Distribution Solutions (DSGR) 10-Q 24 Oct 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 15, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	LAWSON PRODUCTS INC/NEW/DE/
Entity Central Index Key	703604
Document Type	10-Q
Document Period End Date	30-Sep-13
Amendment Flag	FALSE
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		8,650,919

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$418	$1,640
Restricted Cash and Cash Equivalents, Current	800
Restricted Cash and Cash Equivalents		0
Accounts receivable, less allowance for doubtful accounts	32,265	29,451
Inventories, net	44,509	44,681
Miscellaneous receivables and prepaid expenses	4,418	5,308
Deferred income taxes	17	17
Discontinued operations	9,938	9,232
Total current assets	92,365	90,329
Property, plant and equipment, net	62,157	66,981
Cash value of life insurance	8,609	14,943
Deferred income taxes	55	55
Other assets	497	449
Assets of Disposal Group, Including Discontinued Operation, Noncurrent	395	174
Total assets	164,078	172,931
Current liabilities:
Revolving line of credit	18,315	16,127
Accounts payable	14,181	11,421
Accrued expenses and other liabilities	23,990	31,330
Discontinued operations	485	950
Total current liabilities	56,971	59,828
Noncurrent liabilities and deferred credits:
Security bonus plan	16,435	18,837
Deferred compensation	5,481	5,741
Financing lease obligation	10,416	10,786
Deferred Rent Credit, Noncurrent	4,367	4,621
Other liabilities	1,398	2,258
Liabilities of Disposal Group, Including Discontinued Operation	0	127
Liabilities	95,068	102,198
Stockholders' equity:
Authorized - 500,000 shares, Issued and outstanding — None	0	0
Authorized - 35,000,000 shares; Issued - 8,660,279 and 8,614,837 shares, respectively; Outstanding - 8,650,919 and 8,605,901 shares, respectively	8,660	8,615
Capital in excess of par value	7,655	6,951
Retained earnings	50,539	52,764
Treasury stock – 9,360 and 8,936 shares, respectively	-159	-155
Accumulated other comprehensive income	2,315	2,558
Stockholders’ equity	69,010	70,733
Total liabilities and stockholders’ equity	$164,078	$172,931

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$1	$1
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	8,660,279	8,614,837
Common stock, shares outstanding	8,650,919	8,605,901
Treasury Stock, Shares	9,360	8,936

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]
Net sales	$68,235	$67,863	$203,765	$209,057
Cost of goods sold	27,015	25,368	82,097	90,539
Gross profit	41,220	42,495	121,668	118,518
Operating expenses:
Selling, general and administrative expenses	39,424	42,836	123,601	131,455
Severance expenses	962	1,410	964	8,180
Gain (Loss) on Disposition of Property	-36	-11	-36	-2,133
Goodwill, Impairment Loss	0	0	0	28,306
Operating expenses	40,350	44,235	124,529	165,808
Operating income (loss)	870	-1,740	-2,861	-47,290
Interest expense	-365	-229	-799	-453
Other income (expense), net	-19	23	-150	-73
Income (loss) from continuing operations before income taxes	486	-1,946	-3,810	-47,816
Income tax (benefit) expense	303	-389	-398	17,453
Income (loss) from continuing operations	183	-1,557	-3,412	-65,269
Discontinued operations, net of income taxes	418	239	1,187	996
Net income (loss)	601	-1,318	-2,225	-64,273
Diluted income (loss) per share of common stock:
Continuing operations	$0.02	($0.18)	($0.40)	($7.61)
Discontinued operations	$0.05	$0.03	$0.14	$0.12
Net income (loss) per share	$0.07	($0.15)	($0.26)	($7.49)
Weighted Average Number of Shares Outstanding, Basic	8,651	8,587	8,629	8,581
Weighted Average Number Diluted Shares Outstanding Adjustment	43	0	0	0
Diluted weighted average shares outstanding	8,694	8,587	8,629	8,581
Cash dividends declared per share of common stock	$0	$0	$0	$0.24
Adjustment for foreign currency translation	232	342	-243	531
Net Comprehensive loss	$833	($976)	($2,468)	($63,742)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Operating activities:
Net income (loss)	($2,225)	($64,273)
Loss from discontinued operations	-1,187	-996
Income (loss) from continuing operations	-3,412	-65,269
Adjustments to reconcile net income (loss) from continuing operations to net cash (used in) provided by operating activities:
Depreciation and amortization	6,672	5,244
Stock based compensation	1,705	-740
Gain (Loss) on Disposition of Property	-36	-2,133
Increase (Decrease) in Restricted Cash for Operating Activities	-800	0
Deferred Income Tax Expense (Benefit)	0	17,538
Goodwill, Impairment Loss	0	28,306
Changes in operating assets and liabilities:
Accounts receivable	-2,923	5,385
Inventories	-5	1,422
Prepaid expenses and other assets	6,994	1,742
Accounts payable and other liabilities	-9,522	-4,155
Other	53	1,404
Net cash used in operating activities of continuing operations	-1,274	-11,256
Investing activities:
Additions to property, plant and equipment	-1,863	-16,347
Proceeds from Sale of Property, Plant, and Equipment	38	8,807
Net proceeds (outlay) related to sale of businesses	0	750
Net cash used in investing activities of continuing operations	-1,825	-6,790
Financing activities:
Net proceeds from line of credit	2,188	19,639
Dividends paid	0	-3,086
Proceeds from (Payments for) Other Financing Activities	0	-435
Net cash provided by (used in) financing activities of continuing operations	2,188	16,118
Cash Provided by (Used in) Operating Activities, Discontinued Operations	-67	731
Cash Provided by (Used in) Investing Activities, Discontinued Operations	-244	-145
Discontinued operations:
Net cash used in operating activities of discontinued operations	-311	586
Decrease in cash and cash equivalents	-1,222	-1,342
Cash and cash equivalents at beginning of year	1,640	2,116
Cash and cash equivalents at end of year	$418	$774

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies
	The accompanying unaudited condensed consolidated financial statements of Lawson Products, Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not contain all disclosures required by generally accepted accounting principles. Reference should be made to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. In the opinion of the Company, all normal recurring adjustments have been made that are necessary to present fairly the results of operations for the interim periods. Operating results for the three and nine month periods ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.
	Following the discontinuance of the Company's Original Equipment Manufacturers ("OEM") segment (See Note 2 - Discontinued Operations), the Company operates in one reportable segment; the Maintenance, Repair and Operations ("MRO") segment as a distributor of products and services to the industrial, commercial, institutional, and governmental maintenance, repair and operations marketplace. The condensed consolidated financial statements have been reclassified for all prior periods presented to reflect current discontinued operations treatment. Such reclassifications have no effect on net income as previously reported.
	The effect of restricted share awards and future stock option exercises equivalent to approximately 11,000 shares for the three months ended September 30, 2012 and approximately 52,000 and 34,000 shares for the nine months ended September 30, 2013 and 2012, respectively, would have been anti-dilutive and therefore were excluded from the computation of diluted earnings per share.
	There have been no material changes in the Company's significant accounting policies during the nine months ended September 30, 2013 as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2012. The Company has determined that, except for entering into an Asset Purchase Agreement to sell Automatic Screw Machine Products Company, Inc. (“ASMP”) (See Note 2 - Discontinued Operations), there were no other subsequent events to recognize or disclose in these condensed consolidated financial statements.

Discontunued_Operations_Notes

Discontunued Operations (Notes)	9 Months Ended
	Sep. 30, 2013
Discontinued Operations [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note 2 — Discontinued Operations
	On October 11, 2013, the Company entered into an Asset Purchase Agreement to sell substantially all of the assets of ASMP, a wholly owned subsidiary, to Nelson Stud Welding, Inc. (“Buyer”), an indirect subsidiary of Doncasters Group Limited, for a cash purchase price of $12.5 million, subject to adjustments based on the closing date net working capital, plus the assumption of certain liabilities. In addition, the transaction contemplates that the Buyer will lease the real property located in Decatur, Alabama currently used by ASMP. The transaction is expected to close in the fourth quarter of 2013, subject to customary closing conditions, including Committee on Foreign Investment in the United States ("CFIUS") clearance. The Company has reclassified ASMP's operating results as discontinued operations for all periods presented.
	The following table details the components of income from discontinued operations:
		(Dollars in thousands)
		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013			2012
	Net sales of ASMP	$	4,653		$	4,121		$	14,202		$	13,237
	Pre-tax income (loss) from discontinued operations
	ASMP	$	734		$	391		$	2,124		$	1,671
	Other discontinued operations	—			(3		)	(33		)	(33		)
	Total pre-tax income	734			388			2,091			1,638
	Income tax expense	(316		)	(149		)	(904		)	(642		)
	Income from discontinued operations	$	418		$	239		$	1,187		$	996
	Basic and diluted income per share
	ASMP	$	0.05		$	0.03		$	0.14		$	0.12
	Other discontinued operations	—			—			—			—
	Total	$	0.05		$	0.03		$	0.14		$	0.12

Restricted_Cash_Notes

Restricted Cash (Notes)	9 Months Ended
	Sep. 30, 2013
Restricted Cash [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	Note 3 — Restricted Cash
	The Company has agreed to maintain $0.8 million in a money market account as collateral for an outside party that is providing certain commercial card processing services for the Company. The Company is restricted from withdrawing this balance without the prior consent of the outside party during the term of the agreement.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]
Inventories	Inventories, net
	Inventories, consisting primarily of purchased goods which are offered for resale, were as follows:
		(Dollars in thousands)
		30-Sep-13			31-Dec-12
	Inventories, gross	49,773			52,337
	Reserve for obsolete and excess inventory	(5,264		)	(7,656		)
	Inventories, net	$	44,509		$	44,681

Loan_Agreement

Loan Agreement	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]
Revolving Line of Credit	In 2012, the Company entered into a $40.0 million Loan and Security Agreement (“Loan Agreement”) which expires in August 2017. The Loan Agreement consists of a $40.0 million revolving credit facility, which includes a $10.0 million sub-facility for letters of credit. Until the later of June 30, 2014 or when the Company achieves certain financial covenants, credit available under the Loan Agreement is based upon:
	a)	80% of the face amount of the Company’s eligible accounts receivable, generally less than 60 days past due, and
	b)	the lesser of 50% of the lower of cost or market value of the Company’s eligible inventory, which is generally inventory expected to be sold within 18 months, or $20.0 million.
	The applicable interest rates on borrowings under the Loan Agreement were either the Prime rate or the LIBOR rate plus 2.75% for the first year and LIBOR plus 2.50% for the second year of the agreement which began on August 8, 2013. Following the second year, the interest rate will be based on the Company’s debt to EBITDA ratio and range from LIBOR plus 1.25% to 1.85% or, if the Company elects, Prime minus 1.00% to 0.40%.
	The Loan Agreement is secured by a first priority perfected security interest in substantially all the assets of the Company. Dividends are restricted under the Loan Agreement to amounts not to exceed $1.1 million per quarter subject to a formula based on EBITDA achieved in the previous quarter compared to amounts specified in the Loan Agreement.
	In addition to other customary representations, warranties and covenants, the Loan Agreement requires the Company to comply with certain financial covenants. A minimum Consolidated EBITDA level, as defined in the Loan Agreement, must be achieved on a quarterly basis. On September 25, 2013, the Company entered into a First Amendment to Loan and Security Agreement ("First Amendment") which established the future minimum EBITDA levels which must be achieved as detailed in the following table:
	Quarter Ended		Minimum EBITDA (as Defined in the Loan Agreement)
	September 30, 2013		$	2,000,000
	December 31, 2013		3,000,000
	March 31, 2014		3,500,000
	June 30, 2014		3,500,000
	For the period ended September 30, 2013, EBITDA, as defined in the Loan Agreement, was $4.0 million which was in compliance with the minimum EBITDA covenant in effect on that date. The Company anticipates that the minimum required EBITDA for future quarters will be reduced to reflect the anticipated closing on the sale of ASMP.
	Upon meeting certain financial covenants, but not prior to June 30, 2014, the availability under the Loan Agreement will be based upon the following covenants with a maximum borrowing level of $40.0 million:
	a)	Minimum Debt Service Coverage Ratio of not less than 1.20:1.00, measured quarterly beginning June 30, 2014, and building cumulatively to a rolling four quarters.
	b)	Minimum Tangible Net Worth of not less than 90% of the value of shareholders’ equity less intangible assets established as of June 30, 2014, tested quarterly.
	c)	Minimum cash, accounts receivable and inventory to debt ratio of not less than 2.0 to 1.0.
	At September 30, 2013, the Company had an outstanding balance of $18.3 million under the revolving line of credit of the Loan Agreement and additional borrowing availability of $17.5 million. The Company paid interest of $0.8 million and $0.5 million for the nine months ended September 30, 2013 and 2012, respectively. The weighted average interest rate was 3.0% through the nine months ended September 30, 2013 and the outstanding balance approximates fair value.

Reserve_for_Severance

Reserve for Severance	9 Months Ended
	Sep. 30, 2013
Severance Reserve [Abstract]
Reserve for Severance	Severance Reserve
	Changes in the Company’s reserve for severance as of September 30, 2013 and 2012 were as follows:
		(Dollars in thousands)
		Nine Months Ended September 30,
		2013			2012
	Balance at beginning of period	$	4,417		$	1,282
	Charged to earnings	964			8,180
	Payments	(2,440		)	(3,938		)
	Balance at end of period	$	2,941		$	5,524
	Accrued severance charges are included in the following line items of the Condensed Consolidated Balance Sheets:
		(Dollars in thousands)
		September 30,			December 31,
		2013			2012
	Accrued expenses and other liabilities	$	2,762		$	3,467
	Other liabilities	179			950
	Total accrued severance	$	2,941		$	4,417

Stock_Based_Compensation_Notes

Stock Based Compensation (Notes)	9 Months Ended
	Sep. 30, 2013
Stock Based Compensation [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Stock Based Compensation
	The Company recorded expense related to stock based compensation of approximately $1.7 million during the nine months ended September 30, 2013 and recorded a benefit of $0.7 million during the nine months ended September 30, 2012. A summary of stock based awards issued during the nine months ended September 30, 2013 follows:
	Stock Performance Rights ("SPRs")
	The Company issued 148,301 SPRs to key employees with an average exercise price of $12.20 per share. The SPRs issued in 2013 cliff vest on December 31, 2015 and have a termination date of December 31, 2020.
	Market Stock Units ("MSUs")
	The Company issued 64,199 MSUs to key employees with a vesting date of December 31, 2015. MSU's are exchangeable for the Company's common shares at the end of the vesting period. The number of shares of common stock that will be issued upon vesting, ranging from zero to 94,074, will be determined based upon the trailing thirty-day average closing price of the Company's common stock on December 31, 2015.

Income_Tax

Income Tax	9 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	Primarily due to the cumulative losses that the Company recorded over the past three years, the Company determined that it was more likely than not that it will not be able to utilize its deferred tax assets to offset future taxable income. Therefore, substantially all deferred tax assets are subject to a tax valuation allowance until the Company can establish that the recoverability of its deferred tax assets is more likely than not to be realized. Although the Company is in a full tax valuation allowance position, a tax benefit of $0.4 million was recorded in continuing operations for the nine months ended September 30, 2013, primarily due to the allocation of tax expenses between continuing and discontinued operations.
	The Company and its subsidiaries are subject to U.S. Federal income tax, as well as income tax of multiple state and foreign jurisdictions. As of September 30, 2013, the Company is subject to U.S. Federal income tax examinations for the years 2010 through 2012 and income tax examinations from various other jurisdictions for the years 2006 through 2012. The Company is also currently under examination by the Canada Revenue Authority ("CRA") for the years 2006 through 2010. The CRA issued a preliminary audit proposal on May 2, 2013, proposing increases to taxable income of $3.4 million Canadian dollars for the tax years 2008 and 2009. No adjustments were proposed for 2006, 2007 or 2010. The Company plans to aggressively contest these assessments and believes that it is more likely than not that the Company will eventually prevail in this matter.
	Earnings from the Company’s foreign subsidiaries are considered to be indefinitely reinvested. A distribution of these non-U.S. earnings in the form of dividends or otherwise would subject the Company to both U.S. Federal and state income taxes, as adjusted for foreign tax credits.

Contingent_Liability_Notes

Contingent Liability (Notes)	9 Months Ended
	Sep. 30, 2013
Contingent Liability [Abstract]
Legal Matters and Contingencies [Text Block]	Contingent Liabilities
	Employment tax matter
	One of the Company's subsidiaries, Drummond American LLC (“Drummond”), is under an employment tax examination for the years 2007 and 2008 of the long-standing treatment of its sales representatives as independent contractors. In January 2012 the Company received a Notice of Proposed Adjustment in the amount of $9.5 million, including penalties, from the IRS challenging Drummond's position that the sales representatives were independent contractors. The Company disagreed with the IRS position and filed an administrative appeal with the IRS Appeals Office.
	Although the Company intends to vigorously defend its position for the treatment of its sales representatives as independent contractors, the Company established a liability of $1.2 million during 2011 as its best estimate of the cost to resolve the matter with the IRS. The Company has maintained this liability throughout 2012 and 2013. The notice of Proposed Adjustment was determined by applying the full statutory rates and penalties, rather than applying the reduced tax rates provided by section 3509 of the Internal Revenue Code. The Company believes the use of reduced tax rates is mandatory for all IRS worker classification assessments, except when the employer intentionally disregarded its employment tax obligations. Because the Company believes it fully complied with its employment tax obligations, the Company based its estimated liability at the reduced tax rates. The Company applied these reduced tax rates against only one year because any settlement resolution would likely be limited to one year as this is consistent with the IRS’s settlement practices. The Company has assessed its potential exposure for other subsidiaries and time periods and has concluded that an additional liability is not probable. No adjustment has been proposed by the IRS for any other time periods or subsidiaries of the Company.
	The case has been assigned to the Chicago Appeals Office. The Company is unable to establish an estimated time frame in which the case will be resolved through the appeals process. An unfavorable outcome of this matter could have a material adverse effect on the Company’s business, financial condition and results of operations.
	Environmental matters
	In 2012, the Company identified that a site owned by its ASMP subsidiary in Alabama contained hazardous substances in the soil and groundwater as a result of historical operations prior to the Company's ownership. This site is not part of the sale under the Asset Purchase Agreement described in Note 2 - Discontinued Operations. The Company has retained an environmental consulting firm to further investigate the contamination, including the measurement and monitoring of the site. At this time insufficient data regarding the situation have been collected to reasonably estimate the cost, if any, of remediating this situation. Accordingly, the Company has not established a reserve for any remediation costs.

Gain_on_sale_of_assets_Notes

Gain on sale of assets (Notes)	9 Months Ended
	Sep. 30, 2013
Gain on sale of assets [Abstract]
Property Plant And Equipment Significant Disposals [Text Block]	Gain on sale of assets
	During the nine months ended September 30, 2012, in conjunction with the construction of the new distribution center in McCook, Illinois and the relocation of the Company’s headquarters to Chicago, Illinois, the Company sold three properties; its Addison, Illinois distribution center, its Vernon Hills, Illinois distribution center and a Des Plaines, Illinois administrative building. The Company received cash proceeds of $8.8 million for the sale of the three facilities, resulting in a gain of $2.1 million.

Goodwill_Notes

Goodwill (Notes)	9 Months Ended
	Sep. 30, 2013
Goodwill Impairment [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill Impairment
	During the second quarter of 2012, the Company evaluated goodwill for potential impairment by determining if certain qualitative events had occurred or if circumstances had changed that would more likely than not reduce the fair value of a reporting unit below its carrying value. As a result of this evaluation, the Company identified indicators of impairment related to operating losses and reduced market capitalization and, therefore, performed an interim impairment test of goodwill.
	The Company estimated the fair value of the MRO reporting unit using a discounted cash flow analysis based on its current internal operating forecast to determine the reporting unit’s fair value. After completing the analysis, the Company concluded that the entire amount of the goodwill was impaired and a non-cash charge of $28.3 million was recorded in the second quarter of 2012.
	Goodwill activity for the three and nine months ended September 30, 2013 and 2012 was as follows:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
	Beginning balance	$	—	$	—	$	—	$	28,148
	Impairment loss	—		—		—		(28,306		)
	Translation adjustment	—		—		—		158
	Ending balance	$	—	$	—	$	—	$	—

NonCash_Items_NonCash_Items

Non-Cash Items Non-Cash Items	9 Months Ended
	Sep. 30, 2013
Non-Cash Items [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	Non-Cash Items
	During the nine months ended September 30, 2012, the Company recorded an $8.0 million increase in property, plant and equipment, along with a corresponding increase in liabilities, related to the financing lease obligation associated with the McCook, Illinois distribution center. These non-cash increases have been excluded from the Condensed Consolidated Statements of Cash Flows.

Discontunued_Operations_Tables

Discontunued Operations (Tables)	9 Months Ended
	Sep. 30, 2013
Discontinued Operations Table [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The following table details the components of income from discontinued operations:
		(Dollars in thousands)
		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013			2012
	Net sales of ASMP	$	4,653		$	4,121		$	14,202		$	13,237
	Pre-tax income (loss) from discontinued operations
	ASMP	$	734		$	391		$	2,124		$	1,671
	Other discontinued operations	—			(3		)	(33		)	(33		)
	Total pre-tax income	734			388			2,091			1,638
	Income tax expense	(316		)	(149		)	(904		)	(642		)
	Income from discontinued operations	$	418		$	239		$	1,187		$	996
	Basic and diluted income per share
	ASMP	$	0.05		$	0.03		$	0.14		$	0.12
	Other discontinued operations	—			—			—			—
	Total	$	0.05		$	0.03		$	0.14		$	0.12

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]
Components of inventories	Inventories, consisting primarily of purchased goods which are offered for resale, were as follows:
		(Dollars in thousands)
		30-Sep-13			31-Dec-12
	Inventories, gross	49,773			52,337
	Reserve for obsolete and excess inventory	(5,264		)	(7,656		)
	Inventories, net	$	44,509		$	44,681

Loan_Agreement_Tables

Loan Agreement (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]
Schedule of minimum EBITDA level achievable on quarterly basis	A minimum Consolidated EBITDA level, as defined in the Loan Agreement, must be achieved on a quarterly basis. On September 25, 2013, the Company entered into a First Amendment to Loan and Security Agreement ("First Amendment") which established the future minimum EBITDA levels which must be achieved as detailed in the following table:
	Quarter Ended	Minimum EBITDA (as Defined in the Loan Agreement)
	September 30, 2013	$	2,000,000
	December 31, 2013	3,000,000
	March 31, 2014	3,500,000
	June 30, 2014	3,500,000

Reserve_for_Severance_Tables

Reserve for Severance (Tables)	9 Months Ended
	Sep. 30, 2013
Severance Reserve [Abstract]
Changes in the Company's reserve for severance and related payments	Changes in the Company’s reserve for severance as of September 30, 2013 and 2012 were as follows:
		(Dollars in thousands)
		Nine Months Ended September 30,
		2013			2012
	Balance at beginning of period	$	4,417		$	1,282
	Charged to earnings	964			8,180
	Payments	(2,440		)	(3,938		)
	Balance at end of period	$	2,941		$	5,524
Accrued severance charges included in the line items of the Condensed Consolidated Balance Sheets	Accrued severance charges are included in the following line items of the Condensed Consolidated Balance Sheets:
		(Dollars in thousands)
		September 30,			December 31,
		2013			2012
	Accrued expenses and other liabilities	$	2,762		$	3,467
	Other liabilities	179			950
	Total accrued severance	$	2,941		$	4,417

Goodwill_Tables

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2013
Goodwill Impairment [Abstract]
Schedule of Goodwill [Table Text Block]	Goodwill activity for the three and nine months ended September 30, 2013 and 2012 was as follows:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
	Beginning balance	$	—	$	—	$	—	$	28,148
	Impairment loss	—		—		—		(28,306		)
	Translation adjustment	—		—		—		158
	Ending balance	$	—	$	—	$	—	$	—

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Accounting Policies [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11,000	52,000	34,000

Discontunued_Operations_Detail

Discontunued Operations (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 11, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Tax Effect of Discontinued Operation		($316)	($149)	($904)	($642)
Discontinued Operation, Amount of Other Income (Loss) from Disposition of Discontinued Operation, Net of Tax		418	239	1,187	996
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share		$0.05	$0.03	$0.14	$0.12
Disposal Group, Including Discontinued Operation, Revenue		4,653	4,121	14,202	13,237
Proceeds from Sale of Property, Plant, and Equipment	12,500			38	8,807
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax		734	388	2,091	1,638
ASMP
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share		$0.05	$0.03	$0.14	$0.12
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax		734	391	2,124	1,671
Other discontinued operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share		$0	$0	$0	$0
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax		$0	($3)	($33)	($33)

Restricted_Cash_Details

Restricted Cash (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Restricted Cash [Abstract]
Restricted Cash and Cash Equivalents, Current	$800

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Components of inventories
Inventory, Gross	$49,773	$52,337
Inventory Valuation Reserves	5,264	7,656
Inventories, net	$44,509	$44,681

Loan_Agreement_EBITDA_Details

Loan Agreement EBITDA (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
September 30, 2013 [Member]
Schedule of minimum EBITDA level achievable on quarterly basis
Minimum EBITDA	$2,000,000
December 31, 2013 [Member]
Schedule of minimum EBITDA level achievable on quarterly basis
Minimum EBITDA	3,000,000
March 31, 2014 [Member]
Schedule of minimum EBITDA level achievable on quarterly basis
Minimum EBITDA	3,500,000
June 30, 2014 [Member]
Schedule of minimum EBITDA level achievable on quarterly basis
Minimum EBITDA	$3,500,000

Loan_Agreement_Details

Loan Agreement (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Loan Agreement [Line Items]
Document Period End Date		30-Sep-13
Credit Facility (Textual) [Abstract]
Credit facility, borrowing capacity	$40,000,000	$40,000,000
Eligible accounts receivables percentage	80.00%
Eligible accounts receivables past due days	60 days
Eligible inventory percentage	50.00%
Eligible inventory expected to be sold period	18 months
Maximum borrowing amount based on inventory	20,000,000
EBITDA as defined in Credit Facility	4,000,000
Number of rolling quarter to be used in calculating Debt Service Coverage Ratio commencing 2014	4
Minimum Tangible Net Worth	90.00%
Secured Debt, Current	18,315,000	18,315,000		16,127,000
Credit Facility, remaining borrowing capacity	17,500,000	17,500,000
Interest Paid		800,000	500,000
Weighted average interest rate	3.00%	3.00%
Maximum
Credit Facility (Textual) [Abstract]
Spread on LIBOR	1.85%	1.85%
Spread on prime rate	0.40%
Restricted Dividends	1,100,000
Minimum Debt Service Coverage Ratio	1.2
Minimum cash, accounts receivable and inventory to debt ratio	2
Minimum
Credit Facility (Textual) [Abstract]
Spread on LIBOR	1.25%	1.25%
Spread on prime rate	1.00%
Minimum Debt Service Coverage Ratio	1
Minimum cash, accounts receivable and inventory to debt ratio	1
Letter of Credit [Member]
Credit Facility (Textual) [Abstract]
Credit facility, borrowing capacity	10,000,000	10,000,000
First Year [Member]
Credit Facility (Textual) [Abstract]
Spread on LIBOR	2.75%	2.75%
Second Year [Member]
Credit Facility (Textual) [Abstract]
Spread on LIBOR	2.50%	2.50%
June 30, 2014 [Member] | Maximum
Credit Facility (Textual) [Abstract]
Prior line of credit maximum borrowing capacity	$40,000,000	$40,000,000

Reserve_for_Severance_Activity

Reserve for Severance Activity in reserve (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified			Employee Severance [Member]	Employee Severance [Member]
Reserve for severance and related payments
Balance at beginning of period	$2,941	$4,417	$4,417	$1,282
Charged to earnings			964	8,180
Cash paid			-2,440	-3,938
Balance at end of the period	$2,941	$4,417	$2,941	$5,524

Reserve_for_Severance_Reserve_

Reserve for Severance Reserve balance (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accrued severance included in:
Accrued expenses and other liabilities	$2,762	$3,467
Noncurrent other	179	950
Total accrued severance	$2,941	$4,417

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2015	Dec. 31, 2015
			MSU [Member]	Minimum [Member]	Maximum [Member]
Loan Agreement [Line Items]
Share-based Compensation	$1,705	($740)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	148,301		64,199
Share Based Compensation Non Option Equity Instruments Granted Weighted Average Exercise Price	$12.20
Equity Share Payout Range				0	94,074

Income_Tax_Income_tax_Details

Income Tax Income tax (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
	2-May-13	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Tax [Abstract]
Income Tax Expense (Benefit)		$303,000	($389,000)	($398,000)	$17,453,000
Income (Loss) from Continuing Operations before Income Taxes, Foreign	$3,400,000

Contingent_Liability_Contingen

Contingent Liability Contingent Liability(Details) (USD $)	1 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2012	Sep. 30, 2013
Loss Contingencies [Line Items]
Tax Penalties	$9.50
Liability related to tax positions		$1.20

Gain_on_sale_of_assets_Details

Gain on sale of assets (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 11, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
					Property
Gain on sale of assets [Abstract]
Gain (Loss) on Disposition of Property		($36)	($11)	($36)	($2,133)
Proceeds from Sale of Property, Plant, and Equipment	$12,500			$38	$8,807
Properties Sold					3

Goodwill_Details

Goodwill (Details) (USD $)	3 Months Ended		9 Months Ended		15 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011
Goodwill Impairment [Abstract]
Goodwill	$0	$0	$0	$0	$0	$0	$0	$28,148
Goodwill, Impairment Loss	0	0	0	-28,306	-28,306
Goodwill, Translation Adjustments	$0	$0	$0	$158

NonCash_Items_NonCash_Items_De

Non-Cash Items Non-Cash Items (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2012
Non-Cash Items [Abstract]
Noncash or Part Noncash Acquisition, Fixed Assets Acquired	$8