Note 17 - Transition Period Comparative Data

12 Months Ended

Dec. 31, 2012

Transition Period Comparative Data [Text Block]

NOTE  17:                  TRANSITION PERIOD COMPARATIVE DATA

In August 2011, the Company changed its fiscal year end from June 30 to December 31.  The unaudited information for the year ended December 31, 2011 (which reflects the combined results for the six months ended June 30, 2011 and the six month transition period ended December 31, 2011) and for the six month transition period ended December 31, 2010 is presented below for comparative purposes.

	Year Ended						Six Months Ended
	December 31, 2012			December 31, 2011			December 31, 2011			December 31, 2010
				(unaudited)						(unaudited)
Operating Data:
Sales	$	338,232		$	279,656		$	146,563		$	115,142
Less: excise tax		3,897			193			86			213
Net sales		334,335			279,463			146,477			114,929
Cost of sales		309,312			272,786			143,531			95,783
Gross profit		25,023			6,677			2,946			19,146
Selling, general and administrative expenses		26,536			21,987			11,417			10,587
Other operating costs and (gain) loss on sale of assets, net		(569	)		539			114			650
Impairment of long-lived assets		-			1,301			1,301			-
Bargain purchase gain, net of tax		-			(13,048	)		(13,048	)		-
Income (loss) from operations		(944	)		(4,102	)		3,162			7,909
Gain on sale of joint venture interest		4,055			-			-			-
Other income, net		2			53			48			3
Interest expense		(870	)		(422	)		(330	)		(266	)
Equity in earnings (loss)		(301	)		(2,723	)		(551	)		632
Income (loss) before income taxes		1,942			(7,194	)		2,329			8,278
Provision (benefit) for income taxes		318			(8,272	)		(8,306	)		34
Net income (loss)	$	1,624			1,078			10,635			8,244
Other comprehensive income loss, net		802			1968			(1,020	)		(176	)
Comprehensive income	$	2,426		$	3,046		$	9,615		$	8,068
Per Share Data
Total basic earnings per common share	$	0.09		$	0.06		$	0.59		$	0.46
Total diluted earnings per common share	$	0.09		$	0.06		$	0.59		$	0.46
Shares used in computing basic earnings per share		16,951,168			16,804,797			16,875,924			16,684,606
Shares used in computing diluted earnings per share		16,951,168			16,808,883			16,879,153			16,702,189
Dividends per common share	$	0.05		$	0.05		$	0.05		$	0.05
Cash Flow Data:
Net cash used in operating activities	$	(5,026	)	$	(5,480	)	$	(9,603	)	$	(1,160	)
Net cash provided by (used in) investing activities		3,205			(21,435	)		(12,324	)		(3,663	)
Net cash provided by (used in) financing activities		1,438			26,826			14,707			(1,074	)
Net increase (decrease) in cash and cash equivalents	$	(383	)	$	89		$	(7,220	)	$	(5,897	)