Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Results of Operations (Unaudited)

Note 15 – Quarterly results of operations (unaudited):

	Quarter ended
	March 31		June 30		Sept. 30			Dec. 31
	(In millions, except per share amounts)
2012:
Net sales	$	20.4	$	22.2	$	21.3		$	19.3
Gross profit		6.0		6.5		6.3			5.5
Operating income		1.6		2.2		1.6	(a)		-	(b)
Income from continuing operations	$	0.9	$	1.2	$	0.8		$	0.6
Discontinued operations		0.6		0.9		1.8			28.1	(c)
Net income	$	1.5	$	2.1	$	2.6		$	28.7
Basic and diluted earnings per share:
Continuing operations	$	.07	$	.10	$	.07		$	.05
Discontinued operations		.05		.07		.14			2.27
	$	.12	$	.17	$	.21		$	2.32
2013:
Net sales	$	21.5	$	24.0	$	24.2		$	22.3
Gross profit		6.0		7.6		7.5			6.5
Operating income		1.4		2.9		3.0			2.0
Net income		0.9		1.8		2.0			1.3
Basic and diluted earnings per share:	$	.07	$	.15	$	.16		$	.11

The sum of the quarterly per share amounts may not equal the annual per share amounts due to relative changes in the weighted-average number of shares used in the per share computations.

(a) Includes a $405,000 write-down on assets held for sale.  See Note 7.

(b) Includes a $757,000 loss on disposal of assets held for sale.  See Note 7.

(c) Includes a net gain on the sale of our Furniture Components segment of $27.6 million.  See Note 2.