$LGL
LGL GROUP INC

2017 Form 10-K Financial Statement

#000156459018006502 Filed on March 22, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016
Revenue $22.40M $5.800M $20.89M
YoY Change 7.23% 16.0% 0.86%
Cost Of Revenue $14.66M $3.800M $13.86M
YoY Change 5.79% 11.76% -0.04%
Gross Profit $7.741M $2.000M $7.033M
YoY Change 10.07% 17.65% 2.67%
Gross Profit Margin 34.55% 34.48% 33.67%
Selling, General & Admin $7.465M $2.000M $7.194M
YoY Change 3.77% 11.11% -5.81%
% of Gross Profit 96.43% 100.0% 102.29%
Research & Development $1.827M $1.906M
YoY Change -4.14%
% of Gross Profit 23.6% 27.1%
Depreciation & Amortization $567.0K $180.0K $704.0K
YoY Change -19.46% -14.29% -19.08%
% of Gross Profit 7.32% 9.0% 10.01%
Operating Expenses $1.827M $2.000M $1.906M
YoY Change -4.14% 11.11% -75.05%
Operating Profit $5.914M $0.00 -$161.0K
YoY Change -3773.29% -100.0% -79.57%
Interest Expense -$11.00K $0.00 $22.00K
YoY Change -150.0% -168.75%
% of Operating Profit -0.19%
Other Income/Expense, Net -$57.00K $100.0K $144.0K
YoY Change -139.58% 23.08%
Pretax Income -$65.00K $100.0K -$434.0K
YoY Change -85.02% -200.0% -38.26%
Income Tax $102.0K -$200.0K -$165.0K
% Of Pretax Income -200.0%
Net Earnings $117.0K $200.0K $148.0K
YoY Change -20.95% -300.0% -120.82%
Net Earnings / Revenue 0.52% 3.45% 0.71%
Basic Earnings Per Share $0.04 $0.06
Diluted Earnings Per Share $0.04 $74.07K $0.06
COMMON SHARES
Basic Shares Outstanding 2.930M 2.665M
Diluted Shares Outstanding 3.035M 2.666M

Balance Sheet

Concept 2017 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.05M $5.500M $5.548M
YoY Change 207.37% -1.79% -0.09%
Cash & Equivalents $13.25M $2.778M $2.778M
Short-Term Investments $3.803M $2.800M $2.770M
Other Short-Term Assets $229.0K $200.0K $200.0K
YoY Change 14.5% 0.0% -19.03%
Inventory $3.875M $3.638M $3.638M
Prepaid Expenses
Receivables $3.393M $3.504M $3.504M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $24.55M $12.89M $12.89M
YoY Change 90.46% 7.42% 7.85%
LONG-TERM ASSETS
Property, Plant & Equipment $2.179M $2.711M $2.711M
YoY Change -19.62% -15.28% -14.34%
Goodwill $40.00K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $274.0K $203.0K $417.0K
YoY Change -34.29% 1.5% 97.63%
Total Long-Term Assets $3.005M $3.756M $3.756M
YoY Change -19.99% -1.16% -2.47%
TOTAL ASSETS
Total Short-Term Assets $24.55M $12.89M $12.89M
Total Long-Term Assets $3.005M $3.756M $3.756M
Total Assets $27.56M $16.65M $16.65M
YoY Change 65.54% 5.35% 5.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.477M $1.525M $1.525M
YoY Change -3.15% 52.5% 54.51%
Accrued Expenses $1.150M $1.200M $1.230M
YoY Change -6.5% 9.09% 12.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.627M $2.755M $2.755M
YoY Change -4.65% 31.19% 32.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.627M $2.755M $2.755M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.627M $2.800M $2.755M
YoY Change -4.65% 33.33% 32.71%
SHAREHOLDERS EQUITY
Retained Earnings -$14.73M
YoY Change
Common Stock $29.20M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $580.0K
YoY Change
Treasury Stock Shares $81.58K
Shareholders Equity $24.93M $13.89M $13.89M
YoY Change
Total Liabilities & Shareholders Equity $27.56M $16.65M $16.65M
YoY Change 65.54% 5.35% 5.33%

Cashflow Statement

Concept 2017 2016 Q4 2016
OPERATING ACTIVITIES
Net Income $117.0K $200.0K $148.0K
YoY Change -20.95% -300.0% -120.82%
Depreciation, Depletion And Amortization $567.0K $180.0K $704.0K
YoY Change -19.46% -14.29% -19.08%
Cash From Operating Activities $681.0K $10.00K $278.0K
YoY Change 144.96% -102.94% -59.65%
INVESTING ACTIVITIES
Capital Expenditures $131.0K -$60.00K $172.0K
YoY Change -23.84% 20.0% -140.76%
Acquisitions
YoY Change
Other Investing Activities -$872.0K -$2.620M -$2.873M
YoY Change -69.65% -3156.38%
Cash From Investing Activities -$1.003M -$2.690M -$3.045M
YoY Change -67.06% 5280.0% 828.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.04M $8.000K
YoY Change 137850.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.79M -10.00K -8.000K
YoY Change -135025.0%
NET CHANGE
Cash From Operating Activities 681.0K 10.00K 278.0K
Cash From Investing Activities -1.003M -2.690M -3.045M
Cash From Financing Activities 10.79M -10.00K -8.000K
Net Change In Cash 10.79M -2.690M -2.775M
YoY Change -488.97% 589.74% -868.7%
FREE CASH FLOW
Cash From Operating Activities $681.0K $10.00K $278.0K
Capital Expenditures $131.0K -$60.00K $172.0K
Free Cash Flow $550.0K $70.00K $106.0K
YoY Change 418.87% -124.14% -90.46%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q2 dei Entity Public Float
EntityPublicFloat
10601412
CY2018Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
4698393
CY2017 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2017 dei Document Type
DocumentType
10-K
CY2017 dei Amendment Flag
AmendmentFlag
false
CY2017 dei Document Period End Date
DocumentPeriodEndDate
2017-12-31
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2778000
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3504000
CY2016Q4 us-gaap Inventory Net
InventoryNet
3638000
CY2016Q4 us-gaap Assets Current
AssetsCurrent
12890000
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
200000
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
38000
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-43000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
38000
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-43000
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
155000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
13727000
CY2016Q4 us-gaap Available For Sale Securities Equity Securities Current
AvailableForSaleSecuritiesEquitySecuritiesCurrent
2770000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
148000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2665043
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18737000
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
203000
CY2016Q4 us-gaap Assets
Assets
16646000
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1525000
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
942000
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
288000
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2755000
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
27000
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
29173000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-14726000
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
580000
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2665730
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-161000
CY2016 us-gaap Interest Expense
InterestExpense
22000
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
166000
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
144000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-17000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
102000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-165000
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
13891000
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
16646000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31000
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2757050
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2675466
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
81584
CY2016Q4 us-gaap Land
Land
633000
CY2016Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3966000
CY2016Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
16849000
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2711000
CY2016Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
628000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
21448000
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
214000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
117000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2929641
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3035104
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
67000
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8000
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
88000
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
10794000
CY2017 us-gaap Depreciation
Depreciation
567000
CY2016 us-gaap Depreciation
Depreciation
704000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
75000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
68000
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
105000
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
110000
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
102000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
88000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
67000
CY2016 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
4000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
10472000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2775000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5553000
CY2017 us-gaap Interest Paid
InterestPaid
23000
CY2016 us-gaap Interest Paid
InterestPaid
17000
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
41000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
52000
CY2016 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Property Plant And Equipment
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentPropertyPlantAndEquipment
85000
CY2016 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Intangibles
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentIntangibles
214000
CY2016Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
45000
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1000
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-128000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-8000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
41000
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-214000
CY2017 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
21000
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6000
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
62000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-111000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
890000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
237000
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
62000
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
28000
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
634000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
681000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
278000
CY2017 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
1002000
CY2016 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
2695000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
131000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
172000
CY2016 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
295000
CY2017 us-gaap Proceeds From Sale Of Land Held For Use
ProceedsFromSaleOfLandHeldForUse
96000
CY2017 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
34000
CY2016 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
117000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1003000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3045000
CY2017 lgl Proceeds From Issuance Of Common Stock Net Of Issuance Cost
ProceedsFromIssuanceOfCommonStockNetOfIssuanceCost
10794000
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
10794000
CY2016 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
45000
CY2016 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
295000
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Uses of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p></div>
CY2017 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Advertising Expense</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Advertising costs are charged to operations as incurred. Such costs were approximately $18,000 in 2017, compared with $50,000 in 2016, and are included within engineering, selling and administrative expenses.</p></div>
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration Risk</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In 2017, the Company's largest customer, an electronics contract manufacturing company in the aerospace and defense markets, accounted for $3,744,000, or 16.7% of the Company's total revenues, compared to $3,275,000, or 15.7%, in 2016.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A significant portion of the Company's accounts receivable is concentrated with a relatively small number of customers. As of December&#160;31, 2017, four of the Company's largest customers accounted for approximately $1,100,000, or 32.0% of accounts receivable. As of December&#160;31, 2016, four of the Company's largest customers accounted for approximately $1,242,000, or 35.1% of accounts receivable. The Company carefully evaluates the creditworthiness of its customers in deciding to extend credit, and utilizes letters of credit to further limit credit risk for export sales. As a result of these policies, the Company has experienced very low historical bad debt expense and believes the related risk to be minimal.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">At various times throughout the year and at December&#160;31, 2017, some deposits held at financial institutions were in excess of federally insured limits. The Company has not experienced any losses related to these balances and believes the related risk to be minimal.</p></div>
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
75000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
75000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
75000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
75000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
137000
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1827000
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1906000
CY2017 us-gaap Advertising Expense
AdvertisingExpense
18000
CY2016 us-gaap Advertising Expense
AdvertisingExpense
50000
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
22000
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2000
CY2016Q3 us-gaap Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
2016-09-02
CY2017 lgl Term Of Warranty
TermOfWarranty
P1Y
CY2016Q4 lgl Accrued Warranty Expense
AccruedWarrantyExpense
80000
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
588000
CY2016Q4 us-gaap Goodwill
Goodwill
40000
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
75000
CY2016Q3 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
295000
CY2016Q3 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
45000
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
45000
CY2016Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
299000
CY2016Q3 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
4000
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
128692
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.90
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
105463
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
687
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
1254000
CY2017Q4 lgl Inventory Net Realizable Value
InventoryNetRealizableValue
0
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1526000
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1408000
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1337000
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1306000
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1012000
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
924000
CY2016Q4 lgl Related Party Mutual Fund Investment
RelatedPartyMutualFundInvestment
2714000
CY2017Q4 lgl Related Party Mutual Fund Investment
RelatedPartyMutualFundInvestment
3792000
CY2016Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1002000
CY2017Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
11050000
CY2016Q4 lgl Percentage Of Stockholder Controlling Related Party
PercentageOfStockholderControllingRelatedParty
0.10
CY2017Q4 lgl Percentage Of Stockholder Controlling Related Party
PercentageOfStockholderControllingRelatedParty
0.10
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.27
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.31
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y6M18D
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0201
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
176344
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
9541
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
4500
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
181385
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.09
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.01
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.98
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.04
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.31
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.05
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.96
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
1.30
CY2017Q4 lgl Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
1.41
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
78000
CY2017 lgl Share Based Compensation Arrangement By Share Based Payment Award Options Granted In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedInPeriodIntrinsicValue
0
CY2017 lgl Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodIntrinsicValue
0
CY2017 lgl Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedInPeriodIntrinsicValue
0
CY2017 lgl Share Based Compensation Arrangement By Share Based Payment Award Options Expired In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredInPeriodIntrinsicValue
0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
158000
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
113000
CY2016 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
123000
CY2017 lgl Tax Cuts And Jobs Act Incomplete Accounting One Time Tax Computaion Based On Liquid Assets Period
TaxCutsAndJobsActIncompleteAccountingOneTimeTaxComputaionBasedOnLiquidAssetsPeriod
P3Y
CY2017 lgl Tax Cuts And Jobs Act Incomplete Accounting Percentage Of Cash And Other Liquid Assets Impact On Income Tax Expense
TaxCutsAndJobsActIncompleteAccountingPercentageOfCashAndOtherLiquidAssetsImpactOnIncomeTaxExpense
0.155
CY2017 lgl Tax Cuts And Jobs Act Incomplete Accounting Non Cash Earnings And Profits Impact On Income Tax Expense
TaxCutsAndJobsActIncompleteAccountingNonCashEarningsAndProfitsImpactOnIncomeTaxExpense
0.08
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y4M24D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M24D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y10M25D
CY2017 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
10830
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
5.54
CY2017 lgl Tax Cuts And Jobs Act Incomplete Accounting Change In Tax Rate Income Tax Expense Benefit
TaxCutsAndJobsActIncompleteAccountingChangeInTaxRateIncomeTaxExpenseBenefit
1662000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2017 lgl Tax Cuts And Jobs Act Incomplete Accounting Transition Tax For Foreign Earnings Income Tax Expense
TaxCutsAndJobsActIncompleteAccountingTransitionTaxForForeignEarningsIncomeTaxExpense
565000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
43000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
41000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
61000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
49000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1637000
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
42000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
267000
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
41000
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
55000
CY2017 lgl Total Before Change In Valuation Allowance
TotalBeforeChangeInValuationAllowance
1720000
CY2016 lgl Total Before Change In Valuation Allowance
TotalBeforeChangeInValuationAllowance
111000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1679000
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-325000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
75000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-8000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
81000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-25000
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
450000
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
6000
CY2017 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
106000
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-381000
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
11000
CY2017 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
0
CY2016 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
299000
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1662000
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-65000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-434000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
284000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
417000
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
173000
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
325000
CY2016Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1083000
CY2017Q4 lgl Fixed Asset Related Deferred Tax Asset Liability
FixedAssetRelatedDeferredTaxAssetLiability
0
CY2016Q4 lgl Fixed Asset Related Deferred Tax Asset Liability
FixedAssetRelatedDeferredTaxAssetLiability
0
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
133000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
213000
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
18000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
384000
CY2017Q4 lgl Undistributed Foreign Earnings Deferred Tax Asset Liability
UndistributedForeignEarningsDeferredTaxAssetLiability
0
CY2017Q3 lgl Distribution Charge Of Common Stock Transferable Subscription Rights
DistributionChargeOfCommonStockTransferableSubscriptionRights
0
CY2017Q3 lgl Number Of Transferable Subscription Rights For Each Common Stock Owned
NumberOfTransferableSubscriptionRightsForEachCommonStockOwned
3
CY2016Q4 lgl Undistributed Foreign Earnings Deferred Tax Asset Liability
UndistributedForeignEarningsDeferredTaxAssetLiability
0
CY2017Q4 lgl Other Deferred Tax Asset Liability
OtherDeferredTaxAssetLiability
0
CY2016Q4 lgl Other Deferred Tax Asset Liability
OtherDeferredTaxAssetLiability
0
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
2284000
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7305000
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
214000
CY2017Q3 lgl Percentage Of Share Of Common Stock Holder Is Entitled To Purchase By Each Subscription Right
PercentageOfShareOfCommonStockHolderIsEntitledToPurchaseByEachSubscriptionRight
0.0025
CY2017Q3 lgl Common Stock Subscription Price Per Share
CommonStockSubscriptionPricePerShare
5.50
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11036000
CY2017 lgl Common Stock Issuance Cost
CommonStockIssuanceCost
242000
CY2017 lgl Common Stock Subscription Shares
CommonStockSubscriptionShares
2897171
CY2017 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0
CY2017 lgl Subscription Rights Fair Value At Original Issuance
SubscriptionRightsFairValueAtOriginalIssuance
10000
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
1921000
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
2380000
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
3428000
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
657000
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
627000
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
173000
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
214000
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5970000
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7870000
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5627000
CY2017Q4 lgl Deferred Tax Liability Inventory
DeferredTaxLiabilityInventory
0
CY2016Q4 lgl Deferred Tax Liability Inventory
DeferredTaxLiabilityInventory
0
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
141000
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
151000
CY2017Q4 lgl Deferred Tax Liability Other Accruals
DeferredTaxLiabilityOtherAccruals
0
CY2016Q4 lgl Deferred Tax Liability Other Accruals
DeferredTaxLiabilityOtherAccruals
0
CY2017Q4 lgl Deferred Tax Liability Stock Based Compensation
DeferredTaxLiabilityStockBasedCompensation
0
CY2016Q4 lgl Deferred Tax Liability Stock Based Compensation
DeferredTaxLiabilityStockBasedCompensation
0
CY2017Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
0
CY2016Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
144000
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
29000
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
56000
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
170000
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
351000
CY2011Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
100000
CY2017Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
540000
CY2013Q3 lgl Warrants Distributed
WarrantsDistributed
12981025
CY2017 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-08-06
CY2017 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2013-07-29
CY2017Q4 lgl Dividend Warrants Received Per Share Of Common Stock
DividendWarrantsReceivedPerShareOfCommonStock
5
CY2017Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
25
CY2017Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1
CY2017Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
7.50
CY2017 lgl Minimum Volume Weighted Average Exercise Price To Exercise Warrants
MinimumVolumeWeightedAverageExercisePriceToExerciseWarrants
15.00
CY2017Q4 us-gaap Liabilities Fair Value Disclosure Nonrecurring
LiabilitiesFairValueDisclosureNonrecurring
0
CY2016Q4 us-gaap Liabilities Fair Value Disclosure Nonrecurring
LiabilitiesFairValueDisclosureNonrecurring
0
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50
CY2017 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
116000
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
107000
CY2017 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
0.20
CY2017 lgl Defined Contribution Plan Employers Matching Contribution Vesting Period
DefinedContributionPlanEmployersMatchingContributionVestingPeriod
P6Y
CY2017 lgl Vesting Percentage Of Employer Contributions By Year Six
VestingPercentageOfEmployerContributionsByYearSix
1.00
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
285000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
249000
CY2017 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
131000
CY2016 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
172000

Files In Submission

Name View Source Status
0001564590-18-006502-index-headers.html Edgar Link pending
0001564590-18-006502-index.html Edgar Link pending
0001564590-18-006502.txt Edgar Link pending
0001564590-18-006502-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lgl-10k_20171231.htm Edgar Link pending
lgl-20171231.xml Edgar Link completed
lgl-20171231.xsd Edgar Link pending
lgl-20171231_cal.xml Edgar Link unprocessable
lgl-20171231_def.xml Edgar Link unprocessable
lgl-20171231_lab.xml Edgar Link unprocessable
lgl-20171231_pre.xml Edgar Link unprocessable
lgl-ex211_10.htm Edgar Link pending
lgl-ex231_9.htm Edgar Link pending
lgl-ex311_8.htm Edgar Link pending
lgl-ex312_7.htm Edgar Link pending
lgl-ex321_6.htm Edgar Link pending
lgl-ex322_14.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending