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Condensed Consolidated Statements of Operations (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 28, 2014
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Jun. 29, 2013
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Jun. 28, 2014
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Jun. 29, 2013
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| Income Statement [Abstract] | ||||
| Net sales | $ 58,796,633 | $ 53,446,594 | $ 111,683,108 | $ 106,931,192 |
| Cost of sales | 49,428,433 | 46,698,407 | 94,411,906 | 93,961,022 |
| Gross profit | 9,368,200 | 6,748,187 | 17,271,202 | 12,970,170 |
| Selling, general and administrative expense | 4,676,177 | 4,087,392 | 8,850,338 | 8,242,406 |
| Acquisition related costs | 0 | 13,180 | (3,146) | 51,190 |
| Operating income | 4,692,023 | 2,647,615 | 8,424,010 | 4,676,574 |
| Other (income) and expense | ||||
| Interest expense | 261,998 | 372,402 | 527,686 | 714,227 |
| Change in fair value of interest rate swap | 175,695 | (495,430) | 294,501 | (633,109) |
| Palmer earn-out adjustment | (3,476,198) | 0 | (3,476,198) | 0 |
| Other, net | (6,645) | 16,021 | (6,645) | (194) |
| Income from continuing operations before income taxes | 7,737,173 | 2,754,622 | 11,084,666 | 4,595,650 |
| Provision for income taxes | 1,991,000 | 931,000 | 3,126,000 | 1,535,000 |
| Net income from continuing operations | 5,746,173 | 1,823,622 | 7,958,666 | 3,060,650 |
| (Loss) income from discontinued operations, net of tax | (5,345,886) | 89,042 | (5,782,100) | 317,461 |
| Net income | $ 400,287 | $ 1,912,664 | $ 2,176,566 | $ 3,378,111 |
| Net income per common share from continuing operations: | ||||
| Basic | $ 0.66 | $ 0.29 | $ 0.92 | $ 0.48 |
| Diluted | $ 0.66 | $ 0.28 | $ 0.91 | $ 0.48 |
| Net (loss) income per common share from discontinued operations: | ||||
| Basic | $ (0.61) | $ 0.01 | $ (0.66) | $ 0.05 |
| Diluted | $ (0.61) | $ 0.01 | $ (0.66) | $ 0.05 |
| Weighted average shares outstanding: | ||||
| Basic (shares) | 8,700,725 | 6,379,391 | 8,695,610 | 6,371,013 |
| Dilutive effect from stock options and grants (shares) | 10,662 | 58,636 | 9,353 | 58,872 |
| Diluted (shares) | 8,711,387 | 6,438,027 | 8,704,963 | 6,429,885 |
| X | ||||||||||
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- Definition
Total costs related to goods produced and sold during the reporting period. Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs No definition available.
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Represents the charge against earnings during the period for commitment fees and debt issuance expenses. No definition available.
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, bad debt expense, environmental costs, etc. No definition available.
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- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Details
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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