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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
Jul. 01, 2017
Jun. 25, 2016
NET SALES $ 107,187 $ 105,316 $ 204,728 $ 194,550
Cost of sales 78,761 77,074 151,141 146,802
GROSS PROFIT 28,426 28,242 53,587 47,748
Selling and administrative expenses 25,261 24,320 49,742 47,986
Other operating (income) expense, net (14) 118 39 385
Facility consolidation expenses, net 0 401 0 1,814
OPERATING INCOME (LOSS) 3,179 3,403 3,806 (2,437)
Interest expense 1,357 1,333 2,719 2,657
Other expense, net 26 4 29 12
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 1,796 2,066 1,058 (5,106)
Income tax provision (benefit) 570 451 408 (1,964)
INCOME (LOSS) FROM CONTINUING OPERATIONS 1,226 1,615 650 (3,142)
Income (loss) from discontinued operations, net of tax (123) 62 (152) 52
NET INCOME (LOSS) $ 1,103 $ 1,677 $ 498 $ (3,090)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.08 $ 0.10 $ 0.04 $ (0.20)
Discontinued operations (0.01) 0.00 (0.01) 0.00
Net income (loss) $ 0.07 $ 0.10 $ 0.03 $ (0.20)
BASIC SHARES OUTSTANDING [1] 15,707 15,645 15,690 15,623
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.08 $ 0.10 $ 0.04 $ (0.20)
Discontinued operations (0.01) 0.00 (0.01) 0.00
Net income (loss) $ 0.07 $ 0.10 $ 0.03 $ (0.20)
DILUTED SHARES OUTSTANDING [1],[2] 15,826 15,783 15,805 15,623
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, excluding unvested participating securities, 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 July 1, 2017 were 307 and for the three and six months ended June 25, 2016 were 104 and 207, respectively.