XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
NET SALES $ 89,294 $ 70,035 $ 252,022 $ 175,354
Cost of sales 64,365 52,910 187,657 137,585
GROSS PROFIT 24,929 17,125 64,365 37,769
Selling and administrative expenses 18,132 15,247 50,828 42,274
Other operating income, net (131) (172) (96) (163)
Facility consolidation and severance expenses, net 88 515 183 1,785
OPERATING INCOME (LOSS) 6,840 1,535 13,450 (6,127)
Interest expense 1,179 1,561 3,750 4,204
Other expense, net 2 92 1 85
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 5,659 (118) 9,699 (10,416)
Income tax provision (benefit) 62 (293) 597 (748)
INCOME (LOSS) FROM CONTINUING OPERATIONS, net of tax 5,597 175 9,102 (9,668)
Income (loss) from discontinued operations, net of tax 836 685 (1,348) 778
NET INCOME (LOSS) $ 6,433 $ 860 $ 7,754 $ (8,890)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.35 $ 0.01 $ 0.58 $ (0.63)
Discontinued operations 0.05 0.04 (0.09) 0.05
Net income (loss) $ 0.40 $ 0.05 $ 0.49 $ (0.58)
BASIC SHARES OUTSTANDING [1] 15,123 15,334 15,109 15,340
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.35 $ 0.01 $ 0.58 $ (0.63)
Discontinued operations 0.05 0.04 (0.09) 0.05
Net income (loss) $ 0.40 $ 0.05 $ 0.49 $ (0.58)
DILUTED SHARES OUTSTANDING [1],[2] 15,253 15,454 15,239 15,340
DIVIDENDS PER SHARE:        
Common Stock $ 0 $ 0 $ 0 $ 0
Class B Common Stock $ 0 $ 0 $ 0 $ 0
[1] Includes Common and Class B Common shares, excluding unvested participating securities of 671 thousand as of September 25, 2021 and 480 thousand as of September 26, 2020.
[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 25, 2021 were 177 thousand and for the three and nine months ended September 26, 2020 were 166 thousand and 296 thousand, respectively.