Common Shares
Equity Components [Axis]
Capital in Excess of Par Value
Accumulated Other Comprehensive Income
Retained Earnings
Treasury Stock
Unearned ESOP Shares
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
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
Inventories:
Raw materials
Work-in-process
Costs related to contracts in process, net of progress payments of $511,502 in 2012 and $126,361 in 2011
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
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 in 2012 and 2011. Outstanding 2,320,822 and 2,320,960 in 2012 and2011, respectively (includes 136,666 and 157, 500 Unearned ESOP Shares)
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
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
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 income, net of tax
Total comprehensive income
Stock options exercised
Stock options exercised, shares
Stock option expense
Dividends paid on common stock (per share)
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, shares
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 benefit
Changes in assets and liabilities:
Decrease (increase) in trade receivables, net
(Increase) decrease in inventories, net
Decrease (increase) in prepaid expenses and other current assets
Decrease in accounts payable
Increase in accrued salaries, wages and commissions
Increase (decrease) in other accrued expenses
Increase in vacation accrual
Increase (decrease) 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 on sale of assets
Payment for loan receivable
Proceeds from loan receivable
Purchase of investment securities
Proceeds from maturity of investment securities
Net cash (used in) provided by 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
Increase 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
Nature Of Operations
Nature of operations
Summary Of Significant Accounting Policies
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
Financial Instrumentsconcentration Of Credit Risk
Financial Instruments/Concentration of Credit Risk
Related Party Transactions [Abstract]
Related Parties
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information (Unaudited)
Accounting Policies [Abstract]
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
Recently Issued Accounting Standards
Impairment of Long-Lived Assets
Concentrations of Risk
Summary Of Significant Accounting Policies Tables
Schedule of estimated useful lives of depreciable assets
Investment In Fair Value Tables
The cost, gross unrealized gains, gross unrealized losses and fair value of available-for-sale securities by major security type
The contractual maturities of available-for-sale securities
Contracts In Process Tables
Schedule of contracts in process
Property Plant And Equipment Tables
Summary of the original cost of property, plant and equipment
Provision For Income Taxes Tables
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
Stock-Based Compensation Tables
Schedule of weighted average assumptions for option awards
Schedule of stock option activity
Stockholders Equity Tables
Schedule of reserved common shares for future issuance
Schedule of reconciliation of the numerators and denominators of basic and diluted per share computations
Quarterly Financial Information Tables
Quarterly financial information
Estimated useful lives
Amortized Cost
Gross Unrealized Gain
Gross Unrealized Losses
Fair Value
Investment In Fair Value Details1
Years to Maturity
Less than One Year
One to Five Years
Information about investment securities - maturities
Contracts In Process Details
Gross contract value
Contracts In Process Details Narrative
Costs relative to uncompleted contracts
Property, plant and equipment, gross
Accumulated depreciation
Pension Expense Details Narrative
Defined benefit contributions and expenses
Employer matching contibutions of 401(k) plan (percentage)
Employer matching contibutions of 401(k) plan
Provision For Income Taxes Details
Current tax expense - federal
Current tax expense - state
Deferred tax expense
Provision for income taxes
Provision For Income Taxes Details1
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
Provision For Income Taxes Details2
Deferred tax assets:
Accrued expenses
ESOP
Stock-based compensation
Inventory - effect on uniform capitalization
Other
Total deferred tax assets
Deferred tax liabilities:
Unrealized gain on investment securities
Property, plant and equipment - principally due to differences in depreciation methods
Total deferred tax liabilities
Net deferred tax asset
Export sales
Product sales (percentage)
Number of customers
Product sold
Customer location
Description of the plan
Type of security
Date purchased rights distributed
Expiration date of the plan
Number of shares each right give the holder the right to purchase
Exercise price (per share)
Beneficial ownership that causes rights to be exercisable (percentage)
Employee Stock Ownership Plan Details
Allocated Shares
Unreleased shares
Total shares held by the ESOP
Fair value of unreleased shares
Employee Stock Ownership Plan Details Narrative
Plan description
Number of hours worked per year
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
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
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
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
Deferred tax benefit related to unrecognized compensation costs
Authorized shares under plan
Options granted
Intrinsic values of the options exercised
Accounts receivable (percentage)
Stockholders Equity Details
Stock options outstanding
Stock options available for issuance
Number of common shares reserved
Stockholders Equity Details1
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
Quarterly Financial Information Details
Gross profit
Net income per share
Inventory, Net
Assets, Current
Assets
Liabilities, Current
Deferred Tax Liabilities, Net, Noncurrent
Liabilities, Noncurrent
TotalStockholdersEquityBeforyEsopAndTreasuryStock
Unearned ESOP Shares [Default Label]
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
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Property, Plant, and Equipment
Payments to Acquire Loans Receivable
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
Excess Tax Benefit (Tax Deficiency) from Share-based Compensation, Financing Activities
Net Cash Provided by (Used in) Financing Activities
SignificantCustomersTextBlock
StockRightsPlanTextBlock
EmployeeStockOwnershipPlanTextBlock
Depreciation, Depletion, and Amortization [Policy Text Block]
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Compensation Cost
Effective Income Tax Rate Reconciliation, Other Adjustments
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, 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 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
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized
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.
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 useful life of long lived, physical assets used in the normal conduct of business.
Schedule of contracts in process.
Amount of contributions which the employer contributes in a matching contribution to a defined contribution plan.
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.
The number of customers.
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.
Value of contracts before progress payments and reserves of inventories associated with long-term contracts or programs.
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.
General descriptive information regarding an arrangement under which shareholders receive: (a) equity share options, or other equity instruments; or (b) the entity incurs liabilities to them: (1) in amounts based, at least in part, on the price of the entity's shares or other equity instruments; or (2) that require or may require settlement by issuance of the entity's shares.
Expiration date of the plan in CCYY-MM-DD format.
The specified number of shares that each purchase right gives the holder the right but not the obligation to purchase from the issuer at a specific price, on or before a certain date.
The percentage of the Company's stock that is considered beneficial ownership.