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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets    
Cash $ 577   
Accounts receivable, net 26,192 29,523
Inventories, net 49,175 33,393
Prepaid expenses and other current assets 1,605 1,291
Deferred income taxes 2,122 1,814
Total current assets 79,671 66,021
Property, plant & equipment, net 5,172 3,611
Other noncurrent assets 1,859 1,451
TOTAL ASSETS 86,702 71,083
Current liabilities    
Income taxes payable 813 564
Current maturities of long-term debt 23 23
Line of credit   19,666
Accounts payable 34,410 27,574
Accrued liabilities 3,966 4,015
Total current liabilities 39,212 51,842
LONG-TERM OBLIGATIONS    
Line of credit 24,605  
Deferred income taxes 490 490
Private placement warrants 2,813 3,270
Long-term debt, net of current maturities 28 41
Other noncurrent liabilities 63 116
TOTAL LIABILITIES 67,211 55,759
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Series A convertible preferred stock - $0.001 par value. Authorized: 114,000 shares. Issued and outstanding: -0- shares at June 30, 2012 and December 31, 2011.      
Common stock - $0.001 par value. Authorized: 50,000,000 shares. Issued: 9,895,462 shares at June 30, 2012 and December 31, 2011. 10 10
Additional paid-in-capital 10,210 10,154
Retained earnings 13,521 9,410
Treasury stock, at cost, 830,925 shares at June 30, 2012 and December 31, 2011 (4,250) (4,250)
TOTAL STOCKHOLDERS' EQUITY 19,491 15,324
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 86,702 $ 71,083