XML 37 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 8,439 $ 5,792
Accounts receivable, net 20,061 26,772
Costs and estimated earnings in excess of billings on uncompleted contracts (Note 4) 10,569 8,345
Inventories, net (Note 3) 5,381 4,432
Prepaid expenses and other current assets 2,819 2,509
Assets held for sale (Note 17) 0 526
Current assets of discontinued operations (Note 16) 67 76
Total current assets 47,336 48,452
Property and equipment, net 5,643 5,880
Goodwill (Note 5) 14,776 14,713
Intangibles - finite life, net (Note 5) 715 966
Intangibles - indefinite life (Note 5) 3,233 3,225
Deferred income tax asset, net 602 602
Deferred charges and other assets 754 953
Total assets 73,059 74,791
LIABILITIES AND SHAREHOLDERS' EQUITY    
Current debt (Note 8) 317 0
Accounts payable and accrued expenses 14,337 17,041
Billings in excess of costs and estimated earnings on uncompleted contracts (Note 4) 5,496 7,810
Accrued income taxes 1,158 1,646
Total current liabilities 21,308 26,497
Other liabilities 2,322 2,320
Convertible subordinated notes (including related parties notes of $3,950) (Note 8) 10,600 10,800
Total liabilities 34,230 39,617
Shareholders' equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued    
Common stock, $0.01 par value; 100,000,000 shares authorized, 14,479,917 and 14,456,659 shares issued in 2011 and 2010, respectively 145 144
Capital in excess of par value 43,463 43,237
Accumulated deficit (3,032) (6,243)
Accumulated other comprehensive loss (1,391) (1,608)
Stockholders' equity before treasury stock 39,185 35,530
Less treasury stock, at cost, 137,920 shares in 2011 and 2010 (356) (356)
Total shareholders' equity 38,829 35,174
Total liabilities and shareholders' equity $ 73,059 $ 74,791