XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
TRANSACT TECHNOLOGIES INCORPORATED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 53,108,000us-gaap_SalesRevenueNet $ 60,141,000us-gaap_SalesRevenueNet $ 68,386,000us-gaap_SalesRevenueNet
Cost of sales 31,397,000us-gaap_CostOfGoodsSold 35,049,000us-gaap_CostOfGoodsSold 42,404,000us-gaap_CostOfGoodsSold
Gross profit 21,711,000us-gaap_GrossProfit 25,092,000us-gaap_GrossProfit 25,982,000us-gaap_GrossProfit
Operating expenses:      
Engineering, design and product development 4,302,000us-gaap_ResearchAndDevelopmentExpense 4,065,000us-gaap_ResearchAndDevelopmentExpense 4,239,000us-gaap_ResearchAndDevelopmentExpense
Selling and marketing 7,920,000us-gaap_SellingAndMarketingExpense 7,346,000us-gaap_SellingAndMarketingExpense 6,637,000us-gaap_SellingAndMarketingExpense
General and administrative 7,756,000us-gaap_GeneralAndAdministrativeExpense 6,588,000us-gaap_GeneralAndAdministrativeExpense 7,833,000us-gaap_GeneralAndAdministrativeExpense
Legal fees and settlement expenses associated with lawsuit (Note 11) 5,505,000us-gaap_LegalFees 476,000us-gaap_LegalFees 1,533,000us-gaap_LegalFees
Business consolidation and restructuring (Note 8)     138,000us-gaap_BusinessExitCosts1
25,483,000us-gaap_OperatingExpenses 18,475,000us-gaap_OperatingExpenses 20,380,000us-gaap_OperatingExpenses
Operating income (loss) (3,772,000)us-gaap_OperatingIncomeLoss 6,617,000us-gaap_OperatingIncomeLoss 5,602,000us-gaap_OperatingIncomeLoss
Interest and other income (expense):      
Interest expense (61,000)us-gaap_InterestExpense (64,000)us-gaap_InterestExpense (61,000)us-gaap_InterestExpense
Interest income 12,000us-gaap_InterestIncomeDomesticDeposits 41,000us-gaap_InterestIncomeDomesticDeposits 67,000us-gaap_InterestIncomeDomesticDeposits
Other, net (33,000)us-gaap_OtherNonoperatingIncomeExpense (63,000)us-gaap_OtherNonoperatingIncomeExpense (23,000)us-gaap_OtherNonoperatingIncomeExpense
(82,000)us-gaap_InterestAndOtherIncome (86,000)us-gaap_InterestAndOtherIncome (17,000)us-gaap_InterestAndOtherIncome
Income (loss) before income taxes (3,854,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 6,531,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 5,585,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax (benefit) provision (1,433,000)us-gaap_IncomeTaxExpenseBenefit 1,596,000us-gaap_IncomeTaxExpenseBenefit 1,964,000us-gaap_IncomeTaxExpenseBenefit
Net (loss) income $ (2,421,000)us-gaap_NetIncomeLoss $ 4,935,000us-gaap_NetIncomeLoss $ 3,621,000us-gaap_NetIncomeLoss
Net income(loss) per common share:      
Basic (in Dollars per share) $ (0.29)us-gaap_EarningsPerShareBasic $ 0.57us-gaap_EarningsPerShareBasic $ 0.40us-gaap_EarningsPerShareBasic
Diluted (in Dollars per share) $ (0.29)us-gaap_EarningsPerShareDiluted $ 0.57us-gaap_EarningsPerShareDiluted $ 0.40us-gaap_EarningsPerShareDiluted
Shares used in per-share calculation:      
Basic (in Shares) 8,307us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 8,589us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 9,032us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in Shares) 8,307us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,703us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 9,121us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared and paid per common share: (in Dollars per share) $ 0.31us-gaap_CommonStockDividendsPerShareCashPaid $ 0.27us-gaap_CommonStockDividendsPerShareCashPaid $ 0.06us-gaap_CommonStockDividendsPerShareCashPaid