Earnings (Loss) per Share (Tables)

9 Months Ended

Sep. 29, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings (Loss) per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share:

	Quarter Ended						Nine Months Ended
(Dollars and shares in thousands, except per share amounts)	September 29,			September 30,			September 29,			September 30,
	2019			2018			2019			2018
Numerator:
Income (loss) from continuing operations, net of tax	$	837		$	(515	)	$	6,970		$	3,404
Loss from discontinued operations, net		(66	)		(118	)		(183	)		(339	)
Net income (loss)	$	771		$	(633	)	$	6,787		$	3,065
Denominator:
Weighted average shares (denominator for basic earnings (loss) per share)		14,695			14,695			14,695			14,695
Effect of dilutive securities		113			-			51			224
Adjusted weighted average shares and assumed conversions      (denominator for diluted earnings (loss) per share)		14,808			14,695			14,746			14,919
Basic earnings (loss) per share:
Income (loss) from continuing operations, net of tax	$	0.06		$	(0.04	)	$	0.47		$	0.23
Loss from discontinued operations, net		(0.00	)		(0.01	)		(0.01	)		(0.02	)
Basic earnings (loss) per share	$	0.05		$	(0.04	)	$	0.46		$	0.21
Diluted earnings (loss) per share:
Income (loss) from continuing operations, net of tax	$	0.06		$	(0.04	)	$	0.47		$	0.23
Loss from discontinued operations, net		(0.00	)		(0.01	)		(0.01	)		(0.02	)
Diluted earnings (loss) per share	$	0.05		$	(0.04	)	$	0.46		$	0.21
Note:  Per share amounts may not sum due to rounding.