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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
Jun. 25, 2016
Jun. 27, 2015
NET SALES $ 105,316 $ 109,957 $ 194,550 $ 205,812
Cost of sales 77,074 80,651 146,802 153,167
GROSS PROFIT 28,242 29,306 47,748 52,645
Selling and administrative expenses 24,320 26,191 47,986 50,948
Other operating expense, net 118 63 385 553
Facility consolidation expenses 401 875 1,814 1,650
OPERATING INCOME (LOSS) 3,403 2,177 (2,437) (506)
Interest expense 1,333 1,222 2,657 2,400
Other expense, net 4 31 12 41
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 2,066 924 (5,106) (2,947)
Income tax provision (benefit) 451 408 (1,964) (1,083)
INCOME (LOSS) FROM CONTINUING OPERATIONS 1,615 516 (3,142) (1,864)
Income (loss) from discontinued operations, net of tax 62 (12) 52 (100)
NET INCOME (LOSS) $ 1,677 $ 504 $ (3,090) $ (1,964)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.10 $ 0.03 $ (0.20) $ (0.12)
Discontinued operations 0.00 0.00 0.00 (0.01)
Net income (loss) $ 0.10 $ 0.03 $ (0.20) $ (0.13)
BASIC SHARES OUTSTANDING [1] 15,645 15,546 15,623 15,490
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.10 $ 0.03 $ (0.20) $ (0.12)
Discontinued operations 0.00 0.00 0.00 (0.01)
Net income (loss) $ 0.10 $ 0.03 $ (0.20) $ (0.13)
DILUTED SHARES OUTSTANDING [1],[2] 15,783 15,656 15,623 15,490
DIVIDENDS PER SHARE:        
Common Stock $ 0.00 $ 0.00 $ 0.00 $ 0.00
Class B Common Stock $ 0.00 $ 0.00 $ 0.00 $ 0.00
[1] Includes Common and Class B Common shares, in thousands.
[2] Shares issuable under stock option plans where the exercise price is greater than the average market price of the Company's Common Stock during the relevant period and directors' stock performance units have been excluded to the extent they are anti-dilutive. Aggregate shares excluded for the three and six months ended June 25, 2016 were 104 and 207, respectively, and for the three and six months ended June 27, 2015 were 236 and 352, respectively.