XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 51,703 $ 42,798 $ 149,890 $ 109,480
Cost of sales 43,293 36,236 124,419 90,454
Gross profit 8,410 6,562 25,471 19,026
Operating expenses:        
Research & development and engineering 2,010 1,260 5,545 3,268
Selling and service 1,315 1,608 4,600 4,775
General and administrative 2,212 1,351 6,024 3,777
Total operating expenses 5,537 4,219 16,169 11,820
Operating income 2,873 2,343 9,302 7,206
Other (income) expense:        
Interest expense 249 195 766 1,125
Loss on debt extinguishment       485
Other (income) expense, net (199) (591) (562) 67
Total other (income) expense 50 (396) 204 1,677
Income before income taxes 2,823 2,739 9,098 5,529
Income tax provision 977 838 3,141 2,053
Net income 1,846 1,901 5,957 3,476
Undistributed earnings 1,846 1,901 5,957 3,476
Undistributed earnings allocable to shares 1,846 786 5,957 595
Weighted-average shares outstanding:        
Basic 9,068,024 4,072,968 9,065,699 1,571,549
Diluted 9,068,024 4,072,968 9,065,699 1,571,549
Common shares [Member]
       
Other (income) expense:        
Undistributed earnings allocable to shares 1,846 786 5,957 595
Weighted-average shares outstanding:        
Basic 9,068,024 4,072,968 9,065,699 1,571,549
Diluted 9,068,024 4,072,968 9,065,699 1,571,549
Undistributed earnings per share - basic        
Undistributed earnings per share - basic $ 0.20 $ 0.19 $ 0.66 $ 0.38
Undistributed earnings per share - diluted        
Undistributed earnings per share - diluted $ 0.20 $ 0.19 $ 0.66 $ 0.38
Series A convertible preferred shares [Member]
       
Other (income) expense:        
Undistributed earnings allocable to shares   $ 1,115   $ 2,881