XML 11 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Net sales $ 27,975 $ 31,750 $ 52,743 $ 55,391
Costs and expenses:        
Cost of sales (exclusive of depreciation, depletion and amortization) 21,885 24,114 42,361 43,863
Depreciation, depletion and amortization 1,089 1,161 2,181 2,265
Selling and administrative 5,058 4,978 9,879 9,876
Gain on disposition of property and equipment 140   140 70
Total costs and expenses 27,892 30,253 54,281 55,934
Operating (loss) income 83 1,497 (1,538) (543)
Interest expense, net (109) (193) (302) (422)
Amortization of deferred financing fees (52) (52) (103) (103)
Other income, net 10 13 25 24
(Loss) income from continuing operations before income taxes (68) 1,265 (1,918) (1,044)
(Benefit) provision for income taxes (42) 700 (681) (167)
Net (loss) income from continuing operations (26) 565 (1,237) (877)
Loss from discontinued operation net of income tax benefit of $21 and $7 for the Three months ended and $21 and $17 for the Six months ended July 2, 2011 and July 3, 2010, respectively (36) (72) (38) (88)
Net (loss) income (62) 493 (1,275) (965)
Retained earnings, beginning of period 63,734 63,870 64,947 65,328
Retained earnings, end of period $ 63,672 $ 64,363 $ 63,672 $ 64,363
Net (loss) income per basic and diluted share:        
Continuing operations (in dollars per share) $ (0.02) $ 0.35 $ (0.77) $ (0.55)
Discontinued operation (in dollars per share) $ (0.02) $ (0.04) $ (0.02) $ (0.05)
Net (loss) income per basic and diluted share (in dollars per share) $ (0.04) $ 0.31 $ (0.79) $ (0.60)
Average shares outstanding, basic (in shares) 1,611 1,599 1,611 1,599
Average shares outstanding, diluted (in shares) 1,611 1,599 1,611 1,599