Note 20 - Quarterly Consolidated Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Quarterly Financial Information [Text Block]

(20)  QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited)

The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2021. In our opinion, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of results for the full year or for any future period.  

Year-over-year quarterly comparisons of our results of operations may not be as meaningful as the sequential quarterly comparisons set forth below that tend to reflect the cyclical and seasonal activity of the Semi Market. Quarterly fluctuations in expenses are related directly to sales activity and volume and may also reflect the timing of operating expenses incurred throughout the year.

	Quarters Ended
	3/31/21(1)		6/30/21(2)		9/30/21(3)		12/31/21(4)			Total
Revenue	$	19,556	$	21,820	$	21,144	$	22,358		$	84,878
Gross margin		9,521		10,962		10,395		10,346			41,224
Earnings before income tax expense (benefit)		2,578		3,056		2,532		236			8,402
Income tax expense (benefit)		366		447		357		(51	)		1,119
Net earnings (loss)		2,212		2,609		2,175		287			7,283
Net earnings per common share – basic	$	0.21	$	0.25	$	0.21	$	0.03		$	0.70
Weighted average common shares outstanding – basic		10,329,449		10,442,916		10,496,188		10,580,431			10,462,246
Net earnings per common share – diluted	$	0.21	$	0.24	$	0.20	$	0.03		$	0.68
Weighted average common shares outstanding – diluted		10,525,826		10,764,936		10,792,290		10,836,396			10,729,862

	Quarters Ended
	3/31/20(5)			6/30/20(6)		9/30/20(7)			12/31/20(8)			Total
Revenue	$	11,230		$	13,275	$	14,443		$	14,875		$	53,823
Gross margin		4,867			6,067		6,450			6,720			24,104
Earnings (loss) before income tax expense (benefit)		(1,393	)		183		433			(454	)		(1,231	)
Income tax expense (benefit)		(250	)		13		(25	)		(74	)		(336	)
Net earnings (loss)		(1,143	)		170		458			(380	)		(895	)
Net earnings (loss) per common share – basic	$	(0.11	)	$	0.02	$	0.04		$	(0.04	)	$	(0.09	)
Weighted average common shares outstanding – basic		10,220,853			10,252,490		10,269,995			10,282,903			10,256,560
Net earnings (loss) per common share – diluted	$	(0.11	)	$	0.02	$	0.04		$	(0.04	)	$	(0.09	)
Weighted average common shares outstanding – diluted		10,220,853			10,258,917		10,287,562			10,282,903			10,256,560

(1)	The quarter ended March 31, 2021 includes $55 of restructuring and other charges which are discussed in Note 5.
(2)	The quarter ended June 30, 2021 includes $197 of restructuring and other charges which are discussed in Note 5.
(3)	The quarter ended September 30, 2021 includes $51 of restructuring and other charges which are discussed in Note 5.
(4)	The quarter ended December 31, 2021 includes a recovery of $17 of restructuring and other charges which are discussed in Note 5.
(5)	The quarter ended March 31, 2020 includes $8 of restructuring and other charges which are discussed in Note 5.
(6)	The quarter ended June 30, 2020 includes $38 of restructuring and other charges which are discussed in Note 5.
(7)	The quarter ended September 30, 2020 includes $161 of restructuring and other charges which are discussed in Note 5.
(8)	The quarter ended December 31, 2020 includes $1,078 of restructuring and other charges which are discussed in Note 5.