2012 Q2 Form 10-K Financial Statement

#000115752313003318 Filed on July 12, 2013

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q4
Revenue $75.71M $60.45M $58.01M
YoY Change 25.35% 16.92% 18.64%
Cost Of Revenue $62.01M $51.94M $49.37M
YoY Change 26.3% 19.68% 19.53%
Gross Profit $13.70M $8.511M $8.646M
YoY Change 21.22% 3.79% 13.76%
Gross Profit Margin 18.09% 14.08% 14.9%
Selling, General & Admin $8.031M $5.518M $5.720M
YoY Change 23.55% 8.2% 36.19%
% of Gross Profit 58.63% 64.83% 66.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.264M $1.214M $1.200M
YoY Change 4.46% -2.1% -1.64%
% of Gross Profit 9.23% 14.26% 13.88%
Operating Expenses $8.031M $5.518M $5.720M
YoY Change 23.55% 8.2% 36.19%
Operating Profit $5.667M $2.993M $2.926M
YoY Change 18.06% -3.45% -13.94%
Interest Expense $190.0K $181.0K $188.0K
YoY Change -290.0% -190.5% -194.0%
% of Operating Profit 3.35% 6.05% 6.43%
Other Income/Expense, Net -$104.0K -$83.00K $15.00K
YoY Change -204.0%
Pretax Income $5.494M $2.877M $2.863M
YoY Change 16.89% -0.79% -10.53%
Income Tax $2.071M $1.075M -$3.389M
% Of Pretax Income 37.7% 37.37% -118.37%
Net Earnings $3.423M $1.802M $6.252M
YoY Change -42.95% -24.92% 56.3%
Net Earnings / Revenue 4.52% 2.98% 10.78%
Basic Earnings Per Share $0.27 $0.14 $0.49
Diluted Earnings Per Share $0.27 $0.14 $0.49
COMMON SHARES
Basic Shares Outstanding 12.51M shares 12.54M shares 12.73M shares
Diluted Shares Outstanding 12.70M shares 12.68M shares 12.87M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.00M $23.60M $24.30M
YoY Change 0.32% 3.51% 25.91%
Cash & Equivalents $25.02M $15.10M $13.80M
Short-Term Investments $5.900M $8.500M $10.50M
Other Short-Term Assets $1.989M $2.522M $1.602M
YoY Change -16.29% 32.74% 6.8%
Inventory $36.37M $32.91M $33.78M
Prepaid Expenses
Receivables $25.06M $22.01M $16.24M
Other Receivables $0.00 $0.00 $100.0K
Total Short-Term Assets $96.86M $83.86M $78.71M
YoY Change 17.22% 22.61% 19.98%
LONG-TERM ASSETS
Property, Plant & Equipment $31.28M $30.29M $30.43M
YoY Change 3.24% -1.03% -2.46%
Goodwill $11.46M $11.46M $11.46M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.907M $1.944M $1.982M
YoY Change -7.07% -32.97% -33.93%
Total Long-Term Assets $47.85M $47.59M $48.42M
YoY Change 0.92% 4.6% 4.57%
TOTAL ASSETS
Total Short-Term Assets $96.86M $83.86M $78.71M
Total Long-Term Assets $47.85M $47.59M $48.42M
Total Assets $144.7M $131.5M $127.1M
YoY Change 11.28% 15.41% 13.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.66M $23.49M $21.69M
YoY Change 23.29% 35.77% 19.17%
Accrued Expenses $9.321M $7.594M $6.839M
YoY Change 22.37% 26.57% 13.98%
Deferred Revenue
YoY Change
Short-Term Debt $900.0K $900.0K $0.00
YoY Change
Long-Term Debt Due $2.404M $2.400M $2.401M
YoY Change -0.33% 0.0% 0.04%
Total Short-Term Liabilities $44.13M $34.62M $31.45M
YoY Change 23.22% 32.65% 17.81%
LONG-TERM LIABILITIES
Long-Term Debt $6.719M $6.766M $6.818M
YoY Change -26.45% -26.46% -25.89%
Other Long-Term Liabilities $4.200M $4.000M $4.100M
YoY Change 0.0% 2.56% 5.13%
Total Long-Term Liabilities $6.719M $6.766M $6.818M
YoY Change -26.45% -48.35% -47.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.13M $34.62M $31.45M
Total Long-Term Liabilities $6.719M $6.766M $6.818M
Total Liabilities $55.72M $46.09M $43.03M
YoY Change 12.08% 15.79% 6.5%
SHAREHOLDERS EQUITY
Retained Earnings $42.29M
YoY Change 45.85%
Common Stock $635.0K
YoY Change -4.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $89.00M $85.37M $84.10M
YoY Change
Total Liabilities & Shareholders Equity $144.7M $131.5M $127.1M
YoY Change 11.28% 15.41% 13.61%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q4
OPERATING ACTIVITIES
Net Income $3.423M $1.802M $6.252M
YoY Change -42.95% -24.92% 56.3%
Depreciation, Depletion And Amortization $1.264M $1.214M $1.200M
YoY Change 4.46% -2.1% -1.64%
Cash From Operating Activities $9.270M $150.0K $6.220M
YoY Change 10.23% -96.08% 116.72%
INVESTING ACTIVITIES
Capital Expenditures -$2.170M -$1.170M -$1.250M
YoY Change 181.82% 134.0% -35.23%
Acquisitions
YoY Change
Other Investing Activities $2.750M $2.090M $100.0K
YoY Change -229.11% -241.22%
Cash From Investing Activities $570.0K $930.0K -$1.150M
YoY Change -119.66% -146.73% -40.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.00K 160.0K -5.870M
YoY Change 300.0% -3361.11%
NET CHANGE
Cash From Operating Activities 9.270M 150.0K 6.220M
Cash From Investing Activities 570.0K 930.0K -1.150M
Cash From Financing Activities 50.00K 160.0K -5.870M
Net Change In Cash 9.890M 1.240M -800.0K
YoY Change 79.49% -34.04% -170.8%
FREE CASH FLOW
Cash From Operating Activities $9.270M $150.0K $6.220M
Capital Expenditures -$2.170M -$1.170M -$1.250M
Free Cash Flow $11.44M $1.320M $7.470M
YoY Change 24.62% -69.52% 55.63%

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IncomeTaxExpenseBenefitExcludingTaxEffectFromExerciseOfStockOption
838000
CY2012 cfi Deferred Income Tax Expense Benefit Change In Valuation Allowance
DeferredIncomeTaxExpenseBenefitChangeInValuationAllowance
3709000
CY2012 cfi Capital Expenditures
CapitalExpenditures
5919000
CY2013 dei Trading Symbol
TradingSymbol
CFI
CY2013 dei Entity Registrant Name
EntityRegistrantName
CULP INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-04-28
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000723603
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-28
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.50
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y4M24D
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.067 pure
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12450000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.13
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
17075000
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.021 pure
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
215000 shares
CY2013 us-gaap Inventory Related Text
InventoryRelatedText
Inventory aging categories are six, nine, twelve, and fifteen months.
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.097 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.583 pure
CY2013 us-gaap Fiscal Period
FiscalPeriod
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 24pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"> Fiscal Year</font> &#x2013; Our fiscal year is the 52 or 53 week period ending on the Sunday closest to April&#xA0;30.&#xA0;&#xA0;Fiscal 2013, 2012 and 2011 each included 52 weeks.</font></div>
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
23025 shares
CY2013 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
123335 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
9.37
CY2013 us-gaap Use Of Estimates
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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 24pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"> Use of Estimates &#x2013;</font> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#xA0;&#xA0;Actual results could differ from those estimates.</font></div>
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.92
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12235000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
5625 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.040 pure
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
268814000
CY2013 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
19000
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4400000
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
7593000
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
38000
CY2013 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
76000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
205000
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
419000
CY2013 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
105000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20289000
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2800000
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1325000
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-583000
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2515000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
76000
CY2013 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
49000
CY2013 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-222000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1667000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
38000
CY2013 us-gaap Interest Paid
InterestPaid
666000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
812000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18355000
CY2013 us-gaap Gross Profit
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49530000
CY2013 us-gaap Increase Decrease In Other Noncurrent Assets
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176000
CY2013 us-gaap Operating Income Loss
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CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5022000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
18317000
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1979000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
562000
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
219284000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-15174000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-344000
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
108000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-11800000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
562000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1493000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
19000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2400000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3013000
CY2013 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
795000
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-8384000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28445000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1972000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-381000
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5022000
CY2013 us-gaap Adjustment For Amortization
AdjustmentForAmortization
235000
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
635000
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2531000
CY2013 us-gaap Interest Expense
InterestExpense
632000
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
205000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
192000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
14000
CY2013 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-40000
CY2013 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-526000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
76000
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2316000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2297000
CY2013 us-gaap Depreciation
Depreciation
5115000
CY2013 us-gaap Dividends Cash
DividendsCash
7593000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
608000
CY2013 us-gaap Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
1000000
CY2013 us-gaap Deferred Compensation Arrangement With Individual Employer Contribution
DeferredCompensationArrangementWithIndividualEmployerContribution
145000
CY2013 cfi Proceeds From Cash Surrender Value On Terminated Insurance Contract
ProceedsFromCashSurrenderValueOnTerminatedInsuranceContract
716000
CY2013 cfi Deferred Income Tax Expense Benefit Change In Valuation Allowance
DeferredIncomeTaxExpenseBenefitChangeInValuationAllowance
11834000
CY2013 cfi Deferred Tax Liability Withholding Taxes
DeferredTaxLiabilityWithholdingTaxes
22000000
CY2013 cfi Deferred Tax Liability Effect Of Tax Credits
DeferredTaxLiabilityEffectOfTaxCredits
15000000
CY2013 cfi Capital Expenditures
CapitalExpenditures
4457000
CY2013 cfi Effective Income Tax Rate Reconciliation Deferred Tax Liabilities Undistributed Foreign Earnings
EffectiveIncomeTaxRateReconciliationDeferredTaxLiabilitiesUndistributedForeignEarnings
0.346 pure
CY2011Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15000
CY2011Q4 us-gaap Gross Profit
GrossProfit
8646000
CY2013 cfi Deferred Income Tax Expense Benefit Operating Loss Carryforwards
DeferredIncomeTaxExpenseBenefitOperatingLossCarryforwards
3665000
CY2013 cfi Income Tax Expense Benefit Excluding Tax Effect From Exercise Of Stock Option
IncomeTaxExpenseBenefitExcludingTaxEffectFromExerciseOfStockOption
1896000
CY2013 cfi Deferred Income Tax Expense Benefit Undistributed Earnings On Foreign Subsidiaries
DeferredIncomeTaxExpenseBenefitUndistributedEarningsOnForeignSubsidiaries
7011000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13205000 shares
CY2011Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.386 pure
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13061000 shares
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
60270000
CY2011Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1506000
CY2011Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
129000
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2965000
CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-65000
CY2011Q3 us-gaap Gross Profit
GrossProfit
8878000
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3121000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
1820000
CY2011Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
51392000
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5757000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1145000
CY2011Q3 us-gaap Interest Expense
InterestExpense
220000
CY2011Q3 us-gaap Depreciation
Depreciation
1187000
CY2011Q3 cfi Operating Margin Percent
OperatingMarginPercent
0.052 pure
CY2011Q3 cfi Gross Margin
GrossMargin
0.147 pure
CY2011Q3 cfi Book Value Per Share
BookValuePerShare
6.17
CY2011Q3 cfi High Stock Price Per Share
HighStockPricePerShare
10.78
CY2011Q3 cfi Low Stock Price Per Share
LowStockPricePerShare
7.30
CY2011Q3 cfi Net Income Margin
NetIncomeMargin
0.030 pure
CY2011Q3 cfi Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
8.6 pure
CY2011Q3 cfi Inventory Turnover
InventoryTurnover
6.0 pure
CY2011Q3 cfi Days Sales In Receivables
DaysSalesInReceivables
P26D
CY2011Q3 cfi Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
72.6 shares
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12871000 shares
CY2011Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.184 pure
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12733000 shares
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
58013000
CY2011Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5720000
CY2011Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1019000
CY2011Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
110000
CY2011Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2863000
CY2011Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3389000
CY2012Q1 cfi Days Sales In Receivables
DaysSalesInReceivables
P31D
CY2012Q1 cfi Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
10.2 shares
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
6252000
CY2011Q4 us-gaap Cost Of Goods Sold
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49367000
CY2011Q4 us-gaap Interest Expense
InterestExpense
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CY2011Q4 us-gaap Depreciation
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1200000
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OperatingMarginPercent
0.050 pure
CY2011Q4 cfi Gross Margin
GrossMargin
0.149 pure
CY2011Q4 cfi Book Value Per Share
BookValuePerShare
6.59
CY2011Q4 cfi High Stock Price Per Share
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7.05
CY2011Q4 cfi Net Income Margin
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0.108 pure
CY2011Q4 cfi Operating Working Capital Turnover
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8.7 pure
CY2011Q4 cfi Inventory Turnover
InventoryTurnover
6.0 pure
CY2011Q4 cfi Days Sales In Receivables
DaysSalesInReceivables
P25D
CY2011Q4 cfi Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
26.7 shares
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
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0.14
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CY2012Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.374 pure
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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12536000 shares
CY2012Q1 us-gaap Sales Revenue Net
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60450000
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1068000
CY2012Q1 us-gaap Investment Income Interest
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148000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1802000
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51939000
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CY2012Q1 us-gaap Interest Expense
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0.050 pure
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0.141 pure
CY2012Q1 cfi Book Value Per Share
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6.73
CY2012Q1 cfi High Stock Price Per Share
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CY2012Q1 cfi Net Income Margin
NetIncomeMargin
0.030 pure
CY2012Q1 cfi Operating Working Capital Turnover
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8.7 pure
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6.2 pure
CY2012Q3 us-gaap Income Tax Expense Benefit
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1848000
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InterestExpense
190000
CY2012Q3 us-gaap Depreciation
Depreciation
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CY2012Q3 us-gaap Earnings Per Share Diluted
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CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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12711000 shares
CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.344 pure
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12551000 shares
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69184000
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CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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5372000
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105000
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4523000
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0.190 pure
CY2012Q3 cfi Book Value Per Share
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7.26
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11.99
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CY2012Q3 cfi Net Income Margin
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CY2012Q3 cfi Operating Working Capital Turnover
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8.5 pure
CY2012Q3 cfi Inventory Turnover
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5.2 pure
CY2012Q3 cfi Days Sales In Receivables
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CY2012Q3 cfi Daily Average Trading Volume Shares
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38.6 shares
CY2012Q4 us-gaap Earnings Per Share Basic
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0.68
CY2012Q4 us-gaap Earnings Per Share Diluted
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CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q4 us-gaap Effective Income Tax Rate Continuing Operations
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CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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12191000 shares
CY2012Q4 us-gaap Sales Revenue Net
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65560000
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CY2012Q4 us-gaap Investment Income Interest
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CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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4532000
CY2012Q4 us-gaap Other Nonoperating Income Expense
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CY2012Q4 us-gaap Net Income Loss
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CY2012Q4 us-gaap Cost Of Goods Sold
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CY2012Q4 us-gaap Interest Expense
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CY2012Q4 us-gaap Depreciation
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1285000
CY2012Q4 cfi Operating Margin Percent
OperatingMarginPercent
0.071 pure
CY2012Q4 cfi Income Tax Expense Benefit From Change In Treatment Of Undistributed Earnings
IncomeTaxExpenseBenefitFromChangeInTreatmentOfUndistributedEarnings
6600000
CY2012Q4 cfi Gross Margin
GrossMargin
0.181 pure
CY2012Q4 cfi Book Value Per Share
BookValuePerShare
7.81
CY2012Q4 cfi High Stock Price Per Share
HighStockPricePerShare
12.35
CY2012Q4 cfi Low Stock Price Per Share
LowStockPricePerShare
9.75
CY2012Q4 cfi Net Income Margin
NetIncomeMargin
0.126 pure
CY2012Q4 cfi Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
8.3 pure
CY2012Q4 cfi Inventory Turnover
InventoryTurnover
5.5 pure
CY2012Q4 cfi Days Sales In Receivables
DaysSalesInReceivables
P29D
CY2012Q4 cfi Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
29.9 shares
CY2013Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
52010000
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6822000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000
CY2013Q1 us-gaap Interest Expense
InterestExpense
145000
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12290000 shares
CY2013Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.376 pure
CY2013Q1 cfi Book Value Per Share
BookValuePerShare
7.52
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12095000 shares
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
63695000
CY2013Q1 cfi Operating Margin Percent
OperatingMarginPercent
0.076 pure
CY2013Q1 cfi Gross Margin
GrossMargin
0.183 pure
CY2013Q1 us-gaap Depreciation
Depreciation
1279000
CY2013Q1 cfi High Stock Price Per Share
HighStockPricePerShare
16.82
CY2013Q1 cfi Low Stock Price Per Share
LowStockPricePerShare
12.00
CY2013Q1 cfi Net Income Margin
NetIncomeMargin
0.044 pure
CY2013Q1 cfi Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
7.9 pure
CY2013Q1 cfi Inventory Turnover
InventoryTurnover
5.3 pure
CY2013Q1 cfi Days Sales In Receivables
DaysSalesInReceivables
P32D
CY2013Q1 cfi Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
43.4 shares
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12695000 shares
CY2012Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.377 pure
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12513000 shares
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
75711000
CY2012Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2326000
CY2012Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
121000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5494000
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-104000
CY2012Q2 us-gaap Gross Profit
GrossProfit
13698000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5667000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
3423000
CY2012Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
62013000
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8031000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2071000
CY2012Q2 us-gaap Interest Expense
InterestExpense
190000
CY2012Q2 us-gaap Depreciation
Depreciation
1264000
CY2012Q2 cfi Operating Margin Percent
OperatingMarginPercent
0.075 pure
CY2012Q2 cfi Gross Margin
GrossMargin
0.181 pure
CY2012Q2 cfi Book Value Per Share
BookValuePerShare
7.00
CY2012Q2 cfi High Stock Price Per Share
HighStockPricePerShare
11.81
CY2012Q2 cfi Low Stock Price Per Share
LowStockPricePerShare
8.90
CY2012Q2 cfi Net Income Margin
NetIncomeMargin
0.045 pure
CY2012Q2 cfi Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
8.9 pure
CY2012Q2 cfi Inventory Turnover
InventoryTurnover
7.5 pure
CY2012Q2 cfi Days Sales In Receivables
DaysSalesInReceivables
P29D
CY2012Q2 cfi Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
12.1 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12323000 shares
CY2013Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.369 pure
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12102000 shares
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
70375000
CY2013Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1863000
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
90000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5863000
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-163000
CY2013Q2 us-gaap Gross Profit
GrossProfit
12848000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6076000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
3702000
CY2013Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
57527000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6772000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2161000
CY2013Q2 us-gaap Interest Expense
InterestExpense
140000
CY2013Q2 us-gaap Depreciation
Depreciation
1297000
CY2013Q2 cfi Operating Margin Percent
OperatingMarginPercent
0.086 pure
CY2013Q2 cfi Gross Margin
GrossMargin
0.183 pure
CY2013Q2 cfi Book Value Per Share
BookValuePerShare
7.82
CY2013Q2 cfi High Stock Price Per Share
HighStockPricePerShare
18.15
CY2013Q2 cfi Low Stock Price Per Share
LowStockPricePerShare
14.76
CY2013Q2 cfi Net Income Margin
NetIncomeMargin
0.053 pure
CY2013Q2 cfi Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
7.4 pure
CY2013Q2 cfi Inventory Turnover
InventoryTurnover
6.0 pure
CY2013Q2 cfi Days Sales In Receivables
DaysSalesInReceivables
P30D
CY2013Q2 cfi Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
51.9 shares

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