Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 28, 2013 | Oct. 09, 2013 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | STANLEY FURNITURE CO INC. | |
Document Type | 10-Q | |
Current Fiscal Year End Date | -19 | |
Entity Common Stock, Shares Outstanding | 14,509,119 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 797465 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | 28-Sep-13 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q3 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ||
Cash and equivalents | $10,916 | $10,930 |
Restricted cash | 1,737 | 1,737 |
Short-term investments | 10,000 | 25,000 |
Accounts receivable, less allowances of $783 and $654 | 13,699 | 10,028 |
Inventories: | ||
Finished goods | 28,224 | 30,980 |
Work-in-process | 1,651 | 1,845 |
Raw materials | 1,791 | 2,235 |
Total inventories | 31,666 | 35,060 |
Prepaid and other current assets | 4,307 | 3,438 |
Deferred taxes | 622 | 962 |
Total current assets | 72,947 | 87,155 |
Property, plant and equipment, net | 21,184 | 19,870 |
Other assets | 6,398 | 3,691 |
Total assets | 100,529 | 110,716 |
Current liabilities: | ||
Accounts payable | 6,811 | 8,667 |
Accrued salaries, wages and benefits | 4,295 | 3,826 |
Other accrued expenses | 2,306 | 2,421 |
Total current liabilities | 13,412 | 14,914 |
Deferred income taxes | 622 | 962 |
Other long-term liabilities | 7,108 | 7,601 |
Total liabilities | 21,142 | 23,477 |
STOCKHOLDERS’ EQUITY | ||
Common stock, $.02 par value, 25,000,000 shares authorized, 14,509,119 and 14,566,099 shares issued and outstanding | 282 | 284 |
Capital in excess of par value | 15,361 | 15,018 |
Retained earnings | 64,328 | 72,421 |
Accumulated other comprehensive loss | -584 | -484 |
Total stockholders’ equity | 79,387 | 87,239 |
Total liabilities and stockholders’ equity | $100,529 | $110,716 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Sep. 28, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Allowances (in Dollars) | $783 | $654 |
Common stock par value (in Dollars per share) | $0.02 | $0.02 |
Common stock, shares authorized (in Shares) | 25,000,000 | 25,000,000 |
Common stock, shares issued (in Shares) | 14,509,119 | 14,566,099 |
Common stock, shares outstanding (in Shares) | 14,509,119 | 14,566,099 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Net sales | $23,982 | $23,977 | $74,200 | $75,186 |
Cost of sales | 21,203 | 20,632 | 65,856 | 65,166 |
Gross profit | 2,779 | 3,345 | 8,344 | 10,020 |
Selling, general, and administrative expenses | 4,711 | 4,634 | 14,676 | 13,699 |
Operating loss | -1,932 | -1,289 | -6,332 | -3,679 |
Income from Continued Dumping and Subsidy Offset Act,net | 53 | 39,414 | ||
Other income, net | 33 | 23 | 51 | 64 |
Interest income | 17 | 26 | 60 | 51 |
Interest expense | 715 | 640 | 2,015 | 1,761 |
(Loss) income before taxes | -2,597 | -1,827 | -8,236 | 34,089 |
Income tax (benefit) expense | -127 | 77 | -143 | 697 |
Net (loss) income | ($2,470) | ($1,904) | ($8,093) | $33,392 |
(Loss) income per share: | ||||
Basic (in Dollars per share) | ($0.17) | ($0.13) | ($0.57) | $2.33 |
Diluted (in Dollars per share) | ($0.17) | ($0.13) | ($0.57) | $2.30 |
Weighted average shares outstanding: | ||||
Basic (in Shares) | 14,136 | 14,345 | 14,145 | 14,345 |
Diluted (in Shares) | 14,136 | 14,345 | 14,145 | 14,487 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Net (loss) income | ($2,470) | ($1,904) | ($8,093) | $33,392 |
Other comprehensive loss: | ||||
Amortization of prior service benefit | -42 | -44 | -126 | -133 |
Amortization of actuarial loss | 8 | 10 | 25 | 24 |
Adjustments to net periodic benefit cost | -34 | -34 | -101 | -109 |
Comprehensive (loss) income | ($2,504) | ($1,938) | ($8,194) | $33,283 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 |
Cash flows from operating activities: | ||
Cash received from customers | $70,545 | $73,503 |
Cash paid to suppliers and employees | -79,816 | -79,818 |
Cash from Continued Dumping and Subsidy Offset Act | 39,909 | |
Interest paid, net | -2,514 | -2,246 |
Income taxes paid, net | -156 | -748 |
Net cash (used) provided by operating activities | -11,941 | 30,600 |
Cash flows from investing activities: | ||
Sale of short-term securities | 15,000 | |
Purchase of short-term securities | -20,000 | |
Restricted cash increase | -150 | |
Capital expenditures | -2,881 | -3,226 |
Purchase of other assets | -2,189 | -2,007 |
Proceeds from sale of assets | 55 | |
Net cash provided (used) by investing activities | 9,930 | -25,328 |
Cash flows from financing activities: | ||
Purchase and retirement of common stock | -358 | |
Proceeds from insurance policy loans | 2,416 | 2,283 |
Proceeds from exercise of stock options | 38 | |
Capital lease payments | -99 | -99 |
Net cash provided by financing activities | 1,997 | 2,184 |
Net (decrease) increase in cash and equivalents | -14 | 7,456 |
Cash and equivalents at beginning of period | 10,930 | 15,700 |
Cash and equivalents at end of period | 10,916 | 23,156 |
Reconciliation of net (loss) income to net cash (used) provided by operating activities: | ||
Net (loss) income | -8,093 | 33,392 |
Depreciation and amortization | 1,587 | 1,320 |
Stock-based compensation | 661 | 589 |
Gain on disposal of assets | -50 | |
Changes in assets and liabilities: | ||
Accounts receivable | -3,671 | -1,619 |
Inventories | 3,394 | -401 |
Prepaid expenses and other current assets | -3,428 | -2,181 |
Accounts payable | -1,692 | -1,502 |
Accrued salaries, wages and benefits | 596 | 475 |
Other accrued expenses | -342 | 496 |
Other assets | -559 | -492 |
Other long-term liabilities | -394 | 573 |
Net cash (used) provided by operating activities | ($11,941) | $30,600 |
Preparation_of_Interim_Unaudit
Preparation of Interim Unaudited Consolidated Financial Statements | 9 Months Ended |
Sep. 28, 2013 | |
Disclosure Text Block [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Preparation of Interim Unaudited Consolidated Financial Statements |
The consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these statements include all adjustments necessary for a fair presentation of the results of all interim periods reported herein. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures prepared in accordance with generally accepted accounting principles have been either condensed or omitted pursuant to SEC rules and regulations. However, we believe that the disclosures made are adequate for a fair presentation of results of operations and financial position. Operating results for the interim periods reported herein may not be indicative of the results expected for the year. We suggest that these consolidated financial statements be read in conjunction with the consolidated financial statements and accompanying notes included in our latest Annual Report on Form 10-K. | |
A correction of an immaterial presentation error was made in the Consolidated Statements of Comprehensive Income for the prior year three and nine month periods. |
Property_Plant_and_Equipment
Property, Plant and Equipment | 9 Months Ended | ||||||
Sep. 28, 2013 | |||||||
Property, Plant and Equipment [Abstract] | |||||||
Property, Plant and Equipment Disclosure [Text Block] | 2. Property, Plant and Equipment | ||||||
28-Sep-13 | 31-Dec-12 | ||||||
Land, buildings and leasehold improvements | $ | 16,276 | $ | 14,049 | |||
Machinery and equipment | 29,027 | 28,406 | |||||
Office furniture and equipment | 1,000 | 1,000 | |||||
Construction in process | 392 | 522 | |||||
Property, plant and equipment, at cost | 46,695 | 43,977 | |||||
Less accumulated depreciation | 25,511 | 24,107 | |||||
Property, plant and equipment, net | $ | 21,184 | $ | 19,870 | |||
Income_taxes
Income taxes | 9 Months Ended |
Sep. 28, 2013 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | 3. Income taxes |
During the nine months of 2013, we recorded a non-cash charge to our valuation allowance of $3.6 million, increasing our valuation allowance against deferred tax assets to $7.2 million at September 28, 2013. The primary assets covered by this valuation allowance are net operating losses. The valuation allowance was calculated in accordance with the provisions of ASC 740, Income Taxes, which requires an assessment of both positive and negative evidence when measuring the need for a valuation allowance. Our results over the most recent three-year period were heavily affected by our business restructuring activities. Our cumulative operating loss in the most recent three-year period, in our view, represented sufficient negative evidence to require a valuation allowance under the provisions of ASC 740, Income Taxes. We intend to maintain a valuation allowance until sufficient positive evidence exists to support its reversal. Although realization is not assured, we have concluded that the remaining net deferred tax asset in the amount of $622 will be realized based on the reversal of existing deferred tax liabilities. The amount of the deferred tax assets actually realized, however, could vary if there are differences in the timing or amount of future reversals of existing deferred tax liabilities. Should we determine that we will not be able to realize all or part of our deferred tax asset in the future, an adjustment to the deferred tax asset will be charged to income in the period such determination is made. The income tax benefit recognized during the three and nine month periods was primarily generated due to the releasing of reserves due to lapse of statute of limitations. | |
During the nine months of 2012, we utilized $39.4 million of our net operating loss carry forwards against the income recognized by proceeds from the Continued Dumping and Subsidy Offset Act distributed by U.S. Customs and Border Protection in April of 2012. The income tax expense recognized during the three and nine month periods was primarily generated from the federal alternative minimum tax. The alternative minimum tax limited our ability to offset income generated during the period with net operating loss carry forwards. | |
The major reconciling items between our effective income tax rate and the federal statutory rate are the changes in our valuation allowance and the cash surrender value on life insurance policies. |
Employee_Benefit_Plans
Employee Benefit Plans | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Compensation and Retirement Disclosure [Abstract] | |||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | 4. Employee Benefit Plans | ||||||||||||
Components of other postretirement benefit cost: | |||||||||||||
Three Months | Nine Months | ||||||||||||
Ended | Ended | ||||||||||||
Sept. 28, 2013 | Sept. 29, 2012 | Sept. 28, 2013 | Sept. 29, 2012 | ||||||||||
Interest cost | $ | 23 | $ | 34 | $ | 73 | $ | 99 | |||||
Amortization of prior service benefit | -42 | -44 | -126 | -133 | |||||||||
Amortization of actuarial loss | 8 | 10 | 25 | 24 | |||||||||
Net periodic postretirement benefit cost (benefit) | $ | -11 | $ | - | $ | -28 | $ | -10 | |||||
Stockholders_Equity
Stockholders' Equity | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | |||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | 5. Stockholders’ Equity | ||||||||||||
Basic earnings per common share are based upon the weighted average shares outstanding. Outstanding stock options and restricted stock are treated as potential common stock for purposes of computing diluted earnings per share. Basic and diluted earnings per share are calculated using the following share data: | |||||||||||||
Three Months | Nine Months | ||||||||||||
Ended | Ended | ||||||||||||
Sept. 28, 2013 | Sept. 29, 2012 | Sept. 28, 2013 | Sept. 29, 2012 | ||||||||||
Weighted average shares outstanding for basic calculation | 14,136 | 14,345 | 14,145 | 14,345 | |||||||||
Add: Effect of dilutive stock options and restricted stock | - | - | - | 142 | |||||||||
Weighted average shares outstanding adjusted for diluted calculation | 14,136 | 14,345 | 14,145 | 14,487 | |||||||||
During the three and nine month periods ended September 28, 2013, the dilutive effect of outstanding stock options and restricted stock is not recognized since we have a net loss for those periods. Approximately 2.0 million shares in 2013 were issuable upon the exercise of stock options. Also, 373,000 shares of restricted stock in 2013 were not included because they were anti-dilutive. During the three and nine month periods ended September 29, 2012, approximately 1.8 million and 729,000 stock options, respectively, were excluded from the diluted per share calculation as they would be anti-dilutive. In addition, 205,000 shares of restricted stock were not included in the three month period of 2012 because they were anti-dilutive. | |||||||||||||
A reconciliation of the activity in Stockholders’ Equity accounts for the first nine months of 2013 is as follows: | |||||||||||||
Common Stock | Capital in Excess of Par Value | Retained Earnings | Accumulated Other Comprehensive Loss | ||||||||||
Balance, December 31, 2012 | $ | 284 | $ | 15,018 | $ | 72,421 | $ | -484 | |||||
Net loss | - | - | -8,093 | - | |||||||||
Stock repurchased | -2 | -356 | - | - | |||||||||
Stock-based compensation | - | 661 | - | - | |||||||||
Exercise of stock options | - | 38 | - | - | |||||||||
Adjustment to net periodic benefit cost | - | - | - | -100 | |||||||||
Balance, September 28, 2013 | $ | 282 | $ | 15,361 | $ | 64,328 | $ | -584 | |||||
Restructuring_and_Related_Char
Restructuring and Related Charges | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Restructuring and Related Activities [Abstract] | |||||||||||||
Restructuring and Related Activities Disclosure [Text Block] | 6. Restructuring and Related Charges | ||||||||||||
In 2012, we made the strategic decision to consolidate our corporate office and High Point showroom into a single multi-purpose facility in High Point, North Carolina. During the current nine month period, we recorded $532 in restructuring charges in selling, general and administrative expenses for severance and relocation costs associated with this move and consolidation. | |||||||||||||
Restructuring accrual activity for the nine months ending September 28, 2013 was as follows: | |||||||||||||
Lease Obligations | Severance and other termination costs | Total | |||||||||||
Accrual at January 1, 2013 | $ | 732 | $ | - | $ | 732 | |||||||
Charges to expense | - | 532 | 532 | ||||||||||
Cash payments | -183 | -449 | -632 | ||||||||||
Accrual at September 28, 2013 | $ | 549 | $ | 83 | $ | 632 | |||||||
Restructuring accrual activity for the nine months ending September 29, 2012 was as follows: | |||||||||||||
Lease | Severance and other | Other | |||||||||||
Obligations | termination costs | Cost | Total | ||||||||||
Accrual at January 1, 2012 | $ | 499 | $ | 57 | $ | 50 | $ | 606 | |||||
Charges and adjustments to expense | 418 | 17 | -40 | 395 | |||||||||
Cash payments | -124 | -74 | -10 | -208 | |||||||||
Accrual at September 29, 2012 | $ | 793 | $ | - | $ | - | $ | 793 | |||||
The restructuring accrual is classified as “Other accrued expenses”. |
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 9 Months Ended | ||||||
Sep. 28, 2013 | |||||||
Property, Plant and Equipment [Abstract] | |||||||
Property, Plant and Equipment [Table Text Block] | |||||||
28-Sep-13 | 31-Dec-12 | ||||||
Land, buildings and leasehold improvements | $ | 16,276 | $ | 14,049 | |||
Machinery and equipment | 29,027 | 28,406 | |||||
Office furniture and equipment | 1,000 | 1,000 | |||||
Construction in process | 392 | 522 | |||||
Property, plant and equipment, at cost | 46,695 | 43,977 | |||||
Less accumulated depreciation | 25,511 | 24,107 | |||||
Property, plant and equipment, net | $ | 21,184 | $ | 19,870 |
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Compensation and Retirement Disclosure [Abstract] | |||||||||||||
Schedule of Costs of Retirement Plans [Table Text Block] | Three Months | Nine Months | |||||||||||
Ended | Ended | ||||||||||||
Sept. 28, 2013 | Sept. 29, 2012 | Sept. 28, 2013 | Sept. 29, 2012 | ||||||||||
Interest cost | $ | 23 | $ | 34 | $ | 73 | $ | 99 | |||||
Amortization of prior service benefit | -42 | -44 | -126 | -133 | |||||||||
Amortization of actuarial loss | 8 | 10 | 25 | 24 | |||||||||
Net periodic postretirement benefit cost (benefit) | $ | -11 | $ | - | $ | -28 | $ | -10 |
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | |||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months | Nine Months | |||||||||||
Ended | Ended | ||||||||||||
Sept. 28, 2013 | Sept. 29, 2012 | Sept. 28, 2013 | Sept. 29, 2012 | ||||||||||
Weighted average shares outstanding for basic calculation | 14,136 | 14,345 | 14,145 | 14,345 | |||||||||
Add: Effect of dilutive stock options and restricted stock | - | - | - | 142 | |||||||||
Weighted average shares outstanding adjusted for diluted calculation | 14,136 | 14,345 | 14,145 | 14,487 | |||||||||
Schedule of Stockholders Equity [Table Text Block] | Common Stock | Capital in Excess of Par Value | Retained Earnings | Accumulated Other Comprehensive Loss | |||||||||
Balance, December 31, 2012 | $ | 284 | $ | 15,018 | $ | 72,421 | $ | -484 | |||||
Net loss | - | - | -8,093 | - | |||||||||
Stock repurchased | -2 | -356 | - | - | |||||||||
Stock-based compensation | - | 661 | - | - | |||||||||
Exercise of stock options | - | 38 | - | - | |||||||||
Adjustment to net periodic benefit cost | - | - | - | -100 | |||||||||
Balance, September 28, 2013 | $ | 282 | $ | 15,361 | $ | 64,328 | $ | -584 | |||||
Restructuring_and_Related_Char1
Restructuring and Related Charges (Tables) | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Restructuring and Related Activities [Abstract] | |||||||||||||
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | Lease Obligations | Severance and other termination costs | Total | ||||||||||
Accrual at January 1, 2013 | $ | 732 | $ | - | $ | 732 | |||||||
Charges to expense | - | 532 | 532 | ||||||||||
Cash payments | -183 | -449 | -632 | ||||||||||
Accrual at September 28, 2013 | $ | 549 | $ | 83 | $ | 632 | |||||||
Lease | Severance and other | Other | |||||||||||
Obligations | termination costs | Cost | Total | ||||||||||
Accrual at January 1, 2012 | $ | 499 | $ | 57 | $ | 50 | $ | 606 | |||||
Charges and adjustments to expense | 418 | 17 | -40 | 395 | |||||||||
Cash payments | -124 | -74 | -10 | -208 | |||||||||
Accrual at September 29, 2012 | $ | 793 | $ | - | $ | - | $ | 793 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) - Property, Plant and Equipment (USD $) | Sep. 28, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Abstract] | ||
Land, buildings and leasehold improvements | $16,276 | $14,049 |
Machinery and equipment | 29,027 | 28,406 |
Office furniture and equipment | 1,000 | 1,000 |
Construction in process | 392 | 522 |
Property, plant and equipment, at cost | 46,695 | 43,977 |
Less accumulated depreciation | 25,511 | 24,107 |
Property, plant and equipment, net | $21,184 | $19,870 |
Income_taxes_Details
Income taxes (Details) (USD $) | 9 Months Ended |
Sep. 28, 2013 | |
Income Tax Disclosure [Abstract] | |
Valuation Allowance, Deferred Tax Asset, Change in Amount | $3,600,000 |
Deferred Tax Assets, Valuation Allowance | 7,200,000 |
Deferred Tax Assets, Net, Noncurrent | -622,000 |
Operating Loss Carryforwards | $39,400,000 |
Employee_Benefit_Plans_Details
Employee Benefit Plans (Details) - Schedule of Costs of Retirement Plans (Other Postretirement Benefit Plan, Defined Benefit [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Other Postretirement Benefit Plan, Defined Benefit [Member] | ||||
Employee Benefit Plans (Details) - Schedule of Costs of Retirement Plans [Line Items] | ||||
Interest cost | $23 | $34 | $73 | $99 |
Amortization of prior service benefit | -42 | -44 | -126 | -133 |
Amortization of actuarial loss | 8 | 10 | 25 | 24 |
Net periodic postretirement benefit cost (benefit) | ($11) | ($28) | ($10) |
Stockholders_Equity_Details
Stockholders' Equity (Details) | 3 Months Ended | 9 Months Ended | |
Sep. 28, 2012 | Sep. 28, 2013 | Sep. 28, 2012 | |
Equity Option [Member] | |||
Stockholders' Equity (Details) [Line Items] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,800,000 | 2,000,000 | 729,000 |
Restricted Stock [Member] | |||
Stockholders' Equity (Details) [Line Items] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 205,000 | 373,000 |
Stockholders_Equity_Details_Ba
Stockholders' Equity (Details) - Basic and Diluted Earnings Per Share Calculation | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Basic and Diluted Earnings Per Share Calculation [Abstract] | ||||
Weighted average shares outstanding for basic calculation | 14,136 | 14,345 | 14,145 | 14,345 |
Add: Effect of dilutive stock options and restricted stock | 142 | |||
Weighted average shares outstanding adjusted for diluted calculation | 14,136 | 14,345 | 14,145 | 14,487 |
Stockholders_Equity_Details_Re
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ||||
Balance, December 31, 2012 | $87,239 | |||
Net loss | -2,470 | -1,904 | -8,093 | 33,392 |
Stock repurchased | -358 | |||
Stock-based compensation | 661 | 589 | ||
Exercise of stock options | 38 | |||
Adjustment to net periodic benefit cost | 34 | 34 | 101 | 109 |
Balance, September 28, 2013 | 79,387 | 79,387 | ||
Common Stock [Member] | ||||
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ||||
Balance, December 31, 2012 | 284 | |||
Net loss | ||||
Stock repurchased | -2 | |||
Stock-based compensation | ||||
Exercise of stock options | ||||
Adjustment to net periodic benefit cost | ||||
Balance, September 28, 2013 | 282 | 282 | ||
Additional Paid-in Capital [Member] | ||||
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ||||
Balance, December 31, 2012 | 15,018 | |||
Net loss | ||||
Stock repurchased | -356 | |||
Stock-based compensation | 661 | |||
Exercise of stock options | 38 | |||
Adjustment to net periodic benefit cost | ||||
Balance, September 28, 2013 | 15,361 | 15,361 | ||
Retained Earnings [Member] | ||||
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ||||
Balance, December 31, 2012 | 72,421 | |||
Net loss | -8,093 | |||
Stock repurchased | ||||
Stock-based compensation | ||||
Exercise of stock options | ||||
Adjustment to net periodic benefit cost | ||||
Balance, September 28, 2013 | 64,328 | 64,328 | ||
Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Stockholders' Equity (Details) - Reconciliation of the activity in Stockholders` Equity accounts [Line Items] | ||||
Balance, December 31, 2012 | -484 | |||
Net loss | ||||
Stock repurchased | ||||
Stock-based compensation | ||||
Exercise of stock options | ||||
Adjustment to net periodic benefit cost | -100 | |||
Balance, September 28, 2013 | ($584) | ($584) |
Restructuring_and_Related_Char2
Restructuring and Related Charges (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 |
Restructuring and Related Charges (Details) [Line Items] | ||
Restructuring Charges | $532 | $395 |
Severance And Relocation Cost [Member] | ||
Restructuring and Related Charges (Details) [Line Items] | ||
Restructuring Charges | $532 |
Restructuring_and_Related_Char3
Restructuring and Related Charges (Details) - Restructuring accrual activity (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 |
Restructuring and Related Charges (Details) - Restructuring accrual activity [Line Items] | ||
Accrual at January 1, 2013 | $732 | $606 |
Charges to expense | 532 | 395 |
Cash payments | -632 | -208 |
Accrual at September 28, 2013 | 632 | 793 |
Lease Obligations [Member] | ||
Restructuring and Related Charges (Details) - Restructuring accrual activity [Line Items] | ||
Accrual at January 1, 2013 | 732 | 499 |
Charges to expense | 418 | |
Cash payments | -183 | -124 |
Accrual at September 28, 2013 | 549 | 793 |
Severance And Other Termination Costs [Member] | ||
Restructuring and Related Charges (Details) - Restructuring accrual activity [Line Items] | ||
Accrual at January 1, 2013 | 57 | |
Charges to expense | 532 | 17 |
Cash payments | -449 | -74 |
Accrual at September 28, 2013 | 83 | |
Other Cost [Member] | ||
Restructuring and Related Charges (Details) - Restructuring accrual activity [Line Items] | ||
Accrual at January 1, 2013 | 50 | |
Charges to expense | -40 | |
Cash payments | -10 | |
Accrual at September 28, 2013 |