Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information [Text Block]

Quarterly Results of Operations (Unaudited)

(in thousands, except per share data)

2012 Quarters:	First	Second		Third		Fourth
Net Sales	$26,781	$24,428		$23,977		$23,384
Gross profit	3,597	3,078		3,345		2,182
Net (loss) income	(1,563)	36,860	(1)(2)	(1,904)	(2)	(3,008)	(2)
Net (loss) income per share:
Basic	$    (.11)	$   2.57		$    (.13)		$   (.21)
Diluted	(.11)	2.54		(.13)		(.21)

2011 Quarters:	First		Second		Third	Fourth
Net Sales	$26,57		$27,393		$26,051	$24,631
Gross profit	1,685		3,633		3,824	3,329
Net (loss) income	(3,929)	(1)	(595)	(1)(2)	(1,691)	1,190	(1)(2)
Net (loss) income per share:
Basic	$     (.27)		$     (.04)		$    (.12)	$   .08
Diluted	(.27)		(.04)		(.12)	.08

(1)

Includes restructuring and other charges for the consolidation of a warehouse and distribution center and charges for future lease obligation for a portion of the leased facility no longer required.  The 2012 impact was a second quarter charge of $474,000.  The 2011 impact was a first quarter charge of $768,000, second quarter credit of $277,000 and fourth quarter credit of $75,000.  

(2)

In 2012 Continued Dumping and Subsidy Offset Act totaled income of $39.4 million and $53,000 in the second quarter and the third quarter, respectively, and an expense of $65,000 in the fourth quarter.  In 2011, Continued Dumping and Subsidy Offset Act income totaled $1.1 million in the second quarter and $2.9 million in the fourth quarter.