Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2016	Mar. 01, 2017	Jul. 03, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2016
Entity Registrant Name	NATIONAL PRESTO INDUSTRIES INC
Entity Central Index Key	0000080172
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		6,953,780
Entity Public Float			$ 459,511,275
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 27,034	$ 56,222
Marketable securities	84,457	32,259
Accounts receivable	69,101	57,374
Less allowance for doubtful accounts	1,816	1,796
Accounts receivable, net	67,285	55,578
Inventories:
Finished goods	25,200	27,765
Work in process	66,528	57,397
Raw materials and supplies	3,675	3,747
Total inventory	95,403	88,909
Assets held for sale	58,893	21,663
Other current assets	7,423	6,961
Total current assets	340,495	261,592
PROPERTY, PLANT AND EQUIPMENT:
Land and land improvements	4,933	4,807
Buildings	47,012	43,392
Machinery and equipment	49,218	48,701
PROPERTY, PLANT AND EQUIPMENT	101,163	96,900
Less allowance for depreciation	51,688	43,741
PROPERTY, PLANT AND EQUIPMENT, NET	49,475	53,159
GOODWILL	11,485	11,485
INTANGIBLE ASSETS, net	4,961	5,471
NOTES RECEIVABLE	6,534	3,940
DEFERRED INCOME TAXES		3,336
ASSETS HELD FOR SALE		38,147
OTHER ASSETS	4,644	10,254
Total assets	417,594	387,384
CURRENT LIABILITIES:
Accounts payable	39,584	27,748
Federal and state income taxes	6,273	2,196
Accrued liabilities	12,244	12,570
Liabilities held for sale	6,253	5,616
Total current liabilities	64,354	48,130
DEFERRED INCOME TAXES	3,004
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $1 par value: Authorized: 12,000,000 shares at December 31, 2016 and 2015; Issued: 7,440,518 shares at December 31, 2016 and 2015; Outstanding: 6,950,786 and 6,935,471 shares at December 31, 2016 and 2015, respectively	7,441	7,441
Paid-in capital	7,913	6,775
Retained earnings	350,203	340,799
Accumulated other comprehensive loss	(47)	(9)
Stockholders' equity before treasury stock	365,510	355,006
Less treasury stock, at cost, 489,732 and 505,047 shares at December 31, 2016 and 2015, respectively	15,274	15,752
Total stockholders' equity	350,236	339,254
Total liabilities and stockholders' equity	$ 417,594	$ 387,384

Consolidated Balance Sheets (Parenthetical)

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Consolidated Balance Sheets [Abstract]
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	12,000,000	12,000,000
Common stock, shares issued	7,440,518	7,440,518
Common stock, shares outstanding	6,950,786	6,935,471
Treasury stock, at cost	489,732	505,047

Consolidated Statements Of Comprehensive Income

Consolidated Statements Of Comprehensive Income - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Consolidated Statements Of Comprehensive Income [Abstract]
Net sales	$ 341,905,000	$ 355,649,000	$ 347,198,000
Cost of sales	256,243,000	266,216,000	265,892,000
Gross profit	85,662,000	89,433,000	81,306,000
Selling and general expenses	22,429,000	21,735,000	21,422,000
Intangibles amortization	721,000	5,173,000	11,991,000
Impairment of finite lived intangible assets			2,063,000
Operating profit	62,512,000	62,525,000	45,830,000
Other income, principally interest	810,000	397,000	367,000
Earnings from continuing operations before provision for income taxes	63,322,000	62,922,000	46,197,000
Provision for income taxes	21,407,000	20,760,000	15,445,000
Earnings from continuing operations	41,915,000	42,162,000	30,752,000
Earnings (loss) from discontinued operations, net of tax	2,649,000	(1,666,000)	(4,275,000)
Net earnings	$ 44,564,000	$ 40,496,000	$ 26,477,000
Weighted average shares outstanding:
Basic and diluted	6,970	6,951	6,930
Earnings (loss) per share, basic and diluted:
From continuing operations	$ 6.01	$ 6.07	$ 4.44
From discontinued operations	0.38	(0.24)	(0.62)
Net earnings per share	$ 6.39	$ 5.83	$ 3.82
Other comprehensive loss, net of tax:
Unrealized loss on available-for-sale securities	$ 38,000	$ 6,000	$ 11,000
Comprehensive income	$ 44,526,000	$ 40,490,000	$ 26,466,000

Consolidated Statements Of Cash Flows

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements Of Cash Flows - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net earnings	$ 44,564,000	$ 40,496,000	$ 26,477,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Intangibles amortization	721,000	5,173,000	11,991,000
Provision for depreciation	13,962,000	10,427,000	9,828,000
Deferred income tax provision (benefit)	6,360,000	(998,000)	(1,005,000)
Impairment of finite lived intangible assets			2,063,000
Gain on involuntary conversion of machinery and equipment	(968,000)
Loss (gain) on disposal of property, plant and equipment	434,000	70,000	(2,000)
Provision for doubtful accounts	1,000	516,000	532,000
Non-cash retirement plan expense	782,000	775,000	705,000
Other	217,000	220,000	141,000
Changes in operating accounts:
Accounts receivable, net	(13,539,000)	708,000	16,536,000
Inventories	(7,528,000)	(9,398,000)	8,144,000
Other assets and current assets	5,148,000	(2,894,000)	5,291,000
Accounts payable and accrued liabilities	12,145,000	(2,684,000)	(6,033,000)
Federal and state income taxes receivable/payable	4,077,000	3,864,000	(1,455,000)
Net cash provided by operating activities	66,376,000	46,275,000	73,213,000
Cash flows from investing activities:
Marketable securities purchased	(86,119,000)	(20,170,000)	(8,976,000)
Marketable securities - maturities and sales	33,863,000	10,306,000	22,959,000
Purchase of property, plant and equipment	(6,950,000)	(6,461,000)	(11,287,000)
Note issued	(2,419,000)
Proceeds from insurnace settlement	987,000
Acquisition of intangible assets	(211,000)
Sale of property, plant and equipment	3,000	25,000	307,000
Acquisition of businesses, net of cash acquired			(10,534,000)
Net cash used in investing activities	(60,846,000)	(16,300,000)	(7,531,000)
Cash flows from financing activities:
Dividends paid	(35,161,000)	(28,114,000)	(34,954,000)
Proceeds from sale of treasury stock	443,000	323,000	362,000
Other		(5,000)
Net cash used in financing activities	(34,718,000)	(27,796,000)	(34,592,000)
Net increase (decrease) in cash and cash equivalents	(29,188,000)	2,179,000	31,090,000
Cash and cash equivalents at beginning of year	56,222,000	54,043,000	22,953,000
Cash and cash equivalents at end of year	27,034,000	56,222,000	54,043,000
Supplemental disclosures of cash flow information:
Income taxes	$ 17,278,000	$ 21,930,000	$ 17,411,000

Consolidated Statements Of Stockholders' Equity

Consolidated Statements Of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2013	$ 7,441	$ 4,998	$ 336,895	$ 8	$ (16,791)	$ 332,551
Balance, shares at Dec. 31, 2013	6,902,000
Net earnings			26,477			26,477
Unrealized loss on available-for-sale securities				(11)		(11)
Dividends paid			(34,954)			(34,954)
Other		908	(1)		473	1,380
Other, shares	15,000
Balance at Dec. 31, 2014	$ 7,441	5,906	328,417	(3)	(16,318)	325,443
Balance, shares at Dec. 31, 2014	6,917,000
Net earnings			40,496			40,496
Unrealized loss on available-for-sale securities				(6)		(6)
Dividends paid			(28,114)			(28,114)
Other		869			566	1,435
Other, shares	18,000
Balance at Dec. 31, 2015	$ 7,441	6,775	340,799	(9)	(15,752)	$ 339,254
Balance, shares at Dec. 31, 2015	6,935,000					6,935,471
Net earnings			44,564			$ 44,564
Unrealized loss on available-for-sale securities				(38)		(38)
Dividends paid			(35,161)			(35,161)
Other		1,138	1		478	1,617
Other, shares	16,000
Balance at Dec. 31, 2016	$ 7,441	$ 7,913	$ 350,203	$ (47)	$ (15,274)	$ 350,236
Balance, shares at Dec. 31, 2016	6,951,000					6,950,786

Consolidated Statements Of Stockholders' Equity (Parenthetical)

Consolidated Statements Of Stockholders' Equity (Parenthetical) - Quarter 1 Dividend Payment [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Regular dividends per share paid	$ 1.00	$ 1.00	$ 1.00
Extra dividends per share paid	$ 4.05	$ 3.05	$ 4.05

Summary Of Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

(1) USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS: In preparation of the Company's Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and related revenues and expenses. Actual results could differ from the estimates used by management.

(2) BASIS OF PRESENTATION: The Consolidated Financial Statements include the accounts of National Presto Industries, Inc. and its subsidiaries, all of which are wholly-owned. All material intercompany accounts and transactions are eliminated. For a further discussion of the Company's business and the segments in which it operates, please refer to Note L.

On January 3, 2017, the Company and its wholly-owned subsidiary, Presto Absorbent Products, Inc. (“PAPI”), entered into an asset purchase agreement wherein substantially all PAPI assets were sold and certain liabilities were assigned to Drylock Technologies, LTD. (“Drylock”) in exchange for $67,000,000, subject to customary post-closing adjustments. The asset purchase agreement also provides for additional proceeds of $4,000,000 upon the sale of certain delayed assets, consisting of machinery and equipment that were the subject of an involuntary conversion, at a future date. As a result of this transaction, effective in the fourth quarter of 2016, the Company classified its results of operations for all periods presented to reflect its Absorbent Products business as a discontinued operation and classified the assets and liabilities of its Absorbent Products business as held for sale. See Note R for further discussion.

(3) RECLASSIFICATIONS: In addition to the reclassifications mentioned in Note A(2) above, certain reclassifications have been made to the prior periods' financial statements to conform to the current period’s financial statement presentation. These reclassifications did not affect net earnings or stockholders’ equity as previously reported.

(4) FAIR VALUE OF FINANCIAL INSTRUMENTS: The Company utilizes the methods of determining fair value as described in Financial Accounting Standard Board (“FASB”) Accounting Standard Codification (“ASC”) 820, Fair Value Measurements and Disclosures to value its financial assets and liabilities. ASC 820 utilizes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

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(5).

(5) CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES:

Cash and Cash Equivalents: The Company considers all highly liquid marketable securities with an original maturity of three months or less to be cash equivalents. Cash equivalents include money market funds. The Company deposits its cash in high quality financial institutions. The balances, at times, may exceed federally insured limits. Money market funds are reported at fair value determined using quoted prices in active markets for identical securities (Level 1, as defined by FASB ASC 820).

The Company's cash management policy provides for its bank disbursement accounts to be reimbursed on a daily basis. Checks issued but not presented to the bank for payment of $5,883,000 and $4,071,000 at December 31, 2016 and 2015, respectively, are included as reductions of cash and cash equivalents or bank overdrafts in accounts payable, as appropriate.

Marketable Securities: The Company has classified all marketable securities as available-for-sale which requires the securities to be reported at fair value, with unrealized gains and losses, net of tax, reported as a separate component of stockholders' equity. Highly liquid, tax-exempt variable rate demand notes with put options exercisable in three months or less are classified as marketable securities.

At December 31, 2016 and 2015, cost for marketable securities was determined using the specific identification method. A summary of the amortized costs and fair values of the Company's marketable securities at December 31 is shown in the following table. All of the Company’s marketable securities are classified as Level 2, as defined by FASB ASC 820, with fair values determined using significant other observable inputs, which include quoted prices in markets that are not active, quoted prices of similar securities, recently executed transactions, broker quotations, and other inputs that are observable. There were no transfers into or out of Level 2 during 2016 and 2015.



	(In thousands)
	MARKETABLE SECURITIES

	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
December 31, 2016
Tax-exempt Municipal Bonds	$	38,223	$	38,151	$	1	$	73
Variable Rate Demand Notes		46,306		46,306		-		-
Total Marketable Securities	$	84,529	$	84,457	$	1	$	73

December 31, 2015
Tax-exempt Municipal Bonds	$	20,129	$	20,115	$	4	$	18
Variable Rate Demand Notes		12,144		12,144		-		-
Total Marketable Securities	$	32,273	$	32,259	$	4	$	18

Proceeds from sales and maturities of marketable securities totaled $33,863,000 in 2016, $10,306,000 in 2015, and $22,959,000 in 2014. There were no realized gross gains or losses related to sales of marketable securities during the years ended December 31, 2016, 2015 and 2014. Net unrealized losses included in other comprehensive income were $57,000, $9,000 and $17,000 before taxes for the years ended December 31, 2016 2015, and 2014, respectively. No unrealized gains or losses were reclassified out of accumulated other comprehensive income during the same periods.

The contractual maturities of the marketable securities held at December 31, 2016 are as follows: $29,852,000 within one year; $14,601,000 beyond one year to five years; $5,117,000 beyond five years to ten years, and $34,887,000 beyond ten years. All of the instruments in the beyond five year ranges are variable rate demand notes which, as noted above, can be tendered for cash at par plus interest within seven days. Despite the stated contractual maturity date, to the extent a tender is not honored, the notes become immediately due and payable.

(6) ACCOUNTS RECEIVABLE: The Company's accounts receivable is related to sales of products. Credit is extended based on prior experience with the customer and evaluation of customers' financial condition. Accounts receivable are primarily due within 25 to 60 days. The Company does not accrue interest on past due accounts receivable. Receivables are written off only after all collection attempts have failed and are based on individual credit evaluation and the specific circumstances of the customer. The allowance for doubtful accounts represents an estimate of amounts considered uncollectible and is determined based on the Company's historical collection experience, adverse situations that may affect the customer's ability to pay, and prevailing economic conditions.

(7) INVENTORIES: Housewares/Small Appliance segment inventories are stated at the lower of cost or market with cost being determined principally on the last-in, first-out (LIFO) method. Defense segment inventories are stated at the lower cost or market determined principally on the first-in, first-out (FIFO) method. Inventoried costs relating to contracts in progress are stated at actual production costs, including factory overhead, initial tooling, and other related costs incurred to date, reduced by amounts associated with recognized sales, utilizing a standard costing type method. The Company evaluates inventories to determine if there are any excess or obsolete inventories on hand.

(8) PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment are stated at cost. Straight-line depreciation is provided in amounts sufficient to charge the costs of depreciable assets to operations over their service lives which are estimated at 15 to 40 years for buildings, 3 to 10 years for machinery and equipment, and 15 to 20 years for land improvements. The Company reviews long-lived assets consisting principally of property, plant, and equipment, for impairment when material events and changes in circumstances indicate the carrying value may not be recoverable. Approximately $3,461,000 of construction in progress in the Company’s Defense segment is presented on the Consolidated Balance Sheet as Buildings at December 31, 2016 and is expected to be completed during the first quarter of 2017. Approximately $3,100,000 of construction in progress in the Company’s Housewares/Small Appliance segment is presented on the Consolidated Balance Sheet as Buildings at December 31, 2015. In addition, $8,928,000 of construction in progress associated with the acquisition of a competitor’s assets in the Defense segment described in Note Q is presented as Machinery and equipment at December 31, 2015.

(9) GOODWILL: The Company recognizes the excess cost of acquired entities over the net amount assigned to the fair value of assets acquired and liabilities assumed as goodwill. Goodwill is tested for impairment on an annual basis at the start of the fourth quarter and between annual tests whenever an impairment is indicated, such as the occurrence of an event that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Impairment losses are recognized whenever the implied fair value of goodwill is less than its carrying value. No goodwill impairments were recognized during 2016, 2015, or 2014.

The Company's goodwill as of December 31, 2016 and 2015 was $11,485,000, relating entirely to its Defense segment, which had no cumulative impairment charges at December 31, 2016.

(10) INTANGIBLE ASSETS: Intangible assets primarily consist of the value of a government sales contract and consulting and non-compete agreements recognized as a result of the acquisition of certain assets of DSE, Inc., more fully described in Note Q, and the value of customer relationships, trademarks and other non-compete agreements. The intangible assets are all attributable to the Defense segment. The government sales contract intangible asset is amortized based on units fulfilled under the applicable contract, while the other intangible assets are amortized on a straight-line basis that approximates economic use, over periods ranging from 1 to 10 years.

Intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. During 2014, the Company noted that the carrying amount of the customer relationships, certain trademarks and non-compete agreements exceeded the undiscounted cash flows expected to result from their use. As a result, an impairment loss of $2,063,000 was recognized based on the Company’s analysis comparing the fair value of the intangible assets and their carrying amounts. The fair value of the intangible assets was determined using a discounted cash flow model.

The gross carrying amounts of the government sales contract and other intangible assets subject to amortization were $21,690,000 and $211,000, respectively, totaling $21,901,000 at December 31, 2016. The gross carrying amount of the government sales contract subject to amortization was $21,690,000 at December 31, 2015. Accumulated amortization was $16,940,000 and $16,219,000 at December 31, 2016 and 2015, respectively. Amortization expense was $721,000, $5,173,000, and $11,991,000 during the years ended December 31, 2016, 2015, and 2014, respectively. Estimated amortization expense as of December 31, 2016 for the five succeeding years is shown in the following table:



Years ending December 31:	(In thousands)
2017	$	3,024
2018		1,778
2019		21
2020		21
2021		21

(11) OTHER ASSETS: Other assets includes prepayments that are made from time to time by the Company for certain materials used in the manufacturing process in the Housewares/Small Appliance segment. The Company expects to utilize the prepayments and related materials over an estimated period of up to two years. As of December 31, 2016 and 2015, $10,974,000 and $16,254,000 of such prepayments, respectively, remained unused and outstanding. At December 31, 2016 and 2015, $6,330,000 and $6,000,000 of these amounts, respectively, are included in Other Current Assets, representing the Company’s best estimate of the expected utilization of the prepayments and related materials during the twelve-month periods following those dates.

(12) REVENUE RECOGNITION: For all of its segments, the Company recognizes revenue when product is shipped or title passes pursuant to customers' orders, the price is fixed and collection is reasonably assured. For the Housewares/Small appliance segment, the Company provides for its 60-day over-the-counter return privilege and warranties at the time of shipment. Net sales for this segment are calculated by deducting early payment discounts and cooperative advertising allowances from gross sales. The Company records cooperative advertising allowances when revenue is recognized. See Note A(13) for a description of the Company’s policy for sales returns.

(13) SALES & RETURNS: Sales are recorded net of estimated discounts and returns. The latter pertain primarily to warranty returns, returns of seasonal items, and returns of those newly introduced products sold with a return privilege within the Housewares/Small Appliance segment. The calculation of warranty returns is based in large part on historical data, while seasonal and new product returns are primarily developed using customer provided information.

(14) SHIPPING AND HANDLING COSTS: In accordance with FASB ASC 605-45, Revenue Recognition, the Company includes shipping and handling revenues in net sales and shipping costs in cost of sales.

(15) ADVERTISING: The Company's policy is to expense advertising as incurred and include it in selling and general expenses. Advertising expense was $369,000, $98,000, and $202,000 in 2016, 2015, and 2014, respectively.

(16) PRODUCT WARRANTY: The Company’s Housewares/Small Appliance segment’s products are generally warranted to the original owner to be free from defects in material and workmanship for a period of 1 to 12 years from date of purchase. The Company allows a 60-day over-the-counter initial return privilege through cooperating dealers. The Company services its products through a corporate service repair operation. The Company estimates its product warranty liability based on historical percentages which have remained relatively consistent over the years.

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
	2016		2015
Beginning balance January 1	$	487	$	377
Accruals during the period		549		677
Charges / payments made under the warranties		(493)		(567)
Balance December 31	$	543	$	487

(17) STOCK-BASED COMPENSATION: The Company accounts for stock-based compensation in accordance with ASC 718, Compensation — Stock Compensation. Under the fair value recognition provisions of ASC 718, stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense ratably over the requisite service period, net of estimated forfeitures. As more fully described in Note F, the Company awards non-vested restricted stock to employees and executive officers.

(18) INCOME TAXES: Deferred income tax assets and liabilities are recognized for the differences between the financial and income tax reporting bases of assets and liabilities based on enacted tax rates and laws. The deferred income tax provision or benefit generally reflects the net change in deferred income tax assets and liabilities during the year. The current income tax provision reflects the tax consequences of revenues and expenses currently taxable or deductible on various income tax returns for the year reported. Income tax contingencies are accounted for in accordance with FASB ASC 740, Income Taxes. See Note H for summaries of the provision, the effective tax rates, and the tax effects of the cumulative temporary differences resulting in deferred tax assets and liabilities.

(19) RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS:

In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which eliminates the performance of Step 2 from the goodwill impairment test. In performing its annual or interim impairment testing, an entity will instead compare the fair value of the reporting unit with its carrying amount and recognize any impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss. The standard is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements.

In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 806): Clarifying the Definition of a Business, which provides guidance in evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting, including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those periods, with early adoption permitted under certain circumstances. The Company does not expect the adoption of ASU 2017-01 to have a material impact on its consolidated financial statements.

In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, which addresses diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 provides guidance on the following eight specific cash flow issues: debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies; distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company does not expect the adoption of ASU 2016-15 to have a material impact on its consolidated financial statements.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 provides guidance for estimating credit losses on certain types of financial instruments, including trade receivables, by introducing an approach based on expected losses. The expected loss approach will require entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. ASU 2016-13 also amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The guidance requires a modified retrospective transition method and early adoption is permitted. The Company does not expect the adoption of ASU 2016-13 to have a material impact on its consolidated financial statements.

In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. ASU 2016-09 provides guidance that simplifies some provisions in stock compensation accounting for tax consequences related to stock payments and amends how excess tax benefits and payments to cover the tax liabilities of award recipients should be classified. ASU 2016-09 also allows an entity to elect an accounting policy for forfeitures and revises the withholding requirements for classifying stock awards as equity. The guidance is effective for annual periods beginning after December 15, 2016, with early adoption permitted. The Company does not expect the adoption of ASU 2016-09 to have a material impact on its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on its consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, which provides guidance for the recognition, measurement, presentation, and disclosure of financial assets and liabilities. The guidance is effective for reporting periods (interim and annual) beginning after December 15, 2017. The Company does not expect the adoption of ASU 2016-01 to have a material effect on its consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. ASU 2015-11 requires inventory to be measured at the lower of cost and net realizable value. Net realizable value is defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 does not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method, but applies to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. ASU 2015-11 is effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2015-11 to have a material impact on its consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) which amended the existing accounting standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. It is effective for annual reporting periods beginning after December 15, 2017. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. The amendment may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company expects to adopt ASU 2014-09 as of January 1, 2018, and continues to deliberate on the transition method. While the Company’s evaluation of the impact of the standard is ongoing, representative samples of existing revenue contracts have been considered. The Company continues to evaluate if there will be any effect on the timing and pattern of revenue recognition, and additional disclosures may be required. The Company will continue assessing the impact of ASU 2014-09 on its consolidated financial statements through the date of adoption.

Other pronouncements issued but not effective until after December 31, 2016, are not expected to have a material impact on the Company's consolidated financial statements.

Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2016

Summary Of Significant Accounting Policies [Abstract]

Use Of Estimates In The Preparation Of Financial Statements

Basis Of Presentation

Reclassifications

Fair Value Of Financial Instruments

Cash Cash Equivalents And Marketable Securities

(5) CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES:



	(In thousands)
	MARKETABLE SECURITIES

	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
December 31, 2016
Tax-exempt Municipal Bonds	$	38,223	$	38,151	$	1	$	73
Variable Rate Demand Notes		46,306		46,306		-		-
Total Marketable Securities	$	84,529	$	84,457	$	1	$	73

December 31, 2015
Tax-exempt Municipal Bonds	$	20,129	$	20,115	$	4	$	18
Variable Rate Demand Notes		12,144		12,144		-		-
Total Marketable Securities	$	32,273	$	32,259	$	4	$	18

Accounts Receivable

Inventories

Property, Plant And Equipment

Goodwill

The Company's goodwill as of December 31, 2016 and 2015 was $11,485,000, relating entirely to its Defense segment, which had no cumulative impairment charges at December 31, 2016.

Intangible Assets



Years ending December 31:	(In thousands)
2017	$	3,024
2018		1,778
2019		21
2020		21
2021		21

Other Assets

Revenue Recognition

Sales & Returns

Shipping And Handling Costs

(14) SHIPPING AND HANDLING COSTS: In accordance with FASB ASC 605-45, Revenue Recognition, the Company includes shipping and handling revenues in net sales and shipping costs in cost of sales.

Advertising

Product Warranty

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
	2016		2015
Beginning balance January 1	$	487	$	377
Accruals during the period		549		677
Charges / payments made under the warranties		(493)		(567)
Balance December 31	$	543	$	487

Stock-Based Compensation

Income Taxes

Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Summary Of Significant Accounting Policies [Abstract]

Summary Of The Amortized Costs And Fair Values Of Marketable Securities



	(In thousands)
	MARKETABLE SECURITIES

	Amortized Cost		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses
December 31, 2016
Tax-exempt Municipal Bonds	$	38,223	$	38,151	$	1	$	73
Variable Rate Demand Notes		46,306		46,306		-		-
Total Marketable Securities	$	84,529	$	84,457	$	1	$	73

December 31, 2015
Tax-exempt Municipal Bonds	$	20,129	$	20,115	$	4	$	18
Variable Rate Demand Notes		12,144		12,144		-		-
Total Marketable Securities	$	32,273	$	32,259	$	4	$	18

Schedule Of Estimated Future Amortization Expense



Years ending December 31:	(In thousands)
2017	$	3,024
2018		1,778
2019		21
2020		21
2021		21

Schedule Of Changes In Product Warranty



	(In thousands)
	Year Ended December 31
	2016		2015
Beginning balance January 1	$	487	$	377
Accruals during the period		549		677
Charges / payments made under the warranties		(493)		(567)
Balance December 31	$	543	$	487

Summary Of Significant Accounting Policies (Narrative) (Details)

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)		9 Months Ended	12 Months Ended
	Jan. 03, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Significant Accounting Policies [Line Items]
Checks outstanding			$ 5,883,000	$ 4,071,000
Transfers into Level 2			0	0
Transfers out of Level 2			0	0
Proceeds from sale and maturity of available for sale securities			33,863,000	10,306,000	$ 22,959,000
Net unrealized losses included OCI			57,000	9,000	17,000
Contractual maturities of marketable securities, within one year			29,852,000
Contractual maturities of marketable securities, beyond one year to five years			14,601,000
Contractual maturities of marketable securities, beyond five years to ten years			5,117,000
Contractual maturities of marketable securities, beyond ten years			34,887,000
Goodwill			11,485,000	11,485,000
Goodwill, Cumulative Impairment Charges			0
Impairment of finite lived intangible assets					2,063,000
Gross carrying amount of intangibles			21,901,000
Accumulated amortization of intangibles			16,940,000	16,219,000
Amortization expense			721,000	5,173,000	11,991,000
Advertising expense			369,000	98,000	$ 202,000
Defense Products [Member]
Significant Accounting Policies [Line Items]
Construction in progress			3,461,000	8,928,000
Goodwill			$ 11,485,000	11,485,000
Housewares/ Small Appliances [Member]
Significant Accounting Policies [Line Items]
Construction in progress				3,100,000
Expected prepayment utilization period			2 years
Materials Prepayments			$ 10,974,000	16,254,000
Standard product warranty coverage period			60 days
Sales returns coverage period			60 days
Minimum [Member]
Significant Accounting Policies [Line Items]
Accounts receivable, collection period			25 days
Economic use period for intangibles			1 year
Minimum [Member] \| Housewares/ Small Appliances [Member]
Significant Accounting Policies [Line Items]
Standard product warranty coverage period			1 year
Minimum [Member] \| Buildings [Member]
Significant Accounting Policies [Line Items]
Useful life			15 years
Minimum [Member] \| Machinery and Equipment [Member]
Significant Accounting Policies [Line Items]
Useful life			3 years
Minimum [Member] \| Land Improvements [Member]
Significant Accounting Policies [Line Items]
Useful life			15 years
Maximum [Member]
Significant Accounting Policies [Line Items]
Accounts receivable, collection period			60 days
Economic use period for intangibles			10 years
Maximum [Member] \| Housewares/ Small Appliances [Member]
Significant Accounting Policies [Line Items]
Standard product warranty coverage period			12 years
Maximum [Member] \| Buildings [Member]
Significant Accounting Policies [Line Items]
Useful life			40 years
Maximum [Member] \| Machinery and Equipment [Member]
Significant Accounting Policies [Line Items]
Useful life			10 years
Maximum [Member] \| Land Improvements [Member]
Significant Accounting Policies [Line Items]
Useful life			20 years
Maximum [Member] \| Variable Rate Demand Notes [Member]
Significant Accounting Policies [Line Items]
Number of days to tender securites			7 days
Government Sales Contract Intangible Assets [Member]
Significant Accounting Policies [Line Items]
Gross carrying amount of intangibles			$ 21,690,000	21,690,000
Other Intangible Assets [Member]
Significant Accounting Policies [Line Items]
Gross carrying amount of intangibles			211,000
Other Current Assets [Member] \| Housewares/ Small Appliances [Member]
Significant Accounting Policies [Line Items]
Materials Prepayments			$ 6,330,000	$ 6,000,000
Subsequent Event [Member]
Significant Accounting Policies [Line Items]
Proceeds from sale	$ 67,000,000
Subsequent Event [Member] \| Scenario, Forecast [Member]
Significant Accounting Policies [Line Items]
Proceeds from sale		$ 4,000,000

Summary Of Significant Accounting Policies (Summary Of The Amortized Costs And Fair Values Of Marketable Securities) (Details)

Summary Of Significant Accounting Policies (Summary Of The Amortized Costs And Fair Values Of Marketable Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
MARKETABLE SECURITIES, Amortized Cost	$ 84,529	$ 32,273
MARKETABLE SECURITIES, Fair Value	84,457	32,259
MARKETABLE SECURITIES, Gross Unrealized Gains	1	4
MARKETABLE SECURITIES, Gross Unrealized Losses	73	18
Tax-Exempt Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
MARKETABLE SECURITIES, Amortized Cost	38,223	20,129
MARKETABLE SECURITIES, Fair Value	38,151	20,115
MARKETABLE SECURITIES, Gross Unrealized Gains	1	4
MARKETABLE SECURITIES, Gross Unrealized Losses	73	18
Variable Rate Demand Notes [Member]
Schedule of Available-for-sale Securities [Line Items]
MARKETABLE SECURITIES, Amortized Cost	46,306	12,144
MARKETABLE SECURITIES, Fair Value	$ 46,306	$ 12,144

Summary Of Significant Accounting Policies (Schedule Of Estimated Future Amortization Expense) (Details)

Summary Of Significant Accounting Policies (Schedule Of Estimated Future Amortization Expense) (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Summary Of Significant Accounting Policies [Abstract]
2017	$ 3,024
2018	1,778
2019	21
2020	21
2021	$ 21

Summary Of Significant Accounting Policies (Schedule Of Changes In Product Warranty Liability) (Details)

Summary Of Significant Accounting Policies (Schedule Of Changes In Product Warranty Liability) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary Of Significant Accounting Policies [Abstract]
Beginning balance January 1	$ 487	$ 377
Accruals during the period	549	677
Changes/payments made under the warranties	(493)	(567)
Balance December 31	$ 543	$ 487

Inventories

12 Months Ended

Dec. 31, 2016

Inventories [Abstract]

Inventories

B. INVENTORIES:

The amount of inventories valued on the LIFO basis was $25,031,000 and $27,394,000 as of December 31, 2016 and 2015, respectively, and consists of housewares/small appliance finished goods. Under LIFO, inventories are valued at approximately $2,585,000 and $3,028,000 below current cost determined on a first-in, first-out (FIFO) basis at December 31, 2016 and 2015, respectively. During the years ended December 31, 2016, 2015, and 2014, $2,451,000, $0, and $7,181,000, respectively, of a LIFO layer was liquidated. The Company uses the LIFO method of inventory accounting to improve the matching of costs and revenues for the Housewares/Small Appliance segment.

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
2016	$	443	$	(292)	$	(0.04)
2015	$	763	$	(505)	$	(0.07)
2014	$	643	$	(422)	$	(0.06)

This information is provided for comparison with companies using the FIFO basis.

Inventory for Defense and raw materials of the Housewares/Small Appliance segments are valued under the FIFO method and total $70,372,000 and $61,515,000 at December 31, 2016 and 2015, respectively. The December 31, 2016 FIFO total is comprised of $169,000 of finished goods, $66,528,000 of work in process, and $3,675,000 of raw material. At December 31, 2015 the FIFO total was comprised of $371,000 of finished goods, $57,397,000 of work in process, and $3,747,000 of raw material.

Inventories (Tables)

12 Months Ended

Dec. 31, 2016

Inventories [Abstract]

Schedule Of Potential Impact Of LIFO Valuation to FIFO Valuation



Increase (Decrease) – (In thousands, except per share data)
Year	Cost of Sales		Net Earnings		Earnings Per Share
2016	$	443	$	(292)	$	(0.04)
2015	$	763	$	(505)	$	(0.07)
2014	$	643	$	(422)	$	(0.06)

Inventories (Narrative) (Details)

Inventories (Narrative) (Details) - USD ($)	12 Months Ended
Inventories (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Inventory [Line Items]
Liquidation of LIFO layer	$ 2,451,000	$ 0	$ 7,181,000
FIFO inventory amount	70,372,000	61,515,000
Finished goods	169,000	371,000
Work in process	66,528,000	57,397,000
Raw materials and supplies	3,675,000	3,747,000
Housewares/ Small Appliances [Member]
Inventory [Line Items]
LIFO inventory amount	25,031,000	27,394,000
Inventory valuation, difference below FIFO	$ 2,585,000	$ 3,028,000

Inventories (Schedule Of Potential Impact Of LIFO Valuation to FIFO Valuation) (Details)

Inventories (Schedule Of Potential Impact Of LIFO Valuation to FIFO Valuation) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Inventories [Abstract]
Cost of Sales	$ 443	$ 763	$ 643
Net Earnings	$ (292)	$ (505)	$ (422)
Earnings Per Share	$ (0.04)	$ (0.07)	$ (0.06)

Accrued Liabilities

Accrued Liabilities	12 Months Ended
Accrued Liabilities	Dec. 31, 2016
Accrued Liabilities [Abstract]
Accrued Liabilities	C. ACCRUED LIABILITIES: At December 31, 2016, accrued liabilities consisted of payroll $4,948,000, product liability $5,172,000, environmental $1,010,000, and other $1,114,000. At December 31, 2015, accrued liabilities consisted of payroll $4,576,000, product liability $5,370,000, environmental $1,180,000, and other $1,444,000. 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.

Accrued Liabilities (Narrative) (Details)

Accrued Liabilities (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accrued Liabilities [Abstract]
Accrued product liability	$ 5,172,000	$ 5,370,000
Accrued payroll liability	4,948,000	4,576,000
Environmental accrued liability	1,010,000	1,180,000
Other accrued liabilities	$ 1,114,000	$ 1,444,000

Treasury Stock

Treasury Stock	12 Months Ended
Treasury Stock	Dec. 31, 2016
Treasury Stock [Abstract]
Treasury Stock	D. TREASURY STOCK: As of December 31, 2016, the Company has authority from the Board of Directors to reacquire an additional 504,512 shares. During 2015, 88 shares were acquired from a participant in the Company’s Incentive Compensation Plan described in Note F to cover that participant’s tax withholding obligation related to a vested stock grant in accordance with the Plan’s rules. No shares were reacquired in 2016 or 2014. Treasury shares have been used for stock based compensation and to fund a portion of the Company's 401(k) contributions.

Treasury Stock (Narrative) (Details)

Treasury Stock (Narrative) (Details) - shares	12 Months Ended
Treasury Stock (Narrative) (Details) - shares	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Treasury Stock [Abstract]
Shares approved for repurchase	504,512
Treasury stock shares acquired	0	88	0

Net Earnings Per Share

Net Earnings Per Share	12 Months Ended
Net Earnings Per Share	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	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.

Stock-Based Compensation

12 Months Ended

Dec. 31, 2016

Stock-Based Compensation [Abstract]

Stock-Based Compensation

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, which authorized 50,000 shares to be available for grants. The Compensation Committee of the Company’s Board of Directors approves all stock-based compensation awards for employees and executive officers of the Company. The Company grants restricted stock that is subject to continued employment and vesting conditions, but has dividend and voting rights, and uses the fair-market value of the Company’s common stock on the grant date to measure the fair value of the awards. The fair value of restricted stock is recognized as expense ratably over the requisite serviced period, net of estimated forfeitures.

During 2016, 2015, and 2014, the Company granted 3,162, 5,779 and 7,367 shares of restricted stock, respectively, to 21 employees and executive officers of the Company. Unless otherwise vested early in accordance with the Incentive Compensation Plan, the restricted stock vests on specified dates in 2019 through 2022, subject to the recipients’ continued employment or service through each applicable vesting date.

The Company recognized pre-tax compensation expense in the Consolidated Statements of Comprehensive Income related to stock-based compensation of $391,000, $333,000, and $265,000 in 2016, 2015, and 2014, respectively. As of December 31, 2016, there was approximately $1,150,000 of unrecognized compensation cost related to the restricted stock awards that is expected to be recognized over a weighted-average period of 3.6 years. There were 1,284, 2,570, and 0 shares of restricted stock that vested during 2016, 2015, and 2014, respectively.

The following table summarizes the activity for non-vested restricted stock:



	2016			2015			2014
	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	26,587	$	78.00	23,668	$	79.02	16,301	$	84.96
Granted	3,162		89.10	5,779		84.90	7,367		65.87
Vested	(1,284)		106.92	(2,570)		103.65	0
Forfeited	0			(290)		78.12	0
Non-vested at end of period	28,465	$	77.93	26,587	$	78.00	23,668	$	79.02

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Stock-Based Compensation [Abstract]

Schedule Of Activity For Non-Vested Restricted Sock



	2016			2015			2014
	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	26,587	$	78.00	23,668	$	79.02	16,301	$	84.96
Granted	3,162		89.10	5,779		84.90	7,367		65.87
Vested	(1,284)		106.92	(2,570)		103.65	0
Forfeited	0			(290)		78.12	0
Non-vested at end of period	28,465	$	77.93	26,587	$	78.00	23,668	$	79.02

Stock-Based Compensation (Narrative) (Details)

Stock-Based Compensation (Narrative) (Details)	12 Months Ended
Stock-Based Compensation (Narrative) (Details)	Dec. 31, 2016 USD ($) employee shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	50,000
Number of plan participants \| employee	21
Pre-tax compensation expense \| $	$ 391,000	$ 333,000	$ 265,000
Unrecognized compensation cost \| $	$ 1,150,000
Unrecognized compensation cost, recognition period	3 years 7 months 6 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting year	2019
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting year	2022
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	3,162	5,779	7,367
Shares vested	1,284	2,570	0

Stock-Based Compensation (Schedule Of Activity For Non-Vested Restricted Stock) (Details)

Stock-Based Compensation (Schedule Of Activity For Non-Vested Restricted Stock) (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested at beginning of period, Shares	26,587	23,668	16,301
Granted, Shares	3,162	5,779	7,367
Vested, Shares	(1,284)	(2,570)	0
Forfeited, Shares	0	(290)	0
Non-vested at end of period, Shares	28,465	26,587	23,668
Non-vested at beginning of period, Weighted Average Fair Value at Grant Date	$ 78.00	$ 79.02	$ 84.96
Granted, Weighted Average Fair Value at Grant Date	89.10	84.90	65.87
Vested, Weighted Average Fair Value at Grant Date	106.92	103.65
Forfeited, Weighted Average Fair Value at Grant Date		78.12
Non-vested at end of period, Weighted Average Fair Value at Grant Date	$ 77.93	$ 78.00	$ 79.02

401(k) Plan

401(k) Plan	12 Months Ended
401(k) Plan	Dec. 31, 2016
401(k) Plan [Abstract]
401(k) Plan	G. 401(K) PLAN: The Company sponsors a 401(k) retirement plan that covers substantially all non-union employees. Historically, the Company matched up to 50% of the first 4% of salary contributed by employees to the plan. This matching contribution was made with common stock. Starting in 2004, the Company began to match, in cash, an additional 50% of the first 4% of salary contributed by employees plus 3% of total compensation for certain employees. Contributions made from treasury stock, including the Company's related cash dividends, totaled $1,225,000 in 2016, $1,098,000 in 2015, and $1,066,000 in 2014. In addition, the Company made cash contributions of $924,000 in 2016, $941,000 in 2015, and $887,000 in 2014 to the 401(k) Plan. The Company also contributed $358,000, $393,000, and $307,000 to the 401(k) retirement plan covering its union employees at the Amron Division of the AMTEC subsidiary during the years ended December 31, 2016, 2015, and 2014, respectively.

401(k) Plan (Narrative) (Details)

401(k) Plan (Narrative) (Details) - USD ($)	12 Months Ended
401(k) Plan (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Employer Contribution Common Stock [Member]
Defined Contribution Plan Disclosure [Line Items]
Percentage of specified salary amount matched by employer	50.00%
Percentage of employee salary eligible for matching	4.00%
Employer contributions	$ 1,225,000	$ 1,098,000	$ 1,066,000
Employer Contribution Cash [Member]
Defined Contribution Plan Disclosure [Line Items]
Percentage of specified salary amount matched by employer	50.00%
Percentage of employee salary eligible for matching	4.00%
Employer contributions	$ 924,000	941,000	887,000
Certain Employees [Member]
Defined Contribution Plan Disclosure [Line Items]
Percentage of employee salary eligible for matching	3.00%
Defined Benefit Plan, Union Employees [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer contributions	$ 358,000	$ 393,000	$ 307,000

Income Taxes

12 Months Ended

Dec. 31, 2016

Income Taxes [Abstract]

Income Taxes

H. INCOME TAXES:

The following table summarizes the provision for income taxes from continuing operations:



	For Years Ended December 31 (in thousands)
	2016		2015		2014
Current:
Federal	$	14,391	$	21,346	$	15,190
State		656		412		1,260
		15,047		21,758		16,450
Deferred:
Federal		5,799		(989)		(651)
State		561		(9)		(354)
		6,360		(998)		(1,005)
Total tax provision	$	21,407	$	20,760	$	15,445

The effective rate of the provision for income taxes on earnings from continuing operations 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
	2016	2015	2014
Statutory rate	35.0%	35.0%	35.0%
State tax, net of federal benefit	1.2%	0.4%	1.3%
Tax exempt interest and dividends	(0.2%)	0.0%	(0.1%)
Other	(2.2%)	(2.4%)	(2.8%)
Effective rate	33.8%	33.0%	33.4%

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)
	2016		2015
Deferred tax assets
Goodwill and other intangibles	$	-	$	4,915
Doubtful accounts		2,878		3,561
Insurance (primarily product liability)		1,594		1,934
Vacation		893		993
Inventory		628		520
Deferred compensation		338		304
Other		430		549
Total deferred tax assets		6,761		12,776

Deferred tax liabilities
Depreciation		8,067		9,440
Goodwill and other intangibles		1,698		-
Total deferred tax liabilities		9,765		9,440

Net deferred tax assets (liabilities)	$	(3,004)	$	3,336

The Company establishes tax reserves in accordance with FASB ASC 740, Income Taxes. As of December 31, 2016, the carrying amount of the Company’s gross unrecognized tax benefits was $288,000 which, if recognized, would affect the Company’s effective income tax rate.

The following is a reconciliation of the Company’s unrecognized tax benefits for the years ended December 31, 2016 and 2015:



	(In thousands)
	2016		2015
Balance at January 1	$	312	$	238
Increases for tax positions taken related to the current year		80		83
Increases for tax positions taken related to prior years		-		23
Decreases for tax positions taken related to prior years		(8)		-
Lapse of statute of limitations		-		(32)
Settlements		(96)		-
Balance at December 31	$	288	$	312

It is the Company’s practice to include tax related interest expense, interest income, and penalties in tax expense. For the year ended December 31, 2015, $482,000 of interest income associated with tax refunds is included in tax expense. During the years ended December 31, 2016 and 2015, the Company accrued approximately $15,000 and $13,000 in interest expense, respectively.

The Company is subject to U.S. federal income tax as well as income taxes of multiple states. During June of 2016, the Internal Revenue Service completed its audits of the tax years 2012 and 2013. As a result of the audits, the tax amortization period of certain intangible assets was shortened. During January of 2015, the state of Wisconsin completed its audits of the tax years 2009 through 2012. For all states in which it does business, the Company is subject to state audit statutes.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes [Abstract]

Schedule Of Provision For Income Taxes



	For Years Ended December 31 (in thousands)
	2016		2015		2014
Current:
Federal	$	14,391	$	21,346	$	15,190
State		656		412		1,260
		15,047		21,758		16,450
Deferred:
Federal		5,799		(989)		(651)
State		561		(9)		(354)
		6,360		(998)		(1,005)
Total tax provision	$	21,407	$	20,760	$	15,445

Reconciliation Of Statutory Rate to Effective Rate



	Percent of Pre-tax Income
	2016	2015	2014
Statutory rate	35.0%	35.0%	35.0%
State tax, net of federal benefit	1.2%	0.4%	1.3%
Tax exempt interest and dividends	(0.2%)	0.0%	(0.1%)
Other	(2.2%)	(2.4%)	(2.8%)
Effective rate	33.8%	33.0%	33.4%

Schedule Of Deferred Tax Assets And Liabilities



	(In thousands)
	2016		2015
Deferred tax assets
Goodwill and other intangibles	$	-	$	4,915
Doubtful accounts		2,878		3,561
Insurance (primarily product liability)		1,594		1,934
Vacation		893		993
Inventory		628		520
Deferred compensation		338		304
Other		430		549
Total deferred tax assets		6,761		12,776

Deferred tax liabilities
Depreciation		8,067		9,440
Goodwill and other intangibles		1,698		-
Total deferred tax liabilities		9,765		9,440

Net deferred tax assets (liabilities)	$	(3,004)	$	3,336

Reconciliation Of Unrecognized Tax Benefits



	(In thousands)
	2016		2015
Balance at January 1	$	312	$	238
Increases for tax positions taken related to the current year		80		83
Increases for tax positions taken related to prior years		-		23
Decreases for tax positions taken related to prior years		(8)		-
Lapse of statute of limitations		-		(32)
Settlements		(96)		-
Balance at December 31	$	288	$	312

Income Taxes (Narrative) (Details)

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Unrecognized Tax Benefits	$ 288,000	$ 312,000	$ 238,000
Interest Income on Tax Refund		482,000
Gross unrecognized tax benefits	288,000	312,000	$ 238,000
Accrued interest included in tax expense	15,000	13,000
Income Tax Examination, Penalties and Interest Accrued	$ 15,000	$ 13,000

Income Taxes (Schedule Of Provision For Income Taxes) (Details)

Income Taxes (Schedule Of Provision For Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Current, Federal	$ 14,391	$ 21,346	$ 15,190
Current, State	656	412	1,260
Current provision for income taxes	15,047	21,758	16,450
Deferred, Federal	5,799	(989)	(651)
Deferred, State	561	(9)	(354)
Deferred provision for income taxes	6,360	(998)	(1,005)
Total tax provision	$ 21,407	$ 20,760	$ 15,445

Income Taxes (Reconciliation Of Statutory Rate to Effective Rate) (Details)

Income Taxes (Reconciliation Of Statutory Rate to Effective Rate) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Statutory rate	35.00%	35.00%	35.00%
State tax, net of federal benefit	1.20%	0.40%	1.30%
Tax exempt interest and dividends	(0.20%)	(0.00%)	(0.10%)
Other	(2.20%)	(2.40%)	(2.80%)
Effective Rate	33.80%	33.00%	33.40%

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details)

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Abstract]
Goodwill and other intangibles		$ 4,915
Doubtful accounts	$ 2,878	3,561
Insurance (primarily product liability)	1,594	1,934
Vacation	893	993
Inventory	628	520
Deferred compensation	338	304
Other	430	549
Total deferred tax assets	6,761	12,776
Depreciation	8,067	9,440
Goodwill and other intangibles	1,698
Total deferred tax liabilities	9,765	9,440
Net deferred tax assets (liabilities)	$ (3,004)	$ 3,336

Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details)

Income Taxes (Reconciliation Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Abstract]
Balance at January 1	$ 312	$ 238
Additions for tax positions taken related to the current year	80	83
Additions for tax positions taken related to prior years		23
Reductions for tax positions taken related to prior years	(8)
Lapse of statue of limitations		(32)
Settlements	(96)
Balance at December 31	$ 288	$ 312

Commitments And Contingencies

Commitments And Contingencies	12 Months Ended
Commitments And Contingencies	Dec. 31, 2016
Commitments And Contingencies [Abstract]
Commitments And Contingencies	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 have a material effect on the Company's consolidated financial position, liquidity, or results of operations.

Concentrations

Concentrations	12 Months Ended
Concentrations	Dec. 31, 2016
Concentrations [Abstract]
Concentrations	J. CONCENTRATIONS: In the Housewares/Small Appliance segment, one customer accounted for 11%, 12%, and 12% of consolidated net sales for the years ended December 31, 2016, 2015, and 2014, respectively. The Company sources most of its housewares/small appliances 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 be available in sufficient quantities during the prime selling period. The Company has made and will continue to make every reasonable effort to prevent these problems; however, there is no assurance that its efforts will be totally effective. As the majority of the Housewares/Small Appliance segment’s suppliers are located in China, periodic changes in the U.S. dollar and Chinese Renminbi (RMB) exchange rates do have an impact on the segment’s product costs. To date, any material impact from fluctuations in the exchange rate has been to the cost of products secured via purchase orders issued subsequent to the currency value change. Foreign transaction gains/losses are immaterial to the financial statements for all years presented. 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 2016, 2015, and 2014, substantially all of the work performed by this segment directly or indirectly for the DOD was performed on a fixed-price basis. Under fixed-price contracts, the price paid to the contractor is awarded based on competition at the outset of the contract and therefore, with the exception of limited escalation provisions on specific materials, is generally not subject to any adjustments reflecting the actual costs incurred by the contractor. In addition, in the case of the 40mm systems contract, key components and services are provided by third party subcontractors, several of which the segment is required to work with by government edict. Under the contract, the segment is responsible for the performance of those subcontractors, many of which it does not control. The Defense segment's contracts and subcontracts contain the customary provision permitting termination at any time for the convenience of the government, with payment for any work completed, associated profit, and inventory/work in process at the time of termination. Materials used in the Defense segment are available from multiple sources. As of December 31, 2016, 174 employees of Amron, or 15% of the Company’s and its subsidiaries’ total workforce, are members of the United Steel Workers union. The most recent contract between Amron and the union is effective through February 29, 2020.

Concentrations (Narrative) (Details)

Concentrations (Narrative) (Details)	12 Months Ended
Concentrations (Narrative) (Details)	Dec. 31, 2016 employee customer	Dec. 31, 2015 customer	Dec. 31, 2014 customer
Concentration Risk [Line Items]
Number of entity empolyees, union members \| employee	174
Percentage of entity employees, union members	15.00%
Housewares/ Small Appliances [Member]
Concentration Risk [Line Items]
Major customers contributing to net sales \| customer	1	1	1
Housewares/ Small Appliances [Member] \| Net Sales [Member]
Concentration Risk [Line Items]
Major customer, percentage	11.00%	12.00%	12.00%

Environmental

12 Months Ended

Dec. 31, 2016

Environmental [Abstract]

Environmental

K. ENVIRONMENTAL

In May 1986, the Company’s Eau Claire, Wisconsin site was placed on the United States Environmental Protection Agency’s National Priorities List under the Comprehensive Environmental Response, Compensation and Liability Act of 1980 because of hazardous waste deposited on the property. As of December 31, 1998, all remediation projects required at the Company's Eau Claire, Wisconsin site had been installed, were fully operational, and restoration activities had been completed. In addition, the Company is a member of a group of companies that may have disposed of waste into an Eau Claire area landfill in the 1960s and 1970s. After the landfill was closed, elevated volatile organic compounds were discovered in the groundwater. Remediation plans were established, and the costs associated with remediation and monitoring at the landfill are split evenly between the group and the City of Eau Claire. As of December 31, 2016, there does not appear to be exposure related to this site that would have a material impact on the operations or financial condition of the Company.

Based on factors known as of December 31, 2016, it is believed that the Company's existing environmental accrued liability reserve will be adequate to satisfy on-going remediation operations and monitoring activities both on- and off-site; however, should environmental agencies require additional studies, extended monitoring, or remediation projects, it is possible that the existing accrual could be inadequate. Management believes that in the absence of any unforeseen future developments, known environmental matters will not have any material effect on the results of operations or financial condition of the Company. The Company’s environmental accrued liability on an undiscounted basis was $1,010,000 and $1,180,000 as of December 31, 2016 and 2015, respectively, and is included in accrued liabilities on its balance sheet.

Expected future payments for environmental matters are as follows:



	(In thousands)
Years Ending December 31:
2017	$	240
2018		154
2019		138
2020		122
2021		106
Thereafter		250
	$	1,010

Environmental (Tables)

12 Months Ended

Dec. 31, 2016

Environmental [Abstract]

Schedule Of Expected Future Payments Of Environmental Matters [Table Text Block]



	(In thousands)
Years Ending December 31:
2017	$	240
2018		154
2019		138
2020		122
2021		106
Thereafter		250
	$	1,010

Environmental (Narrative) (Details)

Environmental (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Environmental [Abstract]
Environmental accrued liability	$ 1,010,000	$ 1,180,000

Environmental (Schedule Of Expected Future Payments Of Environmental Matters) (Details)

Environmental (Schedule Of Expected Future Payments Of Environmental Matters) (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Environmental [Abstract]
2017	$ 240
2018	154
2019	138
2020	122
2021	106
Thereafter	250
Future payments for environmental matters	$ 1,010

Business Segments

12 Months Ended

Dec. 31, 2016

Business Segments [Abstract]

Business Segments

L. BUSINESS SEGMENTS:

The Company operates in two 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 and Defense. Sales for both segments are primarily to customers in North America. On January 3, 2017, the Company and its wholly-owned subsidiary, Presto Absorbent Products, Inc. (“PAPI”), entered into an asset purchase agreement wherein substantially all PAPI assets were sold and certain liabilities were assigned to Drylock Technologies, LTD. As a result of this transaction, effective in the fourth quarter of 2016, the Company classified its results of operations for all periods presented to reflect its Absorbent Products business as a discontinued operation and classified the assets and liabilities of its Absorbent Products business as held for sale. The operations of PAPI previously comprised the Company’s Absorbent Products segment. See Note R for further discussion.

The Housewares/Small Appliance segment designs, markets, and distributes housewares and small appliances. These 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 quarter of the year prior to the holiday season.

The Defense segment was started in 2001 with the acquisition of AMTEC Corporation, which manufactures precision mechanical and electromechanical assemblies for the U.S. Government and prime contractors. During 2005, and again during 2010, AMTEC Corporation was one of two prime contractors selected by the Army to supply all requirements for the 40mm family of practice and tactical ammunition cartridges for a period of five years. AMTEC's manufacturing plant is located in Janesville, Wisconsin. Since the inception of the Defense segment in 2001, the Company has expanded the segment by making several strategic business acquisitions, and has additional facilities located in East Camden, Arkansas; Antigo, Wisconsin; Perry, Florida; and Clear Lake, South Dakota. During 2003, this segment was expanded with the acquisition of Spectra Technologies, LLC of East Camden, Arkansas. This facility performs Load, Assemble, and Pack (LAP) operations on ordnance-related products for the U.S. Government and prime contractors. During 2006, the segment was expanded with the acquisition of certain assets of Amron, LLC of Antigo, Wisconsin, which primarily manufactures cartridge cases used in medium caliber (20-40mm) ammunition. In 2011 the segment was further augmented with the purchase of certain assets of ALS Technologies, Inc. of Bull Shoals, Arkansas, which manufactures less lethal ammunitions. The Company subsequently relocated this operation to Perry, Florida. During 2014, the Company continued the expansion of the Defense segment with the purchase of substantially all of the assets of Chemring Energetic Devices, Inc. located in Clear Lake, South Dakota, and all of the real property owned by Technical Ordnance Realty, LLC. The Clear Lake facility manufactures detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. See Note P for further discussion of the Clear Lake acquisition. The Defense segment’s collection of facilities enables the Company to deliver in virtually all aspects of the manufacture of medium caliber training and tactical rounds and less lethal ammunition. They include the fuze, the metal parts including the cartridge case, the load, assemble and pack of the final round, and the detonator.

In the following summary, operating profit represents earnings (loss) before other income (loss), principally interest income, and income taxes. The Company's segments operate discretely from each other with no shared manufacturing facilities. Costs associated with corporate activities (such as cash and marketable securities management) and the assets associated with such activities are included within the Housewares/Small Appliance segment for all periods presented.



	(in thousands)
	Housewares / Small Appliance		Defense		Assets Held for Sale		Total
Year ended December 31, 2016
External net sales	$	108,128	$	233,777			$	341,905
Gross profit		20,963		64,699				85,662
Operating profit		9,677		52,835				62,512
Total assets		200,639		158,062	$	58,893		417,594
Depreciation and amortization		1,045		7,830				8,875
Capital expenditures		1,351		3,473				4,824

Year ended December 31, 2015
External net sales	$	125,944	$	229,705			$	355,649
Gross profit		27,455		61,978				89,433
Operating profit		16,106		46,419				62,525
Total assets		184,385		143,189	$	59,810		387,384
Depreciation and amortization		923		7,905				8,828
Capital expenditures		3,955		121				4,076

Year ended December 31, 2014
External net sales	$	125,653	$	221,545			$	347,198
Gross profit		24,097		57,209				81,306
Operating profit		13,513		32,317				45,830
Total assets		161,812		149,466	$	62,793		374,071
Depreciation and amortization		954		14,555				15,509
Capital expenditures		571		1,165				1,736

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

Business Segments (Tables)

12 Months Ended

Dec. 31, 2016

Business Segments [Abstract]

Summary Of Business Segments Information



	(in thousands)
	Housewares / Small Appliance		Defense		Assets Held for Sale		Total
Year ended December 31, 2016
External net sales	$	108,128	$	233,777			$	341,905
Gross profit		20,963		64,699				85,662
Operating profit		9,677		52,835				62,512
Total assets		200,639		158,062	$	58,893		417,594
Depreciation and amortization		1,045		7,830				8,875
Capital expenditures		1,351		3,473				4,824

Year ended December 31, 2015
External net sales	$	125,944	$	229,705			$	355,649
Gross profit		27,455		61,978				89,433
Operating profit		16,106		46,419				62,525
Total assets		184,385		143,189	$	59,810		387,384
Depreciation and amortization		923		7,905				8,828
Capital expenditures		3,955		121				4,076

Year ended December 31, 2014
External net sales	$	125,653	$	221,545			$	347,198
Gross profit		24,097		57,209				81,306
Operating profit		13,513		32,317				45,830
Total assets		161,812		149,466	$	62,793		374,071
Depreciation and amortization		954		14,555				15,509
Capital expenditures		571		1,165				1,736

Business Segments (Narrative) (Details)

Business Segments (Narrative) (Details)	12 Months Ended
Business Segments (Narrative) (Details)	Dec. 31, 2016 segment	Dec. 31, 2010 contract
Business Segments [Abstract]
Operating segments \| segment	2
Government contract, number of contractors \| contract		2
Supply commitment, commitment term		5 years

Business Segments (Schedule Of Segment Information) (Details)

Business Segments (Schedule Of Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
External net sales	$ 131,914	$ 74,533	$ 69,516	$ 65,942	$ 115,744	$ 72,325	$ 84,609	$ 82,971	$ 341,905	$ 355,649	$ 347,198
Gross profit	35,353	$ 17,094	$ 17,167	$ 16,048	29,659	$ 18,605	$ 20,560	$ 20,609	85,662	89,433	81,306
Operating profit									62,512	62,525	45,830
Total assets	417,594				387,384				417,594	387,384	374,071
Depreciation and amortization									8,875	8,828	15,509
Capital expenditures									4,824	4,076	1,736
Housewares/ Small Appliances [Member]
Segment Reporting Information [Line Items]
External net sales									108,128	125,944	125,653
Gross profit									20,963	27,455	24,097
Operating profit									9,677	16,106	13,513
Total assets	200,639				184,385				200,639	184,385	161,812
Depreciation and amortization									1,045	923	954
Capital expenditures									1,351	3,955	571
Defense Products [Member]
Segment Reporting Information [Line Items]
External net sales									233,777	229,705	221,545
Gross profit									64,699	61,978	57,209
Operating profit									52,835	46,419	32,317
Total assets	158,062				143,189				158,062	143,189	149,466
Depreciation and amortization									7,830	7,905	14,555
Capital expenditures									3,473	121	1,165
Discontinued Operations Held-for-sale [Member]
Segment Reporting Information [Line Items]
Total assets	$ 58,893				$ 59,810				$ 58,893	$ 59,810	$ 62,793

Operating Leases

12 Months Ended

Dec. 31, 2016

Operating Leases [Abstract]

Operating Leases

M. OPERATING LEASES

The Company leases office, manufacturing, and warehouse facilities and equipment under non-cancelable operating leases, many of which contain renewal options ranging from one to five years. Rent expense was approximately $1,040,000, $888,000, and $825,000 for the years ended December 31, 2016, 2015, and 2014, respectively. Future minimum annual rental payments required under operating leases are as follows:



Years ending December 31:	(In thousands)
2017	$	437
2018		242
2019		43
2020		22
	$	744

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details

Operating Leases (Tables)

12 Months Ended

Dec. 31, 2016

Operating Leases [Abstract]

Schedule Of Future Annual Rental Payments



Years ending December 31:	(In thousands)
2017	$	437
2018		242
2019		43
2020		22
	$	744

Operating Leases (Narrative) (Details)

Operating Leases (Narrative) (Details) - USD ($)	12 Months Ended
Operating Leases (Narrative) (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Rent Expense	$ 1,040,000	$ 888,000	$ 825,000
Minimum [Member]
Operating leases, renewal option term	1 year
Maximum [Member]
Operating leases, renewal option term	5 years

Operating Leases (Schedule Of Future Annual Rental Payments) (Details)

Operating Leases (Schedule Of Future Annual Rental Payments) (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Operating Leases [Abstract]
2017	$ 437
2018	242
2019	43
2020	22
Future minimum operating lease payments	$ 744

Interim Financial Information

12 Months Ended

Dec. 31, 2016

Interim Financial Information [Abstract]

Interim Financial Information

N. INTERIM FINANCIAL INFORMATION (UNAUDITED):

The following represents quarterly unaudited financial information for 2016 and 2015:



	(In thousands, except per share data)
											Per Share (basic and diluted)
Quarter	Net Sales		Gross Profit		Earnings from Continuing Operations		Earnings (Loss) from Discontinued Operations, net of tax		Net Earnings		Earnings from Continuing Operations		Earnings (Loss) from Discontinued Operations, net of tax		Net Earnings
2016
First	$	65,942	$	16,048	$	6,510	$	701	$	7,211	$	0.94	$	0.10	$	1.04
Second		69,516		17,167		7,936		338		8,274		1.14		0.05		1.19
Third		74,533		17,094		7,767		537		8,304		1.11		0.08		1.19
Fourth		131,914		35,353		19,702		1,073		20,775		2.82		0.15		2.97
Total	$	341,905	$	85,662	$	41,915	$	2,649	$	44,564	$	6.01	$	0.38	$	6.39

2015
First	$	82,971	$	20,609	$	8,299	$	(190)	$	8,109	$	1.20	$	(0.03)	$	1.17
Second		84,609		20,560		9,636		(516)		9,120		1.38		(0.07)		1.31
Third		72,325		18,605		8,157		(46)		8,111		1.18		(0.01)		1.17
Fourth		115,744		29,659		16,070		(914)		15,156		2.31		(0.13)		2.18
Total	$	355,649	$	89,433	$	42,162	$	(1,666)	$	40,496	$	6.07	$	(0.24)	$	5.83

As shown above, fourth quarter sales are significantly impacted by the holiday driven seasonality of the Housewares/Small Appliance segment. This segment orders/purchases inventory during the first three quarters to meet the sales demand of the fourth quarter. The Defense segment is typically non-seasonal.

Interim Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Interim Financial Information [Abstract]

Schedule Of Quarterly Financial Information



	(In thousands, except per share data)
											Per Share (basic and diluted)
Quarter	Net Sales		Gross Profit		Earnings from Continuing Operations		Earnings (Loss) from Discontinued Operations, net of tax		Net Earnings		Earnings from Continuing Operations		Earnings (Loss) from Discontinued Operations, net of tax		Net Earnings
2016
First	$	65,942	$	16,048	$	6,510	$	701	$	7,211	$	0.94	$	0.10	$	1.04
Second		69,516		17,167		7,936		338		8,274		1.14		0.05		1.19
Third		74,533		17,094		7,767		537		8,304		1.11		0.08		1.19
Fourth		131,914		35,353		19,702		1,073		20,775		2.82		0.15		2.97
Total	$	341,905	$	85,662	$	41,915	$	2,649	$	44,564	$	6.01	$	0.38	$	6.39

2015
First	$	82,971	$	20,609	$	8,299	$	(190)	$	8,109	$	1.20	$	(0.03)	$	1.17
Second		84,609		20,560		9,636		(516)		9,120		1.38		(0.07)		1.31
Third		72,325		18,605		8,157		(46)		8,111		1.18		(0.01)		1.17
Fourth		115,744		29,659		16,070		(914)		15,156		2.31		(0.13)		2.18
Total	$	355,649	$	89,433	$	42,162	$	(1,666)	$	40,496	$	6.07	$	(0.24)	$	5.83

Interim Financial Information (Schedule Of Quarterly Financial Information) (Details)

Interim Financial Information (Schedule Of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interim Financial Information [Abstract]
Net Sales	$ 131,914	$ 74,533	$ 69,516	$ 65,942	$ 115,744	$ 72,325	$ 84,609	$ 82,971	$ 341,905	$ 355,649	$ 347,198
Gross Profit	35,353	17,094	17,167	16,048	29,659	18,605	20,560	20,609	85,662	89,433	81,306
Earnings from continuing operations	19,702	7,767	7,936	6,510	16,070	8,157	9,636	8,299	41,915	42,162	30,752
Earnings (loss) from discontinued operations, net of tax	1,073	537	338	701	(914)	(46)	(516)	(190)	2,649	(1,666)	(4,275)
Net earnings	$ 20,775	$ 8,304	$ 8,274	$ 7,211	$ 15,156	$ 8,111	$ 9,120	$ 8,109	$ 44,564	$ 40,496	$ 26,477
Earnings from continuing operations per share, basic and diluted	$ 2.82	$ 1.11	$ 1.14	$ 0.94	$ 2.31	$ 1.18	$ 1.38	$ 1.20	$ 6.01	$ 6.07	$ 4.44
Earnings (loss) from discontinued operations per share, net of tax, basic and diluted	0.15	0.08	0.05	0.10	(0.13)	(0.01)	(0.07)	(0.03)	0.38	(0.24)	(0.62)
Net earnings per share	$ 2.97	$ 1.19	$ 1.19	$ 1.04	$ 2.18	$ 1.17	$ 1.31	$ 1.17	$ 6.39	$ 5.83	$ 3.82

- Definition

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

Line Of Credit And Commercial Letters Of Credit

Line Of Credit And Commercial Letters Of Credit	12 Months Ended
Line Of Credit And Commercial Letters Of Credit	Dec. 31, 2016
Line of Credit And Commercial Letters Of Credit [Abstract]
Line Of Credit And Commercial Letters Of Credit	O. LINE OF CREDIT AND COMMERCIAL LETTERS OF CREDIT The Company maintains an unsecured line of credit for short term operating cash needs. The line of credit is renewed each year at the end of the third quarter. As of December 31, 2016 and 2015, the line of credit limit was set at $5,000,000, with $0 outstanding on both dates. The interest rate on the line of credit is reset monthly to the London Inter-Bank Offered Rate (LIBOR) plus one half of one percent. In addition, the Company had issued commercial letters of credit totaling $1,803,000 and $303,000 as of December 31, 2016 and 2015, respectively, related to performance on certain customer contracts. As of December 31, 2016, the entire balance of the issued letters of credit had not been drawn upon.

Line Of Credit And Commercial Letters Of Credit (Narrative) (Details)

Line Of Credit And Commercial Letters Of Credit (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Percentage over LIBOR	0.50%
Letters of credit	$ 1,803,000	$ 303,000
Domestic Line of Credit [Member]
Line of credit limit	5,000,000	5,000,000
Line of credit outstanding	$ 0	$ 0

Business Acquisition

12 Months Ended

Dec. 31, 2016

Business Acquisition [Abstract]

Business Acquisition

P. BUSINESS ACQUISITION

On January 24, 2014, AMTEC Corporation, a wholly-owned subsidiary of the Company, purchased substantially all of the assets of Chemring Energetic Devices, Inc.’s business located in Clear Lake, South Dakota, and all of the real property owned by Technical Ordnance Realty, LLC. The Clear Lake facility is a manufacturer of detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. Its major customers include U.S. and foreign government agencies, AMTEC Corporation, and other defense contractors. The acquisition of the Clear Lake facility complements the Defense segment’s existing line of products. The total consideration transferred was $10,534,000, consisting of $10,000,000 of cash paid at closing, and an additional cash payment of $534,000, which was made during the second quarter of 2014.

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 fair value of the property, plant and equipment was based upon the assessed value of the land, which was determined to approximate fair value, as well as the income approach in determining the fair value of building improvements and equipment. 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 the acquisition date.



	(in thousands)

Receivables	$	1,498
Inventory		4,688
Other current assets		28
Property, plant and equipment		4,800
Total assets acquired		11,014
Less: Current liabilities assumed		480
Net assets acquired	$	10,534

The amount shown above for receivables represents the gross accounts receivable from the sales of goods, net of an allowance for doubtful accounts of $20,000.

The Company’s results of operations for 2014 includes revenue of $13,732,000 and earnings of $1,268,000 from the acquired facility from the date of acquisition through December 31, 2014. The following pro forma condensed consolidated results of operations has been prepared as if the acquisition had occurred as of January 1, 2014.



		(unaudited)
		(in thousands, except per share data)
	2014

Net sales	$	347,833
Net earnings		26,197

Net earnings per share (basic and diluted)	$	3.78
Weighted average shares outstanding (basic and diluted)		6,930

The unaudited pro forma financial information presented above is not intended to represent or be indicative of what would have occurred if the transactions had taken place on the dates presented and is not indicative of what the Company’s actual results of operations would have been had the acquisitions been completed at the beginning of the periods indicated above. The pro forma combined results reflect one-time costs to fully merge and operate the combined organization more efficiently, but do not reflect anticipated synergies expected to result from the combination and should not be relied upon as being indicative of the future results that the Company will experience.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2016

Business Acquisition [Abstract]

Summary of Assets Acquired and Liabilities Assumed in a Business Combination



	(in thousands)

Receivables	$	1,498
Inventory		4,688
Other current assets		28
Property, plant and equipment		4,800
Total assets acquired		11,014
Less: Current liabilities assumed		480
Net assets acquired	$	10,534

Summary Pro Forma Results of Operations for a Material Business Acquisition



		(unaudited)
		(in thousands, except per share data)
	2014

Net sales	$	347,833
Net earnings		26,197

Net earnings per share (basic and diluted)	$	3.78
Weighted average shares outstanding (basic and diluted)		6,930

Business Acquisition (Narrative) (Details)

Business Acquisition (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended									12 Months Ended
	Jan. 24, 2014	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Jun. 29, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Net sales		$ 131,914	$ 74,533	$ 69,516	$ 65,942	$ 115,744	$ 72,325	$ 84,609	$ 82,971		$ 341,905	$ 355,649	$ 347,198
Tech Ord [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 10,534
Cash Paid to Acquire Business	10,000									$ 534
Estimated Amount of Acquired Receivable Uncollectible	$ 20
Revenue of Acquiree Included in Consolidated Income Statement Since Acquisition Date													13,732
Earnings of Acquiree Included in Consolidated Income Statement Since Acquisition Date													$ 1,268

Business Acquisition (Schedule of Assets Acquired and Liabilities Assumed) (Details)

Business Acquisition (Schedule of Assets Acquired and Liabilities Assumed) (Details) - Tech Ord [Member] $ in Thousands	Jan. 24, 2014 USD ($)
Business Acquisition [Line Items]
Receivables	$ 1,498
Inventory	4,688
Other Current Assets	28
Property, Plant and Equipment	4,800
Total Assets Acquired	11,014
Less: Current Liabilities Assumed	480
Net Assets Acquired	$ 10,534

Business Acquisition (Schedule of Pro Forma Results of Operations) (Details)

Business Acquisition (Schedule of Pro Forma Results of Operations) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Basic and diluted	6,970,000	6,951,000	6,930,000
Tech Ord [Member]
Business Acquisition [Line Items]
Net Sales			$ 347,833
Net Earnings			$ 26,197
Net earnings per share (basic and diluted)			$ 3.78
Basic and diluted			6,930,000

Acquisition of Competitor's Assets

Acquisition of Competitor's Assets	12 Months Ended
Acquisition of Competitor's Assets	Dec. 31, 2016
Acquisition of Competitors Assets [Abstract]
Acquisition of Competitors Assets	Q. ACQUISITION OF COMPETITOR’S ASSETS On November 7, 2013, AMTEC Corporation, a wholly owned subsidiary of the Company, purchased certain assets from its competitor, DSE, Inc. The transaction was considered an acquisition of assets. DSE was the minority prime contractor for the 40mm ammunition system to the Department of Defense. At the time of purchase, DSE had terminated virtually all of its employees and was no longer manufacturing product. The primary assets acquired were a customer contract intangible of $21,690,000 related to government contract backlog of approximately $188,000,000, inventory valued at $11,590,000, and equipment of $14,245,000. As it already had the personnel, facilities and production equipment in place to fill the acquired backlog, AMTEC did not purchase any of DSE’s plants or land and did not acquire or retain DSE’s management, operational, resource management, or distribution processes. It also did not procure any of DSE’s trademarks or seek to find or hire DSE’s former employees. The purchase consideration was $47,803,000, consisting of $46,465,000 of cash paid and $1,338,000 liabilities incurred. This amount does include the customary post-closing adjustments and the valuation of certain liabilities incurred.

Acquisition of Competitor's Assets (Narrative) (Details)

Acquisition of Competitor's Assets (Narrative) (Details) - USD ($) $ in Thousands	Nov. 07, 2013	Dec. 31, 2016	Dec. 31, 2015
Acquisition of Competitors Assets [Abstract]
Customer Contract Intangible Acquired from Competitor	$ 21,690
Government Contract Backlog Acquired from Competitor	188,000
Inventory Acquired from Competitor	11,590
Equipment Acquired from Competitor	14,245
Acquisition of Competitors Assets Consideration Transferred Total	47,803
Acquisition of Competitors Assets Payments to Acquire Gross	46,465
Acquisition of Competitors Assets Consideration Transferred Liabilities Incurred	$ 1,338
Inventory		$ 95,403	$ 88,909
Machinery and Equipment, Gross		$ 49,218	$ 48,701

Discontinued Operations

12 Months Ended

Dec. 31, 2016

Discontinued Operations [Abstract]

Discontinued Operations

R. DISCONTINUED OPERATIONS

The following table summarizes the results of the Absorbent Products business within discontinued operations for each of the periods presented:



	For the years ended December 31,
(in thousands)	2016		2015		2014
Net sales	$	76,555	$	72,041	$	65,165
Cost of sales		(70,848)		(71,897)		(69,270)
Selling and general expenses		(2,618)		(2,275)		(1,794)
Other income (expense)		976		(1)		(1)
Earnings (loss) from discontinued operations before provision for income taxes		4,065		(2,132)		(5,900)
Provision for (benefit from) income taxes from discontinued operations		1,416		(466)		(1,625)
Earnings (loss) from discontinued operations, net of tax	$	2,649	$	(1,666)	$	(4,275)

The following table summarizes the major classes of assets and liabilities of the Absorbent Products business held for sale for each of the periods presented:



	Year Ended December 31,
(in thousands)	2016		2015
Accounts receivable, net	$	13,781	$	11,950
Inventories		10,747		9,713
Property, plant and equipment, net		34,365		38,147
Assets held for sale	$	58,893	$	59,810

Accounts payable	$	5,245	$	4,788
Accrued liabilities		1,008		828
Liabilities held for sale	$	6,253	$	5,616

The Consolidated Statements of Cash Flows do not present the cash flows from discontinued operations separately from cash flows from continuing operations. Cash provided by operating activities from discontinued operations was $4,477,000, $4,733,000, and $3,517,000 for the years ended December 31, 2016, 2015, and 2014, respectively. Cash used in investing activities related to discontinued operations was $1,139,000, $2,385,000, and $9,551,000 for the years ended December 31, 2016, 2015, and 2014, respectively.

In connection with the asset purchase agreement discussed above, the Company entered into a 10-year lease agreement with Drylock for a portion of its manufacturing and warehouse facilities. The lease agreement provides for total annual payments of $1,288,000 initially and provides Drylock an option for early termination of the lease after the initial five years and an option to modify the space subject to the agreement. The agreement also allows for adjustments to the rental payments based on certain price indices. The Company has also entered into a transition services agreement with Drylock which is expected to continue through the end of 2017.

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations [Abstract]

Results of discontinued operations and schedule of major classes of assets and liabilities

The following table summarizes the results of the Absorbent Products business within discontinued operations for each of the periods presented:



	For the years ended December 31,
(in thousands)	2016		2015		2014
Net sales	$	76,555	$	72,041	$	65,165
Cost of sales		(70,848)		(71,897)		(69,270)
Selling and general expenses		(2,618)		(2,275)		(1,794)
Other income (expense)		976		(1)		(1)
Earnings (loss) from discontinued operations before provision for income taxes		4,065		(2,132)		(5,900)
Provision for (benefit from) income taxes from discontinued operations		1,416		(466)		(1,625)
Earnings (loss) from discontinued operations, net of tax	$	2,649	$	(1,666)	$	(4,275)

The following table summarizes the major classes of assets and liabilities of the Absorbent Products business held for sale for each of the periods presented:



	Year Ended December 31,
(in thousands)	2016		2015
Accounts receivable, net	$	13,781	$	11,950
Inventories		10,747		9,713
Property, plant and equipment, net		34,365		38,147
Assets held for sale	$	58,893	$	59,810

Accounts payable	$	5,245	$	4,788
Accrued liabilities		1,008		828
Liabilities held for sale	$	6,253	$	5,616

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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+ Details

Discontinued Operations (Narrative) (Details)

Discontinued Operations (Narrative) (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
	Jan. 03, 2017	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of assets				$ 0
Cash provided by operating activities of discontinued operations				4,477	$ 4,733	$ 3,517
Cash used in investing activities related to discontinued operations				$ 1,139	$ 2,385	$ 9,551
Term of lease				10 years
Early termination term				5 years
Subsequent Event [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale	$ 67,000
Subsequent Event [Member] \| Scenario, Forecast [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale		$ 4,000
Subsequent Event [Member] \| Discontinued Operations Held-for-sale [Member] \| Scenario, Forecast [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total annual lease payments			$ 1,288

Discontinued Operations (Summary Of Results) (Details)

Discontinued Operations (Summary Of Results) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2015	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 131,914	$ 74,533	$ 69,516	$ 65,942	$ 115,744	$ 72,325	$ 84,609	$ 82,971	$ 341,905	$ 355,649	$ 347,198
Cost of sales									(256,243)	(266,216)	(265,892)
Selling and general expenses									(22,429)	(21,735)	(21,422)
Other income (expense)									810	397	367
Earnings (loss) from discontinued operations, net of tax	$ 1,073	$ 537	$ 338	$ 701	$ (914)	$ (46)	$ (516)	$ (190)	2,649	(1,666)	(4,275)
Discontinued Operations Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales									76,555	72,041	65,165
Cost of sales									(70,848)	(71,897)	(69,270)
Selling and general expenses									(2,618)	(2,275)	(1,794)
Other income (expense)									976	(1)	(1)
Earnings (loss) from discontinued operations before provision for income taxes									4,065	(2,132)	(5,900)
Provision for (benefit from) income taxes from discontinued operations									1,416	(466)	(1,625)
Earnings (loss) from discontinued operations, net of tax									$ 2,649	$ (1,666)	$ (4,275)

- Definition

Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

+ References + Details

- Definition

+ References + Details

Discontinued Operations (Summary of Major Classes of Assets and Liabilities) (Details)

Discontinued Operations (Summary of Major Classes of Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	$ 67,285	$ 55,578
Inventories	95,403	88,909
Property, Plant and equipment, net	49,475	53,159
Accounts payable	39,584	27,748
Accrued liabilities	12,244	12,570
Discontinued Operations Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	13,781	11,950
Inventories	10,747	9,713
Property, Plant and equipment, net	34,365	38,147
Assets held for sale	58,893	59,810
Accounts payable	5,245	4,788
Accrued liabilities	1,008	828
Liabilities held for sale	$ 6,253	$ 5,616

Other

Other	12 Months Ended
Other	Dec. 31, 2016
Other [Abstract]
Other	S. OTHER The Company has entered into a licensing agreement with another firm that holds intellectual property on certain products that would complement the assortment of products currently sold by the Housewares/Small Appliance segment. Under the agreement, the Company has advanced the entity funds and has agreed to pay royalties to the entity on the commercial sales of the developed products. As of December 31, 2016 and 2015, notes receivable plus accrued interest of $6,534,000 and $3,940,000, respectively, related to the license agreement were classified as Notes Receivable on the Company’s Consolidated Balance Sheet.

Other (Narrative) (Details)

Other (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other [Abstract]
Note receivable, related to license agreement	$ 6,534	$ 3,940

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	T. SUBSEQUENT EVENTS The Company evaluates events that occur through the filing date and discloses any material events or transactions. See Note R for a discussion of subsequent events related to discontinued operations. On February 10, 2017, the Company’s Board of Directors announced a regular dividend of $1.00 per share, plus an extra dividend of $4.50. On March 15, 2017, a payment of $38,405,000 was made to the shareholders of record as of March 1, 2017.

Subsequent Event (Narrative) (Details)

Subsequent Event (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	2 Months Ended	12 Months Ended
	Feb. 10, 2017	Mar. 15, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Subsequent Event [Line Items]
Dividends paid			$ 35,161	$ 28,114	$ 34,954
Subsequent Event [Member]
Subsequent Event [Line Items]
Regular dividends per share declared	$ 1.00
Extra dividends per share declared	$ 4.50
Dividends paid		$ 38,405

Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2016

Schedule II - Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation And Qualifying Accounts



NATIONAL PRESTO INDUSTRIES, INC. AND SUBSIDIARIES

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2016, 2015 and 2014

(In thousands)
Column A		Column B		Column C		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, 2016	$	1,796	$	1	$	-	$	(19)	$	1,816
Year ended December 31, 2015	$	1,319	$	516	$	-	$	39	$	1,796
Year ended December 31, 2014	$	938	$	488	$	19	$	126	$	1,319

Notes:
(A) Amounts charged to selling and general expenses.
(B) Amounts charged to other accounts. For the year ended December 31, 2014, this amount reflects the reserve for doubtful accounts recorded in association with a business acquisition that was completed during 2014, which is described in Note P to the Company's Consolidated Financial Statements.
(C) Principally bad debts written off, net of recoveries.

Valuation And Qualifying Accounts (Details)

Valuation And Qualifying Accounts (Details) - Allowance for Doubtful Accounts [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 1,796	$ 1,319	$ 938
Additions, Charged to Costs and Expenses	1	516	488
Additions, Charged to Other Accounts			19
Deductions	(19)	39	126
Balance at End of Period	$ 1,816	$ 1,796	$ 1,319