XML 9 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statements of Operations [Abstract]        
Net sales $ 20,302 $ 25,559 $ 39,391 $ 47,688
Cost of sales 13,389 17,789 26,346 34,594
Gross profit 6,913 7,770 13,045 13,094
Operating expenses        
Selling, general and administrative 5,832 5,834 11,859 11,815
Research and development 55 158 211 266
Goodwill impairment 9,911   9,911  
Total operating expenses 15,798 5,992 21,981 12,081
Operating income (loss) (8,885) 1,778 (8,936) 1,013
Other income 51 15 53 14
Foreign currency gain (loss) 146 55 (143) 144
Interest expense (555) (362) (936) (722)
Total other income and expense (358) (292) (1,026) (564)
Income (loss) before income tax expense (9,243) 1,486 (9,962) 449
Income tax expense (234) (383) (87) (131)
Net income (loss) (9,477) 1,103 (10,049) 318
Less: Net (income) loss attributable to noncontrolling interest, net of tax 15 (223) 81 (325)
Net income (loss) attributable to DRI Corporation (9,462) 880 (9,968) (7)
Provision for preferred stock dividends (181) (117) (355) (225)
Net income (loss) applicable to common shareholders of DRI Corporation $ (9,643) $ 763 $ (10,323) $ (232)
Net income (loss) per share applicable to common shareholders of DRI Corporation        
Basic $ (0.81) $ 0.06 $ (0.87) $ (0.02)
Diluted $ (0.81) $ 0.06 $ (0.87) $ (0.02)
Weighted average number of common shares outstanding        
Basic 11,880,838 11,797,095 11,866,401 11,775,348
Diluted 11,880,838 14,322,759 11,866,401 11,775,348