BUSINESS ACQUISITIONS (Tables)

9 Months Ended

Sep. 26, 2014

BUSINESS ACQUISITIONS [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of February 19, 2014 are set forth below:

Current assets	$	3,076
Long-term assets		4,349
Intangible assets		4,066
Goodwill		2,556
Total Assets Acquried		14,047
Deferred tax liabilities		(2,440	)
Other liabilities		(833	)
Total liabilities assumed		(3,273	)
Net assets acquired	$	10,774

Business Acquisition, Pro Forma Information

The accompanying consolidated statements of income for the three and nine months ended September 26, 2014 and September 27, 2013 do not include any revenues or expenses related to the acquisition prior to the respective closing date. The following unaudited pro forma consolidated financial information is presented as if the acquisition had occurred at the beginning of the periods presented. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that would have been obtained if these acquisitions had actually occurred during those periods, or the results that may be obtained in the future as a result of these acquisitions.

Pro Forma (unaudited)	Three months ended				Nine months ended
	September 26,				September 26,
	2014		2013		2014		2013
Net Sales	$	26,543	$	25,294	$	73,606	$	72,891
Gross profit		4,994		4,310		12,176		11,803
Income from continuing operations	$	1,351	$	470	$	3,058	$	206
Average common shares outstanding - Basic		7,951		7,951		7,951		7,951
Dilutive effect of convertible preferred stock		18,859		18,859		18,859		18,859
Average common shares outstanding - Diluted		26,810		26,810		26,810		26,810
Basic earnings per share	$	0.17	$	0.06	$	0.38	$	0.03
Diluted earnings per share	$	0.05	$	0.02	$	0.11	$	0.01