Attached files

file filename
EX-32.1 - EXHIBIT 32.1 - CHROMCRAFT REVINGTON INCex32_1.htm
EX-10.1 - EXHIBIT 10.1 - CHROMCRAFT REVINGTON INCex10_1.htm
EX-31.1 - EXHIBIT 31.1 - CHROMCRAFT REVINGTON INCex31_1.htm
EX-31.2 - EXHIBIT 31.2 - CHROMCRAFT REVINGTON INCex31_2.htm
EX-10.91 - EXHIBIT 10.91 - CHROMCRAFT REVINGTON INCex10_91.htm
EX-10.58 - EXHIBIT 10.58 - CHROMCRAFT REVINGTON INCex10_58.htm
EX-10.92 - EXHIBIT 10.92 - CHROMCRAFT REVINGTON INCex10_92.htm
EXCEL - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCFinancial_Report.xls
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR5.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR1.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR7.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR9.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR3.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR6.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR8.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR4.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR2.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR22.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR30.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR12.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR20.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR16.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR10.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR25.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR13.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR15.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR18.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR21.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR26.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR27.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR17.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR33.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR32.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR29.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR31.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR24.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR11.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR28.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR19.htm
10-Q - CHROMCRAFT REVINGTON, INC 10-Q 9-29-2012 - CHROMCRAFT REVINGTON INCform10q.htm
XML - IDEA: XBRL DOCUMENT - CHROMCRAFT REVINGTON INCR23.htm
EX-10.97 - EXHIBIT 10.97 - CHROMCRAFT REVINGTON INCex10_97.htm
v2.4.0.6
Employee Stock Ownership Plan
9 Months Ended
Sep. 29, 2012
Employee Stock Ownership Plan [Abstract]  
Employee Stock Ownership Plan
Note 8.  Employee Stock Ownership Plan

Chromcraft Revington sponsors the Employee Stock Ownership and Savings Plan (the "Plan") which consists of the following two components:  (i) a leveraged employee stock ownership plan qualified under Section 401(a) of the Internal Revenue Code (the "Code") which is designed to invest primarily in Company stock (the "ESOP"); and (ii) a qualified cash or deferred arrangement under Code Section 401(k) (the "401(k) Plan").  The Plan covers substantially all employees who have completed six months of service with the Company.  The Company matching contribution with respect to participants' pre-tax contributions to the 401(k) Plan for the 2011 plan year was made to the ESOP.  The Company matching contribution with respect to participants' pre-tax contributions to the 401(k) Plan for the 2012 plan year is expected to be made to the ESOP.

When the ESOP was established, Chromcraft Revington loaned $20,000 to the ESOP Trust to finance the ESOP's purchase of common stock of the Company.  The loan to the ESOP Trust provides for repayment to Chromcraft Revington over a 30-year term at a fixed rate of interest of 5.48% per annum.  Chromcraft Revington makes annual contributions to the ESOP Trust equal to the ESOP Trust's repayment obligation under the loan to the ESOP from the Company.  The unallocated shares of Company common stock owned by the ESOP Trust are pledged to the Company as collateral for the Company's loan to the ESOP Trust.  As the ESOP loan is repaid, shares are released from collateral and allocated to ESOP accounts of active employees based on the proportion of total debt service paid in the year.  Unearned ESOP shares are reported as a reduction of stockholders' equity as reflected in the Consolidated Statement of Stockholders' Equity of the Company.  As shares are committed to be released, Chromcraft Revington reports compensation expense equal to the current market price of the shares, and the shares become outstanding for earnings per share computations.  ESOP compensation expense for the three and nine months ended September 29, 2012 was $33 and $106, respectively, compared to $48 and $122, respectively, for the prior year periods.

ESOP shares at September 29, 2012 and December 31, 2011, respectively, consisted of the following:

   
September 29,
  
December 31,
 
   
2012
  
2011
 
Allocated ESOP shares
  401,624   301,357 
Unearned ESOP shares
  1,281,795   1,332,546 
Total ESOP shares
  1,683,419   1,633,903 
Unearned ESOP shares, at cost
 $12,818  $13,325 
Fair value of unearned ESOP shares
 $974  $1,452