XML 49 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations and Retained Earnings - USD ($)
$ in Thousands
 12 Months Ended
May. 31, 2015
May. 31, 2014
OPERATIONS    
Net sales $ 186,985 $ 153,080
Cost of sales 169,891 142,011
Gross profit 17,094 11,069
Selling and administrative expenses 21,194 19,111
Gain on sale of idle property, plant and equipment 243 706
Operating loss (3,857) (7,336)
Interest expense (381) (71)
Interest income 50 100
Loss from continuing operations before income taxes (4,188) (7,307)
Benefit from income taxes 0 0
Loss from continuing operations (4,188) (7,307)
Loss from discontinued operations, net of income taxes (6,226) (4,557)
Net loss $ (10,414) $ (11,864)
Basic loss per share $ (1.24) $ (1.41)
Loss per share from continuing operations (0.50) (0.87)
Loss per share from discontinued operations $ (0.74) $ (0.54)
Weighted average number of common shares outstanding 8,391,244 8,391,244
RETAINED EARNINGS    
Balance at beginning of year $ 94,291 $ 106,155
Net loss (10,414) (11,864)
Balance at end of year $ 83,877 $ 94,291