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EXCEL - IDEA: XBRL DOCUMENT - FORTUNE INDUSTRIES, INC.Financial_Report.xls
10-Q - FORM 10-Q - FORTUNE INDUSTRIES, INC.v312854_10q.htm
XML - IDEA: XBRL DOCUMENT - FORTUNE INDUSTRIES, INC.R9.htm
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EX-31.2 - EXHIBIT 31.2 - FORTUNE INDUSTRIES, INC.v312854_ex31-2.htm
EX-32.1 - EXHIBIT 32.1 - FORTUNE INDUSTRIES, INC.v312854_ex32-1.htm
EX-31.1 - EXHIBIT 31.1 - FORTUNE INDUSTRIES, INC.v312854_ex31-1.htm
EX-32.2 - EXHIBIT 32.2 - FORTUNE INDUSTRIES, INC.v312854_ex32-2.htm
v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Jun. 30, 2011
CURRENT ASSETS    
Cash and equivalents $ 6,495 $ 6,036
Restricted cash (Note 1) 2,395 2,394
Accounts receivable, net of allowance for doubtful accounts of $29 and $0 2,924 2,639
Deferred tax asset 1,500 1,500
Prepaid expenses and other current assets 527 866
Total Current Assets 13,841 13,435
OTHER ASSETS    
Property, plant & equipment, net of accumulated depreciation of $1,743 and $1,716 160 245
Deferred tax asset 1,250 1,250
Goodwill 12,379 12,339
Other intangible assets, net of accumulated amortization of $2,507 and $2,203 2,146 2,450
Other long-term assets 79 78
Total Other Assets 16,014 16,362
TOTAL ASSETS 29,855 29,797
CURRENT LIABILITIES    
Current maturities of long-term debt (Note 2) 83 417
Accounts payable 741 497
Workers' compensation reserves 1,016 945
Customer deposits 92 2,511
Accrued expenses 8,254 6,394
Other current liabilities 0 40
Total Current Liabilities 10,186 10,804
LONG-TERM LIABILITIES    
Workers' compensation reserves 580 580
Total Liabilities 10,766 11,384
SHAREHOLDERS' EQUITY (NOTE 5)    
Common stock, $0.10 par value; 150,000,000 authorized; 12,287,290 and 12,270,790 issued and outstanding at March 31, 2012 and June 30, 2011, respectively 1,226 1,224
Series C preferred stock, $0.10 par value; 1,000,000 authorized; 296,180 issued and outstanding at March 31, 2012 and June 30, 2011 27,133 27,133
Treasury stock, at cost, 214,444 shares at March 31, 2012 and June 30, 2011 (809) (809)
Additional paid-in capital and warrants outstanding 20,383 20,376
Accumulated deficit (28,844) (29,511)
Total Shareholders' Equity 19,089 18,413
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 29,855 $ 29,797