Empire Resources (ERS) 10-K 31 Mar 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 24, 2014	Jun. 30, 2013
Document Information [Line Items]	'	'	'
Entity Registrant Name	'EMPIRE RESOURCES INC /NEW/	'	'
Entity Central Index Key	'0001019272	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Trading Symbol	'ERS	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Common Stock, Shares Outstanding	'	8,668,565	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'
Entity Public Float	'	'	$22,436,000

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current assets:	'	'
Cash	$2,477	$3,136
Trade accounts receivable (less allowance for doubtful accounts of $562 and $521)	52,696	53,551
Inventories	139,752	145,547
Deferred tax assets	3,217	3,306
Advance to supplier, net of imputed interest of $176 and $292	3,147	3,061
Other current assets, including derivatives	6,081	3,965
Total current assets	207,370	212,566
Advance to supplier, net of imputed interest of $56 and $234, net of current maturities	3,287	6,413
Preferential supply agreement, net	641	962
Long-term financing costs, net of amortization	358	862
Property and equipment, net	3,949	3,987
Deferred Tax assets	215	0
Total assets	215,820	224,790
Current liabilities:	'	'
Notes payable - banks	107,922	124,095
Current maturities of mortgage payable	1,290	171
Trade accounts payable	44,058	36,048
Income taxes payable	2,042	3,036
Accrued expenses and derivative liabilities	2,844	4,783
Dividends payable	215	0
Total current liabilities	158,371	168,133
Mortgage payable, net of current maturities	0	1,290
Subordinated convertible debt net of unamortized discount of $1,368 and $1,933 respectively	10,632	10,067
Derivative liability for embedded conversion option	2,048	1,996
Deferred taxes payable	0	195
Total Liabilities	171,051	181,681
Commitments (Note R)	'	'
Stockholders' equity:	'	'
Common stock $0.01 par value, 20,000,000 shares authorized and 11,749,651 shares issued at December 31, 2013 and December 31, 2012	117	117
Additional paid-in capital	11,937	11,937
Retained earnings	38,178	36,641
Accumulated other comprehensive income/(loss)	51	-136
Treasury stock, 3,177,708 and 3,158,597 shares at December 31, 2013 and December 31, 2012, respectively	-5,514	-5,450
Total stockholders' equity	44,769	43,109
Total liabilities and stockholders' equity	$215,820	$224,790

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets [Parenthetical] (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified
Allowance for doubtful accounts, trade accounts	$562	$521
Imputed interest, advance to supplier amortization amount	176	292
Imputed interest, advance to supplier amortization amount, current	56	234
Unamortized discount, subordinated convertible debt	$1,368	$1,933
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized (in shares)	20,000,000	20,000,000
Common stock, issued (in shares)	11,749,651	11,749,651
Treasury stock (in shares)	3,177,708	3,158,597

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Net sales	$482,683	$538,527
Cost of goods sold	460,944	513,560
Gross profit	21,739	24,967
Selling, general and administrative expenses	13,392	13,258
Operating income	8,347	11,709
Other expenses	'	'
Change in value of derivative liability	-52	-63
Interest expense, net	-4,514	-5,225
Income before income taxes	3,781	6,421
Income taxes	1,385	2,457
Net income	$2,396	$3,964
Weighted average shares outstanding:	'	'
Basic (in shares)	8,583	8,897
Diluted (in shares)	8,852	12,028
Earnings per share:	'	'
Basic (in dollars per share)	$0.28	$0.45
Diluted (in dollars per share)	$0.27	$0.42

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Net Income	$2,396	$3,964
Other comprehensive income/(loss) before tax	'	'
Foreign currency translation adjustments	132	49
Decrease in value of interest rate swap liability	57	53
Reclassification of loss on sale/(decrease) in value of marketable securities	32	-6
Other comprehensive income before tax	221	96
Income tax related to components of other comprehensive income	-34	-18
Other comprehensive income, net of tax	187	78
Comprehensive income	$2,583	$4,042

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net income	$2,396	$3,964
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	697	686
Change in value of derivative liability	52	63
Amortization of convertible note discount	566	566
Imputed interest on vendor advance	-293	-436
Provision for doubtful accounts	33	-6
Amortization of supply agreement	321	0
Deferred income taxes	-356	45
Foreign exchange gain and other	-29	-6
Loss on sale of marketable securities	31	0
Changes in:	'	'
Trade accounts receivable	981	3,012
Inventories	5,969	38,655
Other current assets	-2,121	7,083
Trade accounts payable	8,008	-14,016
Income taxes payable	-994	-1,024
Accrued expenses and derivative liabilities	-1,893	741
Net cash provided by operating activities	13,368	39,327
Cash flows provided by/(used in) investing activities:	'	'
Repayment/(advance) related to supply agreement	3,333	-5,000
Net proceeds from sale of marketable securities	6	0
Purchases of property and equipment	-95	-73
Net cash provided by/(used in) investing activities	3,244	-5,073
Cash flows used in financing activities:	'	'
Repayments of notes payable - banks	-16,361	-30,412
Repayments - mortgage payable	-171	-160
Dividends paid	-644	-2,825
Deferred financing costs	-60	-62
Treasury stock purchased	-64	-1,941
Net cash used in financing activities	-17,300	-35,400
Net decrease in cash	-688	-1,146
Effect of exchange rate	29	8
Cash at beginning of period	3,136	4,274
Cash at end of the period	2,477	3,136
Supplemental disclosures of cash flow information:	'	'
Interest	3,739	5,107
Income taxes	2,553	3,197
Non cash financing activities:	'	'
Dividend declared but not yet paid	$215	$0

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income/(Loss) [Member]	Treasury Stock [Member]
In Thousands
Balance at Dec. 31, 2011	$43,602	$117	$11,937	$35,271	($214)	($3,509)
Balance (in shares) at Dec. 31, 2011	'	11,750	'	'	'	'
Treasury stock acquired	-1,941	'	'	'	'	-1,941
Net change in cumulative translation adjustment	49	'	'	'	49	'
Decrease in value of interest rate swap liability, net of deferred tax	33	'	'	'	33	'
Reclassification on loss of sale of marketable securities, net of deferred tax	-4	'	'	'	-4	'
Dividends declared	-2,594	'	'	-2,594	'	'
Net income	3,964	'	'	3,964	'	'
Balance at Dec. 31, 2012	43,109	117	11,937	36,641	-136	-5,450
Balance (in shares) at Dec. 31, 2012	'	11,750	'	'	'	'
Treasury stock acquired	-64	'	'	'	'	-64
Net change in cumulative translation adjustment	132	'	'	'	132	'
Decrease in value of interest rate swap liability, net of deferred tax	35	'	'	'	35	'
Reclassification on loss of sale of marketable securities, net of deferred tax	20	'	'	'	20	'
Dividends declared	-859	'	'	-859	'	'
Net income	2,396	'	'	2,396	'	'
Balance at Dec. 31, 2013	$44,769	$117	$11,937	$38,178	$51	($5,514)
Balance (in shares) at Dec. 31, 2013	'	11,750	'	'	'	'

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity [Parenthetical] (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Decrease in value of interest rate swap liability, net of deferred tax	$21	$20
Increase in value of marketable securities, net of deferred tax	$12	$2
Dividends declared	$0.10	$0.30

Business

Business	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	Note A – Business
	Empire Resources, Inc. (“the Company”) is engaged principally in the purchase, sale and distribution of value added semi-finished aluminum and steel products to a diverse customer base located throughout the Americas, Australia, Europe and New Zealand.  The Company sells its products through its own marketing and sales personnel and through independent sales agents located in the U.S. and Europe who receive commissions on sales.  The Company purchases from several suppliers located throughout the world (see Note B [14]).

Summary_of_Significant_Account

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

'

Significant Accounting Policies [Text Block]

'

Note B - Summary of Significant Accounting Policies

[1]    Principles of consolidation:

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries , Empire Resources Pacific Ltd., the Company’s sales agent in Australia, 6900 Quad Avenue LLC, the owner of the warehouse facility in Baltimore, Maryland, and Imbali Metals BVBA, the Company’s operating subsidiary in Europe.  All intercompany balances and transactions have been eliminated on consolidation.

[2]    Revenue recognition:

Revenue on product sales is recognized at the point in time when the product has been shipped or delivered, title and risk of loss has been transferred to the customer, and the following conditions are met: persuasive evidence of an arrangement exists, the price is fixed and determinable, and collectability of the resulting receivable is reasonably assured.

[3]    Accounts receivable and allowance policy:

Accounts receivable are stated as the outstanding balance due from customers, net of an allowance for doubtful accounts.  The Company maintains a credit insurance policy with a 10% co-pay provision for most accounts receivable.  The Company will provide an allowance for doubtful accounts in the event that it determines there may be probable losses beyond the credit insurance coverage.

[4]    Inventories:

Inventories which consist of purchased semi-finished metal products are stated at the lower of cost or market.  Cost is determined by the specific-identification method. Inventory has generally been purchased for specific customer orders.  The carrying amount of inventory which is hedged by futures contracts designated as fair value hedges is adjusted to fair value.

[5]    Property and equipment:

Property and equipment are stated at cost and depreciated by the straight-line method over their estimated useful lives.  Impaired assets are written down to their fair value.

[6]    Derivatives:

The Company recognizes all derivatives in the balance sheet at fair value. Derivatives that are not hedges are adjusted to fair value through earnings. If the derivative is a hedge, depending upon the nature of the hedge, changes in the fair value of the derivative are either offset against the change in fair value of the hedged assets, liabilities or firm commitments through earnings (fair value hedge), or recognized in other comprehensive income until the hedged item is recognized in earnings (cash flow hedge). The ineffective portion of a derivative’s change in fair value, if any, is immediately recognized in earnings. When a hedged item in a fair value hedge is sold, the adjustment in the carrying amount of the hedged item is recognized in earnings (see Note E).

[7]     Foreign currency translation:

The functional currency of Empire Resources Pacific Ltd., a wholly-owned domestic subsidiary which acts as a sales agent in Australia and New Zealand, is the Australian dollar.  The Company also has a wholly owned foreign subsidiary incorporated in Belgium which sells semi-finished aluminum products in Europe.  The functional currency of this subsidiary is the Euro. Cumulative translation adjustments, which are charged or credited to accumulated other comprehensive income, arise from translation of functional currency amounts into U.S. dollars.

[8]    Income taxes:

The Company follows the asset and liability approach for deferred income taxes.  This method provides that deferred tax assets and liabilities are recorded, using currently enacted tax rates, based upon the difference between the tax bases of assets and liabilities and their carrying amounts for financial statement purposes.

Deferred tax asset valuation allowances are recorded when management does not believe that it is more likely than not that the related deferred tax assets will be realized.

[9]    Per share data:

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year.  Diluted earnings per share give effect to all dilutive outstanding stock options, using the treasury stock method and assumed conversion of subordinated debt (see Note O).

[10]    Stock - based compensation:

Stock-based compensation expense for an award of equity instruments, including stock options, is recognized over the vesting period based on the fair value of the award at the grant date.

[11]    Newly Effective Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board issued authoritative guidance on the reporting of reclassifications out of accumulated other comprehensive income (“AOCI”) and changes in AOCI balances.  The guidance requires an entity to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income if the amount is reclassified to net income in its entirety in the same reporting period.  The guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2012, with early adoption permitted.  The Company adopted this guidance effective January 1, 2013.

[12]    Fair Value

Authoritative guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  The fair value hierarchy consists of three broad levels, as described below:

⋅

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

⋅

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

⋅

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

Derivative contracts consisting of aluminum contracts, foreign currency contracts, and interest rate swaps are valued using quoted market prices and significant other observable inputs.  These financial instruments are typically exchange-traded and are generally classified within Level 1 or Level 2 of the fair value hierarchy depending on whether the exchange is deemed to be an active market or not. The conversion option embedded in convertible subordinated notes issued in 2011 was valued using Level 3 inputs.

Major categories of assets and liabilities measured at fair value at December 31, 2013 and 2012 are classified as follows (in thousands):

December 31, 2013

December 31, 2012

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Assets:

Inventories

$

106,903

$

124,274

Aluminum futures contracts

1,047

Foreign Currency forward

316

contracts

Liabilities:

Foreign currency forward

27

contracts

Interest rate swap contracts

$

52

$

111

Aluminum futures contracts

842

Embedded conversion option

$

2,048

$

1,996

[13]   Use of estimates:

The preparation of financial statements in accordance with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period.   Actual results could differ from these estimates.

[14]   Significant customers and concentration of suppliers:

No customer accounted for sales in excess of 10% during 2013. Two customers accounted for 19% of sales in 2012.

The Company’s purchase of metal products is from a limited number of suppliers located throughout the world. Two suppliers, PT. Alumindo and Hulamin Ltd, accounted for 51% of total purchases for the year ended December 31, 2013 as compared to 57% of total purchases during the year ended December 31, 2012.   The Company’s loss of any of its largest suppliers or a material default by any such supplier in its obligations to the Company would have at least a short-term material adverse effect on the Company’s business.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2013
Investments, All Other Investments [Abstract]	'
Financial Instruments Disclosure [Text Block]	'
	Note C – Fair Value of Financial Instruments
	The carrying amounts of variable rate notes payable to the banks and the variable rate mortgage payable approximate fair value as of December 31, 2013 and 2012 because these notes reflect market changes to interest rates. The fair value of the subordinated convertible debt approximates its principal amount of $12 million at December 31, 2013 and 2012, which exceeds its carrying amount as a result of the unamortized discount related to the bifurcation of the embedded conversion option. The carrying amount of the advance to supplier approximates its fair value at December 31, 2013 and 2012.  Fair value of financial instruments are based on level 2 inputs. Derivative financial instruments are carried at fair value (see Note B [12]).

Property_and_Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	Note D – Property and Equipment
	Property and equipment are summarized as follows: (in thousands)
		December 31,
		2013		2012		Estimated Useful Life
	Cost:
	Land	$	1,180	$	1,180
	Buildings and improvements		3,165		3,165	10 and 40 years
	Other equipment		1,464		1,369	3 to 5 years
			5,809		5,714
	Less: Accumulated depreciation		1,860		1,727
	Net Book Value	$	3,949	$	3,987
	Depreciation expense was $130 and $126 for the years ended December 31, 2013 and 2012, respectively.

Derivative_Financial_Instrumen

Derivative Financial Instruments and Risk Management	12 Months Ended
	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities Disclosure [Text Block]	'
	Note E – Derivative Financial Instruments and Risk Management
	The Company uses derivative financial instruments designated as fair value hedges to manage its exposure to commodity price risk and foreign currency exchange risk inherent in its operations.  It is the Company’s policy to hedge such risks to the extent practicable.  The Company enters into high-grade aluminum futures contracts to limit its gross margin exposure by hedging the metal content element of firmly committed purchase and sales commitments. The Company also enters into foreign exchange forward contracts to hedge its exposure related to commitments to buy and sell non-ferrous metals denominated in international currencies.
	The Company’s unrealized assets and liabilities in respect of its fair value hedges measured at fair value at December 31, 2013 and 2012 are as follows (in thousands):
	Derivatives designated			December 31,			December 31,
	as fair value hedges		Balance Sheet Location	2013			2012
	Asset derivatives:
	Aluminum futures contracts		Other current assets	$	1,047			-
	Foreign currency forward contracts		Other current assets		316			-
	Total			$	1,363		$	-
	Liability derivatives:
	Foreign currency forward contracts		Accrued expenses and derivative		-		$	27
			liabilities
	Aluminum futures contracts		Accrued expenses and derivative		-			842
			liabilities
	Total			$	-		$	869
	For the years ended December 31, 2013, and 2012, hedge ineffectiveness associated with derivatives designated as fair value hedges was insignificant, and no fair value hedges were derecognized.
	On October 31, 2011, MF Global UK Limited, one of the Company’s London Metal Exchange clearing brokers, went into special administration under The Investment Bank Special Administration Regulations 2011 in the UK.  On October 31, 2011 we had no cash balances with MF Global UK Limited. The majority of the positions cleared through MF Global UK Limited were transferred to another London Metal Exchange broker. There were some unsettled contracts that were not transferred at that time.  For the contracts not transferred, the Company had a claim of approximately $800 against MF Global UK Limited, representing the fair value of the contracts on October 31, 2011. Of such amount, unsettled contracts valued at $536 and $264, which hedged inventory  sold in 2011 and 2012, respectively, have been written off to cost of goods sold in such years based on the uncertainty of recoverability. On November 20, 2012, the Company sold its claim on a non-recourse basis to a third party for $497, which was credited to cost of goods sold.
	As discussed in Note G, the Company entered into an interest rate swap to convert a mortgage from a variable rate to a fixed rate obligation.  This swap has been designated as a cash flow hedge and the Company’s unrealized liabilities relating to the swap measured at fair value at December 31, 2013 and 2012 are as follows (in thousands):
	Derivatives designated			December 31,			December 31,
	as cash flow hedges		Balance Sheet Location	2013			2012
	Liability derivatives:
	Interest rate swap contracts		Accrued expenses and derivative	$	52		$	111
			liabilities
	A corresponding debit, net of deferred taxes, is reflected in accumulated other comprehensive loss in the accompanying balance sheet (see Note L).
	The table below summarizes the realized gain or (loss) on the Company’s derivative instruments and their location in the income statement (in thousands):
	Derivatives in hedging			Location of Gain or		Year Ended December 31,
	relationships			(Loss) Recognized		2013			2012
	Foreign currency forward contracts		(a)	Cost of goods sold		$	-13		$	-754
	Interest rate swaps		(b)	Interest expense, net			-56			-67
	Aluminum futures		(c)	Cost of goods sold			6,975			11,447
	Total					$	6,906		$	10,626
		(a)	Fair value hedge: the related hedged item is accounts receivable and accounts payable denominated in foreign currency and offsetting gains in 2013 and 2012, in the same respective amounts are included in cost of goods sold.
		(b)	Cash flow hedge: recognized loss reclassified from accumulated other comprehensive loss in 2013 and 2012.
		(c)	Fair value hedge: the related hedged item is inventory and offsetting losses in the same respective amounts are included in cost of goods sold in 2013 and 2012.  Also included in 2012 is a loss of approximately $264, related to the write off of unsettled contracts and a gain of $497 related to the sale of the claim for the unsettled contracts referred to above.

Accrued_expenses_and_derivativ

Accrued expenses and derivative liabilities	12 Months Ended
	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	Note F – Accrued expenses and derivative liabilities
	Accrued expenses and derivative liabilities consist of the following (in thousands):
		December 31,
		2013		2012
	Accrued expenses	$	2,792	$	3,804
	Derivative liabilities		52		979
		$	2,844	$	4,783

Mortgage_Payable

Mortgage Payable	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Mortgage Notes Payable Disclosure [Text Block]	'
	Note G – Mortgage Payable
	In December 2004, the Company entered into a mortgage in connection with the purchase of a warehouse. The mortgage, which requires monthly payments of approximately $21.6 including interest, bears interest at LIBOR + 1.75% and matures in December 2014.
	In connection with the mortgage, the Company entered into an interest rate swap with a bank which has been designated as a cash flow hedge.  Effective 2004 through December 29, 2014, each month the Company will pay a fixed interest rate of 6.37% to the bank on a notional principal equal to the outstanding principal balance of the mortgage.  In return, the bank will pay to the Company a floating rate, namely, LIBOR, to reset monthly plus 1.75% on the same notional principal amount.

Notes_Payable

Notes Payable	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	Note H - Notes Payable
	On April 28, 2011, the Company entered into a new working capital credit agreement with Rabobank International, for itself and as lead arranger and agent, JPMorgan Chase, for itself and as syndication agent, and ABN AMRO, BNP Paribas, RBS Citizens, Société Générale, and Brown Brothers Harriman. The $200,000 secured, asset-based credit facility matures on June 30, 2014 and refinanced the Company’s $175,000 credit agreement. The agreement includes a commitment to issue letters of credit and also allows additional increases in the line of credit of up to $50,000, subject to certain restrictions. Amounts borrowed bear interest at Eurodollar, money market or base rates, at the Company’s option, plus an applicable margin. The Company’s borrowings under this line of credit are secured by substantially all of the Company’s assets. The credit agreement contains financial and other covenants including but not limited to, covenants requiring maintenance of minimum tangible net worth of $25,000 plus an aggregate amount equal to 25% of the Company’s positive net earnings after December 31, 2011 and compliance with a leverage ratio of not more than 6.00 to 1, as well as an ownership minimum and limitations on other indebtedness, liens, and investments and dispositions of assets. The credit agreement provides that amounts under the facility may be borrowed and repaid, and re-borrowed, subject to a borrowing base test, until the maturity date of June 30, 2014.  As of December 31, 2013, the Company had borrowings of $103,500 outstanding under the credit agreement, bearing interest at 2.66%, and the Company was in compliance with all financial covenants. In addition, the credit utilized under the agreement included $71,105 outstanding letters of credit. As of December 31, 2012, the Company had borrowings of $118,250 outstanding under the credit agreement, bearing interest at 2.75%, and the outstanding letters of credit utilized under the agreement totaled $33,534. The Company is negotiating a new line of credit and anticipates that a new credit agreement will be in effect prior to the expiration of the current agreement; however there can be no assurances that it will be able to successfully conclude a new agreement.
	The Company’s wholly owned Belgian subsidiary, Imbali Metals BVBA, (“Imbali”) operates under a line of credit with ING Belgium S.A./N.V., with a EUR 8,000 ($10,996) commitment for loans and documentary letters of credit. Loan advances are limited to a percentage of Imbali’s pledged accounts receivable and inventory. This secured credit arrangement is unconditionally guaranteed by the Company. As of December 31, 2013, Imbali had borrowings of EUR 3,217($4,422) under this line of credit, bearing interest at EURIBOR plus 1.75%, and was in compliance with all financial covenants. As of December 31, 2012, Imbali had borrowings of EUR 4,430 ($5,845) outstanding under this line of credit, and was in compliance with all financial covenants.

Convertible_Subordinated_Debt

Convertible Subordinated Debt	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Subordinated Borrowings Disclosure [Text Block]	'
	Note I – Convertible Subordinated Debt
	On June 3, 2011, the Company sold $12,000 principal amount of 10% Convertible Senior Subordinated Notes Due June 1, 2016 in a private placement to selected accredited investors.  As of December 31, 2013, the notes are convertible at the option of the holders into shares of common stock at a conversion price of 250.62 shares of common stock per $1,000 principal amount of notes (equivalent to a conversion price of $3.99 per share of common stock), subject to dilutive adjustment for cash and stock dividends, stock splits and similar transactions, at any time before maturity.  As of December 31, 2012, the notes were convertible at the option of the holders into shares of common stock at a conversion price of 244.61 shares of common stock per $1,000 principal amount of notes (equivalent to a conversion price of $4.09 per share of common stock), subject to dilutive adjustment for cash and stock dividends, stock splits and similar transactions. The conversion price at December 31, 2013 reflects eleven adjustments for dividends declared on common stock subsequent to the issuance of the notes through such date.  In addition, if the last reported sale price of the Company’s common stock for 30 consecutive trading days is equal to or greater than $7.00, and a registration statement is effective covering the resale of the shares of common stock issuable upon conversion of the notes, the Company has the right, in its sole discretion, to require the holders to convert all or part of their notes at the then applicable conversion rate.  Interest on the notes is payable in arrears on the first day of June and December every year the notes are outstanding. The note contains covenants, including restrictions on the Company’s ability to incur certain indebtedness and create certain liens. Officers and directors of the Company and certain affiliated entities purchased $4,000 principal amount of the notes.
	The majority of proceeds of the convertible subordinated debt was earmarked for a long term advance in connection with a supply agreement with the Indonesian company PT. Alumindo Light Metal Industry Tbk, (PT. Alumindo) a leading producer of high quality semi-finished aluminum products, and its affiliates, as described below.  The agreement called for, and the Company  provided a $10,000 non-interest bearing loan to an affiliate of PT. Alumindo to enable the expansion of capacity within that group of companies’ production network.  The agreements also provide for a long term, multi-year substantial and preferential supply position from PT. Alumindo's premier aluminum rolling mill located in Surabaya, Indonesia.   The loan is being   repaid to the Company beginning on January 1, 2013 in monthly installments of $278. If the Company and PT. Alumindo are unable to agree on a product price under the supply agreement for any given quarter, the monthly re-payment obligation will increase to $556 and the outstanding balance will accrue interest, at the one month U.S. dollar LIBOR rate plus 3.5% per annum, per month. The entire remaining balance, if any, must be repaid on January 1, 2016.  The specific parties to the agreement, PT. Alumindo, Southern Aluminum Industry and Fung Lam Trading Company, are related parties controlled by the Maspion Group - Indonesia.  The Fung Lam Trading Company Ltd, which is wholly owned by the Maspion Group, is a holding company for the group’s investments in China, including 70% ownership of Southern Aluminum Industry. The loan was made to Fung Lam Trading Company Ltd at the request of Maspion Group – Indonesia.  The purpose of the loan was to allow the Maspion Group - Indonesia to increase their overall production capacity, specifically for regional markets and for distribution in China. As consideration for this loan the Maspion Group - Indonesia agreed to make available a committed and significant tonnage of production to the Company on a guaranteed and long-term basis, which will help the Company lessen the risk of an interruption in the sources of its metal supply, from PT. Alumindo’s mill in Surabaya, Indonesia, with which the Company has had substantial experience.  The supply agreement calls for increased supply and minimum tonnages.
	Interest at the rate of 3.69%, based on the interest rate chargeable in the agreement in the event the supplier does not meet its supply commitments, has been imputed on the non-interest bearing advance and the resulting discount which amounted to $962, has been ascribed to the preferential supply agreement.  Imputed interest income is being recognized over the term of the advance by use of the interest method and amounted to $293 and $436 during 2013 and 2012 respectively, and is included in interest expense, net. The preferential supply agreement is being amortized by the straight line method over three years starting from January 1, 2013, the date that the increased supply began. Amortization expense for 2013 amounted to $321.
	As a result of transactions which cause adjustments to the conversion rate, the embedded conversion option has been bifurcated and recorded as a separate derivative liability at a fair value at issuance of the notes of $2,829, with a corresponding discount recorded on the notes. The derivative liability is carried at fair value with changes therein recorded in income. The quarterly mark to market of the derivative liability will result in non-operating, non-cash gains or losses based on decreases or increases in the Company’s stock market price, respectively, among other factors. The non-cash discount is being amortized as additional interest expense over the term of the notes. During the years ended December 31, 2013 and December 31, 2012, the change in the fair value of the derivative liability resulted in a loss of $52 and $63, respectively, and amortization of the discount amounted to $566.
	The derivative liability was valued using a lattice model using Level 3 inputs. This technique was selected because it embodies all of the types of inputs that the Company expects market participants would consider in determining the fair value of equity linked derivatives embedded in hybrid debt agreements.
	The following table summarizes the significant inputs resulting from the calculations at issuance and year end:
		December 31, 2013			December 31, 2012			June 3, 2011
	Equity value	$	30,708		$	25,696		$	36,811
	Volatility		45	%		55	%		70	%
	Risk free return		0.38	%		0.54	%		1.6	%
	Dividend Yield		2.79	%		3.34	%		2.51	%
	Strike Price	$	3.99		$	4.09		$	4.65

Stock_Options

Stock Options	12 Months Ended
	Dec. 31, 2013
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	Note J - Stock Options
	The Company’s 2006 Stock Option Plan (the “2006 Plan”), as amended, provides for the granting of options to purchase not more than an aggregate of 559,000 shares of common stock. Under the 2006 Plan, all canceled or terminated options are available for grants. All officers, directors and employees of the Company and other persons who perform services for the Company are eligible to participate in the 2006 Plan.  Some or all of the options may be “incentive stock options” within the meaning of the Internal Revenue Code of 1986, as amended.
	The 2006 Plan provides that it is to be administered by the Board of Directors, or by a committee appointed by the Board, which will be responsible for determining, subject to the provisions of the 2006 Plan, to whom the options are granted, the number of shares of common stock subject to an option, whether an option shall be incentive or non-qualified, the exercise price of each option (which, other than in the case of incentive stock options, may be less than the fair market value of the shares on the date of grant), the period during which each option may be exercised and the other terms and conditions of each option.  No options may be granted under the 2006 Plan after June 26, 2016.
	The following is a summary of stock option activity for the years ended December 31, 2013 and 2012:
					Weighted
					Average
			Weighted		Remaining
			Average		contractual		Aggregate
		Number of	Exercise		term		Intrinsic
		Shares	Price		(years)		Value
	Options outstanding and exercisable at December	416,000	$	1.53		7.48	$	532,060
	31, 2011
	Options canceled	-2,000	$	1.13
	Options outstanding and exercisable at December	414,000	$	1.53		7.48	$	532,060
	31, 2012
	Options canceled	-4,000	$	1.87
	Options outstanding and exercisable at December	410,000	$	1.52		5.55	$	843,800
	31, 2013
	Options available for grant under 2006 Plan at	415,000
	December 31, 2013
	During 2013 and 2012, there were no stock option grants.  As of December 31, 2013 and 2012, there was no unrecognized compensation expense, as all options had vested by December 31, 2009.

TREASURY_STOCK

TREASURY STOCK	12 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Treasury Stock [Text Block]	'
	Note K - Treasury Stock
	On July 22, 2008, the Board of Directors authorized the Company to repurchase up to 2,000 shares of its common stock.  As of December 31, 2013, the Company repurchased a total of 1,264 shares under the repurchase program for an aggregate cost of $3,287.    During 2013, the Company purchased 19 common shares under the program at a cost of $64 and in 2012 the Company purchased 647 shares at a cost of $1,941.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	Note L – accumulated other comprehensive INCOME/(loss)
	Changes in accumulated other comprehensive income/(loss) for the year ended December 31, 2013, on an after tax basis is as follows (in thousands):
								Available
		Foreign		Interest				for Sale
		Currency		Rate Swap				Marketable
		Translation		Contract				Securities			Total
	Beginning balance	$	-48	$	-68			$	-20		$	-136
	Other comprehensive income before reclassification		132						-			132
	Loss reclassified to operations		-		35	(a)			20	(a)		55
	Net current period other comprehensive income		132		35				20			187
	Ending balance	$	84	$	-33			$	-		$	51
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	56		$	32
	Income taxes				-21			-12
	Net of tax			$	35		$	20

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Note M - Income Taxes
	The components of income/(loss) before income taxes were as follows (in thousands):
		Year Ended December 31,
		2013		2012
	U.S.	$	3,575	$	6,595
	Foreign		206		-174
		$	3,781	$	6,421
	Income tax expense (benefit) consists of the following (in thousands):
		Year Ended December 31,
		2013		2012
	Current
	U.S. Federal	$	1,400	$	2,101
	State and local		288		390
	Foreign		53		-79
			1,741		2,412
	Deferred
	U.S. Federal		-289		-41
	State and local		-67		7
	Foreign		-		79
			-356		45
		$	1,385	$	2,457
	The U.S. statutory rate can be reconciled to the effective tax rate as follows (in thousands):
		Year Ended December 31,
			2013		2012
	Provision for taxes at statutory rate of 34%	$	1,286	$	2,183
	State and local taxes, net of federal tax effect		157		263
	Permanent differences and other current year adjustments		46		35
	Reversal of overaccrual of prior year unrecognized tax benefits		-81		-
	Other		-23		-24
		$	1,385	$	2,457
	Deferred tax assets and liabilities are composed of the following (in thousands):
		December 31,
		2013		2012
	Deferred current tax assets
	Allowance for doubtful accounts	$	215	$	201
	Accrued expenses		73		273
	Inventories		2,829		2,697
	Marketable Securities		-		12
	Stock Options		80		80
	Derivative contracts		20		43
	Net deferred current tax assets		3,217		3,306
	Deferred long-term tax assets
	Derivative liability for embedded conversion option		781		762
	Advance to supplier		-		201
			781		963
	Deferred long-term tax liabilities
	Property and Equipment		-45		-53
	Unamortized debt discount		-521		-738
	Preferrential supplier agreement		-		-367
			-566		-1,158
	Net deferred long-term tax assets /(liabilities)		215		-195
	Net deferred tax assets	$	3,432	$	3,111
	Foreign income and related foreign income taxes primarily relate to Imbali, the Company’s Belgian subsidiary.  For US income tax purposes, the Company has elected to treat Imbali as a disregarded entity and include its taxable income in the Company’s consolidated federal income tax return and separate state income tax returns.  Federal income taxes attributable to Imbali’s taxable income are offset by tax credits for foreign taxes paid by Imbali.  Undistributed earnings of Imbali amounted to approximately $3,171   at December 31, 2013.  Upon distribution of the earnings in the form of dividends, the Company would be required to pay Belgian withholding tax at the rate of 5%.  As the Company intends to indefinitely reinvest such earnings, no provision for such withholding tax has been provided.  For federal income tax purposes, foreign tax credits would be available to the Company for the withholding tax, subject to limitations.
	The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement.
	A reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended December 31, 2013 and 2012 is as follows (in thousands):
		2013		2012
	Balance at January 1	$	329	$	343
	Settlements		-294		-137
	Net increase for tax positions of prior years		214		123
	Balance at December 31	$	249	$	329
	The total amount of unrecognized tax benefits at December 31, 2013 and 2012 would impact the Company’s effective tax rate, if recognized. During 2013, upon settlement of a tax assessment with the State of California covering the years 2007 through 2012, the Company reversed $81 of the liability for unrecognized tax benefits and reduced income tax expense.  The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. In connection with the settlement the Company reversed approximately $148 of accrued interest related to unrecognized tax benefits in the year ended December 31, 2013.  The Company recognized approximatel y $39 of interest expense related to unrecognized tax benefits during the year ended December 31, 2012. Interest related to unrecognized tax benefits accrued in the Company’s balance sheet at December 31, 2013 and 2012 amounted to approximately $107 and $255, respectively.
	The Company’s federal and certain state income tax returns remain open to examination by the tax authorities for the years 2010 and thereafter. Certain other state income tax returns remain open for examination for the years 2008 through 2012.

Employee_Retirement_Benefits

Employee Retirement Benefits	12 Months Ended
	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	Note N - Employee Retirement Benefits
	The Company has implemented a salary reduction employee benefit plan, under Section 401(k) of the Internal Revenue Code.  Employees may contribute up to the maximum amount allowable by law and the Company will provide a matching contribution of 50% of employee contributions, limited to 2% of employee compensation.  The plan covers all employees who have attained age 18, and most of the eligible employees have elected to participate.
	Each employee’s pre-tax contributions are immediately vested upon participation in the plan. The employees’ vesting of the Company’s matching contribution is based upon length of service as follows:
	Years of service	Vested
	1	25	%
	2	50	%
	3	75	%
	4	100	%
	Employees who terminate prior to 100% vesting forfeit their non-vested portion of the Company’s matching contribution, and those funds are used to reduce future matching contributions.  Employees in active service on the effective date of the plan were granted retroactive service credit for the purpose of determining their vested percentage.  Company matching contributions amounted to $82 in 2013 and $77 in 2012.

Per_Share_Data

Per Share Data	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	Note O – Per Share Data
	The following is the reconciliation of the numerators and denominators of the basic and diluted earnings per share:
		Year Ended
		December 31,
		2013		2012
	Numerator:
	Net income	$	2,396	$	3,964
	Add back of interest on convertible subordinated debt, net of taxes		-		742
	Add back of amortization of discount on convertible subordinated debt, net of taxes		-		350
	Adjustment for change in value of convertible note derivative, net of taxes		-		39
	Numerator for diluted earnings per share	$	2,396	$	5,095
	Denominator:
	Weighted average shares outstanding-basic		8,583		8,897
	Dilutive effect of stock options		269		196
	Dilutive effect of convertible subordinated debt		-		2,935
	Weighted average shares outstanding-diluted		8,852		12,028
	Basic Earnings per Share	$	0.28	$	0.45
	Diluted Earnings per Share	$	0.27	$	0.42
	In computing diluted earnings per share for the year ended December 31, 2013, no effect has been given to the 3,007 common shares issuable upon conversion of subordinated debt as the effect is anti-dilutive.

Dividends

Dividends	12 Months Ended
	Dec. 31, 2013
Notes To Financial Statements [Abstract]	'
Dividend Disclosure [Text Block]	'
	Note P – Dividends
	On March 21, 2013, our Board of Directors declared a cash dividend of $0.025 per share to stockholders of record at the close of business on April 11, 2013. On June 18, 2013, our Board of Directors declared a cash dividend of $0.025 per share to stockholders of record at the close of business on July 17, 2013.  On September 12, 2013, our Board of Directors declared a cash dividend of $0.025 per share to stockholders of record at the close of business on October 11, 2013.  On December 10, 2013 our Board of Directors declared a regular cash dividend of $0.025 to stockholders of record at the close of business on December 24, 2013, payable January 7, 2014.
	The Board of Directors will review its dividend policy on a quarterly basis, and make a determination subject to the profitability and free cash flow and the other requirements of the business.

Business_Segment_and_Geographi

Business Segment and Geographic Area Information	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	Note Q – Business Segment and Geographic Area Information
	The Company’s only business segment is the sale and distribution of non-ferrous and ferrous metals. Sales are attributed to countries based on location of customer. Sales to domestic and foreign customers were as follows (in thousands):
		Year Ended December 31,
		2013		2012
	United States	$	311,127	$	365,315
	Latin America		66,126		56,694
	Canada		48,394		50,824
	Australia & New Zealand		38,698		48,172
	Europe		18,338		17,522
		$	482,683	$	538,527

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Note R - Commitments and Contingencies
	[1]    Lease:
	The Company leases office facilities under a lease expiring in 2015.  The minimum non-cancelable scheduled rentals under such lease are as follows (in thousands):
	Year Ending December 31,
	2014		284
	2015		74
		$	358
	Rent expense under the lease for the years ended December 31, 2013 and 2012 was $302 and $301, respectively.
	[2]    Letters of credit:
	Outstanding letters of credit at December 31, 2013, amounted to approximately $71,105 all of which expire prior to April 30, 2014.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

'

Consolidation, Policy [Policy Text Block]

'

[1]    Principles of consolidation:

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries , Empire Resources Pacific Ltd., the Company’s sales agent in Australia, 6900 Quad Avenue LLC, the owner of the warehouse facility in Baltimore, Maryland, and Imbali Metals BVBA, the Company’s operating subsidiary in Europe.  All intercompany balances and transactions have been eliminated on consolidation.

Revenue Recognition, Policy [Policy Text Block]

'

[2]    Revenue recognition:

Revenue on product sales is recognized at the point in time when the product has been shipped or delivered, title and risk of loss has been transferred to the customer, and the following conditions are met: persuasive evidence of an arrangement exists, the price is fixed and determinable, and collectability of the resulting receivable is reasonably assured.

Accounts Receivable And Allowance Policy [Text Block]

'

[3]    Accounts receivable and allowance policy:

Accounts receivable are stated as the outstanding balance due from customers, net of an allowance for doubtful accounts.  The Company maintains a credit insurance policy with a 10% co-pay provision for most accounts receivable.  The Company will provide an allowance for doubtful accounts in the event that it determines there may be probable losses beyond the credit insurance coverage.

Inventory, Policy [Policy Text Block]

'

[4]    Inventories:

Inventories which consist of purchased semi-finished metal products are stated at the lower of cost or market.  Cost is determined by the specific-identification method. Inventory has generally been purchased for specific customer orders.  The carrying amount of inventory which is hedged by futures contracts designated as fair value hedges is adjusted to fair value.

Property, Plant and Equipment, Policy [Policy Text Block]

'

[5]    Property and equipment:

Property and equipment are stated at cost and depreciated by the straight-line method over their estimated useful lives.  Impaired assets are written down to their fair value.

Derivatives, Policy [Policy Text Block]

'

[6]    Derivatives:

The Company recognizes all derivatives in the balance sheet at fair value. Derivatives that are not hedges are adjusted to fair value through earnings. If the derivative is a hedge, depending upon the nature of the hedge, changes in the fair value of the derivative are either offset against the change in fair value of the hedged assets, liabilities or firm commitments through earnings (fair value hedge), or recognized in other comprehensive income until the hedged item is recognized in earnings (cash flow hedge). The ineffective portion of a derivative’s change in fair value, if any, is immediately recognized in earnings. When a hedged item in a fair value hedge is sold, the adjustment in the carrying amount of the hedged item is recognized in earnings (see Note E).

Foreign Currency Transactions and Translations Policy [Policy Text Block]

'

[7]     Foreign currency translation:

The functional currency of Empire Resources Pacific Ltd., a wholly-owned domestic subsidiary which acts as a sales agent in Australia and New Zealand, is the Australian dollar.  The Company also has a wholly owned foreign subsidiary incorporated in Belgium which sells semi-finished aluminum products in Europe.  The functional currency of this subsidiary is the Euro. Cumulative translation adjustments, which are charged or credited to accumulated other comprehensive income, arise from translation of functional currency amounts into U.S. dollars.

Income Tax, Policy [Policy Text Block]

'

[8]    Income taxes:

The Company follows the asset and liability approach for deferred income taxes.  This method provides that deferred tax assets and liabilities are recorded, using currently enacted tax rates, based upon the difference between the tax bases of assets and liabilities and their carrying amounts for financial statement purposes.

Earnings Per Share, Policy [Policy Text Block]

'

[9]    Per share data:

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year.  Diluted earnings per share give effect to all dilutive outstanding stock options, using the treasury stock method and assumed conversion of subordinated debt (see Note O).

Compensation Related Costs, Policy [Policy Text Block]

'

[10]    Stock - based compensation:

Stock-based compensation expense for an award of equity instruments, including stock options, is recognized over the vesting period based on the fair value of the award at the grant date.

New Accounting Pronouncements, Policy [Policy Text Block]

'

[11]    Newly Effective Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board issued authoritative guidance on the reporting of reclassifications out of accumulated other comprehensive income (“AOCI”) and changes in AOCI balances.  The guidance requires an entity to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income if the amount is reclassified to net income in its entirety in the same reporting period.  The guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2012, with early adoption permitted.  The Company adopted this guidance effective January 1, 2013.

Fair Value Measurement, Policy [Policy Text Block]

'

[12]    Fair Value

Authoritative guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  The fair value hierarchy consists of three broad levels, as described below:

⋅

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

⋅

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

⋅

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

Derivative contracts consisting of aluminum contracts, foreign currency contracts, and interest rate swaps are valued using quoted market prices and significant other observable inputs.  These financial instruments are typically exchange-traded and are generally classified within Level 1 or Level 2 of the fair value hierarchy depending on whether the exchange is deemed to be an active market or not. The conversion option embedded in convertible subordinated notes issued in 2011 was valued using Level 3 inputs.

Major categories of assets and liabilities measured at fair value at December 31, 2013 and 2012 are classified as follows (in thousands):

December 31, 2013

December 31, 2012

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Assets:

Inventories

$

106,903

$

124,274

Aluminum futures contracts

1,047

Foreign Currency forward

316

contracts

Liabilities:

Foreign currency forward

27

contracts

Interest rate swap contracts

$

52

$

111

Aluminum futures contracts

842

Embedded conversion option

$

2,048

$

1,996

Use of Estimates, Policy [Policy Text Block]

'

[13]   Use of estimates:

The preparation of financial statements in accordance with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period.   Actual results could differ from these estimates.

Major Customers, Policy [Policy Text Block]

'

[14]   Significant customers and concentration of suppliers:

No customer accounted for sales in excess of 10% during 2013. Two customers accounted for 19% of sales in 2012.

The Company’s purchase of metal products is from a limited number of suppliers located throughout the world. Two suppliers, PT. Alumindo and Hulamin Ltd, accounted for 51% of total purchases for the year ended December 31, 2013 as compared to 57% of total purchases during the year ended December 31, 2012.   The Company’s loss of any of its largest suppliers or a material default by any such supplier in its obligations to the Company would have at least a short-term material adverse effect on the Company’s business.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

'

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

'

Major categories of assets and liabilities measured at fair value at December 31, 2013 and 2012 are classified as follows (in thousands):

December 31, 2013

December 31, 2012

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Assets:

Inventories

$

106,903

$

124,274

Aluminum futures contracts

1,047

Foreign Currency forward

316

contracts

Liabilities:

Foreign currency forward

27

contracts

Interest rate swap contracts

$

52

$

111

Aluminum futures contracts

842

Embedded conversion option

$

2,048

$

1,996

Property_and_Equipment_Tables

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property and equipment are summarized as follows: (in thousands)
		December 31,
		2013		2012		Estimated Useful Life
	Cost:
	Land	$	1,180	$	1,180
	Buildings and improvements		3,165		3,165	10 and 40 years
	Other equipment		1,464		1,369	3 to 5 years
			5,809		5,714
	Less: Accumulated depreciation		1,860		1,727
	Net Book Value	$	3,949	$	3,987

Derivative_Financial_Instrumen1

Derivative Financial Instruments and Risk Management (Tables)	12 Months Ended
	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	'
	The Company’s unrealized assets and liabilities in respect of its fair value hedges measured at fair value at December 31, 2013 and 2012 are as follows (in thousands):
	Derivatives designated			December 31,			December 31,
	as fair value hedges		Balance Sheet Location	2013			2012
	Asset derivatives:
	Aluminum futures contracts		Other current assets	$	1,047			-
	Foreign currency forward contracts		Other current assets		316			-
	Total			$	1,363		$	-
	Liability derivatives:
	Foreign currency forward contracts		Accrued expenses and derivative		-		$	27
			liabilities
	Aluminum futures contracts		Accrued expenses and derivative		-			842
			liabilities
	Total			$	-		$	869
Schedule Of Derivatives Designated As Fair Value Hedges [Table Text Block]	'
	This swap has been designated as a cash flow hedge and the Company’s unrealized liabilities relating to the swap measured at fair value at December 31, 2013 and 2012 are as follows (in thousands):
	Derivatives designated			December 31,			December 31,
	as cash flow hedges		Balance Sheet Location	2013			2012
	Liability derivatives:
	Interest rate swap contracts		Accrued expenses and derivative	$	52		$	111
			liabilities
Schedule Of Derivatives Designated As Cash Flow Hedges [Table Text Block]	'
	The table below summarizes the realized gain or (loss) on the Company’s derivative instruments and their location in the income statement (in thousands):
	Derivatives in hedging			Location of Gain or		Year Ended December 31,
	relationships			(Loss) Recognized		2013			2012
	Foreign currency forward contracts		(a)	Cost of goods sold		$	-13		$	-754
	Interest rate swaps		(b)	Interest expense, net			-56			-67
	Aluminum futures		(c)	Cost of goods sold			6,975			11,447
	Total					$	6,906		$	10,626
		(a)	Fair value hedge: the related hedged item is accounts receivable and accounts payable denominated in foreign currency and offsetting gains in 2013 and 2012, in the same respective amounts are included in cost of goods sold.
		(b)	Cash flow hedge: recognized loss reclassified from accumulated other comprehensive loss in 2013 and 2012.
		(c)	Fair value hedge: the related hedged item is inventory and offsetting losses in the same respective amounts are included in cost of goods sold in 2013 and 2012.  Also included in 2012 is a loss of approximately $264, related to the write off of unsettled contracts and a gain of $497 related to the sale of the claim for the unsettled contracts referred to above.

Accrued_expenses_and_derivativ1

Accrued expenses and derivative liabilities (Tables)	12 Months Ended
	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Abstract]	'
Schedule Of Accrued Expenses And Derivative Liabilities Text Block [Table Text Block]	'
	Accrued expenses and derivative liabilities consist of the following (in thousands):
		December 31,
		2013		2012
	Accrued expenses	$	2,792	$	3,804
	Derivative liabilities		52		979
		$	2,844	$	4,783

Convertible_Subordinated_Debt_

Convertible Subordinated Debt (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
	The following table summarizes the significant inputs resulting from the calculations at issuance and year end:
		December 31, 2013			December 31, 2012			June 3, 2011
	Equity value	$	30,708		$	25,696		$	36,811
	Volatility		45	%		55	%		70	%
	Risk free return		0.38	%		0.54	%		1.6	%
	Dividend Yield		2.79	%		3.34	%		2.51	%
	Strike Price	$	3.99		$	4.09		$	4.65

Stock_Options_Tables

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2013
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	The following is a summary of stock option activity for the years ended December 31, 2013 and 2012:
					Weighted
					Average
			Weighted		Remaining
			Average		contractual		Aggregate
		Number of	Exercise		term		Intrinsic
		Shares	Price		(years)		Value
	Options outstanding and exercisable at December	416,000	$	1.53		7.48	$	532,060
	31, 2011
	Options canceled	-2,000	$	1.13
	Options outstanding and exercisable at December	414,000	$	1.53		7.48	$	532,060
	31, 2012
	Options canceled	-4,000	$	1.87
	Options outstanding and exercisable at December	410,000	$	1.52		5.55	$	843,800
	31, 2013
	Options available for grant under 2006 Plan at	415,000
	December 31, 2013

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	Changes in accumulated other comprehensive income/(loss) for the year ended December 31, 2013, on an after tax basis is as follows (in thousands):
								Available
		Foreign		Interest				for Sale
		Currency		Rate Swap				Marketable
		Translation		Contract				Securities			Total
	Beginning balance	$	-48	$	-68			$	-20		$	-136
	Other comprehensive income before reclassification		132						-			132
	Loss reclassified to operations		-		35	(a)			20	(a)		55
	Net current period other comprehensive income		132		35				20			187
	Ending balance	$	84	$	-33			$	-		$	51
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net			$	56		$	32
	Income taxes				-21			-12
	Net of tax			$	35		$	20
Schedule Of Reclassified Line Items In Statement Of Income [Table Text Block]	'
	(a) Reclassified to following line items in the statement of income:
	Interest expense, net	$	56	$	32
	Income taxes		-21		-12
	Net of tax	$	35	$	20

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	'
	The components of income/(loss) before income taxes were as follows (in thousands):
		Year Ended December 31,
		2013		2012
	U.S.	$	3,575	$	6,595
	Foreign		206		-174
		$	3,781	$	6,421
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
	Income tax expense (benefit) consists of the following (in thousands):
		Year Ended December 31,
		2013		2012
	Current
	U.S. Federal	$	1,400	$	2,101
	State and local		288		390
	Foreign		53		-79
			1,741		2,412
	Deferred
	U.S. Federal		-289		-41
	State and local		-67		7
	Foreign		-		79
			-356		45
		$	1,385	$	2,457
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	The U.S. statutory rate can be reconciled to the effective tax rate as follows (in thousands):
		Year Ended December 31,
			2013		2012
	Provision for taxes at statutory rate of 34%	$	1,286	$	2,183
	State and local taxes, net of federal tax effect		157		263
	Permanent differences and other current year adjustments		46		35
	Reversal of overaccrual of prior year unrecognized tax benefits		-81		-
	Other		-23		-24
		$	1,385	$	2,457
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
	Deferred tax assets and liabilities are composed of the following (in thousands):
		December 31,
		2013		2012
	Deferred current tax assets
	Allowance for doubtful accounts	$	215	$	201
	Accrued expenses		73		273
	Inventories		2,829		2,697
	Marketable Securities		-		12
	Stock Options		80		80
	Derivative contracts		20		43
	Net deferred current tax assets		3,217		3,306
	Deferred long-term tax assets
	Derivative liability for embedded conversion option		781		762
	Advance to supplier		-		201
			781		963
	Deferred long-term tax liabilities
	Property and Equipment		-45		-53
	Unamortized debt discount		-521		-738
	Preferrential supplier agreement		-		-367
			-566		-1,158
	Net deferred long-term tax assets /(liabilities)		215		-195
	Net deferred tax assets	$	3,432	$	3,111
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	'
	A reconciliation of the beginning and ending amounts of unrecognized tax benefits for the years ended December 31, 2013 and 2012 is as follows (in thousands):
		2013		2012
	Balance at January 1	$	329	$	343
	Settlements		-294		-137
	Net increase for tax positions of prior years		214		123
	Balance at December 31	$	249	$	329

Employee_Retirement_Benefits_T

Employee Retirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'
Schedule Of Defined Contribution Plan Matching Contribution Vested Based On Length Of Service [Table Text Block]	'
	The employees’ vesting of the Company’s matching contribution is based upon length of service as follows:
	Years of service	Vested
	1	25	%
	2	50	%
	3	75	%
	4	100	%

Per_Share_Data_Tables

Per Share Data (Tables)	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The following is the reconciliation of the numerators and denominators of the basic and diluted earnings per share:
		Year Ended
		December 31,
		2013		2012
	Numerator:
	Net income	$	2,396	$	3,964
	Add back of interest on convertible subordinated debt, net of taxes		-		742
	Add back of amortization of discount on convertible subordinated debt, net of taxes		-		350
	Adjustment for change in value of convertible note derivative, net of taxes		-		39
	Numerator for diluted earnings per share	$	2,396	$	5,095
	Denominator:
	Weighted average shares outstanding-basic		8,583		8,897
	Dilutive effect of stock options		269		196
	Dilutive effect of convertible subordinated debt		-		2,935
	Weighted average shares outstanding-diluted		8,852		12,028
	Basic Earnings per Share	$	0.28	$	0.45
	Diluted Earnings per Share	$	0.27	$	0.42

Business_Segment_and_Geographi1

Business Segment and Geographic Area Information (Tables)	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	Sales to domestic and foreign customers were as follows (in thousands):
		Year Ended December 31,
		2013		2012
	United States	$	311,127	$	365,315
	Latin America		66,126		56,694
	Canada		48,394		50,824
	Australia & New Zealand		38,698		48,172
	Europe		18,338		17,522
		$	482,683	$	538,527

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	The minimum non-cancelable scheduled rentals under such lease are as follows (in thousands):
	Year Ending December 31,
	2014		284
	2015		74
		$	358

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Inputs, Level 1 [Member] | Inventories [Member]	'	'
Assets, Fair Value Disclosure	$106,903	$124,274
Fair Value, Inputs, Level 1 [Member] | Foreign Currency Forward Contracts [Member]	'	'
Liabilities, Fair Value Disclosure	'	27
Fair Value, Inputs, Level 1 [Member] | Aluminum Futures Contracts [Member]	'	'
Assets, Fair Value Disclosure	1,047	'
Liabilities, Fair Value Disclosure	'	842
Fair Value, Inputs, Level 1 [Member] | Foreign Currency Forward Contracts [Member]	'	'
Assets, Fair Value Disclosure	316	'
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]	'	'
Liabilities, Fair Value Disclosure	52	111
Fair Value, Inputs, Level 3 [Member] | Embedded Conversion Option [Member]	'	'
Liabilities, Fair Value Disclosure	$2,048	$1,996

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Line Items]	'	'
Percentage Of Provision For Accounts Receivable	10.00%	'
Cost Of Goods, Total [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Concentration Risk, Percentage	51.00%	57.00%
Sales Revenue, Goods, Net [Member]	'	'
Summary Of Significant Accounting Policies [Line Items]	'	'
Concentration Risk, Percentage	10.00%	19.00%

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Details Textual) (Fair Value, Inputs, Level 2 [Member], USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value of Financial Instruments [Line Items]	'	'
Debt Instrument, Fair Value Disclosure	$12	$12

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

In Thousands, unless otherwise specified

Land [Member]

Land [Member]

Buildings and improvements [Member]

Buildings and improvements [Member]

Buildings and improvements [Member]

Buildings and improvements [Member]

Other equipment [Member]

Other equipment [Member]

Other equipment [Member]

Other equipment [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Property, Plant and Equipment [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Property, Plant and Equipment, Gross, Total

$5,809

$5,714

$1,180

$1,180

$3,165

$3,165

'

'

$1,464

$1,369

'

'

Less: Accumulated depreciation

1,860

1,727

'

'

'

'

'

'

'

'

'

'

Property, Plant and Equipment, Net

$3,949

$3,987

'

'

'

'

'

'

'

'

'

'

Property, Plant and Equipment, Useful Life

'

'

'

'

'

'

'40 years

'10 years

'

'

'5 years

'3 years

Property_and_Equipment_Details1

Property and Equipment (Details Textual) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]	'	'
Depreciation	$130	$126

Derivative_Financial_Instrumen2

Derivative Financial Instruments and Risk Management (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Assets	$1,363	$0
Fair Value Hedge Liabilities	0	869
Other Current Assets [Member] | Foreign Exchange Forward [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Assets	316	0
Other Current Assets [Member] | Aluminum Futures Contracts [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Assets	1,047	0
Accrued Expenses and Derivative Liabilities [Member] | Foreign Exchange Forward [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Liabilities	0	27
Accrued Expenses and Derivative Liabilities [Member] | Aluminum Futures Contracts [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Fair Value Hedge Liabilities	$0	$842

Derivative_Financial_Instrumen3

Derivative Financial Instruments and Risk Management (Details 1) (Accrued expenses and derivative liabilities [Member], USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accrued expenses and derivative liabilities [Member]	'	'
Derivative Financial Instruments and Risk Management [Line Items]	'	'
Interest rate swap contracts	$52	$111

Derivative_Financial_Instrumen4

Derivative Financial Instruments and Risk Management (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Derivative Financial Instruments and Risk Management [Line Items]	'		'
Derivative, Gain (Loss) on Derivative, Net, Total	$6,906		$10,626
Foreign currency forward contracts [Member] | Cost of goods sold [Member]	'		'
Derivative Financial Instruments and Risk Management [Line Items]	'		'
Derivative, Gain (Loss) on Derivative, Net, Total	-13	[1]	-754	[1]
Interest rate swaps [Member] | Interest expense, net [Member]	'		'
Derivative Financial Instruments and Risk Management [Line Items]	'		'
Derivative, Gain (Loss) on Derivative, Net, Total	-56	[2]	-67	[2]
Aluminum futures [Member] | Cost of goods sold [Member]	'		'
Derivative Financial Instruments and Risk Management [Line Items]	'		'
Derivative, Gain (Loss) on Derivative, Net, Total	$6,975	[3]	$11,447	[3]
[1]	Fair value hedge: the related hedged item is accounts receivable and accounts payable denominated in foreign currency and offsetting gains in 2013 and 2012, in the same respective amounts are included in cost of goods sold.
[2]	Cash flow hedge: recognized loss reclassified from accumulated other comprehensive loss in 2013 and 2012.
[3]	Fair value hedge: the related hedged item is inventory and offsetting losses in the same respective amounts are included in cost of goods sold in 2013 and 2012. Also included in 2012 is a loss of approximately $264, related to the write off of unsettled contracts and a gain of $497 related to the sale of the claim for the unsettled contracts referred to above.

Derivative_Financial_Instrumen5

Derivative Financial Instruments and Risk Management (Details Textual) (USD $)	Dec. 31, 2012	Nov. 20, 2012	Dec. 31, 2011	Oct. 31, 2011
In Thousands, unless otherwise specified
Derivative Financial Instruments and Risk Management [Line Items]	'	'	'	'
Gain Contingency, Unrecorded Amount	'	'	'	$800
Un settled Contract	264	'	536	'
Claims Transferred To Third Party	'	$497	'	'

Accrued_expenses_and_derivativ2

Accrued expenses and derivative liabilities (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accrued Expenses and Derivative Liabilities [Line Items]	'	'
Accrued expenses	$2,792	$3,804
Derivative liabilities	52	979
Accrued Expenses Derivative Liabilities	$2,844	$4,783

Mortgage_Payable_Details_Textu

Mortgage Payable (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2004
Mortgage Loans on Real Estate [Line Items]	'
Mortgage Loans, Periodic Payment Including Interest	$21,600
Loans Receivable, Description of Variable Rate Basis	'LIBOR + 1.75%
Mortgage Loans, Interest Rate	6.37%

Notes_Payable_Details_Textual

Notes Payable (Details Textual)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2011	Apr. 28, 2011
	USD ($)	EUR (€)	USD ($)	EUR (€)	USD ($)	USD ($)
Notes Payable [Line Items]	'	'	'	'	'	'
Line of Credit Facility, Current Borrowing Capacity	$4,422	€ 3,217	$5,845	€ 4,430	'	'
Line of Credit Facility, Amount Outstanding	103,500	'	118,250	'	'	200,000
Revolving Line Of Credit Facility	'	'	'	'	'	175,000
Additional Line Of Credit Facility	'	'	'	'	'	50,000
Minimum Tangible Net Worth Covenants	'	'	'	'	25,000	'
Percentage Of Positive Net Earnings	'	'	'	'	25.00%	'
Line of Credit Facility, Interest Rate at Period End	'6.00 to 1	'6.00 to 1	'	'	'	'
Line of Credit Facility, Interest Rate During Period	2.66%	2.66%	2.75%	2.75%	'	'
Line Of Credit Facility, Amount Utilized	71,105	'	33,534	'	'	'
Line of Credit Facility, Commitment Fee Amount	$10,996	€ 8,000	'	'	'	'
Line Of Credit Facility, Interest Rate, Variable Rate Basis	'EURIBOR plus 1.75%	'EURIBOR plus 1.75%	'	'	'	'

Convertible_Subordinated_Debt_1

Convertible Subordinated Debt (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Jun. 03, 2011
Convertible Subordinated Debt [Line Items]	'	'	'
Equity value	$30,708	$25,696	$36,811
Volatility	45.00%	55.00%	70.00%
Risk free return	0.38%	0.54%	1.60%
Dividend Yield	2.79%	3.34%	2.51%
Strike Price	$3.99	$4.09	$4.65

Convertible_Subordinated_Debt_2

Convertible Subordinated Debt (Details Textual) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Convertible Subordinated Debt [Line Items]	'	'	'
Debt Instrument, Convertible, Conversion Price	$3.99	4.09	'
Convertible Subordinated Debt	$4,000	'	'
Unrealized Gain (Loss) on Derivatives	52	63	'
Accounts Payable, Interest-bearing	962	'	'
Related Party Loan Monthly Installment Upon Disagreement	556	'	'
Related Party Loan Effective Interest Rate Upon Disagreement	3.50%	'	'
Related Party Loan Interest Rate Basis Upon Disagreement	3.69%	'	'
Amortization Of Intangible Assets	321	0	'
Noncontrolling Interest, Ownership Percentage by Parent	70.00%	'	'
Interest Expense, Debt	-293	-436	'
Pt Alumindo [Member]	'	'	'
Convertible Subordinated Debt [Line Items]	'	'	'
Due from Affiliates	10,000	'	'
Convertible Senior Subordinated Notes [Member]	'	'	'
Convertible Subordinated Debt [Line Items]	'	'	'
Debt Instrument, Interest Rate During Period	'	'	10.00%
Debt Instrument, Convertible, Conversion Price	$7	'	'
Derivative Liability, Fair Value, Amount Not Offset Against Collateral, Total	2,829	'	'
Debt Conversion Number Of Common Stock Per 1000 Principal Amount	250,620	244,610	'
Amortization Of Intangible Assets	12,000	'	'
Debt Instrument, Maturity Date	1-Jun-16	'	'
Supply Agreement With Pt. Alumindo [Member]	'	'	'
Convertible Subordinated Debt [Line Items]	'	'	'
Payments to Fund Long-term Loans to Related Parties	1,000	1,000	'
Related Party Loan Monthly Installment	278	'	'
Related Party Loan Monthly Installment Upon Disagreement	$566	'	'

Stock_Options_Details

Stock Options (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock Option [Line Items]	'	'	'
Options outstanding and exercisable Number of Shares	410,000	414,000	416,000
Options canceled Number Of Shares	-4,000	-2,000	'
Options available for grant under 2006 Plan at December 31, 2013	415,000	'	'
Options outstanding and exercisable Weighted Average Exercise Price	$1.52	$1.53	$1.53
Options canceled Weighted Average Exercise Price	$1.87	$1.13	'
Options outstanding and exercisable Weighted Average Exercise Price Remaining Contratual term	'	'7 years 5 months 23 days	'7 years 5 months 23 days
Options canceled Weighted Average Remaining contractual term	'5 years 6 months 18 days	'	'
Options outstanding and exercisable Aggregate Intrinisic Value	'	$532,060	$532,060
Options canceled Aggregate Intrinsic Value	$843,800	'	'

Stock_Options_Details_Textual

Stock Options (Details Textual) (Two Thousand and Six Stock Option Plan [Member])	Dec. 31, 2013
In Thousands, unless otherwise specified
Two Thousand and Six Stock Option Plan [Member]	'
Stock Option [Line Items]	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	559,000

TREASURY_STOCK_Details_Textual

TREASURY STOCK (Details Textual) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Jul. 22, 2008
Equity, Class of Treasury Stock [Line Items]	'	'	'
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	'	'	2,000
Treasury stock acquired	$64	$1,941	'
Repurchase One [Member]	'	'	'
Equity, Class of Treasury Stock [Line Items]	'	'	'
Treasury stock acquired	3,287	'	'
Treasury Stock Shares Acquired Cost Method	1,264	'	'
Repurchase Two [Member]	'	'	'
Equity, Class of Treasury Stock [Line Items]	'	'	'
Treasury stock acquired	19	'	'
Treasury Stock Shares Acquired Cost Method	64	'	'
Repurchase Three [Member]	'	'	'
Equity, Class of Treasury Stock [Line Items]	'	'	'
Treasury stock acquired	'	$647	'
Treasury Stock Shares Acquired Cost Method	'	1,941	'

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Beginning balance, Foreign currency translation	($48)		'
Other comprehensive income before reclassification, Foreign Currency Translation	132		'
Loss reclassified to operations, Foreign Currency Translation	0		'
Net current period comprehensive income, Foreign Currency Translation	132		49
Ending Balance, Foreign Currency Translation	84		-48
Beginning Balance, Interest Rate Swap Contract	-68		'
Other comprehensive income before reclassification, Interest Rate Swap Contract	35	[1]	'
Net current period comprehensive income, Interest Rate Swap Contract	35		'
Ending Balance, Interest Rate SwapContract	-33		-68
Beginning Balance, Available for Sale Marketable Securities	-20		'
Other comprehensive income before reclassification, Available forSale Marketable Securities	0		'
Loss reclassified to operations, Available forSale Marketable Securities	20	[1]	'
Net current period comprehensive income, Available forSale Marketable Securities	20		'
Ending Balance, Available for Sale Marketable Securities	0		-20
Beginning Balance	-136		'
Other comprehensive income before reclassification	132		'
Loss reclassified to operations	221		96
Net current period comprehensive income	187		78
Ending Balance	$51		($136)
[1]	Reclassified to following line items in the statement of income: Interest expense, net $56 $32 Income taxes (21) (12) Net of tax $35 $20

ACCUMULATED_OTHER_COMPREHENSIV3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Interest Rate Swap [Member]	'
(a) Reclassified to following line items in the statement of income:	'
Interest expense, net	$56
Income taxes	-21
Net of tax	35
Available-for-sale Securities [Member]	'
(a) Reclassified to following line items in the statement of income:	'
Interest expense, net	32
Income taxes	-12
Net of tax	$20

ACCUMULATED_OTHER_COMPREHENSIV4

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details Textual) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Available-for-sale Securities, Current, Total	'	$6
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Income Tax	19	43
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Income Tax	$12	$12

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'
U.S.	$3,575	$6,595
Foreign	206	-174
Income before income taxes	$3,781	$6,421

INCOME_TAXES_Details_1

INCOME TAXES (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current	'	'
U.S. Federal	$1,400	$2,101
State and local	288	390
Foreign	53	-79
Current Income Tax Expense (Benefit)	1,741	2,412
Deferred	'	'
U.S. Federal	-289	-41
State and local	-67	7
Foreign	0	79
Deferred income taxes	-356	45
Income Tax Expense (Benefit)	$1,385	$2,457

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'
Provision for taxes at statutory rate of 34%	$1,286	$2,183
State and local taxes, net of federal tax effect	157	263
Permanent differences and other current year adjustments	46	35
Reversal of overaccrual of prior year unrecognized tax benefits	-81	0
Other	-23	-24
Income Tax Expense (Benefit)	$1,385	$2,457

INCOME_TAXES_Details_3

INCOME TAXES (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Deferred current tax assets	'	'
Allowance for doubtful accounts	$215	$201
Accrued expenses	73	273
Inventories	2,829	2,697
Marketable Securities	0	12
Stock Options	80	80
Derivative contracts	20	43
Deferred current tax liabilities	'	'
Net deferred current tax assets	3,217	3,306
Deferred long-term tax assets	'	'
Derivative liability for embedded conversion option	781	762
Advance to supplier	0	201
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	781	963
Deferred long-term tax liabilities	'	'
Property and Equipment	-45	-53
Unamortized debt discount	-521	-738
Preferential supplier agreement	0	-367
Deferred Tax Liabilities, Net, Noncurrent	-566	-1,158
Net deferred long-term tax assets /(liabilities)	215	-195
Net deferred tax assets	$3,432	$3,111

INCOME_TAXES_Details_4

INCOME TAXES (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'
Balance, Opening	$329	$343
Settlements	-294	-137
Net increase for tax positions of prior years	214	123
Balance, Ending	$249	$329

INCOME_TAXES_Details_textual

INCOME TAXES (Details textual) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'
Undistributed Earnings of Foreign Subsidiaries	$3,171	'
Percentage Of Withholding Tax	5.00%	'
Unrecognized Tax Benefits, Interest on Income Taxes Expense	'	39
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	107	255
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%	'
Unrecognized Tax Benefits, Value of Accrued Interest reversed	148	'
Unrecognized Tax Benefits, Value of Liability reversed	$81	'

Employee_Retirement_Benefits_D

Employee Retirement Benefits (Details)	12 Months Ended
	Dec. 31, 2013
Year One [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	25.00%
Year Two [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	50.00%
Year Three [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	75.00%
Year Four [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	100.00%

Employee_Retirement_Benefits_D1

Employee Retirement Benefits (Details Textual) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]	'	'
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%	'
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	2.00%	'
Condition For Forfeiture Of Non Vested Portion Of Matching Contribution	'Employees who terminate prior to 100% vesting forfeit their non-vested portion of the Companys matching contribution	'
Defined Contribution Plan, Employer Discretionary Contribution Amount	$82	$77

Per_Share_Data_Details

Per Share Data (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Numerator:	'	'
Net income	$2,396	$3,964
Add back of interest on convertible subordinated debt, net of taxes	0	742
Add back of amortization of discount on convertible subordinated debt, net of taxes	0	350
Adjustment for change in value of convertible note derivative, net of taxes	0	39
Numerator for diluted earnings per share	$2,396	$5,095
Denominator:	'	'
Weighted average shares outstanding-basic (in shares)	8,583	8,897
Dilutive effect of stock options (in shares)	269	196
Dilutive effect of convertible subordinated debt (in shares)	0	2,935
Weighted average shares outstanding-diluted (in shares)	8,852	12,028
Basic Earnings per Share (in dollars per share)	$0.28	$0.45
Diluted Earnings per Share (in dollars per share)	$0.27	$0.42

Per_Share_Data_Details_Textual

Per Share Data (Details Textual)	12 Months Ended
	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,007

Dividends_Details_Textual

Dividends (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 24, 2013	Oct. 11, 2013	Jul. 17, 2013
Dividends Payable [Line Items]	'	'	'	'
Common Stock, Dividends, Per Share, Cash Paid	$0.03	'	'	'
Special Dividend Declared Per Share	'	$0.03	$0.03	$0.03

Business_Segment_and_Geographi2

Business Segment and Geographic Area Information (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Business Segment And Geographic Area Information [Line Items]	'	'
Other Revenue, Net	$482,683	$538,527
United States [Member]	'	'
Business Segment And Geographic Area Information [Line Items]	'	'
Other Revenue, Net	311,127	365,315
Latin America [Member]	'	'
Business Segment And Geographic Area Information [Line Items]	'	'
Other Revenue, Net	66,126	56,694
Canada [Member]	'	'
Business Segment And Geographic Area Information [Line Items]	'	'
Other Revenue, Net	48,394	50,824
Australia and New Zealand [Member]	'	'
Business Segment And Geographic Area Information [Line Items]	'	'
Other Revenue, Net	38,698	48,172
Europe [Member]	'	'
Business Segment And Geographic Area Information [Line Items]	'	'
Other Revenue, Net	$18,338	$17,522

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Commitments and Contingencies [Line Items]	'
2014	$284
2015	74
Operating Leases, Future Minimum Payments Due	$358

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Commitments and Contingencies [Line Items]	'	'
Letters of Credit Outstanding, Amount	$71,105	'
Operating Leases, Rent Expense	$302	$301