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Consolidated Condensed Statements of Operations (Unaudited) (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 $ 65,822 $ 69,607 $ 195,238 $ 204,761
Cost of sales 49,265 53,834 147,260 155,695
GROSS PROFIT 16,557 15,773 47,978 49,066
Selling and administrative expenses 15,785 14,493 46,530 44,830
Other operating (income) expense, net (48) 102 48 (349)
Facility consolidation and severance expenses, net 0 0 0 (563)
OPERATING INCOME 820 1,178 1,400 5,148
Interest expense 781 904 2,270 2,736
Other income, net (189) (21) (281) (26)
Refinancing expenses 0 317 0 317
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 228 (22) (589) 2,121
Income tax provision (benefit) (41) (44) (349) 647
INCOME (LOSS) FROM CONTINUING OPERATIONS 269 22 (240) 1,474
Loss from discontinued operations, net of tax (167) (65) (272) (127)
NET INCOME (LOSS) $ 102 $ (43) $ (512) $ 1,347
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.02 $ 0.00 $ (0.02) $ 0.11
Discontinued operations $ (0.01) $ 0.00 $ (0.02) $ (0.01)
Net income (loss) $ 0.01 $ 0.00 $ (0.04) $ 0.10
BASIC SHARES OUTSTANDING 12,650 [1] 12,596 [1] 12,630 [1] 12,582 [1]
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.02 $ 0.00 $ (0.02) $ 0.11
Discontinued operations $ (0.01) $ 0.00 $ (0.02) $ (0.01)
Net income (loss) $ 0.01 $ 0.00 $ (0.04) $ 0.10
DILUTED SHARES OUTSTANDING 12,713 [1],[2] 12,648 [1],[2] 12,630 [1],[2] 12,632 [1],[2]
Dividends Per Share:        
Common Stock $ 0.00 $ 0.00 $ 0.00 $ 0.00
Class B Common Stock $ 0.00 $ 0.00 $ 0.00 $ 0.00
[1] Includes Common and Class B Common shares, less shares held in treasury, in thousands.
[2] Because their effects are anti-dilutive, shares issuable under stock option plans where the exercise price is greater than the average market price of the Company's Common Stock at the end of the relevant period, directors' stock performance units, and shares issuable on conversion of subordinated debentures into shares of Common Stock have been excluded. Aggregate shares excluded for the three and nine months ending September 29, 2012 were 766 and 836, respectively and for the three and nine months ending October 1, 2011 were 1,087 and 1,108, respectively.