Langer Inc.

(NASDAQ:GAIT)

View:
Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	6,675	650	2,123	2,422
Restricted Cash	—	1,000	1,000	1,000
Marketable Securities	—	—	—	—
Accounts Receivable	6,178	7,172	9,801	8,764
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	6,178	7,172	9,801	8,764
Raw Materials	4,751	4,233	4,270	4,267
Work in Progress	371	369	583	553
Purchased Components	—	—	—	—
Finished Goods	3,181	3,278	3,729	3,423
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	-752	-1,422	-1,652	-1,562
Inventories	7,551	6,459	6,930	6,680
Prepaid Expenses	1,392	1,334	1,226	1,156
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	5,813	2,363	—	1,502
Total Current Assets	27,610	18,978	21,080	21,525
Land and Improvements	—	—	—	—
Building and Improvements	—	—	—	5,148
Machinery Furniture and Equipment	—	—	—	19,203
Construction in Progress	—	—	—	—
Other Fixed Assets	19,443	21,471	23,579	—
Total Fixed Assets	19,443	21,471	23,579	24,351
Gross Fixed Assets	19,443	21,471	23,579	24,351
Accumulated Depreciation and Depletion	9,758	9,758	9,758	9,758
Net Fixed Assets	9,685	11,712	13,821	14,593
Intangibles	12,767	13,420	14,118	14,458
Cost in Excess	19,198	19,870	21,956	21,956
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	1,030	1,137	1,289	1,159
Total Non Current Assets	42,680	46,139	51,184	52,165
Total Assets	70,290	65,118	72,263	73,691
Liabilities
Current Liabilities
Accounts Payable	3,375	2,701	4,307	3,149
Notes Payable	—	—	—	36
Short Term Debt	4,500	—	—	—
Accrued Expenses	—	—	—	—
Accrued Liabilities	—	—	—	2,955
Deferred Revenues	—	303	320	336
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	4,651	3,046	4,149	1,096
Total Current Liabilities	12,525	6,050	8,776	7,572
Non Current Liabilities
Long Term Debt	28,557	28,534	28,615	28,603
Capital Lease Obligations	2,700	2,700	2,700	2,700
Deferred Income Tax Liabilities	1,958	1,716	1,809	1,802
Other Non Current Liabilities	—	146	1,110	1,127
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	45,740	39,146	43,010	41,803
Total Liabilities	33,215	33,096	34,234	34,231
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	24,549	25,972	29,253	31,888
Common Par	232	232	232	232
Additional Paid in Capital	53,937	53,877	53,837	53,800
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-28,757	-27,362	-24,565	-22,713
Treasury Stock	-1,476	-1,473	-943	-197
Other Equity Adjustments	614	698	692	765
Total Capitalization	53,106	54,506	57,868	60,490
Cash Flow	-3,330	-2,324	-508	6
Working Capital	15,085	12,928	12,304	13,953
Free Cash Flow	841	-407	-387	-25,709
Invested Capital	55,806	57,206	60,568	63,190
Total Equity	24,549	25,972	29,253	31,888
Total Liabilities and Stock Equity	70,290	65,118	72,263	73,691

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	2,422	29,767	18,829	3,910
Restricted Cash	1,000	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	8,764	4,602	5,182	7,056
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	8,764	4,602	5,182	7,056
Raw Materials	4,267	2,318	2,648	2,622
Work in Progress	553	174	265	467
Purchased Components	—	—	—	—
Finished Goods	3,423	1,668	1,774	2,126
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	-1,562	-885	-564	-369
Inventories	6,680	3,275	4,123	4,846
Prepaid Expenses	1,156	891	820	1,388
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	1,502	—	—	—
Total Current Assets	21,525	38,535	28,954	17,199
Land and Improvements	—	2,558	2,558	2,542
Building and Improvements	5,148	2,433	897	784
Machinery Furniture and Equipment	19,203	8,382	7,454	6,744
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	—	—
Total Fixed Assets	24,351	13,373	10,909	10,070
Gross Fixed Assets	24,351	13,373	10,909	10,070
Accumulated Depreciation and Depletion	9,758	5,127	3,874	2,889
Net Fixed Assets	14,593	8,245	7,035	7,181
Intangibles	14,458	5,961	20,723	22,664
Cost in Excess	21,956	14,119	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	1,159	1,989	460	762
Total Non Current Assets	52,165	30,314	28,218	30,607
Total Assets	73,691	68,849	57,172	47,807
Liabilities
Current Liabilities
Accounts Payable	3,149	1,243	1,070	1,140
Notes Payable	36	33	—	7,986
Short Term Debt	—	—	14,439	—
Accrued Expenses	—	—	—	—
Accrued Liabilities	2,955	2,113	—	—
Deferred Revenues	336	574	566	671
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	1,096	1,261	3,675	6,015
Total Current Liabilities	7,572	5,223	19,750	15,812
Non Current Liabilities
Long Term Debt	28,603	29,032	—	22,147
Capital Lease Obligations	2,700	2,700	2,700	2,700
Deferred Income Tax Liabilities	1,802	1,659	1,325	1,640
Other Non Current Liabilities	1,127	1,218	217	293
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	41,803	39,833	23,992	42,592
Total Liabilities	34,231	34,609	4,242	26,780
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	31,888	29,017	33,181	5,215
Common Par	232	203	200	90
Additional Paid in Capital	53,800	46,952	46,722	14,442
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-22,713	-18,195	-13,342	-8,784
Treasury Stock	-197	-197	-197	-115
Other Equity Adjustments	765	254	-203	-417
Total Capitalization	60,490	58,049	33,181	27,362
Cash Flow	6	-2,918	-1,226	1,608
Working Capital	13,953	33,312	9,204	1,387
Free Cash Flow	-25,709	-1,866	1,600	-6,346
Invested Capital	63,190	60,749	35,881	30,062
Total Equity	31,888	29,017	33,181	5,215
Total Liabilities and Stock Equity	73,691	68,849	57,172	47,807