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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
NET SALES $ 60,824 $ 100,394 $ 141,401 $ 189,001
Cost of sales 48,580 76,901 110,164 146,589
GROSS PROFIT 12,244 23,493 31,237 42,412
Selling and administrative expenses 16,523 21,114 36,920 42,774
Other operating expense, net 100 80 8 111
Facility consolidation and severance expenses, net 1,246 1,725 1,270 3,816
OPERATING INCOME (LOSS) (5,625) 574 (6,961) (4,289)
Interest expense 1,357 1,717 2,642 3,437
Other expense (income), net (3) 4 (7) (38)
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (6,979) (1,147) (9,596) (7,688)
Income tax (benefit) provision 0 34 (4) 134
LOSS FROM CONTINUING OPERATIONS (6,979) (1,181) (9,592) (7,822)
Loss from discontinued operations, net of tax (81) (35) (157) (66)
NET LOSS $ (7,060) $ (1,216) $ (9,749) $ (7,888)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.46) $ (0.07) $ (0.63) $ (0.49)
Discontinued operations (0.01) 0.00 (0.01) 0.00
Net loss $ (0.47) $ (0.07) $ (0.64) $ (0.49)
BASIC SHARES OUTSTANDING [1] 15,331 15,885 15,344 15,847
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.46) $ (0.07) $ (0.63) $ (0.49)
Discontinued operations (0.01) 0.00 (0.01) 0.00
Net loss $ (0.47) $ (0.07) $ (0.64) $ (0.49)
DILUTED SHARES OUTSTANDING [1],[2] 15,331 15,885 15,344 15,847
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 of 480 thousand as of June 27, 2020 and 476 thousand as of June 29, 2019.
[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 27, 2020 were 296 thousand and for the three and six months ended June 29, 2019 were 383 thousand.