MISCOR GROUP, LTD.

CIK:0001295503|SEC Filings

INCOME PER SHARE (Computation of Basic and Diluted Earnings Per Common Share) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Income Per Share [Abstract]
Net income	$ 391	$ 754	$ 268	$ 1,569
Weighted-average common shares outstanding (basic) (in Shares)	11,684,800	11,785,826	11,684,395	11,785,826
Effect of dilutive securities from equity awards (in Shares)	90,265	391,197	90,670	381,197
Weighted-average common shares outstanding (diluted) (in Shares)	11,775,065	12,177,023	11,775,065	12,167,023
Basic earnings per share (in Dollars per Share)	$ 0.03	$ 0.06	$ 0.02	$ 0.13
Diluted earnings per share (in Dollars per Share)	$ 0.03	$ 0.06	$ 0.02	$ 0.13

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
OPERATING ACTIVITIES
Net income (loss)	$ 268	$ 1,569
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	807	813
Bad debt provision (recovery)	0	(11)
Loss on sale of equipment	22	13
Changes in operating assets and liabilities:
Accounts receivable	930	(266)
Inventories	(426)	215
Other current assets	69	300
Deposits and other non-current assets	0	16
Accounts payable	(17)	(651)
Accrued expenses and other current liabilities	142	(365)
Net cash provided by operating activities	1,795	1,633
INVESTING ACTIVITIES
Acquisition of property and equipment	(351)	(271)
Proceeds from disposal of property and equipment	0	14
Net cash utilized by investing activities	(351)	(257)
FINANCING ACTIVITIES
Payments on capital lease obligations	(918)	(16)
Short-term debt payments	(236)	(249)
Repayments of long-term debt	(290)	(1,111)
Net cash utilized by financing activities	(1,444)	(1,376)
CHANGE IN CASH	0	0
Cash, beginning of period	0	0
Cash, end of period	0	0
Cash paid during the period for:
Interest	$ 133	$ 349

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Accounts receivable, net of allowance for doubtful accounts of $17 and $9, respectively	$ 5,596	$ 6,526
Inventories	6,193	5,767
Other current assets	853	922
Total current assets	12,642	13,215
PROPERTY AND EQUIPMENT, net	4,667	4,935
Finite Lived Intangible Assets [Line Items]
Intangible assets	6,076	6,286
Deferred income taxes	1,942	1,942
Deposits and other assets	67	67
Total other assets	8,085	8,295
Total assets	25,394	26,445
CURRENT LIABILITIES
Revolving credit line	3,486	3,722
Current portion of long-term debt	538	1,478
Accounts payable	3,319	3,336
Accrued expenses and other current liabilities	1,435	1,293
Total current liabilities	8,778	9,829
LONG-TERM LIABILITIES
Long-term debt, less current portion	1,761	2,029
Total long-term liabilities	1,761	2,029
Total liabilities	10,539	11,858
STOCKHOLDERS' EQUITY
Preferred stock, no par value; 800,000 shares authorized; no shares issued and outstanding	0	0
Common stock, no par value; 30,000,000 shares authorized; 11,807,826 shares issued and 11,684,987 shares outstanding	59,346	59,346
Treasury stock, 123,839 shares, at cost	(74)	(74)
Accumulated deficit	(44,417)	(44,685)
Total stockholders' equity	14,855	14,587
Total liabilities and stockholders' equity	25,394	26,445
Customer Relationships, net [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets	5,571	5,764
Technical Library, net [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 505	$ 522