The LGL Group, Inc. (LGL) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Jun. 30, 2014
Document and Entity Information [Abstract]	'
Entity Registrant Name	'LGL GROUP INC
Entity Central Index Key	'0000061004
Current Fiscal Year End Date	'--12-31
Entity Well-known Seasoned Issuer	'No
Entity Voluntary Filers	'No
Entity Current Reporting Status	'Yes
Entity Filer Category	'Smaller Reporting Company
Entity Public Float	$11,024,000
Entity Common Stock, Shares Outstanding	2,594,732
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q2
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	30-Jun-14

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets-Unaudited (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$6,125	$7,183
Restricted cash (Note E)	1,500	1,500
Accounts receivable, less allowances of $45 and $42, respectively	3,442	3,237
Inventories, net (Note C)	4,551	4,629
Prepaid expenses and other current assets	307	405
Total Current Assets	15,925	16,954
Property, Plant and Equipment	'	'
Land	633	633
Buildings and improvements	3,908	3,908
Machinery and equipment	16,152	15,980
Gross property, plant and equipment	20,693	20,521
Less: accumulated depreciation	-16,956	-16,535
Net property, plant, and equipment	3,737	3,986
Other assets, net	814	323
Total Assets	20,476	21,263
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Note payable to bank (Note E)	1,500	1,181
Accounts payable	2,117	1,978
Accrued compensation and commissions expense	982	992
Accrued restructuring expense	350	70
Accrued warranty expense	366	22
Other accrued expenses	295	265
Total Current Liabilities	5,610	4,508
Stockholders' Equity:	'	'
Common stock, $0.01 par value - 10,000,000 shares authorized; 2,674,448 shares issued and 2,594,732 shares outstanding at June 30, 2014 and 2,674,530 shares issued and 2,594,784 shares outstanding at December 31, 2013	27	27
Additional paid-in capital	28,779	28,593
Accumulated deficit	-13,416	-11,338
Treasury stock: 79,716 and 79,664 shares held in treasury at cost at June 30, 2014 and December 31, 2013, respectively	-572	-572
Accumulated other comprehensive income	48	45
Total Stockholders' Equity	14,866	16,755
Total Liabilities and Stockholders' Equity	$20,476	$21,263

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets-Unaudited (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
ASSETS	'	'
Accounts receivable, allowances	$45	$42
Stockholders' Equity:	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	2,674,448	2,674,530
Common stock, shares outstanding (in shares)	2,594,732	2,594,784
Treasury Stock, Shares	79,716	79,664

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations-Unaudited (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidated Statements of Operations [Abstract]	'	'	'	'
REVENUES	$5,850,000	$6,965,000	$11,981,000	$14,363,000
Cost and Expenses:	'	'	'	'
Manufacturing cost of sales	4,485,000	5,177,000	9,020,000	10,173,000
Engineering, selling and administrative	2,246,000	2,606,000	4,656,000	5,286,000
Restructuring expense	397,000	'	397,000	'
OPERATING LOSS	-1,278,000	-818,000	-2,092,000	-1,096,000
Other Income (Expense):	'	'	'	'
Interest expense, net	-8,000	-10,000	-16,000	-29,000
Other income (expense), net	17,000	-1,000	30,000	0
Total Other Income (Expense)	9,000	-11,000	14,000	-29,000
LOSS BEFORE INCOME TAXES	-1,269,000	-829,000	-2,078,000	-1,125,000
Income tax benefit	0	-4,135,000	0	-3,922,000
NET LOSS	($1,269,000)	($4,964,000)	($2,078,000)	($5,047,000)
Weighted average number of shares used in basic and diluted net income (loss) per common share calculation (in shares)	2,594,743	2,602,329	2,594,764	2,600,248
BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE (in dollars per share)	($0.49)	($1.91)	($0.80)	($1.94)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Comprehensive Loss-Unaudited (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidated Statements of Comprehensive Income (Loss) Unaudited [Abstract]	'	'	'	'
NET LOSS	($1,269)	($4,964)	($2,078)	($5,047)
Other Comprehensive Income:	'	'	'	'
Unrealized gain on available-for-sale securities, net of taxes	7	6	3	12
TOTAL OTHER COMPREHENSIVE INCOME	7	6	3	12
COMPREHENSIVE LOSS	($1,262)	($4,958)	($2,075)	($5,035)

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholder's Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Treasury stock	Accumulated Other Comprehensive Loss [Member]
Balance at Dec. 31, 2013	$16,755,000	$27,000	$28,593,000	($11,338,000)	($572,000)	$45,000
Balance (in shares) at Dec. 31, 2013	2,594,784	2,594,784	'	'	'	'
Net loss	-2,078,000	0	0	-2,078,000	0	0
Other comprehensive loss	3,000	0	0	0	0	3,000
Stock-based compensation (shares)	'	-52	'	'	'	'
Stock-based compensation	186,000	0	186,000	0	0	0
Balance at Jun. 30, 2014	$14,866,000	$27,000	$28,779,000	($13,416,000)	($572,000)	$48,000
Balance (in shares) at Jun. 30, 2014	2,594,732	2,594,732	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
OPERATING ACTIVITIES	'	'
Net loss	($2,078)	($5,047)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation	421	442
Amortization of finite-lived intangible assets	52	46
Write-down of note receivable	0	10
Stock-based compensation	186	253
Deferred income tax provision	0	3,922
Changes in operating assets and liabilities:	'	'
(Increase) decrease in accounts receivable, net	-205	390
Decrease in inventories, net	170	24
Decrease in other assets	95	287
Increase in accrued restructuring expense	280	0
Increase (decrease) in trade accounts payable, accrued compensation and commissions expense and other accrued liabilities	503	-626
Net cash used in operating activities	-576	-299
INVESTING ACTIVITIES	'	'
Capital expenditures	-53	-228
Asset acquisition	-748	0
Net cash used in investing activities	-801	-228
FINANCING ACTIVITIES	'	'
Net borrowings (repayments) on note payable to bank	319	-368
Principal payments of long-term debt	0	-58
Purchase of treasury stock	0	-59
Net cash provided by (used in) financing activities	319	-485
Decrease in cash and cash equivalents	-1,058	-1,012
Cash and cash equivalents at beginning of period	7,183	8,625
Cash and cash equivalents at end of period	6,125	7,613
Supplemental Disclosure:	'	'
Cash paid for income taxes	0	0
Cash paid for interest	$21	$19

Subsidiaries_of_the_Registrant

Subsidiaries of the Registrant	6 Months Ended
	Jun. 30, 2014
Subsidiaries of the Registrant [Abstract]	'
Subsidiaries of the Registrant	'
	A.            Subsidiaries of the Registrant
	The LGL Group, Inc. (the "Company"), incorporated in 1928 under the laws of the State of Indiana and reincorporated under the laws of the State of Delaware in 2007, is a holding company with subsidiaries engaged in the manufacturing and marketing of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits.
	As of June 30, 2014, the subsidiaries of the Company are as follows:
		Owned By The LGL Group, Inc.
	M-tron Industries, Inc.	100.00%
	M-tron Industries, Ltd.	99.90%
	Piezo Technology, Inc.	100.00%
	Piezo Technology India Private Ltd.	99.00%
	M-tron Asia, LLC	100.00%
	M-tron Services, Ltd.	100.00%
	Lynch Systems, Inc.	100.00%
	The Company operates through its principal subsidiary, M-tron Industries, Inc., which includes the operations of M-tron Industries, Ltd. ("Mtron") and Piezo Technology, Inc. ("PTI"). The combined operations of Mtron and PTI and their subsidiaries are referred to herein as "MtronPTI."  MtronPTI has operations in Orlando, Florida, Yankton, South Dakota, Yantai, China and Noida, India.  MtronPTI also has sales offices in Sacramento, California, Eindhoven, The Netherlands, Hong Kong and Shanghai, China.
	During 2007, the Company sold the operating assets of Lynch Systems, Inc., a subsidiary of the Company, to an unrelated party.
	On January 31, 2014, MtronPTI completed the acquisition of certain filter product line assets from Trilithic, Inc. ("Trilithic") for net cash consideration of $700,000, excluding acquisition costs. The acquired assets were comprised of intellectual property for Trilithic's fixed and tunable frequency filter products used in cellular, military and other wireless applications, as well as some equipment.  See Note D – Intangible Assets.  This investment is expected to further strengthen and differentiate MtronPTI's high reliability RF & microwave portfolio, providing increased service to clients in the Internet Communications Technology, or ICT, and Aerospace and Defense, or Aero/Defense, market segments.
	B.            Basis of Presentation

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2014, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2014.
	This interim information should be read in conjunction with the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2013.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Inventories	'
	C.            Inventories
	Inventories are stated at the lower of actual cost (determined using the first-in, first-out method), or market (estimated realizable value), with adjustment being recorded in the reserve for obsolescence, which was $2,814,000 and $2,586,000 as of June 30, 2014 and December 31, 2013, respectively.
	Inventories are comprised of the following:
		30-Jun-14		31-Dec-13
		(in thousands)
	Raw materials	$	1,854	$	1,834
	Work in process		1,657		1,490
	Finished goods		1,040		1,305
	Total Inventories, net	$	4,551	$	4,629

Intangible_Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2014
Intangible Assets [Abstract]	'
Intangible Assets [Text Block]	'
	D.            Intangible Assets
	As part of MtronPTI's acquisition of certain filter product line assets from Trilithic, MtronPTI acquired $538,000 of intellectual property. These intangible assets are included in "other assets" and are recorded at cost less accumulated amortization.  Amortization is computed for financial reporting purposes using the straight-line method over an estimated useful life of 10 years. The net carrying value of these intangible assets is $516,000 as of June 30, 2014.
	The estimated aggregate amortization expense for each of the five succeeding years and thereafter is as follows (in thousands):
	Remainder of 2014	$	27
	2015		54
	2016		54
	2017		54
	2018		54
	Thereafter		273
	Total	$	516
	E.            Note Payable to Bank

Notes_Payable_to_Bank_and_Long

Notes Payable to Bank and Long-Term Debt	6 Months Ended
	Jun. 30, 2014
Notes Payable to Bank and Long-Term Debt [Abstract]	'
Notes Payable to Bank and Long-Term Debt	'
		30-Jun-14		31-Dec-13
	Note Payable:	(in thousands)
	MtronPTI revolving loan with JPMorgan Chase Bank, N.A. ("Chase") due September 30, 2014. The loan bears interest at the greater of Chase's prime rate or the one-month LIBOR rate plus 2.50% per annum (3.25% at June 30, 2014), which is due and payable monthly.	$	1,500	$	1,181
	On June 30, 2011, MtronPTI entered into a loan agreement with Chase, which was amended on June 28, 2012, September 28, 2012, June 30, 2013 and September 19, 2013 (the "Chase Loan Agreement"). The Chase Loan Agreement provides for a revolving line of credit in the amount of $1,500,000, to be used solely for working capital needs (the "Chase Revolving Loan") and matures on September 30, 2014. The Chase Loan Agreement also provides that it may be extended for up to three 12-month renewal terms starting on June 30, 2014, upon written request by  MtronPTI and approval by Chase. On May 5, 2014, Chase approved the extension of the maturity date under the Chase Loan Agreement from June 30, 2014 to September 30, 2014.
	The total borrowing capacity on the Chase Loan Agreement is subject to certain limitations on the borrowing base as defined in the Chase Loan Agreement.  At June 30, 2014, MtronPTI had approximately $1,500,000 outstanding under the Chase Revolving Loan and no available borrowing capacity.  The Company intends to retire the line of credit prior to its maturity on September 30, 2014, and repay the amount outstanding from existing funds.
	All outstanding obligations of MtronPTI under the Chase Loan Agreement are collateralized by a first priority security interest in all of the assets of MtronPTI, excluding real property. Additionally, in connection with the Chase Loan Agreement, PTI entered into a separate agreement with Chase providing that PTI would not mortgage or otherwise encumber certain real property it owns in Florida while any credit facility is outstanding under the Chase Loan Agreement.
	As additional security for MtronPTI's obligations under the Chase Loan Agreement, MtronPTI's obligations under the Chase Loan Agreement are fully collateralized in cash.  Accordingly, Chase retains a security interest in a separate account holding $1,500,000 of MtronPTI cash deposits pursuant to an Assignment of Deposit agreement.  The amount of the cash collateral deposit with Chase is recorded as restricted cash in the accompanying condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013.  The related Assignment of Deposit agreement restricts MtronPTI's ability to withdraw any portion of the deposit and does not allow MtronPTI to assign the deposit or any part thereof.
	The Chase Loan Agreement also contains a variety of affirmative and negative covenants, including, but not limited to, a financial covenant that MtronPTI maintain tangible net worth not less than $6,000,000. As of June 30, 2014, MtronPTI was not in compliance with the tangible net worth covenant under the Chase Loan Agreement. Based on the definition of tangible net worth under the Chase Loan Agreement, MtronPTI had a tangible net worth of $3,075,000 as of June 30, 2014, as compared to the minimum requirement of $6,000,000. Chase has waived non-compliance with this covenant as of June 30, 2014, in accordance with the terms of a letter agreement dated August 6, 2014.

Stock_Based_Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2014
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	F.            Stock-Based Compensation
	The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. There is no expected dividend rate. Historical Company information was the basis for the expected volatility assumption. The fair value of grants was calculated using historical volatility as the Company believes that the historical volatility over the life of the option is indicative of expected volatility in the future. The risk-free interest rate is based on the U.S. Treasury zero-coupon rates with a remaining term equal to the expected term of the option. Accounting Standards Codification ("ASC") 718, Stock Compensation, also requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Based upon past history of actual performance, forfeiture rates ranging from zero percent to twenty percent have been assumed for options granted.
	On June 11, 2014, the Board of Directors granted options to purchase a total of 75,000 shares of the Company's common stock to Michael Ferrantino, Sr., pursuant to the Company's 2011 Incentive Plan. These stock options have an exercise price of $4.90, a five-year life expiring on June 11, 2019, and vest as follows: 60% immediately; an additional 20% on the second anniversary of the grant date; and the remaining 20% on the third anniversary of the grant date. These stock options have a grant date fair value of $1.48 per option.
	In connection with Gregory P. Anderson's resignation on May 21, 2014, the Company modified the terms of his August 9, 2012 Incentive Stock Option Agreement pursuant to which options to purchase 7,500 shares of the Company's common stock vested immediately. The Company also modified the terms of Mr. Anderson's February 29, 2012 and March 26, 2013 Restricted Stock Agreements pursuant to which a total of 1,470 restricted shares will vest six months after his resignation and an additional 1,470 restricted shares will vest one year after his resignation.
	The terms of the options reflect the objective to align management incentives with long-term value creation.
	Restricted stock awards are granted at a value equal to the market price of our common stock on the date of the grant. There were no restricted stock awards granted during the six months ended June 30, 2014.
	Compensation expense related to share-based compensation is recognized over the applicable vesting periods. As of June 30, 2014, there was approximately $172,000 of total unrecognized compensation expense related to unvested share-based compensation arrangements.
	G.            Earnings (Loss) Per Share
	The Company computes earnings (loss) per share in accordance with ASC 260, Earnings Per Share ("ASC 260").  Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per share adjusts basic earnings (loss) per share for the effects of stock options, non-participating restricted common stock, and other potentially dilutive financial instruments, only in the periods in which the effects are dilutive.  Shares of restricted stock granted to members of the Board of Directors as a portion of their director fees are deemed to be participating as defined by ASC 260 and therefore are included in the computation of basic earnings (loss) per share.
	For the three and six months ended June 30, 2014 there were options to purchase 247,493 shares of common stock that were excluded from the diluted loss per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive. For the three and six months ended June 30, 2013, there were options to purchase 192,401 shares of common stock that were excluded from the diluted loss per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive.

Warrant_Dividend

Warrant Dividend	6 Months Ended
	Jun. 30, 2014
Warrant Dividend [Abstract]	'
Warrant Dividend [Text Block]	'
	On August 6, 2013, the Company distributed warrants to purchase shares of the Company's common stock as a dividend to holders of the Company's common stock on July 29, 2013, the record date for the dividend.  Stockholders received five warrants for each share of the Company's common stock owned on the record date.  When exercisable, 25 warrants will entitle their holder to purchase one share of the Company's common stock at an exercise price of $7.50 per share (subject to adjustment).
	The warrants are "European style warrants" and will only become exercisable on the earlier of (i) their expiration date, August 6, 2018, and (ii) such date that the 30-day volume weighted average price per share, or VWAP, of the Company's common stock is greater than or equal to $15.00 (subject to adjustment). Once the warrants become exercisable, they may be exercised in accordance with the terms of the warrant agreement between the Company and the warrant agent until their expiration at 5:00 p.m., Eastern Time, on the expiration date.
	The warrants are traded separately from the Company's common stock on the NYSE MKT under the symbol "LGL WS".

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	I.            Fair Value Measurements
	The Company measures financial and non-financial assets and liabilities at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures.  These measurements involve various valuation techniques and assume that the transactions would occur between market participants in the most advantageous market for the Company.
	Assets
	To estimate the fair value of its equity and U.S. Treasury securities, the Company obtains current market pricing from quoted market sources or uses pricing for identical securities. Assets measured at fair value on a recurring basis are summarized below.
		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total
		(Level 1)		(Level 2)		(Level 3)		June 30,
								2014
	Equity securities	$	64	$	—	$	—	$	64
	U.S. Treasury securities (cash equivalents)	$	4,739	$	—	$	—	$	4,739
		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total
		(Level 1)		(Level 2)		(Level 3)		31-Dec-13
	Equity securities	$	61	$	—	$	—	$	61
	U.S. Treasury securities (cash equivalents)	$	5,589	$	—	$	—	$	5,589
	The Company also has assets that may be subject to measurement at fair value on a non-recurring basis, including goodwill and intangible assets, and other long-lived assets. The Company reviews the carrying value of these assets whenever events and circumstances indicate that the carrying amounts of the assets may not be recoverable. If it is determined that the assets are impaired, the carrying value would be reduced to estimated fair value.

Foreign_Revenues

Foreign Revenues	6 Months Ended
	Jun. 30, 2014
Significant Foreign Revenues [Abstract]	'
Foreign Revenues	'
	J.            Foreign Revenues
	For the three and six months ended June 30, 2014 and 2013, significant revenues from operations (10% or more of foreign sales) were as follows:
		Three Months Ended		Three Months Ended
		30-Jun-14		30-Jun-13
	Significant Foreign Revenues:
	Malaysia	$	882	$	1,074
	China		765		907
	Hong Kong		225		494
	All other foreign countries		753		926
	Total foreign revenues	$	2,625	$	3,401
		Six Months Ended		Six Months Ended
		30-Jun-14		30-Jun-13
	Significant Foreign Revenues:
	Malaysia	$	1,680	$	1,781
	China		1,616		2,388
	Thailand		326		1,025
	All other foreign countries		1,620		1,820
	Total foreign revenues	$	5,242	$	7,014
	The Company allocates its foreign revenue based on the customer's ship-to location.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes [Text Block]	'
	K.            Income Taxes
	The Company had total federal and state net operating loss carry-forwards ("NOLs") of $7,607,000 and $14,559,000, respectively, as of December 31, 2013.  These NOLs expire through 2033 if not utilized prior to their expiration. The Company had research and development credit carry-forwards of approximately $1,178,000 at December 31, 2013 that can be used to reduce future income tax liabilities and expire principally between 2020 and 2033.  In addition, the Company has foreign tax credit carry-forwards of approximately $359,000 at December 31, 2013 that are available to reduce future U.S. income tax liabilities subject to certain limitations.  These foreign tax credit carry-forwards expire at various times between 2018 and 2020.
	The Company maintains a full valuation allowance against its deferred tax assets under the provisions of ASC 740, Income Taxes, based on the Company's assessment of the uncertainty surrounding the realization of the favorable U.S. tax benefits in future tax returns.  When assessing the need for valuation allowances, the Company considers future taxable income and ongoing prudent and feasible tax planning strategies.  Should a change in circumstances lead to a change in judgment about the ability to realize deferred tax assets in future years, the Company will adjust related valuation allowances in the period that the change in circumstances occurs, along with a corresponding increase or charge to income.
	The Company recorded a net tax provision of $0 and $3,922,000, for the six months ended June 30, 2014 and 2013, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	L.            Commitments and Contingencies
	In the normal course of business, the Company and its subsidiaries may become defendants in certain product liability, patent infringement, worker claims and other litigation.  The Company records a liability when it is probable that a loss has been incurred and the amount is reasonably estimable. The Company is not involved in any legal proceedings other than routine litigation arising in the normal course of business, none of which the Company believes will have a material adverse effect on the Company's business, financial condition or results of operations.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	M.            Related Party Transactions
	At June 30, 2014 and December 31, 2013, approximately $4,739,000 and $5,589,000, respectively, was invested in United States Treasury money market funds managed by a related entity (the "Fund Manager") which is related through two common directors.  One of the Company's directors, who is also a 10% stockholder, currently serves as a director and executive officer of the Fund Manager.  Another of the Company's directors serves as a director and audit committee member of the Fund Manager.  The fund transactions in the six months ended June 30, 2014 and the year ended December 31, 2013 were directed solely at the discretion of Company management.

Restructuring_Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2014
Restructuring Charges [Abstract]	'
Restructuring Charges [Text Block]	'
	N.            Restructuring Charges
	On May 27, 2014, the Company's management initiated a plan for further realignment of its sales, general and administrative activities as part of its ongoing efforts to restore sustainable profitability and improve its competitive position as a niche design and manufacturing company of highly-engineered electronics components and subsystems within a dynamic market environment.  Implementation of this plan for realignment is expected to be substantially completed within the third quarter of 2014. Management continues to evaluate opportunities to improve the Company's operating leverage and position for improved results.  As a result of this plan for realignment, the Company incurred restructuring charges during the quarter ended June 30, 2014, of $397,000.  These restructuring charges consisted of approximately $334,000 of employee separation costs and $63,000 of other office closure-related costs.
	The charges for employee separation costs consisted of severance pay and other benefits. The costs related to these restructuring activities were recorded in the consolidated statements of operations as restructuring charges.
	A reconciliation of the Company's restructuring liability, included as a component of other accrued expenses, is as follows:
		Employee Related			Other			Total
	Beginning balance, May 27, 2014	$	334,000		$	63,000		$	397,000
	Less: Cash payments		(42,000	)		(8,000	)		(50,000	)
	Ending balance, June 30, 2014	$	292,000		$	55,000		$	347,000
	On October 17, 2013, the Company's management initiated a restructuring plan to realign its customer support operations across all of the Company's locations and to reduce structural costs in an effort to gain efficiencies in providing customer support.
	A reconciliation of the Company's restructuring liability, included as a component of other accrued expenses, is as follows:
		Employee Related			Other			Total
	Ending balance, December 31, 2013	$	19,000		$	51,000		$	70,000
	Less: Cash payments		(19,000	)		(48,000	)		(67,000	)
	Ending balance, June 30, 2014	$	-		$	3,000		$	3,000

Stock_Based_Compensation_Polic

Stock Based Compensation (Policies)	6 Months Ended
	Jun. 30, 2014
Stock-Based Compensation [Abstract]	'
Stock-based compensation policy	'
	F.            Stock-Based Compensation
	The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. There is no expected dividend rate. Historical Company information was the basis for the expected volatility assumption. The fair value of grants was calculated using historical volatility as the Company believes that the historical volatility over the life of the option is indicative of expected volatility in the future. The risk-free interest rate is based on the U.S. Treasury zero-coupon rates with a remaining term equal to the expected term of the option. Accounting Standards Codification ("ASC") 718, Stock Compensation, also requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Based upon past history of actual performance, forfeiture rates ranging from zero percent to twenty percent have been assumed for options granted.
	On June 11, 2014, the Board of Directors granted options to purchase a total of 75,000 shares of the Company's common stock to Michael Ferrantino, Sr., pursuant to the Company's 2011 Incentive Plan. These stock options have an exercise price of $4.90, a five-year life expiring on June 11, 2019, and vest as follows: 60% immediately; an additional 20% on the second anniversary of the grant date; and the remaining 20% on the third anniversary of the grant date. These stock options have a grant date fair value of $1.48 per option.
	In connection with Gregory P. Anderson's resignation on May 21, 2014, the Company modified the terms of his August 9, 2012 Incentive Stock Option Agreement pursuant to which options to purchase 7,500 shares of the Company's common stock vested immediately. The Company also modified the terms of Mr. Anderson's February 29, 2012 and March 26, 2013 Restricted Stock Agreements pursuant to which a total of 1,470 restricted shares will vest six months after his resignation and an additional 1,470 restricted shares will vest one year after his resignation.
	The terms of the options reflect the objective to align management incentives with long-term value creation.
	Restricted stock awards are granted at a value equal to the market price of our common stock on the date of the grant. There were no restricted stock awards granted during the six months ended June 30, 2014.
	Compensation expense related to share-based compensation is recognized over the applicable vesting periods. As of June 30, 2014, there was approximately $172,000 of total unrecognized compensation expense related to unvested share-based compensation arrangements.
	G.            Earnings (Loss) Per Share
	The Company computes earnings (loss) per share in accordance with ASC 260, Earnings Per Share ("ASC 260").  Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per share adjusts basic earnings (loss) per share for the effects of stock options, non-participating restricted common stock, and other potentially dilutive financial instruments, only in the periods in which the effects are dilutive.  Shares of restricted stock granted to members of the Board of Directors as a portion of their director fees are deemed to be participating as defined by ASC 260 and therefore are included in the computation of basic earnings (loss) per share.
	For the three and six months ended June 30, 2014 there were options to purchase 247,493 shares of common stock that were excluded from the diluted loss per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive. For the three and six months ended June 30, 2013, there were options to purchase 192,401 shares of common stock that were excluded from the diluted loss per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive.

Fair_Value_Measurements_Polici

Fair Value Measurements (Policies)	6 Months Ended
	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	The Company measures financial and non-financial assets and liabilities at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures.  These measurements involve various valuation techniques and assume that the transactions would occur between market participants in the most advantageous market for the Company.

Subsidiaries_of_the_Registrant1

Subsidiaries of the Registrant (Tables)	6 Months Ended
	Jun. 30, 2014
Subsidiaries of the Registrant [Abstract]	'
Schedule of subsidiaries of the entity, by ownership percentage	'
	As of June 30, 2014, the subsidiaries of the Company are as follows:
		Owned By The LGL Group, Inc.
	M-tron Industries, Inc.	100.00%
	M-tron Industries, Ltd.	99.90%
	Piezo Technology, Inc.	100.00%
	Piezo Technology India Private Ltd.	99.00%
	M-tron Asia, LLC	100.00%
	M-tron Services, Ltd.	100.00%
	Lynch Systems, Inc.	100.00%

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Jun. 30, 2014
Inventories [Abstract]	'
Schedule of inventories	'
	Inventories are comprised of the following:
		30-Jun-14		31-Dec-13
		(in thousands)
	Raw materials	$	1,854	$	1,834
	Work in process		1,657		1,490
	Finished goods		1,040		1,305
	Total Inventories, net	$	4,551	$	4,629

Intangible_Assets_Tables

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2014
Intangible Assets [Abstract]	'
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	The estimated aggregate amortization expense for each of the five succeeding years and thereafter is as follows (in thousands):
	Remainder of 2014	$	27
	2015		54
	2016		54
	2017		54
	2018		54
	Thereafter		273
	Total	$	516
	E.            Note Payable to Bank

Notes_Payable_to_Bank_and_Long1

Notes Payable to Bank and Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Notes Payable to Bank and Long-Term Debt [Abstract]	'
Schedule of debt including short and long term	'
		30-Jun-14		31-Dec-13
	Note Payable:	(in thousands)
	MtronPTI revolving loan with JPMorgan Chase Bank, N.A. ("Chase") due September 30, 2014. The loan bears interest at the greater of Chase's prime rate or the one-month LIBOR rate plus 2.50% per annum (3.25% at June 30, 2014), which is due and payable monthly.	$	1,500	$	1,181

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Assets measured at fair value on recurring basis	'
	Assets
	To estimate the fair value of its equity and U.S. Treasury securities, the Company obtains current market pricing from quoted market sources or uses pricing for identical securities. Assets measured at fair value on a recurring basis are summarized below.
		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total
		(Level 1)		(Level 2)		(Level 3)		June 30,
								2014
	Equity securities	$	64	$	—	$	—	$	64
	U.S. Treasury securities (cash equivalents)	$	4,739	$	—	$	—	$	4,739
		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total
		(Level 1)		(Level 2)		(Level 3)		31-Dec-13
	Equity securities	$	61	$	—	$	—	$	61
	U.S. Treasury securities (cash equivalents)	$	5,589	$	—	$	—	$	5,589
	The Company also has assets that may be subject to measurement at fair value on a non-recurring basis, including goodwill and intangible assets, and other long-lived assets. The Company reviews the carrying value of these assets whenever events and circumstances indicate that the carrying amounts of the assets may not be recoverable. If it is determined that the assets are impaired, the carrying value would be reduced to estimated fair value.

Foreign_Revenues_Tables

Foreign Revenues (Tables)	6 Months Ended
	Jun. 30, 2014
Significant Foreign Revenues [Abstract]	'
Schedule of foreign revenues	'
	For the three and six months ended June 30, 2014 and 2013, significant revenues from operations (10% or more of foreign sales) were as follows:
		Three Months Ended		Three Months Ended
		30-Jun-14		30-Jun-13
	Significant Foreign Revenues:
	Malaysia	$	882	$	1,074
	China		765		907
	Hong Kong		225		494
	All other foreign countries		753		926
	Total foreign revenues	$	2,625	$	3,401
		Six Months Ended		Six Months Ended
		30-Jun-14		30-Jun-13
	Significant Foreign Revenues:
	Malaysia	$	1,680	$	1,781
	China		1,616		2,388
	Thailand		326		1,025
	All other foreign countries		1,620		1,820
	Total foreign revenues	$	5,242	$	7,014

Restructuring_Charges_Tables

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2014
Restructuring Charges [Abstract]	'
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	'
	A reconciliation of the Company's restructuring liability, included as a component of other accrued expenses, is as follows:
		Employee Related			Other			Total
	Beginning balance, May 27, 2014	$	334,000		$	63,000		$	397,000
	Less: Cash payments		(42,000	)		(8,000	)		(50,000	)
	Ending balance, June 30, 2014	$	292,000		$	55,000		$	347,000
		Employee Related			Other			Total
	Ending balance, December 31, 2013	$	19,000		$	51,000		$	70,000
	Less: Cash payments		(19,000	)		(48,000	)		(67,000	)
	Ending balance, June 30, 2014	$	-		$	3,000		$	3,000

Subsidiaries_of_the_Registrant2

Subsidiaries of the Registrant (Details) (USD $)	6 Months Ended	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
		M-tron Industries, Ltd. [Member]	Piezo Technology, Inc. [Member]	Piezo Technology India Private Ltd. [Member]	M-tron Asia LLC [Member} [Member]	M-tron Services Ltd [Member]	Lynch Systems, Inc. [Member]	M-tron Industries, Inc. [Member]
Subsidiaries of the entity, by ownership percentage [Abstract]	'	'	'	'	'	'	'	'
Owned By LGL (in hundredths)	'	99.90%	100.00%	99.00%	100.00%	100.00%	100.00%	100.00%
Cash consideration	$700,000	'	'	'	'	'	'	'

Inventories_Details

Inventories (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Classification of inventories [Abstract]	'	'
Raw materials, net	$1,854,000	$1,834,000
Work in process, net	1,657,000	1,490,000
Finished goods, net	1,040,000	1,305,000
Total Inventories, net	4,551,000	4,629,000
Inventory Reserve for Obsolescence	$2,814,000	$2,586,000

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	'10 years
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]	'
2014	$27,000
2015	54,000
2016	54,000
2017	54,000
2018	54,000
Thereafter	273,000
Total	516,000
Intellectual property [Member]	'
Acquired Finite-Lived Intangible Assets [Line Items]	'
Acquired Finite-lived Intangible Asset, Amount	$538,000

Notes_Payable_to_Bank_and_Long2

Notes Payable to Bank and Long-Term Debt (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
	Term
Notes Payable:	'	'
MtronPTI revolving loan with J.P. Morgan Chase Bank, N.A. ("Chase") due June 30, 2014. The loan bears interest at the greater of Chase's prime rate or the one-month LIBOR rate plus 2.50% per annum (3.25% at September 30, 2013), which is due and payable monthly.	$1,500,000	$1,181,000
Debt instrument, reference rate (in hundredths)	2.50%	'
Revolving loan, interest rate (in hundredths)	3.25%	'
Debt instrument, maturity due date	30-Sep-14	'
Credit facilities provides under chase loan agreement [Abstract]	'	'
Line of credit facility amount soley for working capital	1,500,000	'
Avaialable borrowing capacity	0	'
Number of 12 month renewal terms	3	'
Collateral deposit	1,500,000	'
Renewal extension	30-Sep-14	'
Outstanding under the revolving loan agreement	0	'
MtronPTI tangible net worth	3,075,000	'
Financial covenants under chase loan agreement [Abstract]	'	'
Tangible net worth as financial covenant, minimum	$6,000,000	'
Debt instrument, reference rate	'one-month LIBOR rate	'

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	21-May-15	Nov. 21, 2014	21-May-14
Stock-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Stock-based compensation arrangement, expected dividend rate (in hundredths)	0.00%	'	'	'
Unrecognized compensation expense	$172,000	'	'	'
Plan modification, options vested immediately	'	'	'	7,500
Plan modification, restricted shares vesting in six months	'	'	1,470	'
Plan modification, restricted shares vesting in one year	'	1,470	'	'
March 2014 Option Grant [Member]	'	'	'	'
Stock-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Stock-based compensation, shares granted options to purchase (in shares)	24,576	'	'	'
Exercise price of stock options granted (in dollars per share)	$5.82	'	'	'
Percentage of shares vested on first anniversary of the grant date (in hundredths)	30.00%	'	'	'
Percentage of shares vested on second anniversary of the grant date (in hundredths)	30.00%	'	'	'
Percentage of shares vested on third anniversary of the grant date (in hundredths)	40.00%	'	'	'
Stock option, expiration date	13-Mar-19	'	'	'
Grant date fair value	$1.88	'	'	'
June 2014 Option Grant [Member]	'	'	'	'
Stock-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Stock-based compensation, shares granted options to purchase (in shares)	75,000	'	'	'
Exercise price of stock options granted (in dollars per share)	$4.90	'	'	'
Percentage of shares vested on grant date	60.00%	'	'	'
Percentage of shares vested on second anniversary of the grant date (in hundredths)	20.00%	'	'	'
Percentage of shares vested on third anniversary of the grant date (in hundredths)	20.00%	'	'	'
Stock option, expiration date	11-Jun-19	'	'	'
Grant date fair value	$1.48	'	'	'

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings (Loss) Per Share [Abstract]	'	'	'	'
Shares of common stock excluded from computation of diluted earnings per share (in shares)	247,493	192,401	247,493	192,401

Warrant_Dividend_Details

Warrant Dividend (Details) (USD $)	3 Months Ended
	Jun. 30, 2014
Warrant Dividend [Abstract]	'
Dividend declaration date	6-Aug-13
Dividend date of record	29-Jul-13
Number of warrants received for each share of common stock (in shares)	5
Number of warrants that entitle holder to purchase one share of common stock (in shares)	25
Warrant exercise price (in dollars per share)	$7.50
Minimum volume weighted average price per share (in dollars per share)	$15

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Equity securities [Member]	'	'
Assets measured at fair value on recurring basis [Abstract]	'	'
Fair value assets	$64	$61
U.S. Treasury securities [Member]	'	'
Assets measured at fair value on recurring basis [Abstract]	'	'
Fair value assets	4,739	5,589
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity securities [Member]	'	'
Assets measured at fair value on recurring basis [Abstract]	'	'
Fair value assets	64	61
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury securities [Member]	'	'
Assets measured at fair value on recurring basis [Abstract]	'	'
Fair value assets	4,739	5,589
Significant Other Observable Inputs (Level 2) [Member] | Equity securities [Member]	'	'
Assets measured at fair value on recurring basis [Abstract]	'	'
Fair value assets	0	0
Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasury securities [Member]	'	'
Assets measured at fair value on recurring basis [Abstract]	'	'
Fair value assets	0	0
Significant Unobservable Inputs (Level 3) [Member] | Equity securities [Member]	'	'
Assets measured at fair value on recurring basis [Abstract]	'	'
Fair value assets	0	0
Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasury securities [Member]	'	'
Assets measured at fair value on recurring basis [Abstract]	'	'
Fair value assets	$0	$0

Foreign_Revenues_Details

Foreign Revenues (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Hong Kong [Member]	'	'	'	'
Foreign revenues [Abstract]	'	'	'	'
Total foreign revenues	$225	$494	'	'
China [Member]	'	'	'	'
Foreign revenues [Abstract]	'	'	'	'
Total foreign revenues	765	907	1,616	2,388
Malaysia [Member]	'	'	'	'
Foreign revenues [Abstract]	'	'	'	'
Total foreign revenues	882	1,074	1,680	1,781
Thailand [Member]	'	'	'	'
Foreign revenues [Abstract]	'	'	'	'
Total foreign revenues	'	'	326	1,025
All other foreign countries [Member]	'	'	'	'
Foreign revenues [Abstract]	'	'	'	'
Total foreign revenues	753	926	1,620	1,820
Total Foreign Countries [Member]	'	'	'	'
Foreign revenues [Abstract]	'	'	'	'
Total foreign revenues	$2,625	$3,401	$5,242	$7,014

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Deferred tax assets [Abstract]	'	'	'	'	'
Federal tax loss carry-forwards	'	'	'	'	$7,607,000
State tax loss carry-forward	'	'	'	'	14,559,000
(Provision) benefit for income taxes [Abstract]	'	'	'	'	'
(Provision) benefit for income taxes	0	-4,135,000	0	-3,922,000	'
Federal and State Authorities [Member]	'	'	'	'	'
Tax Credit Carryforward [Line Items]	'	'	'	'	'
Expiration date	31-Dec-33	'	'	'	'
Research and development credit carryforwards [Member]	'	'	'	'	'
Tax Credit Carryforward [Line Items]	'	'	'	'	'
Tax credit carryforward amount	'	'	'	'	1,178,000
Research and development credit carryforwards [Member] | Minimum [Member]	'	'	'	'	'
Tax Credit Carryforward [Line Items]	'	'	'	'	'
Expiration date	31-Dec-20	'	'	'	'
Research and development credit carryforwards [Member] | Maximum [Member]	'	'	'	'	'
Tax Credit Carryforward [Line Items]	'	'	'	'	'
Expiration date	31-Dec-33	'	'	'	'
Foreign tax credit carryforwards [Member]	'	'	'	'	'
Tax Credit Carryforward [Line Items]	'	'	'	'	'
Tax credit carryforward amount	'	'	'	'	$359,000
Foreign tax credit carryforwards [Member] | Minimum [Member]	'	'	'	'	'
Tax Credit Carryforward [Line Items]	'	'	'	'	'
Expiration date	31-Dec-18	'	'	'	'
Foreign tax credit carryforwards [Member] | Maximum [Member]	'	'	'	'	'
Tax Credit Carryforward [Line Items]	'	'	'	'	'
Expiration date	31-Dec-20	'	'	'	'

Related_Party_Transactions_Det

Related Party Transactions (Details) (Director [Member], USD $)	Jun. 30, 2014	Jun. 30, 2013
Director [Member]	'	'
Related Party Transaction [Line Items]	'	'
Amount invested in United States Treasury money market funds	$4,739,000	$5,589,000
Percentage of stockholders controlled by entity (in hundredths)	10.00%	10.00%

Restructuring_Charges_Details

Restructuring Charges (Details) (USD $)	6 Months Ended	3 Months Ended		6 Months Ended	3 Months Ended		6 Months Ended	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	27-May-14	Jun. 30, 2014	Jun. 30, 2014	27-May-14	Jun. 30, 2014	Jun. 30, 2014	27-May-14
	2013 Restructure [Member]	2014 Q2 Restructure [Member]	2014 Q2 Restructure [Member]	Employee Related [Member]	Employee Related [Member]	Employee Related [Member]	Other [Member]	Other [Member]	Other [Member]
				2013 Restructure [Member]	2014 Q2 Restructure [Member]	2014 Q2 Restructure [Member]	2013 Restructure [Member]	2014 Q2 Restructure [Member]	2014 Q2 Restructure [Member]
Restructuring Reserve [Roll Forward]	'	'	'	'	'	'	'	'	'
Restructuring Reserve, Beginning Balance	$70,000	'	$397,000	$19,000	'	$334,000	$51,000	'	$63,000
Restructuring Reserve, Settled with Cash	-67,000	-50,000	'	-19,000	-42,000	'	-48,000	-8,000	'
Restructuring Reserve, Ending Balance	$3,000	$347,000	$397,000	$0	$292,000	$334,000	$3,000	$55,000	$63,000