Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Purchase price allocation by goodwill

The Camden acquisition was accounted for by the acquisition method of accounting.  Under acquisition accounting, the total purchase price has been allocated to the tangible and intangible assets and liabilities of Camden based upon their fair values.  We finalized the fair valuation of net assets acquired, for property, plant, and equipment, intangible assets, and goodwill, during the fourth quarter of 2011.  In connection with the allocation of the purchase price, we recorded goodwill of approximately $1.1 million as shown in the following table:

(In thousands)
Purchase price (cash consideration)	$	22,381
Net assets at fair value		21,320
Excess of purchase price over net assets acquired	$	1,061

Purchase price allocation

The purchase price allocation as of December 31, 2011 was as follows:

(In thousands)
Customer receivables	$	1,289
Inventories		816
Prepaid expenses and other current assets		101
Property, plant, and equipment		17,225
Goodwill		1,061
Intangible assets		3,400
Current liabilities		(1,511	)
Purchase price (cash consideration)	$	22,381

Computation of basic and diluted earnings per common share

Earnings Per Common Share - Basic and diluted earnings per common share were computed as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
(In thousands except per share data)	2012			2011		2012			2011
Numerator:
Net income (loss)	$	(841	)	$	1,277	$	(3,790	)	$	(3,884	)
Denominator:
Weighted average shares outstanding - Basic		47,376			47,277		47,347			47,259
Effect of dilutive share-based awards		-			165		-			-
Weighted average shares outstanding - Diluted		47,376			47,442		47,347			47,259
Basic income (loss) per common share	$	(0.02	)	$	0.03	$	(0.08	)	$	(0.08	)
Diluted income (loss) per common share	$	(0.02	)	$	0.03	$	(0.08	)	$	(0.08	)

Compensation expense for share-based compensation programs

Stock-Based Compensation -Compensation expense for share-based compensation programs was recognized as follows as a component of operating expenses:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2012		2011		2012		2011
Share-based compensation expense recognized	$	967	$	698	$	1,715	$	1,280