XML 34 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
BUSINESS ACQUISITIONS (Tables)
 6 Months Ended
Jul. 01, 2016
BUSINESS ACQUISITIONS [Abstract]  
Business Acquisition, Pro Forma Information
The accompanying Condensed Consolidated Statements of Income for the three and six months ended June 26, 2015 do not include any revenues or expenses related to the acquisition prior to the closing date. The following unaudited pro forma condensed consolidated financial information is presented as if the Tiffin, Ohio acquisition had occurred at the beginning of the period presented. In addition, this unaudited pro forma financial information is provided for illustrative purposes only and should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisition had actually occurred during those periods, or the results that may be obtained in the future as a result of the acquisition.

  
Three Months Ended
June 26, 2015
  
Six Months Ended
June 26, 2015
 
Net Sales
 
$
32,127
  
$
59,383
 
         
Gross profit
  
5,392
   
10,170
 
         
Net income
  
(780
)
  
(940
)
         
Average common shares outstanding - Basic
  
7,951
   
7,951
 
Dilutive effect of convertible preferred stock
  
-
   
-
 
Average common shares outstanding - Diluted
  
7,951
   
7,951
 
         
Loss per share of common stock - Basic
 
$
(0.10
)
 
$
(0.12
)
Loss per share of common stock - Diluted
 
$
(0.10
)
 
$
(0.12
)