|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS (USD $) In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 29, 2012
|
Oct. 01, 2011
|
Sep. 29, 2012
|
Oct. 01, 2011
|
| Net sales |
$ 29,166 |
$ 25,501 |
$ 83,309 |
$ 78,244 |
| Costs and expenses: |
|
|
|
|
| Cost of sales (exclusive of depreciation, depletion and amortization) |
23,636 |
19,944 |
67,466 |
62,304 |
| Depreciation, depletion and amortization |
825 |
1,012 |
2,938 |
3,193 |
| Selling and administrative |
4,874 |
4,937 |
15,255 |
14,817 |
| Gain on disposition of property and equipment |
4 |
29 |
21 |
169 |
| Total costs and expenses |
29,331 |
25,864 |
85,638 |
80,145 |
| Operating loss |
(165) |
(363) |
(2,329) |
(1,901) |
| Interest expense, net |
(135) |
(141) |
(400) |
(443) |
| Amortization of deferred financing fees |
|
(51) |
(60) |
(154) |
| Other income, net |
3 |
|
17 |
25 |
| Loss from continuing operations before income taxes |
(297) |
(555) |
(2,772) |
(2,473) |
| Benefit for income taxes |
(106) |
(239) |
(1,026) |
(920) |
| Net loss from continuing operations |
(191) |
(316) |
(1,746) |
(1,553) |
| Income (loss) from discontinued operation net of income tax benefit of $0 and $5 for the three months ended and $5 and $26 for the nine months ended September 29, 2012 and October 1, 2011, respectively |
|
(6) |
(9) |
(44) |
| Net loss |
(191) |
(322) |
(1,755) |
(1,597) |
| Retained earnings, beginning of period |
61,435 |
63,672 |
62,999 |
64,947 |
| Retained earnings, end of period |
$ 61,244 |
$ 63,350 |
$ 61,244 |
$ 63,350 |
| Net loss per basic and diluted share: |
|
|
|
|
| Continuing operations (in dollars per share) |
$ (0.11) |
$ (0.20) |
$ (1.07) |
$ (0.96) |
| Discontinued operation (in dollars per share) |
$ 0.00 |
$ 0.00 |
|
$ (0.03) |
| Net (loss) income per basic and diluted share (in dollars per share) |
$ (0.11) |
$ (0.20) |
$ (1.07) |
$ (0.99) |
| Average shares outstanding, basic (in shares) |
1,634 |
1,623 |
1,634 |
1,615 |
| Average shares outstanding, diluted (in shares) |
1,634 |
1,623 |
1,634 |
1,615 |