Lendway (LDWY) 10-Q 6 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 01, 2013
Document and Entity Information	'	'
Entity Registrant Name	'INSIGNIA SYSTEMS INC/MN	'
Entity Central Index Key	'0000875355	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	12,741,970
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets:	'	'
Cash and cash equivalents	$20,735,000	$20,271,000
Accounts receivable, net	4,988,000	3,784,000
Inventories	343,000	310,000
Deferred tax assets	475,000	478,000
Income tax receivable	25,000	800,000
Prepaid expenses and other	414,000	516,000
Total Current Assets	26,980,000	26,159,000
Other Assets:	'	'
Property and equipment, net	1,871,000	2,149,000
Other, net	3,056,000	3,398,000
Total Assets	31,907,000	31,706,000
Current Liabilities:	'	'
Accounts payable	2,851,000	2,122,000
Accrued liabilities	1,624,000	1,844,000
Income tax payable	248,000	'
Deferred revenue	823,000	402,000
Total Current Liabilities	5,546,000	4,368,000
Long-Term Liabilities:	'	'
Deferred tax liabilities	413,000	413,000
Accrued income taxes	430,000	430,000
Total Long-Term Liabilities	843,000	843,000
Commitments and Contingencies	'	'
Shareholders' Equity:	'	'
Common stock, par value $.01: Authorized shares - 40,000,000 Issued and outstanding shares - 12,742,000 at September 30, 2013 and 13,602,000 at December 31, 2012	127,000	136,000
Additional paid-in capital	20,772,000	22,678,000
Retained earnings	4,619,000	3,681,000
Total Shareholders' Equity	25,518,000	26,495,000
Total Liabilities and Shareholders' Equity	$31,907,000	$31,706,000

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
CONDENSED BALANCE SHEETS	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	12,742,000	13,602,000
Common stock, shares outstanding	12,742,000	13,602,000

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
STATEMENTS OF OPERATION	'	'	'	'
Services revenues	$6,927,000	$5,710,000	$19,642,000	$13,489,000
Products revenues	393,000	364,000	1,207,000	1,355,000
Total Net Sales	7,320,000	6,074,000	20,849,000	14,844,000
Cost of services	3,716,000	3,265,000	10,604,000	8,940,000
Cost of goods sold	284,000	249,000	848,000	950,000
Total Cost of Sales	4,000,000	3,514,000	11,452,000	9,890,000
Gross Profit	3,320,000	2,560,000	9,397,000	4,954,000
Operating Expenses:	'	'	'	'
Selling	1,586,000	1,097,000	4,138,000	3,871,000
Marketing	220,000	230,000	649,000	919,000
General and administrative	970,000	757,000	2,921,000	2,656,000
Total Operating Expenses	2,776,000	2,084,000	7,708,000	7,446,000
Operating Income (Loss)	544,000	476,000	1,689,000	-2,492,000
Other income	6,000	6,000	20,000	20,000
Income (Loss) Before Taxes	550,000	482,000	1,709,000	-2,472,000
Income tax expense (benefit)	196,000	102,000	771,000	-779,000
Net Income (Loss)	$354,000	$380,000	$938,000	($1,693,000)
Net income (loss) per share:	'	'	'	'
Basic	$0.03	$0.03	$0.07	($0.12)
Diluted	$0.03	$0.03	$0.07	($0.12)
Shares used in calculation of net income (loss) per share:	'	'	'	'
Basic	13,230,000	13,602,000	13,515,000	13,605,000
Diluted	13,370,000	13,603,000	13,581,000	13,605,000

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating Activities:	'	'
Net income (loss)	$938,000	($1,693,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	806,000	850,000
Change in allowance for doubtful accounts	105,000	'
Deferred income tax expense	3,000	'
Stock-based compensation	324,000	289,000
Gain on sale of property and equipment	-12,000	'
Changes in operating assets and liabilities:	'	'
Accounts receivable	-1,309,000	-1,748,000
Inventories	-33,000	-18,000
Income tax receivable	775,000	-670,000
Prepaid expenses and other	144,000	193,000
Accounts payable	729,000	920,000
Accrued liabilities	-220,000	-829,000
Income tax payable	252,000	-748,000
Deferred revenue	421,000	158,000
Net cash provided by (used in) operating activities	2,923,000	-3,296,000
Investing Activities:	'	'
Purchases of property and equipment	-231,000	-50,000
Proceeds received from sale of property and equipment	15,000	'
Net cash used in investing activities	-216,000	-50,000
Financing Activities:	'	'
Proceeds from issuance of common stock, net	85,000	131,000
Repurchase of common stock, net	-2,328,000	-213,000
Net cash used in financing activities	-2,243,000	-82,000
Increase (decrease) in cash and cash equivalents	464,000	-3,428,000
Cash and cash equivalents at beginning of period	20,271,000	23,202,000
Cash and cash equivalents at end of period	20,735,000	19,774,000
Supplemental disclosures for cash flow information:	'	'
Cash paid during the year for income taxes	557,000	639,000
Non-cash financing activities:	'	'
Cashless exercise of options	$4,000	'

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Summary of Significant Accounting Policies	'
Summary of Significant Accounting Policies	'
	1.             Summary of Significant Accounting Policies.
	Description of Business. Insignia Systems, Inc. (the “Company”) markets in-store advertising products, programs and services to retailers and consumer packaged goods manufacturers. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store advertising program, laser printable cardstock and label supplies, thermal sign card supplies for the Company’s Impulse Retail systems, and Stylus software.
	Basis of Presentation. Financial statements for the interim periods included herein are unaudited; however, they contain all adjustments, including normal recurring accruals, which in the opinion of management, are necessary to present fairly the financial position of the Company at September 30, 2013, its results of operations for the three and nine months ended September 30, 2013 and 2012, and its cash flows for the nine months ended September 30, 2013 and 2012. Results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year.
	The financial statements do not include certain footnote disclosures and financial information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America and, therefore, should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.
	The Summary of Significant Accounting Policies in the Company’s 2012 Annual Report on Form 10-K describes the Company’s accounting policies.
	Inventories. Inventories are primarily comprised of parts and supplies for Impulse machines, sign cards, and rollstock.  Inventory is valued at the lower of cost or market using the first-in, first-out (FIFO) method, and consists of the following:
		September 30,			December 31,
		2013			2012
	Raw materials	$	91,000		$	72,000
	Work-in-process	12,000			3,000
	Finished goods	240,000			235,000
		$	343,000		$	310,000
	Property and Equipment. Property and equipment consists of the following:
		September 30,			December 31,
		2013			2012
	Property and Equipment:
	Production tooling, machinery and equipment	$	3,865,000		$	3,923,000
	Office furniture and fixtures	260,000			260,000
	Computer equipment and software	1,257,000			1,085,000
	Web site	25,000			38,000
	Leasehold improvements	616,000			616,000
	Construction in-progress	52,000			25,000
		6,075,000			5,947,000
	Accumulated depreciation and amortization	(4,204,000		)	(3,798,000		)
	Net Property and Equipment	$	1,871,000		$	2,149,000
	Depreciation expense was approximately $158,000 and $506,000 in the three and nine months ended September 30, 2013, respectively, and $183,000 and $550,000 in the three and nine months ended September 30, 2012, respectively.
	Stock-Based Compensation. The Company measures and recognizes compensation expense for all stock-based awards at fair value using the Black-Scholes option pricing model to determine the weighted average fair value of options and employee stock purchase plan rights. The Company recognizes stock-based compensation expense on a straight-line method over the requisite service period of the award.
	There were 105,000 stock option awards granted during the nine months ended September 30, 2013, and the Company estimated the fair value of these awards using the following weighted average assumptions: expected life of 3.9 years, expected volatility of 52%, dividend yield of 0% and risk-free interest rate of 1.2%.
	The Company estimated the fair value of stock-based rights granted during the nine months ended September 30, 2013 under the Company’s employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 years, expected volatility of 51%, dividend yield of 0% and risk-free interest rate of 0.16%. Total stock-based compensation expense recorded for the three and nine months ended September 30, 2013 was $108,000 and $324,000, respectively, and for the three and nine months ended September 30, 2012 was $39,000 and $289,000, respectively.
	Total option exercises in the three and nine months ended September 30, 2013 were 23,833 and 37,165, for which the Company received proceeds of $10,020 and $22,820. A portion of the stock option exercises in the three and nine months ended September 30, 2013 were done on a cashless basis. There were no stock option exercises in the three and nine months ended September 30, 2012.
	Net Income (Loss) Per Share. Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding and excludes any potential dilutive effects of stock options. Diluted net income (loss) per share gives effect to all diluted potential common shares outstanding during the period.
	Options to purchase approximately 538,000 and 1,005,000 shares of common stock with a weighted average exercise price of $4.20 and $3.48, respectively, were outstanding at September 30, 2013 and were not included in the computation of common stock equivalents for the three and nine months ended September 30, 2013 because their exercise prices were higher than the average fair market value of the common shares during the respective reporting period. Due to the net loss incurred during the three and nine months ended September 30, 2012, all stock options were anti-dilutive.
	Weighted average common shares outstanding for the three and nine months ended September 30, 2013 and 2012 were as follows:
		Three Months Ended				Nine Months Ended
		September 30				September 30
		2013		2012		2013		2012
	Denominator for basic net income (loss) per share - weighted average shares	13,230,000		13,602,000		13,515,000		13,605,000
	Effect of dilutive securities:
	Stock options	140,000		1,000		66,000		—
	Denominator for diluted net income (loss) per share - weighted average shares	13,370,000		13,603,000		13,581,000		13,605,000

Selling_Arrangement

Selling Arrangement	9 Months Ended
	Sep. 30, 2013
Selling Arrangement	'
Selling Arrangement	'
	2.             Selling Arrangement.  Pursuant to a 2011 settlement agreement, the Company paid News America Marketing In-Store, LLC (“News America”) $4,000,000 in exchange for a 10-year arrangement to sell signs with price into News America’s network of retailers as News America’s exclusive agent. The $4,000,000 is being amortized on a straight-line basis over the 10-year term of the arrangement. Amortization expense, which was $100,000 and $300,000 in both the three and nine months ended September 30, 2013 and 2012, respectively, and is expected to be $400,000 per year over the next five years, is recorded within Cost of Services in the Company’s Statements of Operations. The net carrying amount of the selling arrangement is recorded within Other Assets on the Company’s Condensed Balance Sheets.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Taxes	'
Income Taxes	'
	3.             Income Taxes.  For the three and nine months ended September 30, 2013, the Company recorded income tax expense of $196,000 and $771,000, or 35.6% and 45.1% of income before taxes, respectively. For the three months ended September 30, 2012, the Company recorded an income tax expense of $102,000, or 21.1% of income before taxes. For the nine months ended September 30, 2012, the Company recorded an income tax benefit of $779,000, or 31.5% of loss before taxes for the period. The income tax provision (benefit) for the three and nine months ended September 30, 2013 and 2012, is comprised of federal and state taxes. The primary differences between the Company’s September 30, 2013 and 2012 effective tax rates and the statutory federal rate are expenses related to equity compensation and nondeductible meals and entertainment.
	As of September 30, 2013 and December 31, 2012, the Company had unrecognized tax benefits totaling $430,000, including interest, which relates to state nexus issues. The amount of the unrecognized tax benefits, if recognized, that would affect the effective income tax rates of future periods is $430,000. Due to the current statute of limitations regarding the unrecognized tax benefits, the unrecognized tax benefits and associated interest are not expected to change significantly in 2013.

Concentrations

Concentrations	9 Months Ended
	Sep. 30, 2013
Concentrations	'
Concentrations	'
	4.             Concentrations.  During the nine months ended September 30, 2013, two customers accounted for 27% and 11% of the Company’s total net sales. During the nine months ended September 30, 2012, three customers accounted for 27%, 12%, and 12% of the Company’s total net sales. As of September 30, 2013, two customers accounted for 22% and 14% of the Company’s total accounts receivable. As of December 31, 2012, two customers accounted for 43% and 13% of the Company’s total accounts receivable.
	Although there are a number of customers that the Company sells to, the loss of a major customer could adversely affect operating results. Additionally, the loss of a major retailer from the Company’s retail network could adversely affect operating results.

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2013
Shareholders' Equity	'
Shareholders' Equity	'
	5.             Shareholders’ Equity.  On February 22, 2011, the Board of Directors authorized the repurchase of up to $15,000,000 of the Company’s common stock on or before January 31, 2012. On May 25, 2011, the Board amended the plan to increase the maximum share purchase amount from $15,000,000 to $20,000,000. The Board of Directors did not extend this plan after its expiration on January 31, 2012. For the nine months ended September 30, 2012, the Company repurchased approximately 104,000 shares at a total cost of $213,000.
	On July 18, 2013, the Company commenced a “modified Dutch auction” tender offer (“Tender Offer”) to purchase up to $12 million of its common stock. Under the terms of the Tender Offer, the Company’s shareholders had the opportunity to tender some or all of their shares at a price within the range of $2.15 to $2.35 per share. The Tender Offer expired on August 15, 2013. The Tender Offer resulted in the purchase of 929,051 shares at $2.35 per share, for an aggregate cost to the Company of approximately $2.2 million, excluding fees and expenses related to the Tender Offer.

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2013
Restructuring	'
Restructuring	'
	6.             Restructuring.  The Company implemented a plan to restructure its operations in March 2012, including workforce reductions, salary adjustments and other cost-saving initiatives. As part of this restructuring plan, the Company reduced its workforce by approximately 29%. A pre-tax restructuring charge of $373,000 was recorded during the quarter ended March 31, 2012. The Company recorded $93,000 of this charge within Cost of Sales, and $280,000 within Operating Expenses in the Company’s Statements of Operations. All amounts related to this restructuring were paid by December 31, 2012.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Summary of Significant Accounting Policies	'
Description Of Business	'
	Description of Business. Insignia Systems, Inc. (the “Company”) markets in-store advertising products, programs and services to retailers and consumer packaged goods manufacturers. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store advertising program, laser printable cardstock and label supplies, thermal sign card supplies for the Company’s Impulse Retail systems, and Stylus software.
Basis of Presentation	'
	Basis of Presentation. Financial statements for the interim periods included herein are unaudited; however, they contain all adjustments, including normal recurring accruals, which in the opinion of management, are necessary to present fairly the financial position of the Company at September 30, 2013, its results of operations for the three and nine months ended September 30, 2013 and 2012, and its cash flows for the nine months ended September 30, 2013 and 2012. Results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year.
	The financial statements do not include certain footnote disclosures and financial information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America and, therefore, should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.
	The Summary of Significant Accounting Policies in the Company’s 2012 Annual Report on Form 10-K describes the Company’s accounting policies.
Inventories	'
	Inventories. Inventories are primarily comprised of parts and supplies for Impulse machines, sign cards, and rollstock.  Inventory is valued at the lower of cost or market using the first-in, first-out (FIFO) method, and consists of the following:
		September 30,			December 31,
		2013			2012
	Raw materials	$	91,000		$	72,000
	Work-in-process	12,000			3,000
	Finished goods	240,000			235,000
		$	343,000		$	310,000
Property And Equipment	'
	Property and Equipment. Property and equipment consists of the following:
		September 30,			December 31,
		2013			2012
	Property and Equipment:
	Production tooling, machinery and equipment	$	3,865,000		$	3,923,000
	Office furniture and fixtures	260,000			260,000
	Computer equipment and software	1,257,000			1,085,000
	Web site	25,000			38,000
	Leasehold improvements	616,000			616,000
	Construction in-progress	52,000			25,000
		6,075,000			5,947,000
	Accumulated depreciation and amortization	(4,204,000		)	(3,798,000		)
	Net Property and Equipment	$	1,871,000		$	2,149,000
	Depreciation expense was approximately $158,000 and $506,000 in the three and nine months ended September 30, 2013, respectively, and $183,000 and $550,000 in the three and nine months ended September 30, 2012, respectively.
Stock-Based Compensation	'
	Stock-Based Compensation. The Company measures and recognizes compensation expense for all stock-based awards at fair value using the Black-Scholes option pricing model to determine the weighted average fair value of options and employee stock purchase plan rights. The Company recognizes stock-based compensation expense on a straight-line method over the requisite service period of the award.
	There were 105,000 stock option awards granted during the nine months ended September 30, 2013, and the Company estimated the fair value of these awards using the following weighted average assumptions: expected life of 3.9 years, expected volatility of 52%, dividend yield of 0% and risk-free interest rate of 1.2%.
	The Company estimated the fair value of stock-based rights granted during the nine months ended September 30, 2013 under the Company’s employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 years, expected volatility of 51%, dividend yield of 0% and risk-free interest rate of 0.16%. Total stock-based compensation expense recorded for the three and nine months ended September 30, 2013 was $108,000 and $324,000, respectively, and for the three and nine months ended September 30, 2012 was $39,000 and $289,000, respectively.
	Total option exercises in the three and nine months ended September 30, 2013 were 23,833 and 37,165, for which the Company received proceeds of $10,020 and $22,820. A portion of the stock option exercises in the three and nine months ended September 30, 2013 were done on a cashless basis. There were no stock option exercises in the three and nine months ended September 30, 2012.
Net Income (Loss) Per Share	'
	Net Income (Loss) Per Share. Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding and excludes any potential dilutive effects of stock options. Diluted net income (loss) per share gives effect to all diluted potential common shares outstanding during the period.
	Options to purchase approximately 538,000 and 1,005,000 shares of common stock with a weighted average exercise price of $4.20 and $3.48, respectively, were outstanding at September 30, 2013 and were not included in the computation of common stock equivalents for the three and nine months ended September 30, 2013 because their exercise prices were higher than the average fair market value of the common shares during the respective reporting period. Due to the net loss incurred during the three and nine months ended September 30, 2012, all stock options were anti-dilutive.
	Weighted average common shares outstanding for the three and nine months ended September 30, 2013 and 2012 were as follows:
		Three Months Ended				Nine Months Ended
		September 30				September 30
		2013		2012		2013		2012
	Denominator for basic net income (loss) per share - weighted average shares	13,230,000		13,602,000		13,515,000		13,605,000
	Effect of dilutive securities:
	Stock options	140,000		1,000		66,000		—
	Denominator for diluted net income (loss) per share - weighted average shares	13,370,000		13,603,000		13,581,000		13,605,000

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Significant Accounting Policies	'
Schedule Of Inventories	'
		September 30,			December 31,
		2013			2012
	Raw materials	$	91,000		$	72,000
	Work-in-process	12,000			3,000
	Finished goods	240,000			235,000
		$	343,000		$	310,000
Schedule of Property and Equipment	'
		September 30,			December 31,
		2013			2012
	Property and Equipment:
	Production tooling, machinery and equipment	$	3,865,000		$	3,923,000
	Office furniture and fixtures	260,000			260,000
	Computer equipment and software	1,257,000			1,085,000
	Web site	25,000			38,000
	Leasehold improvements	616,000			616,000
	Construction in-progress	52,000			25,000
		6,075,000			5,947,000
	Accumulated depreciation and amortization	(4,204,000		)	(3,798,000		)
	Net Property and Equipment	$	1,871,000		$	2,149,000
Schedule Of Weighted Average Common Shares Outstanding	'
		Three Months Ended				Nine Months Ended
		September 30				September 30
		2013		2012		2013		2012
	Denominator for basic net income (loss) per share - weighted average shares	13,230,000		13,602,000		13,515,000		13,605,000
	Effect of dilutive securities:
	Stock options	140,000		1,000		66,000		—
	Denominator for diluted net income (loss) per share - weighted average shares	13,370,000		13,603,000		13,581,000		13,605,000

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Summary of Significant Accounting Policies	'	'
Raw materials	$91,000	$72,000
Work-in-process	12,000	3,000
Finished goods	240,000	235,000
Inventories	$343,000	$310,000

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 2) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Property, Plant and Equipment	'	'	'	'	'
Gross Property and Equipment	$6,075,000	'	$6,075,000	'	$5,947,000
Accumulated depreciation and amortization	-4,204,000	'	-4,204,000	'	-3,798,000
Net Property and Equipment	1,871,000	'	1,871,000	'	2,149,000
Depreciation expense	158,000	183,000	506,000	550,000	'
Production tooling, machinery and equipment	'	'	'	'	'
Property, Plant and Equipment	'	'	'	'	'
Gross Property and Equipment	3,865,000	'	3,865,000	'	3,923,000
Office furniture and fixtures	'	'	'	'	'
Property, Plant and Equipment	'	'	'	'	'
Gross Property and Equipment	260,000	'	260,000	'	260,000
Computer equipment and software	'	'	'	'	'
Property, Plant and Equipment	'	'	'	'	'
Gross Property and Equipment	1,257,000	'	1,257,000	'	1,085,000
Web site	'	'	'	'	'
Property, Plant and Equipment	'	'	'	'	'
Gross Property and Equipment	25,000	'	25,000	'	38,000
Leasehold improvements	'	'	'	'	'
Property, Plant and Equipment	'	'	'	'	'
Gross Property and Equipment	616,000	'	616,000	'	616,000
Construction in-progress	'	'	'	'	'
Property, Plant and Equipment	'	'	'	'	'
Gross Property and Equipment	$52,000	'	$52,000	'	$25,000

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details 3) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Stock-Based Compensation	'	'	'	'
Total stock-based compensation expense	$108,000	$39,000	$324,000	$289,000
Proceeds from option exercises	$10,020	$0	$22,820	$0
Stock Options	'	'	'	'
Stock-Based Compensation	'	'	'	'
Awards granted	'	'	105,000	'
Expected life	'	'	'3 years 10 months 24 days	'
Expected volatility	'	'	52.00%	'
Dividend yield	'	'	0.00%	'
Risk-free interest rate	'	'	1.20%	'
Total option exercises	23,833	0	37,165	0
Employee stock purchase plan	'	'	'	'
Stock-Based Compensation	'	'	'	'
Expected life	'	'	'1 year	'
Expected volatility	'	'	51.00%	'
Dividend yield	'	'	0.00%	'
Risk-free interest rate	'	'	0.16%	'

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Details 4) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net Income (Loss) Per Share	'	'	'	'
Denominator for basic net income (loss) per share - weighted average shares	13,230,000	13,602,000	13,515,000	13,605,000
Effect of dilutive securities: Stock options	140,000	1,000	66,000	'
Denominator for diluted net income (loss) per share - weighted average shares	13,370,000	13,603,000	13,581,000	13,605,000
Options	'	'	'	'
Net Income (Loss) Per Share	'	'	'	'
Options not included in computation because they were anti-dilutive	538,000	'	1,005,000	'
Weighted average exercise of price of options outstanding that were anti-dilutive	4.2	'	3.48	'

Selling_Arrangement_Details

Selling Arrangement (Details) (Selling Agreement, USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2011
Selling Agreement	'	'	'	'	'
Selling Arrangement	'	'	'	'	'
Payment for arrangement to sell signs	'	'	'	'	$4,000,000
Term of arrangement	'	'	'10 years	'	'
Amortization expense	100,000	100,000	300,000	300,000	'
2013	400,000	'	400,000	'	'
2014	400,000	'	400,000	'	'
2015	400,000	'	400,000	'	'
2016	400,000	'	400,000	'	'
2017	$400,000	'	$400,000	'	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Income Taxes	'	'	'	'	'
Income tax expense (benefit)	$196,000	$102,000	$771,000	($779,000)	'
Income tax rate, percentage	35.60%	21.10%	45.10%	31.50%	'
Unrecognized tax benefits	430,000	'	430,000	'	430,000
Unrecognized tax benefits, if recognized, that would affect the effective income tax rates of future periods	$430,000	'	$430,000	'	'

Concentrations_Details

Concentrations (Details)

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Net sales

Net sales

Net sales

Net sales

Net sales

Net sales

Net sales

Accounts receivable

Accounts receivable

Accounts receivable

Accounts receivable

Accounts receivable

Accounts receivable

item

item

Customer A

Customer A

Customer B

Customer B

Customer C

item

item

Customer A

Customer A

Customer B

Customer B

Concentration Risk

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of customers

2

3

'

'

'

'

'

2

2

'

'

'

'

Customer's percentage of net sales

'

'

27.00%

27.00%

11.00%

12.00%

12.00%

'

'

22.00%

43.00%

14.00%

13.00%

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	0 Months Ended			9 Months Ended
	Jul. 18, 2013	25-May-11	Feb. 22, 2011	Sep. 30, 2012
Stock Repurchase Plan and Tender Offer	'	'	'	'
Repurchase of common stock, authorized	'	$20,000,000	$15,000,000	'
Repurchase of common stock, net	2,200,000	'	'	213,000
Repurchase of common stock, shares	929,051	'	'	104,000
Price per share (in dollars per share)	$2.35	'	'	'
Minimum	'	'	'	'
Stock Repurchase Plan and Tender Offer	'	'	'	'
Offered price per share under tender offer (in dollars per share)	$2.15	'	'	'
Maximum	'	'	'	'
Stock Repurchase Plan and Tender Offer	'	'	'	'
Repurchase of common stock, authorized	$12,000,000	'	'	'
Offered price per share under tender offer (in dollars per share)	$2.35	'	'	'

Restructuring_Details

Restructuring (Details) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2012	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2012
			Cost of sales	Operating Expenses
Restructuring Cost and Reserve	'	'	'	'
Reduction in workforce	29.00%	'	'	'
Restructuring charge	'	$373,000	$93,000	$280,000