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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 45,172 $ 39,628 $ 118,969 $ 126,785
Cost of sales 42,432 33,413 112,746 102,316
Gross profit 2,740 6,215 6,223 24,469
Selling, general and administrative expenses 3,026 2,557 8,934 7,783
Intangibles amortization 233 233 699 986
Operating (loss) income (519) 3,425 (3,410) 15,700
Interest expense 827 639 1,904 1,187
Other income, net (42) (162) (324) (527)
(Loss) income before income taxes (1,304) 2,948 (4,990) 15,040
Provision for (benefit from) income taxes:        
Current (7,806) (3,670) (19,003) (1,772)
Deferred 5,797 4,405 16,215 6,622
Total provision for (benefit from) income taxes (2,009) 735 (2,788) 4,850
Net (loss) income $ 705 $ 2,213 $ (2,202) $ 10,190
Net (loss) income per common share:        
Basic $ 0.07 $ 0.21 $ (0.21) $ 0.99
Diluted $ 0.07 $ 0.21 $ (0.21) $ 0.98
Weighted average common shares used in calculating net income (loss) per common share:        
Basic 10,429,091 10,296,891 10,366,373 10,282,841
Diluted 10,429,091 10,367,660 10,366,373 10,351,415
Cash dividends declared per share $ 0 $ 0.35 $ 0.35 $ 1.05