National Presto Industries (NPK) 10-K 13 Mar 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 01, 2023	Jul. 03, 2022
Document Information [Line Items]
Entity Central Index Key	0000080172
Entity Registrant Name	NATIONAL PRESTO INDUSTRIES INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	1-2451
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-0494170
Entity Address, Address Line One	3925 North Hastings Way
Entity Address, City or Town	Eau Claire
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	54703-3703
City Area Code	715
Local Phone Number	839-2121
Title of 12(b) Security	$1.00 par value common stock
Trading Symbol	NPK
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 336,537,245
Entity Common Stock, Shares Outstanding		7,065,047
Auditor Name	RSM US LLP
Auditor Location	Milwaukee, Wisconsin
Auditor Firm ID	49

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 70,711,000	$ 109,805,000
Marketable securities	24,863,000	34,190,000
Accounts receivable	71,362,000	53,715,000
Less allowance for doubtful accounts	338,000	338,000
Accounts receivable, net	71,024,000	53,377,000
Inventories:
Finished goods	36,249,000	40,624,000
Work in process	105,564,000	92,437,000
Raw materials and supplies	10,324,000	10,800,000
Inventory, net	152,137,000	143,861,000
Notes receivable, current	2,226,000	2,330,000
Other current assets	5,671,000	4,490,000
Total current assets	326,632,000	348,053,000
PROPERTY, PLANT AND EQUIPMENT:
Land and land improvements	4,542,000	3,036,000
Buildings	50,904,000	49,467,000
Machinery and equipment	49,979,000	46,070,000
Property, Plant and Equipment, Gross, Ending Balance	105,425,000	98,573,000
Less allowance for depreciation and amortization	63,634,000	61,850,000
Property, plant, and equipment, net	41,791,000	36,723,000
GOODWILL	18,573,000	15,317,000
INTANGIBLE ASSETS, net	6,926,000	2,624,000
RIGHT-OF-USE LEASE ASSETS	10,731,000	10,161,000
DEFERRED INCOME TAXES	5,506,000	4,642,000
OTHER ASSETS	1,688,000	2,878,000
Assets, Total	411,847,000	420,398,000
CURRENT LIABILITIES:
Accounts payable	34,604,000	32,759,000
Federal and state income taxes	2,552,000	3,163,000
Lease liabilities	577,000	546,000
Accrued liabilities	15,908,000	16,691,000
Total current liabilities	53,641,000	53,159,000
LEASE LIABILITIES - NON-CURRENT	10,154,000	9,616,000
Total liabilities	63,795,000	62,775,000
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Outstanding: 7,062,872 and 7,042,274 shares at December 31, 2022 and 2021, respectively	7,441,000	7,441,000
Paid-in capital	14,799,000	13,743,000
Retained earnings	338,071,000	349,198,000
Accumulated other comprehensive income	(103,000)	20,000
Stockholders' Equity before Treasury Stock	360,208,000	370,402,000
Less treasury stock, at cost, 377,646 and 398,244 shares at December 31, 2022 and 2021, respectively	12,156,000	12,779,000
Total stockholders' equity	348,052,000	357,623,000
Liabilities and Equity, Total	$ 411,847,000	$ 420,398,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	12,000,000	12,000,000
Common stock, shares issued (in shares)	7,440,518	7,440,518
Common stock, shares outstanding (in shares)	7,062,872	7,042,274
Treasury stock, shares (in shares)	377,646	398,244

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net sales	$ 321,623,000	$ 355,777,000	$ 352,627,000
Cost of sales	266,498,000	291,381,000	267,705,000
Gross profit	55,125,000	64,396,000	84,922,000
Selling and general expenses	27,121,000	34,153,000	28,505,000
Intangibles amortization	582,000	214,000	221,000
Impairments - goodwill and intangible assets	5,295,000	0	0
Operating profit	22,127,000	30,029,000	56,196,000
Other income	3,817,000	2,430,000	3,792,000
Earnings before provision for income taxes	25,944,000	32,459,000	59,988,000
Provision for income taxes	5,245,000	6,805,000	13,030,000
Net earnings	$ 20,699,000	$ 25,654,000	$ 46,958,000
Weighted average common shares outstanding:
Basic and diluted (in shares)	7,081	7,060	7,038
Earnings per share, basic and diluted:
Net earnings per share (in dollars per share)	$ 2.92	$ 3.63	$ 6.67
Comprehensive income:
Net earnings	$ 20,699,000	$ 25,654,000	$ 46,958,000
Other comprehensive income, net of tax:
Unrealized gain on available-for-sale securities, net of tax	(123,000)	(134,000)	18,000
Comprehensive income	$ 20,576,000	$ 25,520,000	$ 46,976,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net earnings	$ 20,699,000	$ 25,654,000	$ 46,958,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Provision for depreciation	2,765,000	2,764,000	2,784,000
Intangibles amortization	582,000	214,000	221,000
Deferred income tax (benefit)	(2,311,000)	(1,612,000)	(1,718,000)
Provision for doubtful notes and accounts receivable	0	7,665,000	0
Loss on disposal of property, plant and equipment	463,000	493,000	2,000
Loss on impairment	5,295,000	0	0
Proceeds from insurance claim	151,000	823,000	0
Noncash retirement plan expense	803,000	752,000	721,000
Gain on bargain purchase	(492,000)	0	0
Other	514,000	100,000	131,000
Changes in operating accounts, net of effects of acquisition:
Accounts receivable, net	(12,903,000)	1,083,000	(12,203,000)
Inventories	(5,620,000)	(10,139,000)	(6,952,000)
Other assets and current assets	147,000	9,737,000	(5,655,000)
Accounts payable and accrued liabilities	(676,000)	(1,232,000)	15,706,000
Federal and state income taxes receivable/payable	(649,000)	(1,614,000)	978,000
Net cash provided by operating activities	8,768,000	34,688,000	40,973,000
Cash flows from investing activities:
Marketable securities purchased	(20,024,000)	(3,918,000)	(48,047,000)
Marketable securities - maturities and sales	29,195,000	38,539,000	57,823,000
Purchase of property, plant and equipment	(1,030,000)	(2,866,000)	(2,621,000)
Proceeds from notes receivable	106,000	543,000	0
Acquisition of businesses, net of cash acquired	(24,683,000)	0	0
Proceeds from insurance claim	0	250,000	0
Net cash provided by (used in) investing activities	(16,436,000)	32,548,000	7,155,000
Cash flows from financing activities:
Dividends paid	(31,826,000)	(44,083,000)	(42,172,000)
Proceeds from sale of treasury stock	436,000	571,000	528,000
Other	(36,000)	45,000	(27,000)
Net cash used in financing activities	(31,426,000)	(43,467,000)	(41,671,000)
Net increase (decrease) in cash and cash equivalents	(39,094,000)	23,769,000	6,457,000
Cash and cash equivalents at beginning of year	109,805,000	86,036,000	79,579,000
Cash and cash equivalents at end of year	70,711,000	109,805,000	86,036,000
Supplemental disclosures of cash flow information:
Income taxes	$ 8,208,000	$ 10,071,000	$ 13,803,000

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2019	7,006,000
Balance at Dec. 31, 2019	$ 7,441	$ 11,447	$ 362,842	$ 136	$ (13,909)	$ 367,957
Net earnings			46,958			46,958
Unrealized gain on available-for-sale securities, net of tax				18		18
Dividends			(42,172)			(42,172)
Other (in shares)	19,000
Other		991	(1)		597	1,587
Unrealized loss on available-for-sale securities, net of tax				18		18
Balance (in shares) at Dec. 31, 2020	7,025,000
Balance at Dec. 31, 2020	$ 7,441	12,438	367,627	154	(13,312)	374,348
Net earnings			25,654			25,654
Unrealized gain on available-for-sale securities, net of tax				(134)		(134)
Dividends			(44,083)			(44,083)
Other (in shares)	17,000
Other		1,305	0		533	1,838
Unrealized loss on available-for-sale securities, net of tax				(134)		$ (134)
Balance (in shares) at Dec. 31, 2021	7,042,000					7,042,274
Balance at Dec. 31, 2021	$ 7,441	13,743	349,198	20	(12,779)	$ 357,623
Net earnings			20,699			20,699
Unrealized gain on available-for-sale securities, net of tax				(123)		(123)
Dividends			(31,826)			(31,826)
Other (in shares)	21,000
Other		1,056			623	1,679
Unrealized loss on available-for-sale securities, net of tax				(123)		$ (123)
Balance (in shares) at Dec. 31, 2022	7,063,000					7,062,872
Balance at Dec. 31, 2022	$ 7,441	$ 14,799	$ 338,071	$ (103)	$ (12,156)	$ 348,052

Consolidated Statements Of St_2

Consolidated Statements Of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Regular dividends per share (in dollars per share)	$ 1	$ 1	$ 1
Extra dividends per share (in dollars per share)	$ 3.50	$ 5.25	$ 5

Note A - Summary of Significant

Note A - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:  ( 1  ( 2   ( 3 19 19 19 2023 ( 4 not ( 5 820, Fair Value Measurements and Disclosures 820 three 1, 2, 3, no  The carrying amount for cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximates fair value due to the immediate or short-term maturity of these financial instruments. The fair value of marketable securities are discussed in Note A( 6  ( 6  Cash and Cash Equivalents: three may 1, 820  The Company's cash management policy provides for its bank disbursement accounts to be reimbursed on a daily basis. Checks issued but not December 31, 2022 2021  Marketable Securities: three  At December 31, 2022 2021 December 31 2, 820, not  (In thousands) MARKETABLE SECURITIES Amortized Cost Fair Value Gross Unrealized Gains Gross Unrealized Losses December 31, 2022 Fixed Rate Municipal Bonds $ 11,460 $ 11,405 $ - $ 58 Certificates of Deposit 9,895 9,820 22 94 Variable Rate Demand Notes 3,638 3,638 - - Total Marketable Securities $ 24,993 $ 24,863 $ 22 $ 152 December 31, 2021 Fixed Rate Municipal Bonds $ 8,737 $ 8,763 $ 31 $ 5 Variable Rate Demand Notes 25,427 25,427 - - Total Marketable Securities $ 34,164 $ 34,190 $ 31 $ 5  Proceeds from sales and maturities of marketable securities totaled $29,195,000 in 2022 2021 2020 no December 31, 2022, 2021 2020 December 31, 2022 2021 2020 No  The contractual maturities of the marketable securities held at December 31, 2022 one one five five ten five seven not  ( 7 not may  ( 8 first first first  ( 9 may not December 31, 2022 December 31, 2022  ( 10 fourth not fourth 2022, one 2022 No 2021 2020  The Company's goodwill as of December 31, 2022 December 31, 2021, 2022, (In thousands) GOODWILL Amtec Amron Woodlawn OneEvent Total Balance as of December 31, 2021 $ 3,556 $ 7,929 $ - $ 3,832 $ 15,317 Additions 7,088 7,088 Less: Impairments (3,832 ) (3,832 ) Balance as of December 31, 2022 $ 3,556 $ 7,929 $ 7,088 $ - $ 18,573  ( 11  Intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not fourth 2022 2022 no 2021 2020  The following shows the gross carrying amounts of the intangible assets and accumulated amortization at December 31, 2022 2021 (In thousands) INTANGIBLE ASSETS Technology Software and Other Contracts/ Customer Relationships Trade Secrets Total December 31, 2022 Gross Carrying Amount $ 290 $ 6,058 $ 1,000 $ 7,348 Accumulated Amortization (97 ) (325 ) - (422 ) Net intangible assets $ 193 $ 5,733 $ 1,000 $ 6,926 December 31, 2021 Gross Carrying Amount $ 2,141 $ - $ 1,000 $ 3,141 Accumulated Amortization (517 ) - - (517 ) Net intangible assets $ 1,624 $ - $ 1,000 $ 2,624 The Company estimates it will record amortization expense for the succeeding years as follows: Years ending December 31: (In thousands) 2023 $ 1,708 2024 1,515 2025 1,515 2026 1,188 2027 - $ 5,926 Amortization expense was $582,000, $214,000, and $221,000 during the years ended December 31, 2022 2021 2020  ( 12 two December 31, 2022 2021 December 31, 2022 2021 twelve  ( 13 606, Revenue from Contracts with Customers one  The Company's contracts in the Defense segment are primarily with the U.S. Department of Defense (DOD) and DOD prime contractors. As a consequence, this segment's business essentially depends on the product needs and governmental funding of the DOD. Substantially all of the work performed by the Defense segment directly or indirectly for the DOD is performed on a fixed-price basis. Under fixed-price contracts, the price paid to the contractor is awarded based on competition or negotiation at the outset of the contract and therefore, with the exception of limited escalation provisions on specific materials, is generally not  For the Housewares/Small Appliance segment, revenue is generally recognized as the completed, ordered product is shipped to the customer from the Company’s warehouses. For the situations in which revenue should be recognized when product is received by the customer, the Company adjusts revenue accordingly. For the year ended December 31, 2020, December 31, 2021 may  The timing of revenue recognition, billings, and cash collections results in billed accounts receivable, and customer advances and deposits (contract liabilities) on the Company’s Consolidated Balance Sheets. For the Defense segment, the Company occasionally receives advances or deposits from certain customers before revenue is recognized, resulting in contract liabilities. These advances or deposits do not December 31, 2022 2021 2022, 2021, 2020 2022, 2021, 2020 no no December 31, 2022 2021 one  The Company’s principal sources of revenue are derived from two  ( 14 2022, 2021, 2020  ( 15  The product warranty liability is included in accounts payable on the balance sheet. The following table shows the changes in product warranty liability for the period:  (In thousands) Year Ended December 31 2022 2021 Beginning balance January 1 $ 218 $ 241 Accruals during the period 3,026 814 Charges / payments made under the warranties (2,723 ) (837 ) Balance December 31 $ 521 $ 218  ( 16 718, Compensation — Stock Compensation 718,  ( 17 not not 740, Income Taxes  ( 18 The Company assesses the impacts of adopting recently issued accounting standards by the Financial Accounting Standards Board on the Company's financial statements, and updates previous assessments, as necessary, from the Company's Quarterly Report on Form 10 October 2, 2022. no December 31, 2022   

Note B - Inventories

Note B - Inventories	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	B. INVENTORIES: The amount of inventories valued on the LIFO basis was $32,994,000 and $35,804,000 as of December 31, 2022 2021 first first December 31, 2022 2021 December 31, 2022 2021 2020  The following table describes that which would have occurred if LIFO inventories had been valued at current cost determined on a FIFO basis:  Increase (Decrease) – (In thousands, except per share data) Year Cost of Sales Net Earnings Earnings Per Share 2022 $ 4,925 $ (3,925 ) $ (0.55 ) 2021 $ (9,745 ) $ 7,698 $ 1.09 2020 $ (447 ) $ 349 $ 0.05  This information is provided for comparison with companies using the FIFO basis.  Inventory for the Defense segment, certain products for the Safety segment, and raw materials and certain prepaid products of the Housewares/Small Appliance segment are valued under the FIFO method and total $119,144,000 and $108,057,000 at December 31, 2022 2021 December 31, 2022 December 31, 2021 

Note C - Accrued Liabilities

Note C - Accrued Liabilities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	C. ACCRUED LIABILITIES: At December 31, 2022 December 31, 2021  The Company is self-insured for health care costs, although it does carry stop loss and other insurance to cover health care claims once they reach a specified threshold. The Company is also subject to product liability claims in the normal course of business. It is partly self-insured for product liability claims, and therefore records an accrual for known claims and estimated incurred but unreported claims in the Company’s Consolidated Financial Statements. The Company utilizes historical trends and other analysis to assist in determining the appropriate accrual. An increase in the number or magnitude of claims could have a material impact on the Company’s financial condition and results of operations. The Company's policy is to accrue for legal fees expected to be incurred in connection with loss contingencies. See Note K for a discussion of environmental remediation liabilities. 

Note D - Treasury Stock

Note D - Treasury Stock	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Treasury Stock [Text Block]	D. TREASURY STOCK: As of December 31, 2022 2022, 2021, 2020 401 

Note E - Net Earnings Per Share

Note E - Net Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	E. NET EARNINGS PER SHARE: Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. Diluted earnings per share also includes the dilutive effect of additional potential common shares issuable. Unvested stock awards, which contain non-forfeitable rights to dividends, whether paid or unpaid (“participating securities”), are included in the number of shares outstanding for both basic and diluted earnings per share calculations. 

Note F - Stock-based Compensati

Note F - Stock-based Compensation	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	F. STOCK-BASED COMPENSATION: The Company, from time to time, enters into separate non-vested share-based payment arrangements with employees and executive officers under the Incentive Compensation Plan approved by stockholders on May 18, 2010 2017 May 16, 2017, 2017 2010 2010 no  During 2022, 2021, 2020 2028,  The Company recognized pre-tax compensation expense in the Consolidated Statements of Comprehensive Income related to stock-based compensation of $476,000, $469,000, and $366,000 in 2022, 2021, 2020 December 31, 2022 2022, 2021, 2020  The following table summarizes the activity for non-vested restricted stock:  2022 2021 2020 Shares Weighted Average Fair Value at Grant Date Shares Weighted Average Fair Value at Grant Date Shares Weighted Average Fair Value at Grant Date Non-vested at beginning of period 28,934 $ 95.54 22,721 $ 96.82 18,604 $ 93.23 Granted 7,271 70.72 9,238 90.01 7,310 89.84 Vested (3,482 ) 100.05 (2,981 ) 88.23 (3,193 ) 59.94 Forfeited (387 ) 93.91 (44 ) 88.41 0 - Non-vested at end of period 32,336 $ 89.49 28,934 $ 95.54 22,721 $ 96.82 

Note G - 401(k) Plan

Note G - 401(k) Plan	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Retirement Benefits [Text Block]	G. 401 The Company sponsors a 401 first 2004, first 2022 2021 2020 2022 2021 2020 401 401 December 31, 2022 2021 2020 

Note H - Income Taxes

Note H - Income Taxes	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H. INCOME TAXES: The following table summarizes the provision for income taxes: For Years Ended December 31 (in thousands) 2022 2021 2020 Current: Federal $ 7,389 $ 6,675 $ 12,932 State 167 1,742 1,816 7,556 8,417 14,748 Deferred: Federal (2,157 ) (819 ) (1,210 ) State (154 ) (793 ) (508 ) (2,311 ) (1,612 ) (1,718 ) Total tax provision $ 5,245 $ 6,805 $ 13,030  The effective rate of the provision for income taxes on earnings before income taxes as shown in the Consolidated Statements of Comprehensive Income differs from the applicable statutory federal income tax rate for the following reasons:  Percent of Pre-tax Income 2022 2021 2020 Statutory rate 21.0 % 21.0 % 21.0 % State tax, net of federal benefit 0.0 % 2.3 % 1.7 % Research and development credit (2.1 %) (2.0 %) (1.0 %) Adjustment for prior year estimates 1.2 % 0.1 % (0.1 %) Tax exempt interest and dividends (0.1 %) (0.1 %) (0.1 %) Other 0.2 % (0.3 %) 0.2 % Effective rate 20.2 % 21.0 % 21.7 %  Deferred tax assets and liabilities are recorded based on the differences between the tax basis of assets and liabilities and their carrying amounts for financial reporting purposes. The tax effects of the cumulative temporary differences resulting in deferred tax assets and liabilities are as follows at December 31: (In thousands) 2022 2021 Deferred tax assets State NOL and tax credit carryforwards $ 2,336 $ 2,153 Doubtful accounts 1,933 1,928 Research and development expenses 1,284 - Insurance (primarily product liability) 1,142 1,073 Inventory 1,095 803 Vacation 908 855 Other 1,457 1,502 Subtotal 10,155 8,314 Less: valuation allowance 1,960 1,695 Total deferred tax assets 8,195 6,619 Deferred tax liabilities Goodwill and other intangibles 2,157 1,974 Depreciation 532 - Deferred revenue - 3 Total deferred tax liabilities 2,689 1,977 Net deferred tax assets $ 5,506 $ 4,642  Management assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of the existing deferred tax assets. The Company believes it is more likely than not not three December 31, 2022 On the basis of this evaluation, as of December 31, 2022 2021, 2034 2042. no  The Company establishes tax reserves in accordance with FASB ASC 740, Income Taxes December 31, 2022  The following is a reconciliation of the Company’s unrecognized tax benefits for the years ended December 31, 2022 2021  (In thousands) 2022 2021 Balance at January 1 $ 2,375 $ 2,521 Increases for tax positions taken related to the current year 628 336 Increases for tax positions taken related to prior years 32 30 Lapse of statute of limitations (577 ) (512 ) Balance at December 31 $ 2,458 $ 2,375  It is the Company’s practice to include tax related interest expense, interest income, and penalties in tax expense. During the years ended December 31, 2022, 2021 2020  The Company is subject to U.S. federal income tax as well as income taxes of multiple states. Tax years 2019 

Note I - Commitments and Contin

Note I - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	I. COMMITMENTS AND CONTINGENCIES: The Company is involved in largely routine litigation incidental to its business. Management believes the ultimate outcome of this litigation will not In the state of Mississippi, inventory that is shipped out of state that is held in a licensed Free Port Warehouse is exempt from personal property taxes. One of the Company's subsidiaries operates in Hinds County, Mississippi. That subsidiary has submitted its Hinds County Free Port Warehouse tax filing for nearly 40 June 2020, no seven not 450 Contingencies December 31, 2022 

Note J - Concentrations

Note J - Concentrations	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	J. CONCENTRATIONS: In the Housewares/Small Appliance segment, there were no December 31, 2022 10% December 31, 2021 December 31, 2020  The Company sources most of its housewares/small appliances and certain safety products from vendors in the Orient and, as a result, risks deliveries from the Orient being disrupted by labor or supply problems at the vendors, or transportation delays. Should such problems or delays materialize, products might not no  The Company's Defense segment manufactures products primarily for the U.S. Department of Defense (DOD) and DOD prime contractors. As a consequence, this segment's future business essentially depends on the product needs and governmental funding of the DOD. During 2022, 2021, 2020 not 40mm third not December 31, 2022 February 28, 2025. 

Note K - Environmental

Note K - Environmental	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Environmental Loss Contingency Disclosure [Text Block]	K. ENVIRONMENTAL In May 1986, 1980 December 31, 1998, may 1960s 1970s. December 31, 2022 not  Based on factors known as of December 31, 2022 not December 31, 2022 2021  Expected future payments for environmental matters are as follows:  (In thousands) Years Ending December 31: 2023 $ 190 2024 129 2025 119 2026 108 2027 97 Thereafter 278 $ 921 

Note L - Business Segments

Note L - Business Segments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	L. BUSINESS SEGMENTS: The Company operates in three business segments. The Company identifies its segments based on the Company's organization structure, which is primarily by principal products. The principal product groups are Housewares/Small Appliance, Defense, and Safety. Sales for all segments are primarily to customers in North America.  The Housewares/Small Appliance segment designs, markets, and distributes housewares and small appliances. The housewares/small appliance products are sold primarily in the United States and Canada directly to retail outlets and also through independent distributors. As more fully described in Note J, the Company primarily sources its Housewares/Small Appliance products from non-affiliated suppliers located in the Orient. Sales are seasonal, with the normal peak sales period occurring in the fourth  The Defense segment was started in 2001 2005, 2010, one 40mm five 2016, one 2017 2022, third fourth five 2001, 2003, 2006, 20 50mm 2011 October 2018, 2014, 2022,  The Safety segment was started in 2019 2014. 2019, July 29, 2022, 2019 (in thousands) Housewares / Small Appliance Defense Safety Total Year ended December 31, 2022 External net sales $ 118,347 $ 202,483 793 $ 321,623 Gross profit (loss) 17,422 42,638 (4,935 ) 55,125 Operating profit (loss) 5,262 31,644 (14,779 ) 22,127 Total assets 211,804 194,422 5,621 411,847 Depreciation and amortization 975 1,613 391 2,979 Capital expenditures 527 393 110 1,030 Year ended December 31, 2021 External net sales $ 115,924 $ 239,514 339 $ 355,777 Gross profit (loss) 9,974 61,205 (6,783 ) 64,396 Operating profit (loss) (2,631 ) 51,216 (18,556 ) 30,029 Total assets 242,456 168,296 9,646 420,398 Depreciation and amortization 1,215 1,530 233 2,978 Capital expenditures 738 1,966 162 2,866 Year ended December 31, 2020 External net sales $ 117,645 $ 234,645 337 $ 352,627 Gross profit (loss) 24,206 62,561 (1,845 ) 84,922 Operating profit (loss) 10,371 52,810 (6,985 ) 56,196 Total assets 245,662 164,951 22,557 433,170 Depreciation and amortization 983 1,743 279 3,005 Capital expenditures 828 1,678 115 2,621 In the above summary, operating profit represents earnings before other income, income taxes. The Company's segments operate discretely from each other with no  

Note M - Leases

Note M - Leases	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	M. LEASES The Company accounts for leases under ASC Topic 842, one  The Company’s leases as lessee in its Defense segment provide for variable lease payments that are based on changes in the Consumer Price Index. As lessor, the Company’s primary lease also provides for variable lease payments that are also based on changes in the Consumer Price Index, as well as on increases in costs of insurance, real estate taxes, and utilities related to the leased space. Generally, all of the Company’s lease contracts provide for options to extend and terminate them. The majority of lease terms of the Company’s lease contracts recognized on the balance sheet reflect extension options, while none  The Company has determined that the incremental borrowing rates implicit in its leases are not Topic 842  12 Months Ending 12 Months Ending 12 Months Ending Summary of Lease Cost (in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Operating lease cost $ 1,079 $ 938 $ 729 Short-term and variable lease cost 169 252 452 Total lease cost $ 1,248 $ 1,190 $ 1,181  Rent expense was approximately $1,129,000, $1,076,000, and $1,182,000 for the years ended December 31, 2022 2021 2020 December 31, 2022 2020, 2019, December 31, 2022 Maturities of operating lease liabilities are as follows:  Years ending December 31: (In thousands) 2023 $ 873 2024 808 2025 796 2026 782 2027 782 Thereafter 13,626 Total lease payments $ 17,667 Less: future interest expense 6,936 Lease liabilities $ 10,731  Lease income from operating lease payments was $2,195,000, $1,971,000, $1,967,000 for the years ended December 31, 2022 2021 2020  Years ending December 31: (In thousands) 2023 $ 2,055 2024 2,055 2025 2,055 2026 2,055 2027 2,055 Thereafter 10,275 Total lease payments $ 20,550  The Company considers risk associated with the residual value of its leased real property to be low, given the nature of the long-term lease agreement, the Company’s ability to control the maintenance of the property, and the creditworthiness of the lessee. The residual value risk is further mitigated by the long-lived nature of the property, and the propensity of such assets to hold their value or, in some cases, appreciate in value. 

Note N - Interim Financial Info

Note N - Interim Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Quarterly Financial Information [Text Block]	N. INTERIM FINANCIAL INFORMATION (UNAUDITED):  The following represents quarterly unaudited financial information for 2022 2021  (In thousands, except per share data) Per Share (basic and diluted) Quarter Net Sales Gross Profit Net Earnings Net Earnings 2022 First $ 60,754 $ 9,711 $ 2,915 $ 0.41 Second 77,138 15,038 6,684 0.94 Third 69,683 17,062 8,927 1.26 Fourth 114,048 13,314 2,173 0.31 Total $ 321,623 $ 55,125 $ 20,699 $ 2.92 2021 First $ 81,027 $ 18,361 $ 8,993 $ 1.28 Second 87,118 17,675 9,292 1.32 Third 87,225 11,230 4,129 0.58 Fourth 100,407 17,130 3,240 0.45 Total $ 355,777 $ 64,396 $ 25,654 $ 3.63  Fourth quarter sales are impacted by the holiday driven seasonality of the Housewares/Small Appliance segment. This segment typically orders/purchases inventory during the first three fourth 

Note O - Line of Credit and Com

Note O - Line of Credit and Commercial Letters of Credit	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Short-Term Debt [Text Block]	O. LINE OF CREDIT AND COMMERCIAL LETTERS OF CREDIT The Company maintained an unsecured line of credit for short term operating cash needs of $5,000,000 as of December 31, 2022 2021 no September 30, 2023. 30 one one December 31, 2022 2021 

Note P - Business Acquisition

Note P - Business Acquisition	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	P. BUSINESS ACQUISITIONS On July 29, 2022, 2019 The acquisition was accounted for under the acquisition method of accounting with the Company treated as the acquiring entity. Accordingly, the consideration paid by the Company to complete the acquisition has been recorded to the assets acquired and liabilities assumed based upon their estimated fair values as of the date of acquisition. The carrying values for current assets and liabilities were deemed to approximate their fair values due to the short-term nature of these assets and liabilities. The following table shows the amounts recorded as of their acquisition date.  (in thousands) Accounts receivable 1,832 Inventories 1,274 Other current assets 7 Property, plant and equipment 868 Intangible assets 290 Right-of-use lease assets 1,126 Total assets acquired 5,397 Less: Current liabilities assumed (776 ) Less: Lease liability - noncurrent (1,004 ) Net assets acquired $ 3,617   The acquired intangibles primarily included trademarks and safety certifications that will be amortized over a period of two no 2022 December 31, 2022. On October 26, 2022, The acquisition was accounted for under the acquisition method of accounting with the Company treated as the acquiring entity. Accordingly, the consideration paid by the Company to complete the acquisition has been recorded to the assets acquired and liabilities assumed based upon their estimated fair values as of the date of acquisition. The carrying values for current assets and liabilities were deemed to approximate their fair values due to the short-term nature of these assets and liabilities. The following table shows the amounts recorded as of their acquisition date. The fair value estimates are pending completion of several elements, including the final review by the Company. Accordingly, until the fair values are final, there could be material adjustments to the Company’s consolidated financial statements, including changes to depreciation and amortization expense related to the valuation of property and equipment and intangible assets acquired and their respective useful lives, among other adjustments. (in thousands) Accounts receivable 2,136 Inventories 2,309 Other current assets 130 Property, plant and equipment 6,400 Intangible assets 6,058 Goodwill 7,088 Total assets acquired 24,121 Less: Current liabilities assumed (1,084 ) Less: Deferred tax liability (1,479 ) Net assets acquired $ 21,558 The acquired intangible assets primarily include customer contracts and will be amortized over a period of four not 2022 December 31, 2022. The following pro forma condensed consolidated results of operations has been prepared as if the acquisitions had occurred as of January 1, 2021. (unaudited) (unaudited) (in thousands, except per share data) (in thousands, except per share data) Year Ended Year Ended 12/31/2022 12/31/2021 Net sales $ 340,140 $ 371,058 Net earnings 19,299 24,088 Net earnings per share (basic and diluted) $ 2.92 $ 3.63 Weighted average shares outstanding (basic and diluted) 7,081 7,060 The unaudited pro forma financial information presented above is not not one not not

Note Q - Other

Note Q - Other	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Other Disclosure [Text Block]	Q. OTHER The Company had entered into a licensing agreement with another firm that holds intellectual property in the Rusoh® self-service/self-reloadable fire extinguisher. Under the agreement, the Company had advanced the entity funds and agreed to pay royalties to the entity on the commercial sales of the developed products. The fire extinguisher was introduced to the commercial market in 2017 2021, December 31, 2021. December 31, 2021. 

Note R - Subsequent Event

Note R - Subsequent Event	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	The Company evaluates events that occur through the filing date and discloses any material events or transactions.  On February 17, 2023, March 15, 2023, March 1, 2023. 

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	 SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS  For the Years Ended December 31, 2022, 2021 2020  (In thousands) Column A Column B Column C Column D Column E Description Balance at Beginning of Period Additions - Charged to Costs and Expenses (A) Additions - Charged to Other Accounts (B) Deductions (C) Balance at End of Period Deducted from assets: Allowance for doubtful accounts: Year ended December 31, 2022 $ 338 $ - $ - $ - $ 338 Year ended December 31, 2021 $ 312 $ 50 $ - $ 24 $ 338 Year ended December 31, 2020 $ 450 $ - $ - $ 138 $ 312 Allowance for doubtful note receivable: Year ended December 31, 2022 $ 7,615 $ - $ - $ - $ 7,615 Year ended December 31, 2021 $ - $ 7,615 $ - $ - $ 7,615 Year ended December 31, 2020 $ - $ - $ - $ - $ - Valuation allowance for deferred tax assets: Year ended December 31, 2022 $ 1,695 $ 265 $ - $ - $ 1,960 Year ended December 31, 2021 $ 520 $ 1,175 $ - $ - $ 1,695 Year ended December 31, 2020 $ - $ 520 $ - $ - $ 520  Notes: (A) Amounts charged to selling and general expenses or provision for income taxes from continuing operations. (B) Amounts charged to other accounts. (C) Principally bad debts written off, net of recoveries.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	( 1 
Consolidation, Policy [Policy Text Block]	( 2  
COVID-19 [Policy Text Block]	( 3 19 19 19 2023
Reclassification, Comparability Adjustment [Policy Text Block]	( 4 not
Fair Value of Financial Instruments, Policy [Policy Text Block]	( 5 820, Fair Value Measurements and Disclosures 820 three 1, 2, 3, no  The carrying amount for cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximates fair value due to the immediate or short-term maturity of these financial instruments. The fair value of marketable securities are discussed in Note A( 6 
Cash, Cash Equivalents and Marketable Securities [Policy Text Block]	( 6  Cash and Cash Equivalents: three may 1, 820  The Company's cash management policy provides for its bank disbursement accounts to be reimbursed on a daily basis. Checks issued but not December 31, 2022 2021  Marketable Securities: three  At December 31, 2022 2021 December 31 2, 820, not  (In thousands) MARKETABLE SECURITIES Amortized Cost Fair Value Gross Unrealized Gains Gross Unrealized Losses December 31, 2022 Fixed Rate Municipal Bonds $ 11,460 $ 11,405 $ - $ 58 Certificates of Deposit 9,895 9,820 22 94 Variable Rate Demand Notes 3,638 3,638 - - Total Marketable Securities $ 24,993 $ 24,863 $ 22 $ 152 December 31, 2021 Fixed Rate Municipal Bonds $ 8,737 $ 8,763 $ 31 $ 5 Variable Rate Demand Notes 25,427 25,427 - - Total Marketable Securities $ 34,164 $ 34,190 $ 31 $ 5  Proceeds from sales and maturities of marketable securities totaled $29,195,000 in 2022 2021 2020 no December 31, 2022, 2021 2020 December 31, 2022 2021 2020 No  The contractual maturities of the marketable securities held at December 31, 2022 one one five five ten five seven not 
Receivable [Policy Text Block]	( 7 not may 
Inventory, Policy [Policy Text Block]	( 8 first first first 
Property, Plant and Equipment, Policy [Policy Text Block]	( 9 may not December 31, 2022 December 31, 2022 
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	( 10 fourth not fourth 2022, one 2022 No 2021 2020  The Company's goodwill as of December 31, 2022 December 31, 2021, 2022, (In thousands) GOODWILL Amtec Amron Woodlawn OneEvent Total Balance as of December 31, 2021 $ 3,556 $ 7,929 $ - $ 3,832 $ 15,317 Additions 7,088 7,088 Less: Impairments (3,832 ) (3,832 ) Balance as of December 31, 2022 $ 3,556 $ 7,929 $ 7,088 $ - $ 18,573 
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	( 11  Intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not fourth 2022 2022 no 2021 2020  The following shows the gross carrying amounts of the intangible assets and accumulated amortization at December 31, 2022 2021 (In thousands) INTANGIBLE ASSETS Technology Software and Other Contracts/ Customer Relationships Trade Secrets Total December 31, 2022 Gross Carrying Amount $ 290 $ 6,058 $ 1,000 $ 7,348 Accumulated Amortization (97 ) (325 ) - (422 ) Net intangible assets $ 193 $ 5,733 $ 1,000 $ 6,926 December 31, 2021 Gross Carrying Amount $ 2,141 $ - $ 1,000 $ 3,141 Accumulated Amortization (517 ) - - (517 ) Net intangible assets $ 1,624 $ - $ 1,000 $ 2,624 The Company estimates it will record amortization expense for the succeeding years as follows: Years ending December 31: (In thousands) 2023 $ 1,708 2024 1,515 2025 1,515 2026 1,188 2027 - $ 5,926 Amortization expense was $582,000, $214,000, and $221,000 during the years ended December 31, 2022 2021 2020 
Other Assets [Policy Text Block]	( 12 two December 31, 2022 2021 December 31, 2022 2021 twelve 
Revenue from Contract with Customer [Policy Text Block]	( 13 606, Revenue from Contracts with Customers one  The Company's contracts in the Defense segment are primarily with the U.S. Department of Defense (DOD) and DOD prime contractors. As a consequence, this segment's business essentially depends on the product needs and governmental funding of the DOD. Substantially all of the work performed by the Defense segment directly or indirectly for the DOD is performed on a fixed-price basis. Under fixed-price contracts, the price paid to the contractor is awarded based on competition or negotiation at the outset of the contract and therefore, with the exception of limited escalation provisions on specific materials, is generally not  For the Housewares/Small Appliance segment, revenue is generally recognized as the completed, ordered product is shipped to the customer from the Company’s warehouses. For the situations in which revenue should be recognized when product is received by the customer, the Company adjusts revenue accordingly. For the year ended December 31, 2020, December 31, 2021 may  The timing of revenue recognition, billings, and cash collections results in billed accounts receivable, and customer advances and deposits (contract liabilities) on the Company’s Consolidated Balance Sheets. For the Defense segment, the Company occasionally receives advances or deposits from certain customers before revenue is recognized, resulting in contract liabilities. These advances or deposits do not December 31, 2022 2021 2022, 2021, 2020 2022, 2021, 2020 no no December 31, 2022 2021 one  The Company’s principal sources of revenue are derived from two 
Advertising Cost [Policy Text Block]	( 14 2022, 2021, 2020 
Standard Product Warranty, Policy [Policy Text Block]	( 15  The product warranty liability is included in accounts payable on the balance sheet. The following table shows the changes in product warranty liability for the period:  (In thousands) Year Ended December 31 2022 2021 Beginning balance January 1 $ 218 $ 241 Accruals during the period 3,026 814 Charges / payments made under the warranties (2,723 ) (837 ) Balance December 31 $ 521 $ 218 
Share-Based Payment Arrangement [Policy Text Block]	( 16 718, Compensation — Stock Compensation 718, 
Income Tax, Policy [Policy Text Block]	( 17 not not 740, Income Taxes 
New Accounting Pronouncements, Policy [Policy Text Block]	( 18 The Company assesses the impacts of adopting recently issued accounting standards by the Financial Accounting Standards Board on the Company's financial statements, and updates previous assessments, as necessary, from the Company's Quarterly Report on Form 10 October 2, 2022. no December 31, 2022   

Note A - Summary of Significa_2

Note A - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	(In thousands) MARKETABLE SECURITIES Amortized Cost Fair Value Gross Unrealized Gains Gross Unrealized Losses December 31, 2022 Fixed Rate Municipal Bonds $ 11,460 $ 11,405 $ - $ 58 Certificates of Deposit 9,895 9,820 22 94 Variable Rate Demand Notes 3,638 3,638 - - Total Marketable Securities $ 24,993 $ 24,863 $ 22 $ 152 December 31, 2021 Fixed Rate Municipal Bonds $ 8,737 $ 8,763 $ 31 $ 5 Variable Rate Demand Notes 25,427 25,427 - - Total Marketable Securities $ 34,164 $ 34,190 $ 31 $ 5
Schedule of Goodwill [Table Text Block]	(In thousands) GOODWILL Amtec Amron Woodlawn OneEvent Total Balance as of December 31, 2021 $ 3,556 $ 7,929 $ - $ 3,832 $ 15,317 Additions 7,088 7,088 Less: Impairments (3,832 ) (3,832 ) Balance as of December 31, 2022 $ 3,556 $ 7,929 $ 7,088 $ - $ 18,573
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets [Table Text Block]	(In thousands) INTANGIBLE ASSETS Technology Software and Other Contracts/ Customer Relationships Trade Secrets Total December 31, 2022 Gross Carrying Amount $ 290 $ 6,058 $ 1,000 $ 7,348 Accumulated Amortization (97 ) (325 ) - (422 ) Net intangible assets $ 193 $ 5,733 $ 1,000 $ 6,926 December 31, 2021 Gross Carrying Amount $ 2,141 $ - $ 1,000 $ 3,141 Accumulated Amortization (517 ) - - (517 ) Net intangible assets $ 1,624 $ - $ 1,000 $ 2,624
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Years ending December 31: (In thousands) 2023 $ 1,708 2024 1,515 2025 1,515 2026 1,188 2027 - $ 5,926
Schedule of Product Warranty Liability [Table Text Block]	(In thousands) Year Ended December 31 2022 2021 Beginning balance January 1 $ 218 $ 241 Accruals during the period 3,026 814 Charges / payments made under the warranties (2,723 ) (837 ) Balance December 31 $ 521 $ 218

Note B - Inventories (Tables)

Note B - Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule Of Potential Impact Of LIFO Valuation to FIFO Valuation [Table Text Block]	Increase (Decrease) – (In thousands, except per share data) Year Cost of Sales Net Earnings Earnings Per Share 2022 $ 4,925 $ (3,925 ) $ (0.55 ) 2021 $ (9,745 ) $ 7,698 $ 1.09 2020 $ (447 ) $ 349 $ 0.05

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	2022 2021 2020 Shares Weighted Average Fair Value at Grant Date Shares Weighted Average Fair Value at Grant Date Shares Weighted Average Fair Value at Grant Date Non-vested at beginning of period 28,934 $ 95.54 22,721 $ 96.82 18,604 $ 93.23 Granted 7,271 70.72 9,238 90.01 7,310 89.84 Vested (3,482 ) 100.05 (2,981 ) 88.23 (3,193 ) 59.94 Forfeited (387 ) 93.91 (44 ) 88.41 0 - Non-vested at end of period 32,336 $ 89.49 28,934 $ 95.54 22,721 $ 96.82

Note H - Income Taxes (Tables)

Note H - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	For Years Ended December 31 (in thousands) 2022 2021 2020 Current: Federal $ 7,389 $ 6,675 $ 12,932 State 167 1,742 1,816 7,556 8,417 14,748 Deferred: Federal (2,157 ) (819 ) (1,210 ) State (154 ) (793 ) (508 ) (2,311 ) (1,612 ) (1,718 ) Total tax provision $ 5,245 $ 6,805 $ 13,030
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Percent of Pre-tax Income 2022 2021 2020 Statutory rate 21.0 % 21.0 % 21.0 % State tax, net of federal benefit 0.0 % 2.3 % 1.7 % Research and development credit (2.1 %) (2.0 %) (1.0 %) Adjustment for prior year estimates 1.2 % 0.1 % (0.1 %) Tax exempt interest and dividends (0.1 %) (0.1 %) (0.1 %) Other 0.2 % (0.3 %) 0.2 % Effective rate 20.2 % 21.0 % 21.7 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(In thousands) 2022 2021 Deferred tax assets State NOL and tax credit carryforwards $ 2,336 $ 2,153 Doubtful accounts 1,933 1,928 Research and development expenses 1,284 - Insurance (primarily product liability) 1,142 1,073 Inventory 1,095 803 Vacation 908 855 Other 1,457 1,502 Subtotal 10,155 8,314 Less: valuation allowance 1,960 1,695 Total deferred tax assets 8,195 6,619 Deferred tax liabilities Goodwill and other intangibles 2,157 1,974 Depreciation 532 - Deferred revenue - 3 Total deferred tax liabilities 2,689 1,977 Net deferred tax assets $ 5,506 $ 4,642
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	(In thousands) 2022 2021 Balance at January 1 $ 2,375 $ 2,521 Increases for tax positions taken related to the current year 628 336 Increases for tax positions taken related to prior years 32 30 Lapse of statute of limitations (577 ) (512 ) Balance at December 31 $ 2,458 $ 2,375

Note K - Environmental (Tables)

Note K - Environmental (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule Of Expected Future Payments Of Environmental Matters [Table Text Block]	(In thousands) Years Ending December 31: 2023 $ 190 2024 129 2025 119 2026 108 2027 97 Thereafter 278 $ 921

Note L - Business Segments (Tab

Note L - Business Segments (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(in thousands) Housewares / Small Appliance Defense Safety Total Year ended December 31, 2022 External net sales $ 118,347 $ 202,483 793 $ 321,623 Gross profit (loss) 17,422 42,638 (4,935 ) 55,125 Operating profit (loss) 5,262 31,644 (14,779 ) 22,127 Total assets 211,804 194,422 5,621 411,847 Depreciation and amortization 975 1,613 391 2,979 Capital expenditures 527 393 110 1,030 Year ended December 31, 2021 External net sales $ 115,924 $ 239,514 339 $ 355,777 Gross profit (loss) 9,974 61,205 (6,783 ) 64,396 Operating profit (loss) (2,631 ) 51,216 (18,556 ) 30,029 Total assets 242,456 168,296 9,646 420,398 Depreciation and amortization 1,215 1,530 233 2,978 Capital expenditures 738 1,966 162 2,866 Year ended December 31, 2020 External net sales $ 117,645 $ 234,645 337 $ 352,627 Gross profit (loss) 24,206 62,561 (1,845 ) 84,922 Operating profit (loss) 10,371 52,810 (6,985 ) 56,196 Total assets 245,662 164,951 22,557 433,170 Depreciation and amortization 983 1,743 279 3,005 Capital expenditures 828 1,678 115 2,621

Note M - Leases (Tables)

Note M - Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Lease, Cost [Table Text Block]	12 Months Ending 12 Months Ending 12 Months Ending Summary of Lease Cost (in thousands) December 31, 2022 December 31, 2021 December 31, 2020 Operating lease cost $ 1,079 $ 938 $ 729 Short-term and variable lease cost 169 252 452 Total lease cost $ 1,248 $ 1,190 $ 1,181
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Years ending December 31: (In thousands) 2023 $ 873 2024 808 2025 796 2026 782 2027 782 Thereafter 13,626 Total lease payments $ 17,667 Less: future interest expense 6,936 Lease liabilities $ 10,731
Operating Lease, Lease Income [Table Text Block]	Years ending December 31: (In thousands) 2023 $ 2,055 2024 2,055 2025 2,055 2026 2,055 2027 2,055 Thereafter 10,275 Total lease payments $ 20,550

Note N - Interim Financial In_2

Note N - Interim Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Quarterly Financial Information [Table Text Block]	(In thousands, except per share data) Per Share (basic and diluted) Quarter Net Sales Gross Profit Net Earnings Net Earnings 2022 First $ 60,754 $ 9,711 $ 2,915 $ 0.41 Second 77,138 15,038 6,684 0.94 Third 69,683 17,062 8,927 1.26 Fourth 114,048 13,314 2,173 0.31 Total $ 321,623 $ 55,125 $ 20,699 $ 2.92 2021 First $ 81,027 $ 18,361 $ 8,993 $ 1.28 Second 87,118 17,675 9,292 1.32 Third 87,225 11,230 4,129 0.58 Fourth 100,407 17,130 3,240 0.45 Total $ 355,777 $ 64,396 $ 25,654 $ 3.63

Note P - Business Acquisition (

Note P - Business Acquisition (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	(in thousands) Accounts receivable 1,832 Inventories 1,274 Other current assets 7 Property, plant and equipment 868 Intangible assets 290 Right-of-use lease assets 1,126 Total assets acquired 5,397 Less: Current liabilities assumed (776 ) Less: Lease liability - noncurrent (1,004 ) Net assets acquired $ 3,617 (in thousands) Accounts receivable 2,136 Inventories 2,309 Other current assets 130 Property, plant and equipment 6,400 Intangible assets 6,058 Goodwill 7,088 Total assets acquired 24,121 Less: Current liabilities assumed (1,084 ) Less: Deferred tax liability (1,479 ) Net assets acquired $ 21,558
Business Acquisition, Pro Forma Information [Table Text Block]	(unaudited) (unaudited) (in thousands, except per share data) (in thousands, except per share data) Year Ended Year Ended 12/31/2022 12/31/2021 Net sales $ 340,140 $ 371,058 Net earnings 19,299 24,088 Net earnings per share (basic and diluted) $ 2.92 $ 3.63 Weighted average shares outstanding (basic and diluted) 7,081 7,060

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Valuation Allowances and Reserves [Table Text Block]	(In thousands) Column A Column B Column C Column D Column E Description Balance at Beginning of Period Additions - Charged to Costs and Expenses (A) Additions - Charged to Other Accounts (B) Deductions (C) Balance at End of Period Deducted from assets: Allowance for doubtful accounts: Year ended December 31, 2022 $ 338 $ - $ - $ - $ 338 Year ended December 31, 2021 $ 312 $ 50 $ - $ 24 $ 338 Year ended December 31, 2020 $ 450 $ - $ - $ 138 $ 312 Allowance for doubtful note receivable: Year ended December 31, 2022 $ 7,615 $ - $ - $ - $ 7,615 Year ended December 31, 2021 $ - $ 7,615 $ - $ - $ 7,615 Year ended December 31, 2020 $ - $ - $ - $ - $ - Valuation allowance for deferred tax assets: Year ended December 31, 2022 $ 1,695 $ 265 $ - $ - $ 1,960 Year ended December 31, 2021 $ 520 $ 1,175 $ - $ - $ 1,695 Year ended December 31, 2020 $ - $ 520 $ - $ - $ 520

Note A - Summary of Significa_3

Note A - Summary of Significant Accounting Policies 1 (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Payable, Other, Current	$ 5,454,000	$ 3,378,000
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale, Total	29,195,000	38,539,000	$ 57,823,000
Debt Securities, Available-for-sale, Realized Gain (Loss), Total			0
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, before Tax, Total	156,000	170,000	24,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax, Total			0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	15,911,000
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	5,444,000
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10	$ 3,638,000
Debt Securities, Available for Sale, Number of Days to Tender (Day)	7 days
Property, Plant and Equipment, Gross, Ending Balance	$ 105,425,000	98,573,000
Goodwill, Impairment Loss	3,832,000		0
Goodwill, Ending Balance	18,573,000	15,317,000
Impairment of Intangible Assets (Excluding Goodwill), Total	1,463,000		0
Amortization of Intangible Assets	582,000	$ 214,000	221,000
Expected Prepayment Utilization Period (Year)		2 years
Contract with Customer, Liability, Decrease from Product Recall			2,073,000
Advertising Expense	$ 209,000	$ 150,000	2,655,000
Initial Product Return Period (Day)	60 days
Other Current Assets [Member]
Materials, Supplies, and Other	$ 5,377,000	4,746,000
Accounts Payable and Accrued Liabilities [Member]
Contract with Customer, Liability, Current	4,401,000	2,211,000
Defense [Member]
Goodwill, Ending Balance	15,317,000
Contract with Customer, Liability, Decrease from Product Recall			1,530,000
Contract with Customer, Liability, Revenue Recognized	0	3,208,000	$ 0
Revenue, Remaining Performance Obligation, Amount	505,069,000	460,800,000
Safety [Member]
Goodwill, Ending Balance	3,832,000
Housewares/Small Appliances [Member]
Materials, Supplies, and Other	7,065,000	$ 7,624,000
Building [Member] | Defense [Member]
Construction in Progress, Gross	180,000
Leased Manufacturing and Office Space [Member]
Property, Plant and Equipment, Gross, Ending Balance	$ 6,446,000
Minimum [Member]
Accounts Receivable, Collection Period (Day)	25 days
Finite-Lived Intangible Asset, Useful Life (Year)			2 years
Revenue Contract Period (Month)	3 months
Minimum [Member] | Housewares/Small Appliances [Member]
Standard Product Warranty, Coverage Period (Year)	1 year
Minimum [Member] | Building [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Minimum [Member] | Land Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years
Maximum [Member]
Accounts Receivable, Collection Period (Day)	60 days
Finite-Lived Intangible Asset, Useful Life (Year)			15 years
Revenue Contract Period (Month)	24 months
Maximum [Member] | Housewares/Small Appliances [Member]
Standard Product Warranty, Coverage Period (Year)	12 years
Maximum [Member] | Building [Member]
Property, Plant and Equipment, Useful Life (Year)		40 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Maximum [Member] | Land Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	20 years

Note A - Summary of Significa_4

Note A - Summary of Significant Accounting Policies 2 (Details Textual) - Defense [Member] - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01	Dec. 31, 2022
Minimum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month)	18 months
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month)	36 months

Note A - Summary of Significa_5

Note A - Summary of Significant Accounting Policies - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amortized Cost	$ 24,993	$ 34,164
Fair Value	24,863	34,190
Gross Unrealized Gains	22	31
Gross Unrealized Losses	152	5
Fixed Rate Municipal Bonds [Member]
Amortized Cost	11,460	8,737
Fair Value	11,405	8,763
Gross Unrealized Gains	0	31
Gross Unrealized Losses	58	5
Certificates of Deposit [Member]
Amortized Cost	9,895
Fair Value	9,820
Gross Unrealized Gains	22
Gross Unrealized Losses	94
Variable Rate Demand Obligation [Member]
Amortized Cost	3,638	25,427
Fair Value	$ 3,638	$ 25,427

Note A - Summary of Significa_6

Note A - Summary of Significant Accounting Policies - Schedule of Safety Segment's Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020
Balance as of December 31, 2021	$ 15,317,000
Additions	7,088
Less: Impairments	(3,832,000)	$ 0
Balance as of December 31, 2022	18,573,000
AMTEC Corporation [Member]
Balance as of December 31, 2021	3,556,000
Additions
Less: Impairments
Balance as of December 31, 2022	3,556,000
Amron [Member]
Balance as of December 31, 2021	7,929,000
Additions
Less: Impairments
Balance as of December 31, 2022	7,929,000
Woodlawn Manufacturing, Ltd [Member]
Balance as of December 31, 2021	0
Additions	7,088
Less: Impairments
Balance as of December 31, 2022	7,088,000
OneEvent Technologies, Inc. [Member]
Balance as of December 31, 2021	3,832,000
Additions
Less: Impairments	(3,832,000)
Balance as of December 31, 2022	$ 0

Note A - Summary of Significa_7

Note A - Summary of Significant Accounting Policies - Schedule of Intangible Assets and Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Total intangible assets, gross carrying amount	$ 7,348	$ 3,141
Accumulated Amortization	(422)	(517)
Finite-Lived Intangible Assets, Net, Ending Balance	5,926
Total intangible assets, net	6,926	2,624
Trade Secrets [Member]
Indefinite-lived intangible assets	1,000	1,000
Technology Software and Patent [Member]
Gross Carrying Amount	290	2,141
Accumulated Amortization	(97)	(517)
Finite-Lived Intangible Assets, Net, Ending Balance	193	1,624
Customer Contracts [Member]
Gross Carrying Amount	6,058	0
Accumulated Amortization	(325)	0
Finite-Lived Intangible Assets, Net, Ending Balance	$ 5,733	$ 0

Note A - Summary of Significa_8

Note A - Summary of Significant Accounting Policies - Schedule of Amortization Expense (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023	$ 1,708
2024	1,515
2025	1,515
2026	1,188
2027	0
Finite-Lived Intangible Assets, Net, Ending Balance	$ 5,926

Note A - Summary of Significa_9

Note A - Summary of Significant Accounting Policies - Changes in Product Warranty Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Beginning balance January 1	$ 218	$ 241
Accruals during the period	3,026	814
Charges / payments made under the warranties	(2,723)	(837)
Balance December 31	$ 521	$ 218

Note B - Inventories (Details T

Note B - Inventories (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
LIFO Inventory Amount	$ 32,994,000	$ 35,804,000
Excess of Replacement or Current Costs over Stated LIFO Value	9,249,000	14,174,000
Effect of LIFO Inventory Liquidation on Income	2,810,000	0	$ 2,215,000
FIFO Inventory Amount	119,144,000	108,057,000
Inventory, Finished Goods, Gross	3,255,000	4,820,000
Inventory, Work in Process, Gross	105,564,000	92,437,000
Inventory, Raw Materials and Supplies, Gross, Total	$ 10,324,000	$ 10,800,000

Note B - Inventories - Schedule

Note B - Inventories - Schedule of Potential Impact of LIFO Valuation to FIFO Valuation (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cost of Sales	$ 4,925	$ (9,745)	$ (447)
Net Earnings	$ (3,925)	$ 7,698	$ 349
Earnings Per Share (in dollars per share)	$ (0.55)	$ 1.09	$ 0.05

Note C - Accrued Liabilities (D

Note C - Accrued Liabilities (Details Textual) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Employee-related Liabilities, Total	$ 7,631,000	$ 7,515,000
Loss Contingency Accrual, Product Liability, Gross, Total	5,407,000	5,713,000
Taxes Payable, Current, Total	309,000	1,191,000
Accrual for Environmental Loss Contingencies, Ending Balance	921,000	1,000,000
Other Accrued Liabilities, Current	$ 1,640,000	$ 1,272,000

Note D - Treasury Stock (Detail

Note D - Treasury Stock (Details Textual) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	497,581
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	510	292	344

Note F - Stock-based Compensa_3

Note F - Stock-based Compensation (Details Textual)	12 Months Ended
	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares	May 16, 2017 shares	May 18, 2010 shares
Share Based Compensation Arrangement, Number of Plan Participants	39
Share-Based Payment Arrangement, Expense | $	$ 476,000	$ 469,000	$ 366,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 1,673,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)	3.6
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	7,271	9,238	7,310
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)	3,482	2,981	3,193
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Year	2023
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Year	2028
The Incentive Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)					50,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)		0
The 2017 Incentive Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)				150,000

Note F - Stock-based Compensa_4

Note F - Stock-based Compensation - Activity for Non-vested Restricted Stock (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Vested, shares (in shares)	(3.6)
Restricted Stock [Member]
Non-vested, shares (in shares)	28,934	22,721	18,604
Non-vested, weighted average fair value at grant date (in dollars per share)	$ 95.54	$ 96.82	$ 93.23
Granted, shares (in shares)	7,271	9,238	7,310
Granted, weighted average fair value at grant date (in dollars per share)	$ 70.72	$ 90.01	$ 89.84
Vested, shares (in shares)	(3,482)	(2,981)	(3,193)
Vested, weighted average fair value at grant date (in dollars per share)	$ 100.05	$ 88.23	$ 59.94
Forfeited, shares (in shares)	(387)	(44)	0
Forfeited, weighted average fair value at grant date (in dollars per share)	$ 93.91	$ 88.41	$ 0
Non-vested, shares (in shares)	32,336	28,934	22,721
Non-vested, weighted average fair value at grant date (in dollars per share)	$ 89.49	$ 95.54	$ 96.82

Note G - 401(k) Plan (Details T

Note G - 401(k) Plan (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Employer Contribution Common Stock [Member]
Defined Contribution Plan, Percentage of Specified Salary Amount Matched by Employer	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4%
Defined Contribution Plan, Cost	$ 1,238,000	$ 1,324,000	$ 1,249,000
Employer Contribution Cash [Member]
Defined Contribution Plan, Percentage of Specified Salary Amount Matched by Employer	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4%
Defined Contribution Plan, Cost	$ 884,000	859,000	813,000
Certain Employees [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3%
The 401 (k) for Employees at Amron Division of the AMTEC Subsidiary [Member]
Defined Contribution Plan, Cost	$ 427,000	$ 465,000	$ 443,000

Note H - Income Taxes (Details

Note H - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Assets, Valuation Allowance	$ 1,960,000	$ 1,695,000
Unrecognized Tax Benefits, Ending Balance	2,458,000	2,375,000	$ 2,521,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total	$ 169,000	$ 169,000	$ 142,000
Income Tax Examination, Year under Examination	2021

Note H - Income Taxes - Provisi

Note H - Income Taxes - Provision for Income Taxes from Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Federal	$ 7,389	$ 6,675	$ 12,932
State	167	1,742	1,816
Current Income Tax Expense (Benefit), Total	7,556	8,417	14,748
Federal	(2,157)	(819)	(1,210)
State	(154)	(793)	(508)
Deferred Income Tax Expense (Benefit), Total	(2,311)	(1,612)	(1,718)
Total tax provision	$ 5,245	$ 6,805	$ 13,030

Note H - Income Taxes - Reconci

Note H - Income Taxes - Reconciliation of Statutory Rate to Effective Rate (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statutory rate	21%	21%	21%
State tax, net of federal benefit	0%	2.30%	1.70%
Research and development credit	(2.10%)	(2.00%)	(1.00%)
Adjustment for prior year estimates	1.20%	0.10%	(0.10%)
Tax exempt interest and dividends	(0.10%)	(0.10%)	(0.10%)
Other	0.20%	(0.30%)	0.20%
Effective rate	20.20%	21%	21.70%

Note H - Income Taxes - Deferre

Note H - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
State NOL and tax credit carryforwards	$ 2,336,000	$ 2,153,000
Doubtful accounts	1,933,000	1,928,000
Research and development expenses	1,284,000	0
Insurance (primarily product liability)	1,142,000	1,073,000
Inventory	1,095,000	803,000
Vacation	908,000	855,000
Other	1,457,000	1,502,000
Subtotal	10,155,000	8,314,000
Deferred Tax Assets, Valuation Allowance	1,960,000	1,695,000
Total deferred tax assets	8,195,000	6,619,000
Goodwill and other intangibles	2,157,000	1,974,000
Depreciation	532,000	0
Deferred revenue	0	3,000
Total deferred tax liabilities	2,689,000	1,977,000
Net deferred tax assets	$ 5,506,000	$ 4,642,000

Note H - Income Taxes - Recon_2

Note H - Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance at January 1	$ 2,375,000	$ 2,521,000
Increases for tax positions taken related to the current year	628,000	336,000
Increases for tax positions taken related to prior years	32,000	30,000
Lapse of statute of limitations	(577,000)	(512,000)
Balance at December 31	$ 2,458,000	$ 2,375,000

Note I - Commitments and Cont_2

Note I - Commitments and Contingencies (Details Textual) - Property Tax Assessment [Member] - USD ($)	1 Months Ended
	Jun. 30, 2020	Dec. 31, 2022
Loss Contingency, Damages Sought, Value	$ 2,506,000
Loss Contingency Accrual, Ending Balance		$ 0

Note J - Concentrations (Detail

Note J - Concentrations (Details Textual)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Entity Employees, Union Members	192
Percentage of Entity Employees, Union Members	20%
Housewares/Small Appliances [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Major Customers	0	1
Housewares/Small Appliances [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Customer [Member]
Concentration Risk, Percentage	10%	10%
Housewares/Small Appliances [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Two Customer [Member]
Concentration Risk, Percentage			10%

Note K - Environmental (Details

Note K - Environmental (Details Textual) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Accrual for Environmental Loss Contingencies, Ending Balance	$ 921,000	$ 1,000,000

Note K - Environmental - Expect

Note K - Environmental - Expected Future Payments for Environmental Matters (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023	$ 190
2024	129
2025	119
2026	108
2027	97
Thereafter	278
Accrual for Environmental Loss Contingencies, Gross, Total	$ 921

Note L - Business Segments (Det

Note L - Business Segments (Details Textual)	12 Months Ended
	Dec. 31, 2022
Number of Operating Segments	3
Government Contract, Number of Contractors	2
Supply Commitment, Commitment Term (Year)	5 years

Note L - Business Segments - Se

Note L - Business Segments - Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
External net sales	$ 114,048	$ 69,683	$ 77,138	$ 60,754	$ 100,407	$ 87,225	$ 87,118	$ 81,027	$ 321,623	$ 355,777	$ 352,627
Gross profit (loss)	13,314	17,062	15,038	9,711	17,130	11,230	17,675	18,361	55,125	64,396	84,922
Operating profit (loss)									22,127	30,029	56,196
Total assets	411,847				420,398				411,847	420,398	433,170
Depreciation and amortization									2,979	2,978	3,005
Capital expenditures									1,030	2,866	2,621
Net sales	114,048	$ 69,683	$ 77,138	$ 60,754	100,407	$ 87,225	$ 87,118	$ 81,027	321,623	355,777	352,627
Total assets	411,847				420,398				411,847	420,398	433,170
Housewares/Small Appliances [Member] | Operating Segments [Member]
External net sales									118,347	115,924	117,645
Gross profit (loss)									17,422	9,974	24,206
Operating profit (loss)									5,262	(2,631)	10,371
Total assets	211,804				242,456				211,804	242,456	245,662
Depreciation and amortization									975	1,215	983
Capital expenditures									527	738	828
Net sales									118,347	115,924	117,645
Total assets	211,804				242,456				211,804	242,456	245,662
Defense [Member] | Operating Segments [Member]
External net sales									202,483	239,514	234,645
Gross profit (loss)									42,638	61,205	62,561
Operating profit (loss)									31,644	51,216	52,810
Total assets	194,422				168,296				194,422	168,296	164,951
Depreciation and amortization									1,613	1,530	1,743
Capital expenditures									393	1,966	1,678
Net sales									202,483	239,514	234,645
Total assets	194,422				168,296				194,422	168,296	164,951
Safety [Member] | Operating Segments [Member]
External net sales									793	339	337
Gross profit (loss)									(4,935)	(6,783)	(1,845)
Operating profit (loss)									(14,779)	(18,556)	(6,985)
Total assets	5,621				9,646				5,621	9,646	22,557
Depreciation and amortization									391	233	279
Capital expenditures									110	162	115
Net sales									793	339	337
Total assets	$ 5,621				$ 9,646				$ 5,621	$ 9,646	$ 22,557

Note M - Leases (Details Textua

Note M - Leases (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Lease, Expense	$ 1,129,000	$ 1,076,000	$ 1,182,000
Operating Lease, Payments	$ 1,248,000	1,190,000	1,181,000
Operating Lease, Weighted Average Remaining Lease Term (Year)	20 years 7 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	4.60%
Operating Lease, Lease Income, Lease Payments	$ 2,195,000	$ 1,971,000	$ 1,967,000

Note M - Leases - Lease Cost (D

Note M - Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating lease cost	$ 1,079	$ 938	$ 729
Short-term and variable lease cost	169	252	452
Total lease cost	$ 1,248	$ 1,190	$ 1,181

Note M - Leases - Lease Maturit

Note M - Leases - Lease Maturities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023	$ 873
2024	808
2025	796
2026	782
2027	782
Thereafter	13,626
Total lease payments	17,667
Less: future interest expense	6,936
Lease liabilities	$ 10,731

Note M - Leases - Operating Lea

Note M - Leases - Operating Lease Income (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023	$ 2,055
2024	2,055
2025	2,055
2026	2,055
2027	2,055
Thereafter	10,275
Total lease payments	$ 20,550

Note N - Interim Financial In_3

Note N - Interim Financial Information (Unaudited) - Quarterly Unaudited Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net Sales	$ 114,048	$ 69,683	$ 77,138	$ 60,754	$ 100,407	$ 87,225	$ 87,118	$ 81,027	$ 321,623	$ 355,777	$ 352,627
Gross Profit	13,314	17,062	15,038	9,711	17,130	11,230	17,675	18,361	55,125	64,396	84,922
Net Earnings	$ 2,173	$ 8,927	$ 6,684	$ 2,915	$ 3,240	$ 4,129	$ 9,292	$ 8,993	$ 20,699	$ 25,654	$ 46,958
First (in dollars per share)	$ 0.31	$ 1.26	$ 0.94	$ 0.41	$ 0.45	$ 0.58	$ 1.32	$ 1.28	$ 2.92	$ 3.63	$ 6.67

Note O - Line of Credit and C_2

Note O - Line of Credit and Commercial Letters of Credit (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2022
Letters of Credit Outstanding, Amount	$ 1,247,000	$ 0
Domestic Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	5,000,000
Long-term Line of Credit, Total	$ 0
Domestic Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%

Note P - Business Acquisition_2

Note P - Business Acquisition (Details Textual) - USD ($)			5 Months Ended	12 Months Ended
	Oct. 26, 2022	Jul. 29, 2022	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Combination, Bargain Purchase, Gain Recognized, Amount				$ 492,000	$ 0	$ 0
Knox Safety, Inc [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		$ 3,125,000
Deposits, Business Acquisition		500,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual			$ 265,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual			$ (1,546,000)
Knox Safety, Inc [Member] | Selling, General and Administrative Expenses [Member]
Business Combination, Bargain Purchase, Gain Recognized, Amount		$ 492,000
Knox Safety, Inc [Member] | Trademarks and Safety Certifications [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)		2 years
Woodlawn Manufacturing, Ltd [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	$ 3,219,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	101,000
Payments to Acquire Businesses, Gross	$ 21,558,000
Woodlawn Manufacturing, Ltd [Member] | Trademarks and Safety Certifications [Member]
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year)	4 years

Note P - Business Acquisition -

Note P - Business Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($)	Dec. 31, 2022	Oct. 26, 2022	Jul. 29, 2022	Dec. 31, 2021
Accounts receivable		$ 2,136,000
Inventories		2,309,000
Intangible assets		6,058,000
GOODWILL	$ 18,573,000			$ 15,317,000
Less: Deferred tax liability		(1,479,000)
Knox Safety, Inc [Member]
Accounts receivable			$ 1,832,000
Inventories			1,274,000
Intangible assets			290,000
Right-of-use lease assets			1,126,000
Less: Lease liability - noncurrent			(1,004,000)
OneEvent Technologies, Inc. [Member]
Other current assets		130,000	7,000
Property, plant and equipment		6,400,000	868,000
Total assets acquired		24,121,000	5,397,000
Less: Current liabilities assumed		(1,084,000)	(776,000)
Net assets acquired		21,558,000	$ 3,617,000
GOODWILL		$ 7,088,000

Note P - Business Combination -

Note P - Business Combination - Schedule of Pro Forma Results of Operations (Details) - Knox Safety, Inc [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net sales	$ 340,140	$ 371,058
Net earnings	$ 19,299	$ 24,088
Net earnings per share (basic and diluted) (in dollars per share)	$ 2.92	$ 3.63
Weighted average shares outstanding (basic and diluted) (in shares)	7,081	7,060

Note Q - Other (Details Textual

Note Q - Other (Details Textual)	Dec. 31, 2021 USD ($)
Financing Receivable, after Allowance for Credit Loss, Noncurrent, Total	$ 7,615,000

Note R - Subsequent Event (Deta

Note R - Subsequent Event (Details Textual) - Subsequent Event [Member]	Feb. 17, 2023 $ / shares
Regular Dividend [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 1
Extra Dividends [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 3

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance at Beginning of Period		$ 338	$ 312	$ 450
Additions - Charged to Costs and Expenses	[1]	0	50	0
Additions - Charged to Other Accounts	[2]	0	0	0
Deductions	[3]	0	24	138
Balance at End of Period		338	338	312
SEC Schedule, 12-09, Allowance, Notes Receivable [Member]
Balance at Beginning of Period		7,615	0	0
Additions - Charged to Costs and Expenses	[1]	0	7,615	0
Additions - Charged to Other Accounts	[2]	0	0	0
Deductions	[3]	0	0	0
Balance at End of Period		7,615	7,615	0
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance at Beginning of Period		1,695	520	0
Additions - Charged to Costs and Expenses	[1]	265	1,175	520
Additions - Charged to Other Accounts	[2]	0	0	0
Deductions	[3]	0	0	0
Balance at End of Period		$ 1,960	$ 1,695	$ 520
[1]Amounts charged to selling and general expenses or provision for income taxes from continuing operations.[2]Amounts charged to other accounts.[3]Principally bad debts written off, net of recoveries.