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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)

20. Quarterly Results of Operations (Unaudited):

 

 

 

Quarter Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(In thousands, except per share data)

 

 

 

Unaudited

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

95,998

 

 

$

90,446

 

 

$

91,295

 

 

$

87,234

 

Cost of sales

 

 

71,414

 

 

 

66,937

 

 

 

67,211

 

 

 

64,136

 

Gross profit

 

 

24,584

 

 

 

23,509

 

 

 

24,084

 

 

 

23,098

 

Operating loss (2)

 

 

(42,322

)

 

 

(7,505

)

 

 

(2,104

)

 

 

(11,628

)

Net income (loss)

 

 

(19,698

)

 

 

(14,142

)

 

 

14,326

 

 

 

(11,254

)

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (1)

 

$

(0.55

)

 

$

(0.40

)

 

$

0.41

 

 

$

(0.33

)

Diluted (1)

 

$

(0.55

)

 

$

(0.40

)

 

$

0.41

 

 

$

(0.33

)

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

94,317

 

 

$

103,808

 

 

$

108,227

 

 

$

108,454

 

Cost of sales

 

 

69,376

 

 

 

73,867

 

 

 

76,023

 

 

 

75,741

 

Gross profit

 

 

24,941

 

 

 

29,941

 

 

 

32,204

 

 

 

32,713

 

Operating income (loss)

 

 

(5,603

)

 

 

2,120

 

 

 

222

 

 

 

6,064

 

Net income (loss)

 

 

(6,051

)

 

 

1,681

 

 

 

(1,310

)

 

 

7,400

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (1)

 

$

(0.17

)

 

$

0.05

 

 

$

(0.04

)

 

$

0.21

 

Diluted (1)

 

$

(0.17

)

 

$

0.05

 

 

$

(0.04

)

 

$

0.21

 

 

(1)

The sum of the quarterly per share amounts may not equal the annual amount reported, as per share amounts are computed independently for each quarter and for the full year.

(2)

Operating loss for the quarter ending March 31, 2020 included restructuring and other charges and goodwill impairment as discussed in "Restructuring and Other Charges", Note 7 and “Goodwill”, Note 8 of Notes to the Consolidated Financial Statements in Item 8 of Part II, respectively.