XML 16 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME        
Net sales $ 6,219 $ 23,092 $ 25,189 $ 79,294
Cost of sales 7,040 22,510 26,352 75,127
Gross (loss) profit (821) 582 (1,163) 4,167
Selling, general and administrative expenses 4,570 4,781 13,012 17,044
Research and development expense 703 1,063 2,316 3,254
(Recovery) provision for bad debt expense (138) 47 2,100 497
Goodwill impairment (Note 6)       82,524
Operating loss (5,956) (5,309) (18,591) (99,152)
Interest expense, net   (85) (6) (196)
Amortization of deferred financing costs (155) (899) (189) (1,062)
Other income (Note 8)       7,201
Gain (loss) on disposal of fixed assets 140   100  
Foreign currency transaction loss (231) (86) (295) (172)
Loss from continuing operations before income tax benefit (6,202) (6,379) (18,981) (93,381)
Income tax benefit from continuing operations (268) (2,800) (4,346) (5,250)
Net loss from continuing operations (5,934) (3,579) (14,635) (88,131)
Discontinued operations (Note 3):        
Income tax benefit from discontinued operations   (4,246)   (4,246)
Net earnings from discontinued operations   4,246   4,246
Net (loss) earnings (5,934) 667 (14,635) (83,885)
Other comprehensive income (loss):        
Foreign currency translation (net of tax effect of $(194), $154, $(160) and $(157), respectively) 548 287 297 (292)
Other comprehensive income (loss) 548 287 297 (292)
Comprehensive (loss) income $ (5,386) $ 954 $ (14,338) $ (84,177)
Net (loss) earnings per share (Note 4):        
Basic from continuing operations (in dollars per share) $ (0.14) $ (0.09) $ (0.35) $ (2.13)
Basic from discontinued operations (in dollars per share)   $ 0.11   $ 0.10
Basic (in dollars per share) $ (0.14) $ 0.02 $ (0.35) $ (2.03)
Diluted from continuing operations (in dollars per share) $ (0.14) $ (0.09) $ (0.35) $ (2.13)
Diluted from discontinued operations (in dollars per share)   $ 0.11   $ 0.10
Diluted (in dollars per share) $ (0.14) $ 0.02 $ (0.35) $ (2.03)
Weighted-average shares outstanding (Note 4):        
Basic (in shares) 41,695,010 41,439,827 41,598,103 41,277,975
Diluted from continuing operations (in shares) 41,695,010 41,439,827 41,598,103 41,277,975