XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Earnings/Loss and Comprehensive Earnings/Loss (Dollar amounts in thousands Shares in thousands, except per share amounts) (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues (Note 10) $ 44,752,000 [1] $ 65,297,000 [1] $ 114,070,000 [1] $ 137,738,000 [1]
Cost of goods sold 31,207,000 42,863,000 74,268,000 86,782,000
Gross profit 13,545,000 22,434,000 39,802,000 50,956,000
Selling, general and administrative expenses 24,863,000 38,710,000 56,226,000 78,263,000
Operating loss (Note 10) (11,318,000) (16,276,000) (16,424,000) (27,307,000)
Other income (Note 11) 0 0 0 3,000,000
Interest (expense)/income, net 652,000 (86,000) (43,000) (147,000)
Loss before income taxes and discontinued operations (10,666,000) (16,362,000) (16,467,000) (24,454,000)
Income tax expense (Note 9) 965,000 1,038,000 1,870,000 1,562,000
Loss from continuing operations (11,631,000) (17,400,000) (18,337,000) (26,016,000)
Loss from discontinued operations, less applicable income taxes of $0 and $0 for the six and three months ended June 30, 2011, respectively (Note 13) 0 (2,626,000) 0 (3,852,000)
Net Loss (11,631,000) (20,026,000) (18,337,000) (29,868,000)
Basic:        
Loss from continuing operations (in Dollars per share) $ (0.33) $ (0.49) $ (0.52) $ (0.73)
Loss from discontinued operations (in Dollars per share) $ 0.00 $ (0.07) $ 0.00 $ (0.11)
Net Loss (in Dollars per share) $ (0.33) $ (0.56) $ (0.52) $ (0.84)
Diluted:        
Loss from continuing operations (in Dollars per share) $ (0.33) $ (0.49) $ (0.52) $ (0.73)
Loss from discontinued operations (in Dollars per share) $ 0.00 $ (0.07) $ 0.00 $ (0.11)
Net Loss (in Dollars per share) $ (0.33) $ (0.56) $ (0.52) $ (0.84)
Weighted average number of shares outstanding (Note 2)        
Basic (in Shares) 35,601 35,475 35,601 35,433
Diluted (in Shares) 35,601 35,475 35,601 35,433
Dividends declared per common share (in Dollars per share) $ 0 $ 0 $ 0 $ 0
Net Loss (11,631,000) (20,026,000) (18,337,000) (29,868,000)
Other Comprehensive (Loss)/Earnings, net of tax:        
Foreign currency translation adjustments, net of income taxes of $0 and $0 for the six months ended June 30, 2012 and 2011, respectively, and net of income taxes of $0 and $0 for the three months ended June 30, 2012 and 2011, respectively (2,568,000) 1,005,000 (1,067,000) 3,336,000
Change in deferred gain/(loss) on hedge derivatives, net of income taxes of $0 and $0 for the six months ended June 30, 2012 and 2011, respectively, and net of income taxes of $0 and $0 for the three months ended June 30, 2012 and 2011, respectively 842,000 187,000 295,000 (779,000)
Change in deferred loss on investments available for sale and restricted investments available for sale, net of income tax benefit of $(1) and $(30) for the six months ended June 30, 2012 and 2011, respectively, and net of income tax benefit of $(1) and $(16) for the three months ended June 30, 2012 and 2011, respectively (1,000) (31,000) (2,000) (58,000)
Comprehensive Loss $ (13,358,000) $ (18,865,000) $ (19,111,000) $ (27,369,000)
[1] Revenue is attributable to geographic regions based on the location of the Company's subsidiaries.