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Consolidated Condensed Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Jun. 30, 2012
Jul. 02, 2011
NET SALES $ 66,566 $ 69,200 $ 129,416 $ 135,154
Cost of sales 50,847 52,477 97,995 101,861
GROSS PROFIT 15,719 16,723 31,421 33,293
Selling and administrative expenses 15,683 14,944 30,745 30,337
Other operating (income) expense, net 76 42 96 (450)
Facility consolidation and severance expenses, net 0 (563) 0 (563)
OPERATING INCOME (LOSS) (40) 2,300 580 3,969
Interest expense 762 900 1,488 1,832
Other (income) expense, net (95) 10 (92) (6)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES (707) 1,390 (816) 2,143
Income tax provision (benefit) (303) 582 (308) 691
INCOME (LOSS) FROM CONTINUING OPERATIONS (404) 808 (508) 1,452
Loss from discontinued operations, net of tax (29) (42) (106) (62)
NET INCOME (LOSS) $ (433) $ 766 $ (614) $ 1,390
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.03) $ 0.06 $ (0.04) $ 0.11
Discontinued operations $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income (loss) $ (0.03) $ 0.06 $ (0.05) $ 0.11
BASIC SHARES OUTSTANDING 12,633 [1] 12,596 [1] 12,619 [1] 12,574 [1]
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.03) $ 0.06 $ (0.04) $ 0.11
Discontinued operations $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income (loss) $ (0.03) $ 0.06 $ (0.05) $ 0.11
DILUTED SHARES OUTSTANDING 12,633 [1],[2] 12,648 [1],[2] 12,619 [1],[2] 12,624 [1],[2]
Dividends Per Share:        
Common Stock $ 0.00 $ 0.00 $ 0.00 $ 0.00
Class B Common Stock $ 0.00 $ 0.00 $ 0.00 $ 0.00
[1] Includes Common and Class B Common shares, less shares held in treasury, in thousands.
[2] Because their effects are anti-dilutive, shares issuable under stock option plans where the exercise price is greater than the average market price of the Company's Common Stock at the end of the relevant period, unvested restricted stock deemed to be participating securities, directors' stock performance units, and shares issuable on conversion of subordinated debentures into shares of Common Stock have been excluded. Aggregate shares excluded for the three and six months ending June 30, 2012 were 879 and 870, respectively and for the three and six months ending July 2, 2011 were 1,080 and 1,119, respectively.