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Katy Industries - Statement of Operations (in thousands) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jul. 01, 2011
Jul. 02, 2010
Jul. 01, 2011
Jul. 02, 2010
Net sales $ 35,669 $ 38,634 $ 68,578 $ 72,473
Cost of goods sold 31,773 33,067 60,588 62,904
Gross profit 3,896 5,567 7,990 9,569
Selling, general and administrative expenses 5,029 5,941 10,005 11,974
Severance, restructuring and related charges   255   255
Loss on disposal of assets 85   10  
Operating loss (1,218) (629) (2,025) (2,660)
Interest expense (453) (576) (855) (865)
Other, net 110 2,259 75 2,360
(Loss) income before income tax benefit (1,561) 1,054 (2,805) (1,165)
Income tax benefit 257 479 248 512
Net (loss) income $ (1,304) $ 1,533 $ (2,557) $ (653)
Net (loss) income per share of common stock:        
Basic (in Dollars per share) $ (0.16) $ 0.19 $ (0.32) $ (0.08)
Diluted (in Dollars per share) $ (0.16) $ 0.06 $ (0.32) $ (0.08)
Weighted average common shares outstanding:        
Basic (in Shares) 7,951 7,951 7,951 7,951
Diluted (in Shares) 7,951 27,052 7,951 7,951