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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
NET SALES$ 11,401$ 7,543$ 31,475$ 22,327
Cost of sales9,0266,23424,70317,765
GROSS MARGIN2,3751,3096,7724,562
Technical services and research and development7466206184
Selling, general and administrative expenses1,0988463,3222,666
OPERATING INCOME1,2033973,2441,712
OTHER EXPENSE:    
Interest expense(139)(110)(336)(343)
Gain (loss) on foreign currency exchange rate63(53)6(47)
Other, net  7 
INCOME BEFORE INCOME TAX1,1272342,9211,322
Income tax expense60(2)19832
NET INCOME1,0672362,7231,290
Less: Preferred Stock Dividends 151545
Basic Income Available to Common Shareholders1,0672212,7081,245
Plus: 6% Convertible Debenture Interest Expense22226667
Plus: Preferred Stock Dividends  15 
Diluted Income Available to Common Shareholders$ 1,089$ 243$ 2,789$ 1,312
Income per common share:    
Basic (in dollars per share)$ 0.50$ 0.12$ 1.32$ 0.66
Diluted (in dollars per share)$ 0.33$ 0.09$ 0.86$ 0.48
Weighted average common shares outstanding:    
Basic (in shares)2,1221,9082,0521,899
Diluted (in shares)3,2642,8223,2342,749