XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 28, 2012
Dec. 30, 2011
Current assets:    
Cash and cash equivalents $ 9,230,000 $ 3,001,000
Accounts receivable, net of allowance for doubtful accounts of $562,000 and $421,000 at September 28, 2012 and December 30, 2011, respectively 14,079,000 16,782,000
Costs and estimated earnings in excess of billings on uncompleted contracts 11,154,000 20,672,000
Other receivables 128,000 175,000
Prepaid expenses and other current assets 1,072,000 1,724,000
Total current assets 35,663,000 42,354,000
Equipment and leasehold improvements, net 1,014,000 1,217,000
Goodwill   15,208,000
Other intangible assets, net 20,000 49,000
Other assets 353,000 383,000
Deferred income taxes, net of current portion 5,336,000 5,100,000
Total assets 42,386,000 64,311,000
Current liabilities:    
Excess of outstanding checks over bank balance 1,496,000 1,777,000
Borrowings under line of credit 3,000,000 256,000
Accounts payable 4,946,000 8,182,000
Accrued liabilities 7,536,000 10,192,000
Billings in excess of costs and estimated earnings on uncompleted contracts 3,607,000 752,000
Current portion of notes payable 71,000 600,000
Current portion of capital lease obligations 150,000 163,000
Current portion of deferred income taxes 4,001,000 7,349,000
Total current liabilities 24,807,000 29,271,000
Notes payable, less current portion 24,000 77,000
Capital lease obligations, less current portion 116,000 136,000
Deferred lease obligations 435,000 534,000
Total liabilities 25,382,000 30,018,000
Commitments and contingencies      
Stockholders' equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding      
Common stock, $0.01 par value, 40,000,000 shares authorized: 7,335,000 and 7,274,000 shares issued and outstanding at September 28, 2012 and December 30, 2011, respectively 73,000 73,000
Additional paid-in capital 34,376,000 34,065,000
Accumulated (deficit) earnings (17,445,000) 155,000
Total stockholders' equity 17,004,000 34,293,000
Total liabilities and stockholders' equity $ 42,386,000 $ 64,311,000