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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
NET SALES $ 374,582 $ 405,033 $ 412,462
Cost of sales 288,377 318,042 311,249
GROSS PROFIT 86,205 86,991 101,213
Selling and administrative expenses 83,825 92,473 96,189
Other operating (income) expense, net (23,988) 458 441
Facility consolidation and severance expenses, net 5,019 3,167 636
Impairment of assets 0 6,709 0
OPERATING INCOME (LOSS) 21,349 (15,816) 3,947
Interest expense 6,444 6,491 5,739
Other (income) expense, net (57) 3 21
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 14,962 (22,310) (1,813)
Income tax provision (benefit) (657) (831) 7,509
INCOME (LOSS) FROM CONTINUING OPERATIONS 15,619 (21,479) (9,322)
Income (loss) from discontinued operations, net of tax (348) 95 (233)
NET INCOME (LOSS) $ 15,271 $ (21,384) $ (9,555)
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations $ 0.96 $ (1.36) $ (0.59)
Discontinued operations (0.02) 0.01 (0.01)
Net income (loss) $ 0.94 $ (1.35) $ (0.60)
BASIC SHARES OUTSTANDING [1] 15,822 15,764 15,699
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations $ 0.95 $ (1.36) $ (0.59)
Discontinued operations (0.02) 0.01 (0.01)
Net income (loss) $ 0.93 $ (1.35) $ (0.60)
DILUTED SHARES OUTSTANDING [1],[2] 15,926 15,764 15,699
DIVIDENDS PER SHARE:      
Common Stock $ 0.00 $ 0.00 $ 0.00
Class B Common Stock $ 0.00 $ 0.00 $ 0.00
[1] Includes Common and Class B Common shares, excluding 461, 570, and 434 unvested participating securities, in thousands, for 2019, 2018, and 2017, respectively.
[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 were 166 in 2019, 422 in 2018 and 448 in 2017.