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CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net revenue $ 15,637,000 $ 16,058,000 $ 30,136,000 $ 30,617,000
Cost of sales 10,332,000 10,227,000 19,615,000 19,287,000
Gross profit 5,305,000 5,831,000 10,521,000 11,330,000
Selling, general and administrative expenses 5,154,000 5,129,000 10,173,000 10,046,000
Impairment of goodwill and other intangible assets 8,311,000 0 8,311,000 0
Operating (loss) income (8,160,000) 702,000 (7,963,000) 1,284,000
Other income, net (18,000) (237,000) (32,000) (272,000)
Interest expense 36,000 29,000 138,000 58,000
(Loss) income from continuing operations before income taxes (8,178,000) 910,000 (8,069,000) 1,498,000
Income tax (benefit) expense (2,808,000) 278,000 (2,765,000) 493,000
(Loss) income from continuing operations (5,370,000) 632,000 (5,304,000) 1,005,000
Discontinued operations (Note 2)        
Net income from discontinued operations, net of tax of $-0- and $38,000 for the three and six-month periods ended June 30, 2016 and $377,000 and $612,000 for the three and six-month periods ended June 30, 2015 0 680,000 72,000 1,088,000
(Loss) gain on sale of discontinued operations, net of tax benefit of $-0- and $141,000 for the three and six-month periods ended June 30, 2016 (14,000) 0 12,171,000 0
Net (loss) income from discontinued operations, net of tax (14,000) 680,000 12,243,000 1,088,000
Net (loss) income $ (5,384,000) $ 1,312,000 $ 6,939,000 $ 2,093,000
Basic (loss) earnings per share        
Continuing operations (in dollars per share) $ (1.49) $ 0.17 $ (1.47) $ 0.28
Discontinued operations (in dollars per share) 0 0.19 3.4 0.3
Net (loss) income (in dollars per share) (1.49) 0.36 1.93 0.58
Diluted (loss) earnings per share        
Continuing operations (in dollars per share) (1.49) 0.17 (1.47) 0.27
Discontinued operations (in dollars per share) 0 0.18 3.4 0.29
Net (loss) income (in dollars per share) $ (1.49) $ 0.35 $ 1.93 $ 0.56
Weighted average common shares outstanding:        
Basic (in shares) 3,595,000 3,606,000 3,598,000 3,598,000
Diluted (in shares) 3,595,000 3,754,000 3,598,000 3,751,000
Net (loss) income $ (5,384,000) $ 1,312,000 $ 6,939,000 $ 2,093,000
Other comprehensive (loss) income-foreign currency translation adjustment (166,000) 152,000 (236,000) 44,000
Total comprehensive (loss) income $ (5,550,000) $ 1,464,000 $ 6,703,000 $ 2,137,000