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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net Sales $ 11,964,764 $ 12,964,203 $ 24,662,419 $ 25,374,969
Cost of Sales 9,894,922 10,091,153 20,121,805 19,457,347
Gross profit 2,069,842 2,873,050 4,540,614 5,917,622
Operating expenses:        
General and administrative 1,349,726 1,307,771 2,679,680 2,568,450
Selling 206,521 218,394 420,776 558,819
Advertising and marketing 363,883 457,225 692,016 940,637
Total operating expenses 1,920,130 1,983,390 3,792,472 4,067,906
Income from operations 149,712 889,660 748,142 1,849,716
Other (expense) income:        
Interest expense (147,958) (300,658) (289,193) (549,061)
Interest income 3,923 4,263 5,952 8,593
Foreign currency gain (loss) 15,150 (21,463) 26,268 (34,687)
Total other expense, net (128,885) (317,858) (256,973) (575,155)
Net Income before taxes 20,827 571,802 491,169 1,274,561
Income tax expense (benefit) 35,472 (21,036) 240,901 95,324
Net (loss) income (14,645) 592,838 250,268 1,179,237
Less: Net loss attributable to noncontrolling interest (28,000) (13,929) (60,195) (26,373)
Net income attributable to CTI Industries Corporation 13,355 606,767 310,463 1,205,610
Other Comprehensive (Loss) Income        
Unrealized gain on derivative instruments 0 154,418 0 188,615
Foreign currency adjustment (57,923) (291,017) 394,708 (71,225)
Comprehensive (loss) income $ (44,568) $ 470,168 $ 705,171 $ 1,323,000
Basic income per common share (in dollars per share) $ 0 $ 0.21 $ 0.10 $ 0.43
Diluted income per common share (in dollars per share) $ 0 $ 0.20 $ 0.10 $ 0.42
Dividends per share (in dollars per share) $ 0 $ 0.05 $ 0 $ 0.05
Weighted average number of shares and equivalent shares of common stock outstanding:        
Basic (in shares) 3,137,848 2,898,811 3,137,842 2,834,265
Diluted (in shares) 3,187,779 2,959,952 3,193,213 2,877,102