XML 22 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Earnings (unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 12,375,000 $ 14,075,000 $ 24,835,000 $ 32,106,000
Cost of sales 10,363,000 11,819,000 20,757,000 26,891,000
Gross margin 2,012,000 2,256,000 4,078,000 5,215,000
Engineering, selling & administrative expenses 1,778,000 2,214,000 3,725,000 4,587,000
Operating Earnings 234,000 42,000 353,000 628,000
Interest expense 15,000 9,000 31,000 45,000
Other (income) expense, net (7,000) 0 (13,000) 1,000
Income tax expense 0 2,000 38,000 2,000
Net Earnings $ 226,000 $ 31,000 $ 297,000 $ 580,000
Earnings per share:        
Basic earnings per share (in Dollars per share) $ 0.02 $ 0.00 $ 0.03 $ 0.05
Diluted earnings per share (in Dollars per share) $ 0.02 $ 0.00 $ 0.03 $ 0.05
Basic average common shares outstanding (in Shares) 11,771,286 11,725,944 11,751,673 11,709,446
Diluted average common shares outstanding (in Shares) 11,771,286 11,728,018 11,751,673 11,711,689