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(LOSS) EARNINGS PER COMMON SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
[1]
Sep. 30, 2015
[2]
Jun. 30, 2015
[3]
Mar. 31, 2015
[4]
Dec. 31, 2014
[5]
Sep. 30, 2014
[6]
Jun. 30, 2014
[7]
Mar. 31, 2014
[8]
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Numerators [Abstract]                      
Net loss $ (1,188) $ 34 $ 378 $ (1,465) $ (22,505) $ 1,396 $ (7,411) $ (442) $ (2,241) $ (28,962) $ (58,485)
Denominators [Abstract]                      
Weighted average common shares - basic (in shares)                 12,869,353 12,716,976 12,607,833
Dilutive effect of restricted stock (in shares)                 0 0 0
Weighted average common shares - diluted (in shares)                 12,869,353 12,716,976 12,607,833
Basic earnings per share (in dollars per share) $ (0.09) $ 0.00 $ 0.03 $ (0.11) $ (1.76) $ 0.11 $ (0.58) $ (0.03) $ (0.17) $ (2.28) $ (4.64)
Diluted earnings per share (in dollars per share) $ (0.09) $ 0.00 $ 0.03 $ (0.11) $ (1.76) $ 0.11 $ (0.58) $ (0.03) $ (0.17) $ (2.28) $ (4.64)
Antidilutive securities excluded from computation of earnings per share (in shares)                 159,875 153,249 111,976
[1] Gross profit in the fourth quarter of 2015 includes an unfavorable forward loss reserve adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 includes a restructuring benefit of $46.
[2] Gross profit in the third quarter of 2015 includes an unfavorable adjustment of $1,738 related to a long-term contract for which a forward loss reserve was established. Net income for the the third quarter of 2015 included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses.
[3] Included in the net loss for the the second quarter of 2015 were $518 of restructuring expenses.
[4] Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses.
[5] Net loss in the fourth quarter of 2014 includes a $26,439 goodwill impairment charge related to the Engineering Services reporting unit, $297 of restructuring expenses and a $6,396 income tax benefit resulting from the decision to carry the 2014 tax loss back to previous years.
[6] Gross profit in the third quarter of 2014 includes a $5,286 favorable cumulative catch-up adjustment related to the settlement of an unpriced change order and the Company's ability to secure more favorable future material pricing on a long-term production contract. In addition, net income in the third quarter of 2014 includes $765 of restructuring expenses.
[7] Net loss in the second quarter of 2014 includes $793 of interest expense related to the termination of interest rate derivatives and $8,340 related to the write-off of debt issuance costs associated with the modification of the Company's revolving credit facility and the termination of its long-term credit agreement. Net loss in the second quarter of 2014 also includes $1,095 of restructuring expenses.
[8] Included in the net loss for the the first quarter of 2014 were $428 of restructuring expenses.