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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 19,779 $ 12,724
Accounts receivable, net 18,335 23,109
Costs and estimated earnings in excess of billings on uncompleted contracts 6,857 10,643
Inventories, net 4,490 4,344
Prepaid expenses and other current assets 3,313 2,650
Total current assets 52,774 53,470
Property, plant and equipment, net 5,345 5,651
Goodwill 14,668 14,661
Intangible assets- finite life, net 350 526
Intangible assets-indefinite life 3,217 3,218
Deferred income tax asset, net 848 848
Deferred charges and other assets 744 971
Total assets 77,946 79,345
Current liabilities:    
Accounts payable and accrued expenses 10,867 13,569
Billings in excess of costs and estimated earnings on uncompleted contracts 6,706 9,647
Income taxes payable 1,272 393
Total current liabilities 18,845 23,609
Other liabilities 3,165 3,146
Convertible subordinated notes (including related parties notes of $3,950 in 2012 and 2011) 9,160 9,600
Total liabilities 31,170 36,355
Commitments and contingencies      
Shareholders' equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued      
Common stock, $.01 par value; 100,000,000 shares authorized, 14,723,181 and 14,654,262 shares issued in 2012 and 2011, respectively 147 146
Capital in excess of par value 44,672 44,249
Accumulated earnings 4,806 1,301
Accumulated other comprehensive loss (2,493) (2,350)
Stockholders' equity before treasury stock 47,132 43,346
Less treasury stock, at cost, 137,920 shares in 2012 and 2011 (356) (356)
Total shareholders' equity 46,776 42,990
Total liabilities and shareholders' equity $ 77,946 $ 79,345