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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 22,994 $ 12,724
Accounts receivable, net 29,499 23,109
Costs and estimated earnings in excess of billings on uncompleted contracts 5,747 10,643
Inventories, net 3,898 4,344
Prepaid expenses and other current assets 2,183 2,650
Total current assets 64,321 53,470
Property, plant and equipment, net 4,885 5,651
Goodwill 19,548 14,661
Intangible assets-finite life, net 1,283 526
Intangible assets-indefinite life 3,526 3,218
Deferred income tax asset, net   848
Deferred charges and other assets 541 971
Total assets 94,104 79,345
Current liabilities:    
Accounts payable and accrued expenses 15,093 13,569
Billings in excess of costs and estimated earnings on uncompleted contracts 11,368 9,647
Income taxes payable 1,079 393
Total current liabilities 27,540 23,609
Other liabilities 4,442 3,146
Deferred income tax liability, net 128  
Convertible subordinated notes (including related parties notes of $3,950 in 2011)   9,600
Total liabilities 32,110 36,355
Commitments and contingencies      
Shareholders' equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued      
Common stock, $.01 par value; 100,000,000 shares authorized, 17,096,543 and 14,654,262 shares issued in 2012 and 2011, respectively 171 146
Capital in excess of par value 54,800 44,249
Accumulated earnings 9,691 1,301
Accumulated other comprehensive loss (2,312) (2,350)
Stockholders' equity before treasury stock 62,350 43,346
Less treasury stock, at cost, 137,920 shares in 2012 and 2011 (356) (356)
Total shareholders' equity 61,994 42,990
Total liabilities and shareholders' equity $ 94,104 $ 79,345