XML 1041 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Current assets      
Cash $ 295 $ 543   
Accounts receivable, net 36,687 37,480 29,523
Inventories, net 41,546 39,968 33,393
Prepaid expenses and other current assets 1,568 1,910 1,291
Deferred income taxes 2,176 2,176 1,814
Total current assets 82,272 82,077 66,021
Property, plant & equipment, net 7,828 7,145 3,611
Other noncurrent assets 1,373 1,543 1,451
TOTAL ASSETS 91,473 90,765 71,083
Current liabilities      
Accounts payable 22,107 26,579 27,574
Income taxes payable 1,988 1,074 564
Accrued liabilities 4,346 5,011 4,015
Revolving line of credit     19,666
Current maturities of long-term debt     23
Total current liabilities 28,441 32,664 51,842
LONG-TERM OBLIGATIONS      
Revolving line of credit 31,945 30,942  
Deferred income taxes 136 136 490
Long-term debt, net of current maturities     41
Private placement warrants 7,055 3,666 3,270
Other noncurrent liabilities 628 623 116
TOTAL LIABILITIES 68,205 68,031 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 December 31, 2012 and 2011.         
Common stock - $0.001 par value. Authorized: 50,000,000 shares. Issued: 10,047,546 and 9,909,212 shares at March 31, 2013 and December 31, 2012, respectively. Outstanding: 9,216,621 and 9,078,287 at March 31, 2013 and December 31, 2012, respectively. 10 10 10
Additional paid-in-capital 14,323 10,862 10,154
Retained earnings 13,185 16,112 9,410
Treasury stock, at cost, 830,925 shares at December 31, 2012 and 2011. (4,250) (4,250) (4,250)
TOTAL STOCKHOLDERS' EQUITY 23,268 22,734 15,324
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 91,473 $ 90,765 $ 71,083