XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash $ 5,706 $ 6,306
Accounts receivable, net 56,299 42,730
Inventories, net 78,598 55,986
Prepaid expenses and other current assets 5,682 2,173
Deferred income taxes 2,811 2,811
Total current assets 149,096 110,006
Property, plant & equipment, net 18,539 13,104
Intangible assets, net 22,271  
Goodwill 22,372  
Other noncurrent assets 4,921 3,509
TOTAL ASSETS 217,199 126,619
Current liabilities    
Accounts payable 38,636 24,444
Income taxes payable   167
Accrued compensation and benefits 3,487 3,758
Current maturities of long-term debt 1,667  
Contingent consideration 8,000  
Other accrued liabilities 5,325 4,016
Total current liabilities 57,115 32,385
Long-term obligations    
Revolving line of credit 70,082 17,933
Deferred income taxes 304 304
Private placement warrants 16,873 24,525
Long-term debt, less current maturities 3,194  
Other noncurrent liabilities 868 1,051
TOTAL LIABILITIES 148,436 76,198
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Series A convertible preferred stock - $0.001 par value. Authorized: 114,000 shares. Issued and outstanding: -0- shares at June 30, 2014 and December 31, 2013. 0 0
Common stock - $0.001 par value. Authorized: 50,000,000 shares. Issued: 11,559,147 and 11,352,812 shares at June 30, 2014 and December 31, 2013, respectively. Outstanding: 10,728,222 and 10,521,887 at June 30, 2014 and December 31, 2013, respectively. 12 11
Additional paid-in-capital 68,837 57,308
Retained earnings (accumulated deficit) 4,164 (2,648)
Treasury stock, at cost, 830,925 shares at June 30, 2014 and December 31, 2013. (4,250) (4,250)
TOTAL STOCKHOLDERS' EQUITY 68,763 50,421
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 217,199 $ 126,619