XML 37 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents$ 9,918$ 5,792
Accounts receivable, net20,61826,772
Costs and estimated earnings in excess of billings on uncompleted contracts (Note 4)10,2688,345
Inventories, net (Note 3)5,0564,432
Prepaid expenses and other current assets2,6052,509
Assets held for sale (Note 17)0526
Current assets of discontinued operations (Note 16)6776
Total current assets48,53248,452
Property and equipment, net5,6795,880
Goodwill (Note 5)14,62814,713
Intangibles - finite life, net (Note 5)619966
Intangibles - indefinite life (Note 5)3,2143,225
Deferred income tax asset, net602602
Deferred charges and other assets1,023953
Total assets74,29774,791
LIABILITIES AND SHAREHOLDERS' EQUITY  
Accounts payable and accrued expenses12,00017,041
Billings in excess of costs and estimated earnings on uncompleted contracts (Note 4)8,4947,810
Accrued income taxes4751,646
Total current liabilities20,96926,497
Other liabilities2,2122,320
Convertible subordinated notes (including related parties notes of $3,950) (Note 8)10,10010,800
Total liabilities33,28139,617
Shareholders' equity:  
Preferred stock, $.01 par value; 10,000 shares authorized, none issued  
Common stock, $0.01 par value; 100,000,000 shares authorized, 14,617,417 and 14,456,659 shares issued in 2011 and 2010, respectively146144
Capital in excess of par value44,15543,237
Accumulated deficit(1,076)(6,243)
Accumulated other comprehensive loss(1,801)(1,608)
Stockholders' equity before treasury stock41,42435,530
Less treasury stock, at cost, 146,820 and 137,920 shares in 2011 and 2010, respectively(408)(356)
Total shareholders' equity41,01635,174
Total liabilities and shareholders' equity$ 74,297$ 74,791