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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
NET SALES $ 101,562 $ 102,650 $ 306,858 $ 307,378
Cost of sales 79,675 77,793 238,247 228,934
GROSS PROFIT 21,887 24,857 68,611 78,444
Selling and administrative expenses 23,033 24,049 69,954 73,802
Other operating (income) expense, net (845) 46 421 84
Facility consolidation and severance expenses, net 529 0 936 0
Impairment of assets 349 0 349 0
OPERATING (LOSS) INCOME (1,179) 762 (3,049) 4,558
Interest expense 1,664 1,486 4,840 4,205
Other (income) expense, net (3) 4 0 22
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES (2,840) (728) (7,889) 331
Income tax provision (benefit) 82 (181) (110) 227
INCOME (LOSS) FROM CONTINUING OPERATIONS (2,922) (547) (7,779) 104
Income (loss) from discontinued operations, net of tax (40) (11) 94 (163)
NET LOSS $ (2,962) $ (558) $ (7,685) $ (59)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.19) $ (0.03) $ (0.49) $ 0.00
Discontinued operations 0.00 0.00 0.01 (0.01)
Net loss $ (0.19) $ (0.03) $ (0.48) $ (0.01)
BASIC SHARES OUTSTANDING [1] 15,786 15,707 15,754 15,696
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.19) $ (0.03) $ (0.49) $ 0.00
Discontinued operations 0.00 0.00 0.01 (0.01)
Net loss $ (0.19) $ (0.03) $ (0.48) $ (0.01)
DILUTED SHARES OUTSTANDING [1],[2] 15,786 15,707 15,754 15,814
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 673 thousand unvested participating securities
[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 29, 2018 were 426 thousand and for the three and nine months ended September 30, 2017 were 448 thousand and 307 thousand, respectively.