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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 24, 2016
Sep. 30, 2017
Sep. 24, 2016
NET SALES $ 102,650 $ 100,297 $ 307,378 $ 294,847
Cost of sales 77,793 74,466 228,934 221,268
GROSS PROFIT 24,857 25,831 78,444 73,579
Selling and administrative expenses 24,044 23,774 73,786 71,760
Other operating expense, net 46 141 84 525
Facility consolidation expenses, net 0 0 0 1,816
OPERATING INCOME (LOSS) 767 1,916 4,574 (522)
Interest expense 1,486 1,312 4,205 3,969
Other expense, net 9 4 38 15
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES (728) 600 331 (4,506)
Income tax provision (benefit) (181) 27 227 (1,937)
INCOME (LOSS) FROM CONTINUING OPERATIONS (547) 573 104 (2,569)
Income (loss) from discontinued operations, net of tax (11) (39) (163) 13
NET INCOME (LOSS) $ (558) $ 534 $ (59) $ (2,556)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.03) $ 0.04 $ 0.00 $ (0.16)
Discontinued operations 0.00 0.00 (0.01) 0.00
Net income (loss) $ (0.03) $ 0.04 $ (0.01) $ (0.16)
BASIC SHARES OUTSTANDING [1] 15,707 15,648 15,696 15,631
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.03) $ 0.04 $ 0.00 $ (0.16)
Discontinued operations 0.00 0.00 (0.01) 0.00
Net income (loss) $ (0.03) $ 0.04 $ (0.01) $ (0.16)
DILUTED SHARES OUTSTANDING [1],[2] 15,707 15,744 15,814 15,631
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 nine months ended September 30, 2017 were 448 and 307, respectively, and for the three and nine months ended September 24, 2016 were 104 and 220, respectively.