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Quarterly Results of Operations (Unaudited)
12 Months Ended
Mar. 29, 2020
Quarterly Results of Operations (Unaudited)  
Quarterly Results of Operations (Unaudited)

Note 19. Quarterly Results of Operations (Unaudited)

 

Summarized quarterly financial data for the fiscal years ended March 29, 2020 and March 31, 2019 is presented in the table below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2020 Quarters Ended

 

Fiscal Year 2019 Quarters Ended

 

 

 

March 29,

 

December 29,

 

September 29,

 

June 30,

 

March 31,

 

December 30,

 

September 30,

 

July 1,

 

 

 

2020

 

2019

 

2019

 

2019

 

2019

 

2018

 

2018

 

2018

 

Revenues

    

$

128,179,900

    

$

139,578,200

    

$

141,810,900

    

$

130,729,300

    

$

144,963,800

    

$

152,294,500

    

$

158,636,100

    

$

150,919,400

 

Cost of goods sold

 

 

111,014,000

 

 

116,503,900

 

 

115,491,600

 

 

105,465,800

 

 

116,696,600

 

 

121,295,800

 

 

127,241,400

 

 

120,221,300

 

Gross profit

 

 

17,165,900

 

 

23,074,300

 

 

26,319,300

 

 

25,263,500

 

 

28,267,200

 

 

30,998,700

 

 

31,394,700

 

 

30,698,100

 

Selling, general and administrative expenses

 

 

27,493,900

 

 

26,479,100

 

 

25,745,200

 

 

28,096,500

 

 

27,280,300

 

 

27,494,800

 

 

29,477,300

 

 

28,961,300

 

Goodwill impairment

 

 

9,108,600

 

 

2,569,100

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Restructuring charges

 

 

 —

 

 

 —

 

 

 —

 

 

488,000

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Operating expenses

 

 

36,602,500

 

 

29,048,200

 

 

25,745,200

 

 

28,584,500

 

 

27,280,300

 

 

27,494,800

 

 

29,477,300

 

 

28,961,300

 

(Loss) income from operations

 

 

(19,436,600)

 

 

(5,973,900)

 

 

574,100

 

 

(3,321,000)

 

 

986,900

 

 

3,503,900

 

 

1,917,400

 

 

1,736,800

 

Interest, net

 

 

204,600

 

 

367,900

 

 

335,100

 

 

208,700

 

 

186,700

 

 

247,900

 

 

244,800

 

 

174,400

 

(Loss) income before (benefit from) provision for income taxes

 

 

(19,641,200)

 

 

(6,341,800)

 

 

239,000

 

 

(3,529,700)

 

 

800,200

 

 

3,256,000

 

 

1,672,600

 

 

1,562,400

 

(Benefit from ) provision for income taxes

 

 

(5,564,500)

 

 

(1,320,400)

 

 

217,000

 

 

(1,036,900)

 

 

308,200

 

 

551,400

 

 

481,800

 

 

404,000

 

Net (loss) income

 

$

(14,076,700)

 

$

(5,021,400)

 

$

22,000

 

$

(2,492,800)

 

$

492,000

 

$

2,704,600

 

$

1,190,800

 

$

1,158,400

 

Diluted (loss) earnings per share

 

$

(1.65)

 

$

(0.59)

 

$

 —

 

$

(0.29)

 

$

0.06

 

$

0.32

 

$

0.14

 

$

0.13

 

Cash dividends declared per common share

 

$

0.02

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20