Distribution Solutions (DSGR) 10-Q 24 Apr 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 15, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'LAWSON PRODUCTS INC/NEW/DE/	'
Entity Central Index Key	'0000703604	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	8,658,885

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$988	$698
Restricted Cash	800	800
Accounts receivable, less allowance for doubtful accounts	32,904	30,221
Inventories, net	43,351	45,774
Miscellaneous receivables and prepaid expenses	4,829	4,393
Deferred income taxes	5	5
Property held for sale	8,439	0
Discontinued operations	0	8,960
Total current assets	91,316	90,851
Property, plant and equipment, net	45,588	58,974
Cash value of life insurance	9,300	9,179
Deferred income taxes	54	54
Other assets	465	481
Discontinued Operation	0	406
Total assets	146,723	159,945
Current liabilities:	'	'
Revolving line of credit	11,635	16,078
Accounts payable	10,040	14,787
Accrued expenses and other liabilities	22,579	23,521
Discontinued operations	1,150	564
Total current liabilities	45,404	54,950
Noncurrent liabilities and deferred credits:	'	'
Security bonus plan	15,865	16,143
Financing lease obligation	10,028	10,223
Deferred compensation	5,530	5,867
Deferred Rent Liability	4,858	4,961
Other liabilities	2,166	1,889
Total liabilities	83,851	94,033
Stockholders' equity:	'	'
Authorized - 500,000 shares, Issued and outstanding — None	0	0
Authorized - 35,000,000 shares; Issued - 8,670,512 shares; Outstanding - 8,658,885 shares	8,671	8,671
Capital in excess of par value	7,959	7,799
Retained earnings	44,689	47,644
Treasury stock – 11,627 shares	-187	-187
Accumulated other comprehensive income	1,740	1,985
Stockholders’ equity	62,872	65,912
Total liabilities and stockholders’ equity	$146,723	$159,945

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
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	8,670,512	8,670,512
Common stock, shares outstanding	8,658,885	8,658,885
Treasury Stock, Shares	11,627	11,627

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'
Net sales	$69,204	$67,213
Cost of goods sold	27,926	27,399
Gross profit	41,278	39,814
Selling Expense	21,280	21,607
General and Administrative Expense	21,797	21,737
Selling, General and Administrative Expense	43,077	43,344
Impairment loss	2,914	0
Operating expenses:	'	'
Operating expenses	45,991	43,344
Operating income (loss)	-4,713	-3,530
Interest expense	-244	-213
Other income (expense), net	-148	-61
Income (loss) from continuing operations before income taxes	-5,105	-3,804
Income tax (benefit) expense	-783	-200
Income (loss) from continuing operations	-4,322	-3,604
Income and gain from discontinued operations, net of income taxes	1,367	381
Net income (loss)	-2,955	-3,223
Diluted income (loss) per share of common stock:	'	'
Continuing operations	($0.50)	($0.42)
Discontinued operations	$0.16	$0.05
Net income (loss) per share	($0.34)	($0.37)
Weighted Average Number of Shares Outstanding, Basic and Diluted	8,659	8,606
Adjustment for foreign currency translation	-245	-172
Net Comprehensive loss	($3,200)	($3,395)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating activities:	'	'
Net income (loss)	($2,955)	($3,223)
Loss from discontinued operations	-1,367	-381
Income (loss) from continuing operations	-4,322	-3,604
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:	'	'
Depreciation and amortization	2,295	2,061
Stock based compensation	1,125	1,596
Impairment loss	2,914	0
Changes in operating assets and liabilities:	'	'
Accounts receivable	-3,030	-3,714
Inventories	2,255	-2,935
Prepaid expenses and other assets	-1,484	1,234
Accounts payable and other liabilities	-7,110	3,086
Other	250	28
Net cash used in operating activities of continuing operations	-7,107	-2,248
Investing activities:	'	'
Additions to property, plant and equipment	-335	-1,225
Net proceeds (outlay) related to sale of businesses	12,125	0
Net cash used in investing activities of continuing operations	11,790	-1,225
Financing activities:	'	'
Net proceeds from line of credit	-4,443	3,715
Net cash provided by (used in) financing activities of continuing operations	-4,443	3,715
Discontinued operations:	'	'
Cash Provided by (Used in) Operating Activities, Discontinued Operations	50	-371
Cash Provided by (Used in) Investing Activities, Discontinued Operations	0	-176
Net cash used in operating activities of discontinued operations	50	-547
Decrease in cash and cash equivalents	290	-305
Cash and cash equivalents at beginning of year	698	1,640
Cash and cash equivalents at end of year	$988	$1,335

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
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, 2013. 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 month period ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.
	Following the sale of substantially all of the assets of Automatic Screw Machine Products Company, Inc. (“ASMP”) (See Note 9 - 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 the three months ended March 31, 2013 to reflect current discontinued operations treatment. Such reclassifications had no effect on net income as previously reported.
	The effect of restricted stock awards, market stock units and future stock option exercises equivalent to approximately 117,000 and 42,000 shares for the three months ended March 31, 2014 and 2013, 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 three months ended March 31, 2014 as compared to the significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2013. The Company has determined that there were no subsequent events to recognize or disclose in these condensed consolidated financial statements.

Restricted_Cash_Notes

Restricted Cash (Notes)	3 Months Ended
	Mar. 31, 2014
Restricted Cash [Abstract]	'
Cash and Cash Equivalents Disclosure [Text Block]	'
	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	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories, net
	Inventories, consisting primarily of purchased goods which are offered for resale, were as follows:
		(Dollars in thousands)
		31-Mar-14			31-Dec-13
	Inventories, gross	48,844			51,102
	Reserve for obsolete and excess inventory	(5,493		)	(5,328		)
	Inventories, net	$	43,351		$	45,774

Impairment_loss_and_property_h

Impairment loss and property held for sale (Notes)	3 Months Ended
	Mar. 31, 2014
Impairment loss and property held for sale [Abstract]	'
Asset Impairment Charges [Text Block]	'
	Impairment loss and property held for sale
	In the first quarter of 2014 the Company committed to a plan to sell its Reno distribution center. As part of the review of the potential impact of a sale, the Company determined that the full carrying amount of the asset was not recoverable. Therefore, the Company recorded a $2.9 million non-cash impairment charge to reduce the carrying value of the property to its $8.4 million estimated realizable value. The Reno distribution center has been reclassified to "Property held for sale" in the March 31, 2014 Condensed Consolidated Balance Sheet and no depreciation will be recorded after being classified as held for sale.

Loan_Agreement

Loan Agreement	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Loan Agreement	'
	In 2012, the Company entered into a Loan and Security Agreement (“Loan Agreement”) which expires in August 2017. Due to the lock box arrangement and a subjective acceleration clause contained in the borrowing agreement, the revolving line of credit is classified as a current liability. The Loan Agreement consists of a $40.0 million revolving line of credit facility, which includes a $10.0 million sub-facility for letters of credit. In December 2013, the Company entered into a Second Amendment to Loan and Security Agreement ("Second Amendment") which revised certain terms of the original Loan Agreement.
	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, generally inventory expected to be sold within 18 months, or $20.0 million.
	The applicable interest rates for borrowings are at the Prime rate or, if the Company elects, the LIBOR rate plus 1.50% to 1.85% based on the Company’s debt to EBITDA ratio. The Loan Agreement is secured by a first priority perfected security interest in substantially all existing assets of the Company. Dividends are restricted to amounts not to exceed $7.0 million annually.
	At March 31, 2014, the Company had an outstanding balance of $11.6 million under its revolving line of credit facility and additional borrowing availability of $22.9 million. The Company paid interest of $0.3 million and $0.2 million for the three months ended March 31, 2014 and 2013, respectively. The weighted average interest rate was 2.98% for the three months ended March 31, 2014 and the outstanding balance approximates fair value.
	In addition to other customary representations, warranties and covenants, we are required to meet a minimum trailing twelve month EBITDA to fixed charges ratio, as defined in the Loan Agreement, and a minimum quarterly tangible net worth level as defined in the Second Amendment. On March 31, 2014, we were in compliance with all financial covenants as detailed below:
	Quarterly Financial Covenants		Requirement	Actual
	EBITDA to fixed charges ratio		1.10 : 1.00	2.41 : 1.00
	Minimum tangible net worth		$45.0 million	$54.5 million

Reserve_for_Severance

Reserve for Severance	3 Months Ended
	Mar. 31, 2014
Severance Reserve [Abstract]	'
Reserve for Severance	'
	Severance Reserve
	Changes in the Company’s reserve for severance as of March 31, 2014 and 2013 were as follows:
		(Dollars in thousands)
		Three Months Ended March 31,
		2014			2013
	Balance at beginning of period	$	1,769		$	4,417
	Charged to earnings	728			—
	Payments	(754		)	(986		)
	Balance at end of period	$	1,743		$	3,431
	Accrued severance charges are included in the following line items of the Condensed Consolidated Balance Sheets:
		(Dollars in thousands)
		March 31,			December 31,
		2014			2013
	Accrued expenses and other liabilities	$	1,304		$	1,651
	Other liabilities	439			118
	Total accrued severance	$	1,743		$	1,769

Stock_Based_Compensation_Notes

Stock Based Compensation (Notes)	3 Months Ended
	Mar. 31, 2014
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 $1.1 million and $1.6 million during the three months ended March 31, 2014 and 2013, respectively. A summary of stock based awards issued during the three months ended March 31, 2014 follows:
	Stock Performance Rights ("SPRs")
	The Company issued 114,753 SPRs to key employees with an average exercise price of $12.89 per share. The SPRs issued in 2014 cliff vest on December 31, 2016 and have a termination date of December 31, 2021.
	Market Stock Units ("MSUs")
	The Company issued 51,292 MSUs to key employees with a vesting date of December 31, 2016. 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 76,941, will be determined based upon the trailing thirty-day average closing price of the Company's common stock on December 31, 2016.

Income_Tax

Income Tax	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	Primarily due to the cumulative losses that the Company has incurred 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 $0.8 million was recorded in continuing operations for the three months ended March 31, 2014, 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 March 31, 2014, 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 examination was completed during May 2013 and resulted in proposed adjustments which amount to $3.4 million of additional tax for the 2008 and 2009 tax years. The Company is not in agreement with these adjustments and filed a request with Competent Authority programs in both the U.S. and Canada in October, 2013. The Competent Authority program assists taxpayers with respect to matters covered in the mutual agreement procedure provisions of tax treaties. Management has not recorded a reserve and is confident that the Company will prevail in this matter. The Company is unable to establish an estimated time frame in which this issue will be resolved through Competent Authority.
	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)	3 Months Ended
	Mar. 31, 2014
Contingent Liability [Abstract]	'
Legal Matters and Contingencies [Text Block]	'
	Contingent Liabilities
	In 2012, the Company identified that a site it owns in Decatur, Alabama contains hazardous substances in the soil and groundwater as a result of historical operations prior to the Company's ownership. The Company has retained an environmental consulting firm to further investigate the contamination including the measurement and monitoring of the site. In August 2013, the site was enrolled in the state of Alabama's voluntary cleanup program. At this time insufficient data regarding the situation has been collected to reasonably estimate the extent of the contamination or the cost, if any, of remedying this situation. Accordingly, the Company has not established a reserve for any remediation costs.

Discontunued_Operations_Notes

Discontunued Operations (Notes)	3 Months Ended
	Mar. 31, 2014
Discontinued Operations [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
	Discontinued Operations
	On February 14, 2014, the Company completed the sale of 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 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 Buyer agreed to lease the real property located in Decatur, Alabama currently used by ASMP. The Company has classified ASMP's operating results as discontinued operations for the period ended March 31, 2014 and 2013.
	The following table details the components of income from discontinued operations:
		(Dollars in thousands, except per share data)
		Three Months Ended March 31,
		2014			2013
	Net sales of ASMP	$	2,462		$	4,782
	Pre-tax income (loss) from discontinued operations
	ASMP	$	346		$	667
	Other discontinued operations	—			(29		)
	Total pre-tax income	346			638
	Income tax expense	(133		)	(257		)
	Income from discontinued operations	$	213		$	381
	Sale of discontinued operations
	Pre-tax gain on sale of ASMP	$	1,877		$	—
	Income tax expense	(723		)	—
	Net gain on sale of ASMP	$	1,154		$	—
	Income from discontinued operations, net of taxes	$	1,367		$	381
	Basic and diluted income per share
	ASMP	$	0.16		$	0.05
	Other discontinued operations	—			—
	Total	$	0.16		$	0.05

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Components of inventories	'
	Inventories, consisting primarily of purchased goods which are offered for resale, were as follows:
		(Dollars in thousands)
		31-Mar-14			31-Dec-13
	Inventories, gross	48,844			51,102
	Reserve for obsolete and excess inventory	(5,493		)	(5,328		)
	Inventories, net	$	43,351		$	45,774

Loan_Agreement_Tables

Loan Agreement (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Quarterly Financial Covenants [Table Text Block]	'
	In addition to other customary representations, warranties and covenants, we are required to meet a minimum trailing twelve month EBITDA to fixed charges ratio, as defined in the Loan Agreement, and a minimum quarterly tangible net worth level as defined in the Second Amendment. On March 31, 2014, we were in compliance with all financial covenants as detailed below:
	Quarterly Financial Covenants	Requirement	Actual
	EBITDA to fixed charges ratio	1.10 : 1.00	2.41 : 1.00
	Minimum tangible net worth	$45.0 million	$54.5 million

Reserve_for_Severance_Tables

Reserve for Severance (Tables)	3 Months Ended
	Mar. 31, 2014
Severance Reserve [Abstract]	'
Changes in the Company's reserve for severance and related payments	'
	Changes in the Company’s reserve for severance as of March 31, 2014 and 2013 were as follows:
		(Dollars in thousands)
		Three Months Ended March 31,
		2014			2013
	Balance at beginning of period	$	1,769		$	4,417
	Charged to earnings	728			—
	Payments	(754		)	(986		)
	Balance at end of period	$	1,743		$	3,431
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)
		March 31,			December 31,
		2014			2013
	Accrued expenses and other liabilities	$	1,304		$	1,651
	Other liabilities	439			118
	Total accrued severance	$	1,743		$	1,769

Discontunued_Operations_Tables

Discontunued Operations (Tables)	3 Months Ended
	Mar. 31, 2014
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, except per share data)
		Three Months Ended March 31,
		2014			2013
	Net sales of ASMP	$	2,462		$	4,782
	Pre-tax income (loss) from discontinued operations
	ASMP	$	346		$	667
	Other discontinued operations	—			(29		)
	Total pre-tax income	346			638
	Income tax expense	(133		)	(257		)
	Income from discontinued operations	$	213		$	381
	Sale of discontinued operations
	Pre-tax gain on sale of ASMP	$	1,877		$	—
	Income tax expense	(723		)	—
	Net gain on sale of ASMP	$	1,154		$	—
	Income from discontinued operations, net of taxes	$	1,367		$	381
	Basic and diluted income per share
	ASMP	$	0.16		$	0.05
	Other discontinued operations	—			—
	Total	$	0.16		$	0.05

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Accounting Policies [Abstract]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	117,000	42,000

Restricted_Cash_Details

Restricted Cash (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Restricted Cash [Abstract]	'	'
Restricted Cash	$800	$800

Inventories_Details

Inventories (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Components of inventories	'	'
Inventory, Gross	$48,844	$51,102
Inventory Valuation Reserves	5,493	5,328
Inventories, net	$43,351	$45,774

Impairment_loss_and_property_h1

Impairment loss and property held for sale (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Impairment loss and property held for sale [Abstract]	'	'	'
Impairment loss	$2,914	$0	'
Property held for sale	$8,439	'	$0

Loan_Agreement_Covenant_Detail

Loan Agreement Covenant (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Actual Value [Member]	'
Loan Agreement [Line Items]	'
MinTangibleNetWorth	$54,477
Required Minimum Value [Member]	'
Loan Agreement [Line Items]	'
MinTangibleNetWorth	$45,000
Maximum [Member] | Actual Value [Member]	'
Loan Agreement [Line Items]	'
Minimum Debt Service Coverage Ratio	2.41
Maximum [Member] | Required Minimum Value [Member]	'
Loan Agreement [Line Items]	'
Minimum Debt Service Coverage Ratio	1.1
Minimum [Member] | Actual Value [Member]	'
Loan Agreement [Line Items]	'
Minimum Debt Service Coverage Ratio	1
Minimum [Member] | Required Minimum Value [Member]	'
Loan Agreement [Line Items]	'
Minimum Debt Service Coverage Ratio	1

Loan_Agreement_Details

Loan Agreement (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Loan Agreement [Line Items]	'	'	'
Document Period End Date	31-Mar-14	'	'
Credit Facility (Textual) [Abstract]	'	'	'
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	'	'
Secured Debt, Current	11,635,000	'	16,078,000
Credit Facility, remaining borrowing capacity	22,900,000	'	'
Interest Paid	300,000	200,000	'
Weighted average interest rate	2.98%	'	'
Maximum	'	'	'
Credit Facility (Textual) [Abstract]	'	'	'
Spread on LIBOR	1.85%	'	'
Restricted Dividends	7	'	'
Minimum	'	'	'
Credit Facility (Textual) [Abstract]	'	'	'
Spread on LIBOR	1.50%	'	'
Revolving Credit Facility [Member]	'	'	'
Credit Facility (Textual) [Abstract]	'	'	'
Credit facility, borrowing capacity	40,000,000	'	'
Letter of Credit [Member]	'	'	'
Credit Facility (Textual) [Abstract]	'	'	'
Credit facility, borrowing capacity	$10,000,000	'	'

Reserve_for_Severance_Activity

Reserve for Severance Activity in reserve (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
In Thousands, unless otherwise specified			Employee Severance [Member]	Employee Severance [Member]
Reserve for severance and related payments	'	'	'	'
Balance at beginning of period	$1,743	$1,769	$1,769	$4,417
Charged to earnings	'	'	728	0
Cash paid	'	'	-754	-986
Balance at end of the period	$1,743	$1,769	$1,743	$3,431

Reserve_for_Severance_Reserve_

Reserve for Severance Reserve balance (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accrued severance included in:	'	'
Accrued expenses and other liabilities	$1,304	$1,651
Noncurrent other	439	118
Total accrued severance	$1,743	$1,769

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Loan Agreement [Line Items]	'	'
Share-based Compensation	$1,125	$1,596
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	114,753	'
Share Based Compensation Non Option Equity Instruments Granted Weighted Average Exercise Price	$12.89	'
MSU [Member]	'	'
Loan Agreement [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	51,292	'
Minimum [Member]	'	'
Loan Agreement [Line Items]	'	'
Equity Share Payout Range	0	'
Maximum [Member]	'	'
Loan Agreement [Line Items]	'	'
Equity Share Payout Range	76,941	'

Income_Tax_Income_tax_Details

Income Tax Income tax (Details) (USD $)	0 Months Ended	3 Months Ended
	2-May-13	Mar. 31, 2014	Mar. 31, 2013
Income Tax [Abstract]	'	'	'
Income Tax Expense (Benefit)	'	($783,000)	($200,000)
Income (Loss) from Continuing Operations before Income Taxes, Foreign	$3,400,000	'	'

Discontunued_Operations_Detail

Discontunued Operations (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Net sales of ASMP	$2,462	$4,782
Discontinued Operation, Tax Effect of Discontinued Operation	-133	-257
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax	213	381
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	1,877	0
Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation	-723	0
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	1,154	0
Discontinued Operation, Amount of Other Income (Loss) from Disposition of Discontinued Operation, Net of Tax	1,367	381
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share	$0.16	$0.05
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	346	638
ASMP	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	346	667
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
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	$0	($29)