text: **I M P A C T O F I N F L A T I O N**
  The Company experiences the effects of inflation primarily in the prices it pays for labor, materials and services. Over the last three years, the Company has 
  experienced the effects of moderate inflation in these costs. At times, the Company has been able to offset a portion of these increased costs by increasing 
  the sales prices of its products. However, competitive pressures have not allowed for full recovery of these cost increases. 
  
  **N E W A C C O U N T I N G P R O N O U N C E M E N T S**
  In December 2003, the Financial Accounting Standards Board (“FASB”) issued a revised SFAS No. 132, “Employers’ Disclosures about Pensions and Other 
  Postretirement Benefits.” The impact to the Company for this item is described in Note 1 of Notes to the Consolidated Financial Statements. 
  
  **C R I T I C A L A C C O U N T I N G P O L I C I E S**
  In the ordinary course of business, the Company makes estimates and assumptions relating to the reporting of results of operations and financial condition 
  in the preparation of its financial statements in conformity with accounting principles generally accepted in the United States of America. The Company 
  believes the following discussion addresses the Company's most critical accounting policies, which are those that are most important to the portrayal of 
  the Company's financial condition and results and require management's most difficult, subjective and complex judgments, often as a result of the need to 
  make estimates about the effect of matters that are inherently uncertain. Actual results could differ significantly from those estimates under different 
  assumptions and conditions. 