XML 9 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 35,329 $ 23,770 $ 66,682 $ 43,399
Cost of sales 28,844 19,684 54,218 36,259
Gross profit 6,485 4,086 12,464 7,140
Operating expenses:        
Engineering 1,016 1,026 2,008 1,740
Selling and service 1,775 1,287 3,167 2,458
General and administrative 1,124 715 2,426 1,440
Operating expenses 3,915 3,028 7,601 5,638
Operating income 2,570 1,058 4,863 1,502
Other (income) expense:        
Interest expense 301 486 930 998
Loss on debt extinguishment 485   485  
Other (income) expense, net 658   658  
Income before income taxes 1,126 572 2,790 504
Income tax provision 612 108 1,215 95
Net income 514 464 1,575 409
Undistributed earnings 514 464 1,575 409
Series A Preferred Stock [Member]
       
Other (income) expense:        
Undistributed earnings 496 448 1,518 394
Weighted average preferred shares outstanding:        
Basic 108,422 95,961 102,192 95,961
Diluted 108,422 95,961 102,192 95,961
Undistributed earnings per share - Basic        
Undistributed earnings per share - Basic $ 4.57 $ 4.67 $ 14.85 $ 4.11
Undistributed earnings per share - Diluted        
Undistributed earnings per share - Diluted $ 4.57 $ 4.67 $ 14.85 $ 4.11
Common Stock [Member]
       
Other (income) expense:        
Undistributed earnings $ 18 $ 16 $ 57 $ 15
Weighted-average common shares outstanding:        
Basic 10,533,134 10,000,000 10,266,567 10,000,000
Diluted 10,533,134 10,000,000 10,266,567 10,000,000
Undistributed earnings per share - Basic        
Undistributed earnings per share - Basic $ 0.00 $ 0.00 $ 0.01 $ 0.00
Undistributed earnings per share - Diluted        
Undistributed earnings per share - Diluted $ 0.00 $ 0.00 $ 0.01 $ 0.00