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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Sales $ 136,572 $ 144,239 $ 409,767 $ 387,993
Cost of products sold 123,755 $ 126,136 367,520 $ 346,217
Inventory impairment 9 464
Gross profit 12,808 $ 18,103 41,783 $ 41,776
Operating expenses:        
Research and development 454 898 3,087 2,762
Selling, general and administrative 12,359 12,663 39,202 37,983
Manufacturing process reengineering 453 275 1,965 275
Total operating expenses 13,266 13,836 44,254 41,020
Operating income (loss) (458) 4,267 (2,471) 756
Other income (expense):        
Interest expense (91) (80) (293) (265)
Interest and other income (36) 13 121 252
Total other income (expense) (127) (67) (171) (13)
Income (loss) before taxes (585) 4,200 (2,643) 743
Taxes 5,234 1,009 4,896 (537)
Net income (loss) (5,819) 3,191 (7,539) 1,280
Less: net loss attributable to non-controlling interest (1) (8) (17) (26)
Net income (loss) attributable to Spartan Motors Inc. $ (5,818) $ 3,199 $ (7,522) $ 1,306
Basic net earnings (loss) per share (in dollars per share) $ (0.17) $ 0.09 $ (0.22) $ 0.04
Diluted net earnings (loss) per share (in dollars per share) $ (0.17) $ 0.09 $ (0.22) $ 0.04
Basic weighted average common shares outstanding (in shares) 33,885 34,246 33,806 34,303
Diluted weighted average common shares outstanding (in shares) 33,885 34,249 33,806 34,309