XML 81 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statement of Comprehensive Income (Loss) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net Sales $ 218,440,000 $ 223,419,000
Cost of products sold 155,452,000 161,964,000
Gross Profit 62,988,000 61,455,000
Selling, general and administrative expenses 61,738,000 65,241,000
Gain on sale of business 9,590,000 0
Charges related to restructuring activities 1,392,000 692,000
Operating Income (Loss) 9,448,000 (4,478,000)
Net loss on convertible debt derivatives 0 273,000
Interest expense 6,676,000 7,314,000
Interest Income, Other 60,000 129,000
Earnings (Loss) Before Income Taxes 2,832,000 (11,936,000)
Income tax provision 2,100,000 1,950,000
Net Earnings (Loss) $ 732,000 $ (13,886,000)
Dividends Declared per Common Share $ 0.0125 $ 0.0125
Net Earnings (Loss) per Share—Basic    
Net Earnings (Loss) per Share—Basic $ 0.02 $ (0.42)
Weighted Average Shares Outstanding—Basic 33,784 33,304
Net Earnings (Loss) per Share—Assuming Dilution    
Net Earnings (Loss) per Share—Assuming Dilution [1] $ 0.02 $ (0.42)
Weighted Average Shares Outstanding—Assuming Dilution 33,853 33,317
Other comprehensive income (loss):    
Foreign currency translation adjustments $ (4,194,000) $ 5,102,000
Defined Benefit Plans:    
Amortization of prior service costs and unrecognized(losses) gains (169,000) 26,000
Deferred tax adjustment resulting from defined benefit plan activity 18,000 (6,000)
Valuation reserve associated with defined benefit plan activity (18,000) 6,000
Current period (gain) loss on cash flow hedges (142,000) (509,000)
Deferred tax loss (benefit) related to (gain) loss on cash flow hedges 0 21,000
Other Comprehensive Loss (4,505,000) 4,640,000
Comprehensive Loss $ (3,773,000) $ (9,246,000)
Net Sales, as a Percent of Net Sales 100.00% 100.00%
Cost of Products Sold, as a Percent of Net Sales 71.20% 72.50%
Gross Profit, as a Percent of Net Sales 28.80% 27.50%
Selling, general and administrative expenses, as a Percent of Net Sales 28.30% 29.20%
Gain on sale of business, as a Percent of Net Sales (4.40%) 0.00%
Charges related to restructuring activities, as a Percent of Net Sales 0.60% 0.30%
Operating Gain (Loss), as a Percent of Net Sales 4.30% (2.00%)
Net loss (gain) on convertible debt derivatives, as a Percent of Net Sales 0.00% 0.10%
Interest expense, as a Percent of Net Sales 3.10% 3.30%
Interest income, as a Percent of Net Sales 0.00% (0.10%)
Gain (loss) Before Income Taxes, as a Percent of Net Sales 1.30% (5.30%)
Income Tax Provision, as a Percent of Net Sales 1.00% 0.90%
Net Gain (Loss), as a percent of Net Sales 0.30% (6.20%)
[1] Net loss per common share assuming dilution calculated utilizing weighted average shares outstanding-basic for the periods in which there was a net loss.