance at July 1, 2019
Exercised
Forfeited or expired
Outstanding at December 31, 2019
Vested or expected to vest at December 31, 2019
Exercisable at December 31, 2019
Weighted Average Exercise Price
Balance at July 1, 2019
Granted
Exercised
Forfeited or expired
Outstanding at December 31, 2019
Vested or expected to vest at December 31, 2019
Exercisable at December 31, 2019
Weighted Average Remaining Contractual Term
Outstanding
Granted
Vested or expected to vest at December 31, 2019
Exercisable at December 31, 2019
Aggregate Intrinsic Value
Outstanding at December 31, 2019
Vested or expected to vest at December 31, 2019
Exercisable at December 31, 2019
Number of Shares Subject to Option
Non-vested at July 1, 2019
Granted
Vested
Forfeited or expired
Non-vested at December 31, 2019
Weighted Average Grant Date Fair Value (per Option)
Non-vested at July 1, 2019
Granted
Vested
Forfeited or expired
Non-vested at December 31, 2019
Contingent liabilities
Prospective Adoption of New Accounting Pronouncements [Table]
Item Effected [Line Items]
Contract liabilities
Revenue
Intangible assets
Percentage of estimated shipments
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures [Table]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of hours worked per year to quality for the plan
Shares distributed
Shares repurchased
Value of shares repurchased
Allocated shares
Committed-to-be-released shares
Unreleased shares
Total shares held by the ESOP
Fair value of unreleased shares
ASC 606 [Member]
Represents the amount of dividends accrued in noncash investing or financing activities.
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.
Units Delivered [Member]
Individual Employee [Member]
Units Delivered [Member]
Non employee directors [Member]
The number of shares subject to option or award in a single fiscal year as outlined in the plan contract.
Percentage of estimated shipments.
The percentage of the total number of shares subject to options or awards granted in a single fiscal year; this will take effect only if the percentage is less than a specified amount in the plan contract.
Weighted average remaining contractual term for option awards granted, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
Aggregate dividends paid during the period for each share of special common stock outstanding.
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.
2017 Plan [Member]
Cost of unearned shares that qualify as permanent equity that are held by an employee stock ownership plan (ESOP).
Units Delivered [Member]
Information pertaining to unearned employee stock ownership plan shares.
Inventory, Net
Assets, Current
Assets
Liabilities, Current
Liabilities
TotalStockholdersEquityBeforyEsopAndTreasuryStock
Unearned ESOP Shares Cost
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, Noncontrolling Interest
Weighted Average Number of Shares Outstanding, Basic
Weighted Average Number of Shares Outstanding, Diluted
Dividends, Common Stock, Cash
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 of Ordinary Dividends, Common Stock
Payments for Repurchase of Common Stock
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease)
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period
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 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, Exercisable, Weighted Average Exercise Price
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term
2007 Plan [Member] [Default Label]
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, Exercisable, 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, Grants in Period, Gross
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, 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, Option, Nonvested, Weighted Average Exercise Price
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, Nonvested Options Forfeited, Weighted Average Grant Date Fair Value
Contract with Customer, Liability
Employee Stock Ownership Plan (ESOP), Shares in ESOP