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v2.4.1.9

Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2013
Condensed Consolidated Statements of Operations [Abstract] |  |
REVENUES | $ 23,013 us-gaap_SalesRevenueGoodsNet | $ 26,201 us-gaap_SalesRevenueGoodsNet
Cost and expenses: |  |
Manufacturing cost of sales | 16,685 us-gaap_ManufacturingCosts | 19,374 us-gaap_ManufacturingCosts
Engineering, selling and administrative | 8,692 lgl_EngineeringSellingAndAdministrative | 10,343 lgl_EngineeringSellingAndAdministrative
Restructuring charges (Note M) | 465 us-gaap_RestructuringSettlementAndImpairmentProvisions | 648 us-gaap_RestructuringSettlementAndImpairmentProvisions
OPERATING LOSS | (2,829)us-gaap_OperatingIncomeLoss | (4,164)us-gaap_OperatingIncomeLoss
Other income (expense): |  |
Interest expense, net | (26)us-gaap_InterestIncomeExpenseNet | (43)us-gaap_InterestIncomeExpenseNet
Other income (expense), net | 26 us-gaap_OtherNonoperatingIncomeExpense | (64)us-gaap_OtherNonoperatingIncomeExpense
Total Other Income (Expense) | 0 us-gaap_NonoperatingIncomeExpense | (107)us-gaap_NonoperatingIncomeExpense
LOSS BEFORE INCOME TAXES | (2,829)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (4,271)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax benefit (provision) (Note F) | 4 us-gaap_IncomeTaxExpenseBenefit | (3,948)us-gaap_IncomeTaxExpenseBenefit
NET LOSS | $ (2,825)us-gaap_NetIncomeLoss | $ (8,219)us-gaap_NetIncomeLoss
Weighted average number of shares used in basic and diluted net income (loss) per common share calculation (in shares) | 2,595,988 us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 2,595,362 us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
BASIC AND DILUTED NET (LOSS) INCOME PER COMMON SHARE (Note A) | $ (1.09)us-gaap_EarningsPerShareBasicAndDiluted | $ (3.17)us-gaap_EarningsPerShareBasicAndDiluted

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- Definition The aggregate total costs related to engineering a product design and manufacture, selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. + References No definition available. + Details
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