Quarterly Results of Operations (Unaudited)

12 Months Ended

Mar. 28, 2021

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

Note 20. Quarterly Results of Operations (Unaudited)

Summarized quarterly financial data for the fiscal years ended March 28, 2021 and March 29, 2020 is presented in the table below.

	Fiscal Year 2021 Quarters Ended								Fiscal Year 2020 Quarters Ended
	March 28,		December 27,		September 27,		June 28,		March 29,		December 29,		September 29,		June 30,
	2021		2020		2020		2020		2020		2019		2019		2019
Revenues	$	88,733,100	$	99,237,600	$	88,892,400	$	96,477,600	$	105,839,700	$	100,844,000	$	103,651,000	$	98,679,700
Cost of goods sold		71,907,100		81,921,900		71,771,200		80,024,900		86,251,300		81,196,300		83,466,700		78,458,200
Gross profit		16,826,000		17,315,700		17,121,200		16,452,700		19,588,400		19,647,700		20,184,300		20,221,500
Selling, general and administrative expenses		19,580,000		23,606,800		20,787,800		21,532,500		23,547,600		21,994,800		22,029,900		24,432,900
Goodwill impairment		—		—		—		—		9,108,600		—		—		—
Restructuring charges		—		—		—		—		—		—		—		488,000
Operating expenses		19,580,000		23,606,800		20,787,800		21,532,500		32,656,200		21,994,800		22,029,900		24,920,900
Operating loss		(2,754,000)		(6,291,100)		(3,666,600)		(5,079,800)		(13,067,800)		(2,347,100)		(1,845,600)		(4,699,400)
Interest, net		58,500		151,200		105,900		110,700		204,600		367,900		335,100		208,700
Loss from continuing operations before (benefit from) provision for income taxes		(2,812,500)		(6,442,300)		(3,772,500)		(5,190,500)		(13,272,400)		(2,715,000)		(2,180,700)		(4,908,100)
(Benefit from) provision for income taxes		(1,958,000)		(740,400)		(824,300)		(321,800)		(5,297,200)		(641,000)		(109,600)		(1,427,000)
Net loss from continuing operations	$	(854,500)	$	(5,701,900)	$	(2,948,200)	$	(4,868,700)	$	(7,975,200)	$	(2,074,000)	$	(2,071,100)	$	(3,481,100)
(Loss) income from discontinued operations, net of taxes		(2,075,700)		4,787,500		2,681,300		237,300		(6,101,500)		(2,947,400)		2,093,100		988,300
Net (loss) income	$	(2,930,200)	$	(914,400)	$	(266,900)	$	(4,631,400)	$	(14,076,700)	$	(5,021,400)	$	22,000	$	(2,492,800)
Basic and diluted (loss) earnings per share from continuing operations
Continuing operations	$	(0.10)	$	(0.66)	$	(0.34)	$	(0.56)	$	(0.93)	$	(0.24)	$	(0.24)	$	(0.41)
Discontinued operations	$	(0.24)	$	0.55	$	0.31	$	0.03	$	(0.71)	$	(0.35)	$	0.24	$	0.12
Consolidated operations	$	(0.33)	$	(0.11)	$	(0.03)	$	(0.54)	$	(1.65)	$	(0.59)	$	0.00	$	(0.29)
Basic weighted-average common shares outstanding		8,814,859		8,699,937		8,656,877		8,617,803		8,554,348		8,541,020		8,650,320		8,494,168
Effect of dilutive options and other equity instruments		—		—		—		—		—		—		—		—
Basic and diluted weighted-average common shares outstanding		8,814,859		8,699,937		8,656,877		8,617,803		8,554,348		8,541,020		8,650,320		8,494,168
Cash dividends declared per common share	$	—	$	—	$	—	$	—	$	0.02	$	0.20	$	0.20	$	0.20