CompX International (CIX) 10-Q 5 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 30, 2014	Oct. 30, 2014
		Class A Common Stock	Class B Common Stock
Document And Entity Information [Line Items]	'	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Sep-14	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q3	'	'
Trading Symbol	'CIX	'	'
Entity Registrant Name	'COMPX INTERNATIONAL INC	'	'
Entity Central Index Key	'0001049606	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	2,404,107	10,000,000

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$41,862	$38,753
Accounts receivable, net	11,640	8,534
Inventories, net	15,082	13,235
Deferred income taxes	2,493	2,493
Prepaid expenses and other	560	596
Total current assets	71,637	63,611
Other assets:	'	'
Goodwill	23,742	23,742
Other noncurrent	602	573
Total other assets	24,344	24,315
Property and equipment:	'	'
Land	4,928	4,928
Buildings	20,906	20,523
Equipment	61,406	57,799
Construction in progress	594	2,588
Property, Plant and Equipment, Gross, Total	87,834	85,838
Less accumulated depreciation	54,699	52,086
Net property and equipment	33,135	33,752
Total assets	129,116	121,678
Current liabilities:	'	'
Accounts payable and accrued liabilities	11,536	9,705
Income taxes payable to affiliates	1,068	339
Other	25	6
Total current liabilities	12,629	10,050
Noncurrent liabilities:	'	'
Deferred income taxes	6,617	6,900
Stockholders' equity:	'	'
Preferred stock	'	'
Additional paid-in capital	55,342	55,265
Retained earnings	54,404	49,339
Total stockholders' equity	109,870	104,728
Total liabilities and stockholdersb equity	129,116	121,678
Commitments and contingencies (Note 1)	'	'
Class A Common Stock	'	'
Stockholders' equity:	'	'
Common stock	24	24
Total stockholders' equity	24	24
Class B Common Stock	'	'
Stockholders' equity:	'	'
Common stock	100	100
Total stockholders' equity	$100	$100

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$26,473	$24,209	$79,102	$69,701
Cost of goods sold	18,331	16,695	54,598	48,557
Gross profit	8,142	7,514	24,504	21,144
Selling, general and administrative expense	4,710	4,537	13,872	13,790
Operating income	3,432	2,977	10,632	7,354
Interest income	7	5	19	32
Interest expense	'	-11	'	-127
Income before taxes	3,439	2,971	10,651	7,259
Provision for income taxes	1,210	1,015	3,726	2,593
Net income	$2,229	$1,956	$6,925	$4,666
Basic and diluted net income per common share	$0.18	$0.16	$0.56	$0.38
Cash dividends per share	$0.05	$0.05	$0.15	$0.23
Basic and diluted weighted average shares outstanding	12,404	12,397	12,400	12,394

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income	$6,925	$4,666
Depreciation and amortization	2,643	2,464
Deferred income taxes	-283	742
Other, net	341	214
Change in assets and liabilities:	'	'
Accounts receivable, net	-3,159	-2,161
Inventories, net	-2,030	-1,884
Accounts payable and accrued liabilities	1,984	-820
Accounts with affiliates	728	-11,825
Income taxes	9	'
Other, net	36	738
Net cash provided by (used in) operating activities	7,194	-7,866
Cash flows from investing activities:	'	'
Capital expenditures	-2,168	-2,550
Cash collected on note receivable	'	3,034
Proceeds from sale of assets held for sale	'	1,559
Other, net	-57	-94
Net cash provided by (used in) investing activities	-2,225	1,949
Cash flows from financing activities:	'	'
Dividends paid	-1,860	-2,789
Repayment of long-term debt	'	-18,480
Net cash used in financing activities	-1,860	-21,269
Cash and cash equivalents - net change from:	'	'
Operating, investing and financing activities	3,109	-27,186
Balance at beginning of period	38,753	63,777
Balance at end of period	41,862	36,591
Supplemental disclosures - cash paid for:	'	'
Interest	'	222
Income taxes	$3,271	$13,675

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Class A Common Stock	Class B Common Stock	Additional paid-in Capital	Retained Earnings
In Thousands
Balance at Dec. 31, 2013	$104,728	$24	$100	$55,265	$49,339
Net income	6,925	'	'	'	6,925
Issuance of common stock	77	'	'	77	'
Cash dividends	-1,860	'	'	'	-1,860
Balance at Sep. 30, 2014	$109,870	$24	$100	$55,342	$54,404

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Organization Consolidation And Presentation Of Financial Statements [Abstract]	'
Organization and Basis of Presentation	'
	Note 1 – Organization and basis of presentation:
	Organization. We (NYSE MKT: CIX) are 87% owned by NL Industries, Inc. (NYSE: NL) at September 30, 2014. We manufacture and sell component products (security products and recreational marine components). At September 30, 2014, (i) Valhi, Inc. (NYSE: VHI) held approximately 83% of NL’s outstanding common stock and (ii) a wholly-owned subsidiary of Contran Corporation (“Contran”)  held an aggregate of approximately 94% of Valhi’s outstanding common stock. Substantially all of Contran’s outstanding voting stock is held by family trusts established for the benefit of Lisa K. Simmons and Serena Simmons Connelly, daughters of Harold C. Simmons, and their children (for which Ms. Lisa Simmons and Ms. Connelly are co- trustees) or is held directly by Ms. Lisa Simmons and Ms. Connelly or persons or entities related to them, including their step-mother Annette C. Simmons, the widow of Mr. Simmons. Prior to his death in December 2013, Mr. Simmons served as sole trustee of the family trusts. Under a voting agreement entered into by all of the voting stockholders of Contran, effective in February 2014 and as amended, the size of the board of directors of Contran was fixed at five members, Ms. Lisa Simmons, Ms. Connelly and Ms. Annette Simmons (and in the event of their death, their heirs) each has the right to designate one of the five members of the Contran board and the remaining two members of the Contran board must consist of members of Contran management. Ms. Lisa Simmons, Ms. Connelly, and Ms. Annette Simmons each serve as members of the Contran board. The voting agreement expires in February 2017 (unless Ms. Lisa Simmons, Ms. Connelly and Ms. Annette Simmons otherwise unanimously agree), and the ability of Ms. Lisa Simmons, Ms. Connelly, and Ms. Annette Simmons to each designate one member of the Contran board is dependent upon each of their continued beneficial ownership of at least 5% of the combined voting stock of Contran. Consequently, Ms. Lisa Simmons, Ms. Connelly and Ms. Annette Simmons may be deemed to control Contran, Valhi, NL and us.
	Basis of presentation. Consolidated in this Quarterly Report are the results of CompX International Inc. and its subsidiaries. The unaudited Condensed Consolidated Financial Statements contained in this Quarterly Report have been prepared on the same basis as the audited Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2013 that we filed with the Securities and Exchange Commission (“SEC”) on March 5, 2014 (the “2013 Annual Report”). In our opinion, we have made all necessary adjustments (which include only normal recurring adjustments) in order to state fairly, in all material respects, our consolidated financial position, results of operations and cash flows as of the dates and for the periods presented. We have condensed the Consolidated Balance Sheet at December 31, 2013 contained in this Quarterly Report as compared to our audited Consolidated Financial Statements at that date, and we have omitted certain information and footnote disclosures (including those related to the Consolidated Balance Sheet at December 31, 2013) normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Our results of operations for the interim periods ended September 30, 2014 may not be indicative of our operating results for the full year. The Condensed Consolidated Financial Statements contained in this Quarterly Report should be read in conjunction with our 2013 Consolidated Financial Statements contained in our 2013 Annual Report.
	Unless otherwise indicated, references in this report to “we”, “us” or “our” refer to CompX International Inc. and its subsidiaries, taken as a whole.

Business_Segment_Information

Business Segment Information	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Business Segment Information	'
	Note 2 – Business segment information:
		Three months ended						Nine months ended
		September 30,						September 30,
		2013			2014			2013			2014
		(In thousands)						(In thousands)
	Net sales:
	Security Products	$	21,457		$	23,237		$	61,258		$	69,246
	Marine Components		2,752			3,236			8,443			9,856
	Total net sales	$	24,209		$	26,473		$	69,701		$	79,102
	Operating income:
	Security Products	$	4,578		$	4,694		$	12,245		$	14,235
	Marine Components		(17	)		223			185			729
	Corporate operating expenses		(1,584	)		(1,485	)		(5,076	)		(4,332	)
	Total operating income		2,977			3,432			7,354			10,632
	Interest income		5			7			32			19
	Interest expense		(11	)		—			(127	)		—
	Income before taxes	$	2,971		$	3,439		$	7,259		$	10,651
	Intersegment sales are not material.

Accounts_Receivable_Net

Accounts Receivable, Net	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Accounts Receivable, Net	'
	Note 3 – Accounts receivable, net:
		December 31,			September 30,
		2013			2014
		(In thousands)
	Accounts receivable, net:
	Security Products	$	7,813		$	10,334
	Marine Components		849			1,436
	Allowance for doubtful accounts		(128	)		(130	)
	Total accounts receivable, net	$	8,534		$	11,640

Inventories_Net

Inventories, Net	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories, Net	'
	Note 4 – Inventories, net:
		December 31,		September 30,
		2013		2014
		(In thousands)
	Raw materials:
	Security Products	$	2,565	$	2,543
	Marine Components		1,000		599
	Total raw materials		3,565		3,142
	Work-in-process:
	Security Products		5,992		8,145
	Marine Components		704		1,526
	Total work-in-process		6,696		9,671
	Finished goods:
	Security Products		2,349		1,725
	Marine Components		625		544
	Total finished goods		2,974		2,269
	Total inventories, net	$	13,235	$	15,082

Other_Noncurrent_Assets

Other Noncurrent Assets	9 Months Ended
	Sep. 30, 2014
Other Assets Noncurrent Disclosure [Abstract]	'
Other Noncurrent Assets	'
	Note 5 – Other noncurrent assets:
		December 31,		September 30,
		2013		2014
		(In thousands)
	Assets held for sale	$	532	$	588
	Other		41		14
	Total other noncurrent assets	$	573	$	602

Accounts_Payable_and_Accrued_L

Accounts Payable and Accrued Liabilities	9 Months Ended
	Sep. 30, 2014
Payables And Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities	'
	Note 6 – Accounts payable and accrued liabilities:
		December 31,		September 30,
		2013		2014
		(In thousands)
	Accounts payable	$	1,452	$	3,616
	Accrued liabilities:
	Employee benefits		6,788		6,036
	Taxes other than on income		378		554
	Customer tooling		388		426
	Insurance		243		215
	Sales rebates		45		204
	Professional		86		147
	Other		325		338
	Total accounts payable and accrued liabilities	$	9,705	$	11,536

Provision_for_Income_Taxes

Provision for Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Provision for Income Taxes	'
	Note 7 – Provision for income taxes:
		Nine months ended
		September 30,
		2013		2014
		(In thousands)
	Expected tax expense, at the U.S. federal statutory	$	2,541	$	3,728
	income tax rate of 35%
	State income taxes and other, net		52		(2	)
	Total income tax expense	$	2,593	$	3,726

Financial_Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Financial Instruments	'
	Note 8 – Financial instruments:
	The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure:
		December 31,				September 30,
		2013				2014
		Carrying		Fair		Carrying		Fair
		amount		value		amount		value
		(In thousands)
	Cash and cash equivalents	$	38,753	$	38,753	$	41,862	$	41,862
	Accounts receivable, net		8,534		8,534		11,640		11,640
	Accounts payable		1,452		1,452		3,616		3,616
	Due to their near-term maturities, the carrying amounts of accounts receivable and accounts payable are considered equivalent to fair value.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2014
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]	'
Recent Accounting Pronouncements	'
	Note 9 – Recent Accounting Pronouncements:
	In May 2014, FASB issued Accounting Standards Update (“ASU’) No. 2014-09, Revenue from Contracts with Customers (Topic 606).  This standard replaces existing revenue recognition guidance, which in many cases was tailored for specific industries, with a uniform accounting standard applicable to all industries and transactions.  The new standard is effective for us beginning in the first quarter of 2017.  Entities may elect to adopt ASU No. 2014-09 retrospectively for all periods for all contracts and transactions which occurred during the period (with a few exceptions for practical expediency) or retrospectively with a cumulative effect recognized as of the date of adoption.  ASU No. 2014 is a fundamental rewriting of existing GAAP with respect to revenue recognition, and we are still evaluating the effect the Standard will have on our Consolidated Financial Statements.  In addition, we have not yet determined the method we will use to adopt the Standard.

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2014
Organization Consolidation And Presentation Of Financial Statements [Abstract]	'
Organization	'
	Organization. We (NYSE MKT: CIX) are 87% owned by NL Industries, Inc. (NYSE: NL) at September 30, 2014. We manufacture and sell component products (security products and recreational marine components). At September 30, 2014, (i) Valhi, Inc. (NYSE: VHI) held approximately 83% of NL’s outstanding common stock and (ii) a wholly-owned subsidiary of Contran Corporation (“Contran”)  held an aggregate of approximately 94% of Valhi’s outstanding common stock. Substantially all of Contran’s outstanding voting stock is held by family trusts established for the benefit of Lisa K. Simmons and Serena Simmons Connelly, daughters of Harold C. Simmons, and their children (for which Ms. Lisa Simmons and Ms. Connelly are co- trustees) or is held directly by Ms. Lisa Simmons and Ms. Connelly or persons or entities related to them, including their step-mother Annette C. Simmons, the widow of Mr. Simmons. Prior to his death in December 2013, Mr. Simmons served as sole trustee of the family trusts. Under a voting agreement entered into by all of the voting stockholders of Contran, effective in February 2014 and as amended, the size of the board of directors of Contran was fixed at five members, Ms. Lisa Simmons, Ms. Connelly and Ms. Annette Simmons (and in the event of their death, their heirs) each has the right to designate one of the five members of the Contran board and the remaining two members of the Contran board must consist of members of Contran management. Ms. Lisa Simmons, Ms. Connelly, and Ms. Annette Simmons each serve as members of the Contran board. The voting agreement expires in February 2017 (unless Ms. Lisa Simmons, Ms. Connelly and Ms. Annette Simmons otherwise unanimously agree), and the ability of Ms. Lisa Simmons, Ms. Connelly, and Ms. Annette Simmons to each designate one member of the Contran board is dependent upon each of their continued beneficial ownership of at least 5% of the combined voting stock of Contran. Consequently, Ms. Lisa Simmons, Ms. Connelly and Ms. Annette Simmons may be deemed to control Contran, Valhi, NL and us.
Basis of Presentation	'
	Basis of presentation. Consolidated in this Quarterly Report are the results of CompX International Inc. and its subsidiaries. The unaudited Condensed Consolidated Financial Statements contained in this Quarterly Report have been prepared on the same basis as the audited Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2013 that we filed with the Securities and Exchange Commission (“SEC”) on March 5, 2014 (the “2013 Annual Report”). In our opinion, we have made all necessary adjustments (which include only normal recurring adjustments) in order to state fairly, in all material respects, our consolidated financial position, results of operations and cash flows as of the dates and for the periods presented. We have condensed the Consolidated Balance Sheet at December 31, 2013 contained in this Quarterly Report as compared to our audited Consolidated Financial Statements at that date, and we have omitted certain information and footnote disclosures (including those related to the Consolidated Balance Sheet at December 31, 2013) normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Our results of operations for the interim periods ended September 30, 2014 may not be indicative of our operating results for the full year. The Condensed Consolidated Financial Statements contained in this Quarterly Report should be read in conjunction with our 2013 Consolidated Financial Statements contained in our 2013 Annual Report.
	Unless otherwise indicated, references in this report to “we”, “us” or “our” refer to CompX International Inc. and its subsidiaries, taken as a whole.

Recent_Accounting_Pronouncemen1

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2014
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]	'
Recent Accounting Pronouncements	'
	In May 2014, FASB issued Accounting Standards Update (“ASU’) No. 2014-09, Revenue from Contracts with Customers (Topic 606).  This standard replaces existing revenue recognition guidance, which in many cases was tailored for specific industries, with a uniform accounting standard applicable to all industries and transactions.  The new standard is effective for us beginning in the first quarter of 2017.  Entities may elect to adopt ASU No. 2014-09 retrospectively for all periods for all contracts and transactions which occurred during the period (with a few exceptions for practical expediency) or retrospectively with a cumulative effect recognized as of the date of adoption.  ASU No. 2014 is a fundamental rewriting of existing GAAP with respect to revenue recognition, and we are still evaluating the effect the Standard will have on our Consolidated Financial Statements.  In addition, we have not yet determined the method we will use to adopt the Standard.

Business_Segment_Information_T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Business Segment Information	'
		Three months ended						Nine months ended
		September 30,						September 30,
		2013			2014			2013			2014
		(In thousands)						(In thousands)
	Net sales:
	Security Products	$	21,457		$	23,237		$	61,258		$	69,246
	Marine Components		2,752			3,236			8,443			9,856
	Total net sales	$	24,209		$	26,473		$	69,701		$	79,102
	Operating income:
	Security Products	$	4,578		$	4,694		$	12,245		$	14,235
	Marine Components		(17	)		223			185			729
	Corporate operating expenses		(1,584	)		(1,485	)		(5,076	)		(4,332	)
	Total operating income		2,977			3,432			7,354			10,632
	Interest income		5			7			32			19
	Interest expense		(11	)		—			(127	)		—
	Income before taxes	$	2,971		$	3,439		$	7,259		$	10,651

Accounts_Receivable_Net_Tables

Accounts Receivable, Net (Tables)	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Schedule of Accounts Receivable, Net	'
		December 31,			September 30,
		2013			2014
		(In thousands)
	Accounts receivable, net:
	Security Products	$	7,813		$	10,334
	Marine Components		849			1,436
	Allowance for doubtful accounts		(128	)		(130	)
	Total accounts receivable, net	$	8,534		$	11,640

Inventories_Net_Tables

Inventories, Net (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories, Net	'
		December 31,		September 30,
		2013		2014
		(In thousands)
	Raw materials:
	Security Products	$	2,565	$	2,543
	Marine Components		1,000		599
	Total raw materials		3,565		3,142
	Work-in-process:
	Security Products		5,992		8,145
	Marine Components		704		1,526
	Total work-in-process		6,696		9,671
	Finished goods:
	Security Products		2,349		1,725
	Marine Components		625		544
	Total finished goods		2,974		2,269
	Total inventories, net	$	13,235	$	15,082

Other_Noncurrent_Assets_Tables

Other Noncurrent Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Other Assets Noncurrent Disclosure [Abstract]	'
Schedule of Other Noncurrent Assets	'
		December 31,		September 30,
		2013		2014
		(In thousands)
	Assets held for sale	$	532	$	588
	Other		41		14
	Total other noncurrent assets	$	573	$	602

Accounts_Payable_and_Accrued_L1

Accounts Payable and Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2014
Payables And Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities	'
		December 31,		September 30,
		2013		2014
		(In thousands)
	Accounts payable	$	1,452	$	3,616
	Accrued liabilities:
	Employee benefits		6,788		6,036
	Taxes other than on income		378		554
	Customer tooling		388		426
	Insurance		243		215
	Sales rebates		45		204
	Professional		86		147
	Other		325		338
	Total accounts payable and accrued liabilities	$	9,705	$	11,536

Provision_for_Income_Taxes_Tab

Provision for Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Provision for Income Taxes	'
		Nine months ended
		September 30,
		2013		2014
		(In thousands)
	Expected tax expense, at the U.S. federal statutory	$	2,541	$	3,728
	income tax rate of 35%
	State income taxes and other, net		52		(2	)
	Total income tax expense	$	2,593	$	3,726

Financial_Instruments_Tables

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Carrying Value and Estimated Fair Value of Financial Instruments	'
	The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure:
		December 31,				September 30,
		2013				2014
		Carrying		Fair		Carrying		Fair
		amount		value		amount		value
		(In thousands)
	Cash and cash equivalents	$	38,753	$	38,753	$	41,862	$	41,862
	Accounts receivable, net		8,534		8,534		11,640		11,640
	Accounts payable		1,452		1,452		3,616		3,616

Organization_and_Basis_of_Pres2

Organization and Basis of Presentation - Additional Information (Detail)	9 Months Ended	1 Months Ended
	Sep. 30, 2014	Feb. 28, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
	Contran Corporation	Contran Corporation	Contran Corporation	NL	NL
		Minimum	Valhi Inc		Valhi Inc
Basis Of Presentation And Significant Accounting Policies [Line Items]	'	'	'	'	'
Percentage of ownership held by parent company	'	'	94.00%	87.00%	83.00%
Voting agreement expiration date	'2017-02	'	'	'	'
Common stock voting rights	'Under a voting agreement entered into by all of the voting stockholders of Contran, effective in February 2014 and as amended, the size of the board of directors of Contran was fixed at five members, Ms. Lisa Simmons, Ms. Connelly and Ms. Annette Simmons (and in the event of their death, their heirs) each has the right to designate one of the five members of the Contran board and the remaining two members of the Contran board must consist of members of Contran management. Ms. Lisa Simmons, Ms. Connelly, and Ms. Annette Simmons each serve as members of the Contran board. The voting agreement expires in February 2017	'	'	'	'
Minimum percentage of voting stock ownership required to designate a board member	'	5.00%	'	'	'

Business_Segment_Information_S

Business Segment Information - Schedule of Business Segment Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales:	'	'	'	'
Total net sales	$26,473	$24,209	$79,102	$69,701
Operating income:	'	'	'	'
Total operating income	3,432	2,977	10,632	7,354
Interest income	7	5	19	32
Interest expense	'	-11	'	-127
Income before taxes	3,439	2,971	10,651	7,259
Corporate, Non-Segment	'	'	'	'
Operating income:	'	'	'	'
Total operating income	-1,485	-1,584	-4,332	-5,076
Security Products | Operating Segments	'	'	'	'
Net sales:	'	'	'	'
Total net sales	23,237	21,457	69,246	61,258
Operating income:	'	'	'	'
Total operating income	4,694	4,578	14,235	12,245
Marine Components | Operating Segments	'	'	'	'
Net sales:	'	'	'	'
Total net sales	3,236	2,752	9,856	8,443
Operating income:	'	'	'	'
Total operating income	$223	($17)	$729	$185

Accounts_Receivable_Net_Schedu

Accounts Receivable, Net - Schedule of Accounts Receivable, Net (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accounts Notes And Loans Receivable [Line Items]	'	'
Allowance for doubtful accounts	($130)	($128)
Accounts receivable, net	11,640	8,534
Security Products	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
Accounts receivable, gross	10,334	7,813
Marine Components	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'
Accounts receivable, gross	$1,436	$849

Inventories_Net_Inventories_Ne

Inventories, Net - Inventories, Net (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory [Line Items]	'	'
Total raw materials	$3,142	$3,565
Total work-in-process	9,671	6,696
Total finished goods	2,269	2,974
Total inventories, net	15,082	13,235
Security Products	'	'
Inventory [Line Items]	'	'
Total raw materials	2,543	2,565
Total work-in-process	8,145	5,992
Total finished goods	1,725	2,349
Marine Components	'	'
Inventory [Line Items]	'	'
Total raw materials	599	1,000
Total work-in-process	1,526	704
Total finished goods	$544	$625

Other_Noncurrent_Assets_Schedu

Other Noncurrent Assets - Schedule of Other Noncurrent Assets (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other Assets Noncurrent Disclosure [Abstract]	'	'
Assets held for sale	$588	$532
Other	14	41
Total other noncurrent assets	$602	$573

Accounts_Payable_and_Accrued_L2

Accounts Payable and Accrued Liabilities - Accounts Payable and Accrued Liabilities (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Payables And Accruals [Abstract]	'	'
Accounts payable	$3,616	$1,452
Accrued liabilities:	'	'
Employee benefits	6,036	6,788
Taxes other than on income	554	378
Customer tooling	426	388
Insurance	215	243
Sales rebates	204	45
Professional	147	86
Other	338	325
Total accounts payable and accrued liabilities	$11,536	$9,705

Provision_for_Income_Taxes_Pro

Provision for Income Taxes - Provision for Income Taxes (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Expected tax expense, at the U.S. federal statutory income tax rate of 35%	'	'	$3,728	$2,541
State income taxes and other, net	'	'	-2	52
Total income tax expense	$1,210	$1,015	$3,726	$2,593

Provision_for_Income_Taxes_Pro1

Provision for Income Taxes - Provision for Income Taxes (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'
U.S. federal statutory income tax rate	35.00%	35.00%

Financial_Instruments_Carrying

Financial Instruments - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value Disclosures [Abstract]	'	'	'	'
Cash and cash equivalents, Carrying amount	$41,862	$38,753	$36,591	$63,777
Accounts receivable, net, Carrying amount	11,640	8,534	'	'
Accounts payable, Carrying amount	3,616	1,452	'	'
Cash and cash equivalents, Fair value	41,862	38,753	'	'
Accounts receivable, net, Fair value	11,640	8,534	'	'
Accounts payable, Fair value	$3,616	$1,452	'	'