XML 83 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 18 - Quarterly Consolidated Financial Data
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information [Text Block]
(18)  QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited)

The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2012. In our opinion, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of results for the full year or for any future period.

Year-over-year quarterly comparisons of our results of operations may not be as meaningful as the sequential quarterly comparisons set forth below that tend to reflect the cyclical activity of the semiconductor industry as a whole. Quarterly fluctuations in expenses are related directly to sales activity and volume and may also reflect the timing of operating expenses incurred throughout the year.

   
Quarters Ended
       
   
3/31/12
   
6/30/12
   
9/30/12
   
12/31/12
   
Total
 
Net revenues
  $ 10,731     $ 13,576     $ 10,799     $ 8,270     $ 43,376  
Gross margin
    4,596       6,194       4,762       3,507       19,059  
Earnings (loss) before income tax expense (benefit)
    (71 )     1,994       1,012       118       3,053  
Income tax expense (benefit)
    (28 )     660       348       (83 )     897  
Net earnings (loss)
    (43 )     1,334       664       201       2,156  
                                         
Net earnings (loss) per common share - basic
  $ 0.00     $ 0.13     $ 0.06     $ 0.02     $ 0.21  
Weighted average common shares outstanding - basic
    10,205,114       10,273,812       10,302,417       10,311,428       10,273,377  
Net earnings (loss) per common share - diluted
  $ 0.00     $ 0.13     $ 0.06     $ 0.02     $ 0.21  
Weighted average common shares outstanding - diluted
    10,205,114       10,359,657       10,360,377       10,343,793       10,347,077  

   
Quarters Ended
       
   
3/31/11
   
6/30/11
   
9/30/11
   
12/31/11
   
Total
 
Net revenues
  $ 11,704     $ 13,800     $ 11,681     $ 10,081     $ 47,266  
Gross margin
    5,093       6,798       6,133       4,869       22,893  
Earnings before income tax expense (benefit)
    1,317       2,733       2,420       1,189       7,659  
Income tax expense (benefit)
    60       78       (2,762 )     420       (2,204 )
Net earnings
    1,257       2,655       5,182       769       9,863  
                                         
Net earnings per common share - basic
  $ 0.13     $ 0.26     $ 0.51     $ 0.08     $ 0.97  
Weighted average common shares outstanding - basic
    10,067,748       10,146,613       10,182,795       10,191,927       10,147,708  
Net earnings per common share - diluted
  $ 0.12     $ 0.26     $ 0.50     $ 0.08     $ 0.96  
Weighted average common shares outstanding - diluted
    10,266,644       10,296,902       10,297,284       10,281,364       10,285,621