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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 124,813 $ 149,167 $ 364,114 $ 397,319
Cost of sales 96,225 113,912 274,258 311,419
Gross profit 28,588 35,255 89,856 85,900
Operating expenses:        
Selling, general and administrative expenses 12,888 10,686 37,398 33,817
Research and development expenses 12,477 10,233 34,094 34,049
Other charges     554  
Total operating expenses 25,365 20,919 72,046 67,866
Operating income 3,223 14,336 17,810 18,034
Interest expense (5,485) (5,539) (16,522) (16,615)
Foreign currency gain (loss), net 8,864 (21,985) (13,638) (44,166)
Loss on early extinguishment of long-term borrowings, net       (42)
Other income, net 714 678 2,343 1,816
Income (loss) from continuing operations before income tax expense 7,316 (12,510) (10,007) (40,973)
Income tax expenses (benefits) (1,145) 1,734 836 3,316
Income (loss) from continuing operations 8,461 (14,244) (10,843) (44,289)
Income (loss) from discontinued operations, net of tax 264,501 12,637 289,227 (963)
Net income (loss) $ 272,962 $ (1,607) $ 278,384 $ (45,252)
Basic earnings (loss) per common share—        
Continuing operations $ 0.24 $ (0.41) $ (0.31) $ (1.29)
Discontinued operations 7.50 0.36 8.24 (0.03)
Total 7.74 (0.05) 7.93 (1.32)
Diluted earnings (loss) per common share—        
Continuing operations 0.21 (0.41) (0.31) (1.29)
Discontinued operations 5.68 0.36 8.24 (0.03)
Total $ 5.89 $ (0.05) $ 7.93 $ (1.32)
Weighted average number of shares—        
Basic 35,280,864 34,357,745 35,089,479 34,266,513
Diluted 46,581,788 34,357,745 35,089,479 34,266,513
Standard Products Group [Member]        
Net sales $ 116,262 $ 139,273 $ 335,953 $ 371,543
Cost of sales 87,494 104,018 245,917 285,643
Gross profit 28,768 35,255 90,036 85,900
Fab Three Foundry Services [Member]        
Net sales 8,551 9,894 28,161 25,776
Cost of sales 8,731 $ 9,894 28,341 $ 25,776
Gross profit