Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Income

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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net sales $ 8,560 $ 23,490
Cost of sales 6,740 14,419
Gross profit 1,820 9,071
Selling, general, and administrative expense 4,631 5,927
Intangibles amortization 1,300 1,300
Income (loss) from operations (4,111) 1,844
Interest expense, net (2,046) (2,204)
Other expense, net (78) (115)
Loss before taxes (6,235) (475)
Income tax expense (benefit) (1,967) 325
Net loss (4,268) (800)
Less net loss attributable to participating securities (54) (10)
Net loss attributable to common shareholders (4,214) (790)
Weighted average number of common shares outstanding:    
Basic (in shares) 21,826,701 21,414,029
Diluted (in shares) 21,826,701 21,414,029
Loss per share:    
Basic (in dollars per share) $ (0.19) $ (0.04)
Diluted (in dollars per share) $ (0.19) $ (0.04)
Cash dividends declared and paid per share (in dollars per share) $ 0.21 $ 0.57
Comprehensive loss $ (4,279) $ (800)