BUSINESS ACQUISITIONS (Tables)

9 Months Ended

Sep. 25, 2015

Ft. Wayne Plastics, Inc [Member]

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The accompanying consolidated statements of income for the three and nine months ended September 26, 2014, do not include any revenues or expenses related to the acquisition prior to the closing date. The following unaudited pro forma consolidated financial information is presented as if the FTW acquisition had occurred at the beginning of the periods presented. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisition had actually occurred during those periods, or the results that may be obtained in the future as a result of the acquisition.

Pro Forma (unaudited)	Three months ended September 26, 2014		Nine Months Ended September 26, 2014
Net Sales	$	26,543	$	73,606
Gross profit		4,994		12,176
Net income		1,351		3,058
Average common shares outstanding - Basic		7,951		7,951
Dilutive effect of convertible preferred stock		18,859		18,859
Average common shares outstanding - Diluted		26,810		26,810
Basic earnings per share	$	0.17	$	0.38
Diluted earnings per share	$	0.05	$	0.11

Centrex Plastics, LLC [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The Company recorded the tangible and intangible assets acquired and liabilities assumed at their estimated fair values as of the date of the acquisition as outlined in the table below. As of the filing date of this Form 10-Q, the Company is still finalizing the allocation of the purchase price, primarily related to goodwill and intangibles.

Accounts receivable	$	757
Inventory		1,399
Property and equipment		2,317
Intangible assets		17,789
Goodwill		5,821
Total assets acquired		28,083
Accounts payable		2,162
Accrued expenses		66
Total liabilities assumed		2,228
Net assets acquired	$	25,855

Tiffin, Ohio [Member]

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The accompanying consolidated statements of income for the three and nine months ended September 25, 2015 and September 26, 2014, do not include any revenues or expenses related to the acquisition prior to the closing date. The following unaudited pro forma consolidated financial information is presented as if the Tiffin, Ohio acquisition had occurred at the beginning of the periods presented. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisition had actually occurred during those periods, or the results that may be obtained in the future as a result of the acquisition.

Pro Forma (unaudited)	Three months ended					Nine Months Ended
	September 25, 2015			September 26, 2014		September 25, 2015			September 26, 2014
Net Sales	$	31,048		$	33,356	$	90,431		$	92,480
Gross profit		4,775			5,993		15,044			15,046
Net (loss) income		(1,605	)		2,349		(2,549	)		6,047
Average common shares outstanding - Basic		7,951			7,951		7,951			7,951
Dilutive effect of convertible preferred stock		-			18,859		-			18,859
Average common shares outstanding - Diluted		7,951			26,810		7,951			26,810
Basic earnings per share	$	(0.20	)	$	0.30	$	(0.32	)	$	0.76
Diluted earnings per share	$	(0.20	)	$	0.09	$	(0.32	)	$	0.23