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NATURE OF OPERATIONS AND ACCOUNTING POLICIES. (Tables)
12 Months Ended
Dec. 29, 2012
NATURE OF OPERATIONS AND ACCOUNTING POLICIES.  
Schedule of impact of implementation of a perpetual inventory system on consolidated statements of operations

 

 

Year Ended

 

Year Ended

 

 

 

December 31, 2011

 

December 25, 2010

 

 

 

As Reported

 

As Revised

 

As Reported

 

As Revised

 

Net sales

 

$

300,807,958

 

$

300,360,689

 

$

220,888,586

 

$

221,150,099

 

Net income (loss)

 

$

686,938

 

$

790,671

 

$

(11,529,081

)

$

(11,698,060

)

Schedule of weighted-average assumptions utilized in the determination of stock compensation expense relating to stock options

 

 

 

2010

 

Risk free interest rate

 

1.90

%

Expected life

 

7.0 years

 

Expected volatility

 

48.82

%

Expected dividends

 

%

Schedule of warranty activity

 

 

 

2012

 

2011

 

2010

 

Accrued warranty, beginning of year

 

$

1,588,000

 

$

1,636,000

 

$

1,377,000

 

Warranty expense

 

1,361,626

 

1,757,367

 

2,405,774

 

Warranty claims paid

 

(1,340,626

)

(1,805,367

)

(2,146,774

)

Accrued warranty, end of year

 

$

1,609,000

 

$

1,588,000

 

$

1,636,000

 

Schedule of net sales from continuing operations

 

 

 

2012

 

2011

 

2010

 

Specialized vehicles:

 

 

 

 

 

 

 

Trucks

 

$

211,971,626

 

$

218,927,753

 

$

122,489,740

 

Buses

 

55,025,147

 

60,640,186

 

69,951,326

 

Armored vehicles

 

16,180,244

 

18,505,470

 

24,860,607

 

 

 

283,177,017

 

298,073,409

 

217,301,673

 

Fiberglass products

 

2,963,095

 

2,287,280

 

3,848,426

 

 

 

$

286,140,112

 

$

300,360,689

 

$

221,150,099