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2007 ANNUAL REPORT 11

In thousands, except March 31 June 30 September 30 December 31
per share amounts 2007 2006 2007 2006 2007 2006 2007 2006
Net sales $ 32,036 $ 25,307 $ 39,215 $ 39,586 $ 39,283 $ 35,548 $ 45,401 $ 53,254
Cost of sales 23,948 20,285 30,835 35,413 29,550 28,511 40,201 39,533
               
Selling, general and
administrative expense 9,036 6,588 9,632 8,117 9,716 6,850 11,250 11,065
(Loss) earnings
from operations (948 ) (1,566 ) (1,252 ) (3,944 ) 17 187 (6,050 ) 2,656
Interest expense 319 34 411 25 419 25 506 395
Other income (expense) 257 (62 ) 358 (75 ) 212 222 262 (22 )
              
Minority interest (8 ) (3 ) (2 ) (6 ) 4
Net (loss) earnings (720 ) (1,127 ) (434 ) (2,686 ) 404 373 (3,672 ) 1,811
Net (loss) earnings per share (a)
Basic $ (0.11 ) $ (0.17 ) $ (0.07 ) $ (0.41 ) $ 0.06 $ 0.06 $ (0.57 ) $ 0.28
Diluted (0.11 ) (0.17 ) (0.07 ) (0.41 ) 0.06 0.06 (0.57 ) 0.27
Weighted average shares
outstanding:
Basic 6,438 6,489 6,454 6,489 6,469 6,489 6,471 6,459
Diluted 6,438 6,489 6,454 6,489 6,576 6,677 6,471 6,662
Stock price:
High $ 10.95 $ 14.00 $ 10.72 $ 12.49 $ 10.06 $ 11.45 $ 6.75 $ 10.42
Low 8.75 10.06 9.16 9.04 6.14 8.04 4.11 8.02
End of quarter 10.36 10.59 9.76 9.43 6.74 8.51 4.85 9.56
Trading volume 505 4,711 441 2,185 473 848 1,073 1,003
(a)
The sum of the quarterly net earnings per share amounts may not equal the annual amount because net earnings per share are calculated independently for each
quarter.
