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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Sales and service revenue                      
Product sales                 $ 308,089 $ 323,611 $ 321,284
Service revenues                 38,091 51,485 66,533
Net sales $ 85,183 $ 89,673 $ 83,993 $ 87,331 $ 89,438 $ 95,633 $ 97,550 $ 92,475 346,180 375,096 387,817
Cost of sales and service revenue                      
Cost of product sales                 249,227 259,610 254,775
Cost of service revenues                 37,150 46,700 57,672
Cost of sales                 286,377 306,310 312,447
Gross profit 12,192 [1] 15,846 15,535 16,230 16,193 [2] 16,626 [3] 18,770 17,197 59,803 68,786 75,370
Selling, general and administrative expenses                 44,541 45,678 55,204
Goodwill and intangible asset impairment                 28,368 0 26,439
Restructuring expense                 1,212 2,322 2,585
(Loss) income from operations                 (14,318) [4] 20,786 (8,858) [4]
Other income (expense):                      
Interest expense                 (21,171) (22,439) (29,280) [5]
Other, net                 (352) (236) 223
Total other expense                 (21,523) (22,675) (29,057)
Loss before income taxes                 (35,841) (1,889) (37,915)
(Benefit) provision for income taxes                 (734) 352 (8,953)
Net loss $ (3,757) [1] $ 309 $ (29,900) [6] $ (1,759) [7] $ (1,188) [2] $ 34 [3] $ 378 [8] $ (1,465) [9] (35,107) (2,241) (28,962)
Other comprehensive income (loss):                      
Change in foreign currency translation adjustment                 (71) (41) (98)
Reclassification adjustment for losses on interest rate hedges included in net earnings, net of tax of $0, $0 and $157                 0 0 278
Unrealized gain/(loss) arising during period from interest rate hedges, net of tax of $0, $0 and $(157)                     278
Total comprehensive loss                 $ (35,178) $ (2,282) $ (28,782)
Amounts per common share:                      
Net (loss) income per common share (in dollars per share) $ (0.29) $ 0.02 $ (2.28) $ (0.14) $ (0.09) $ 0.00 $ 0.03 $ (0.11) $ (2.68) $ (0.17) $ (2.28)
Net (loss) income per common share assuming dilution (in dollars per share) $ (0.29) $ 0.02 $ (2.28) $ (0.14) $ (0.09) $ 0.00 $ 0.03 $ (0.11) $ (2.68) $ (0.17) $ (2.28)
Weighted average common shares outstanding (in shares)                 13,113,901 12,869,353 12,716,976
Weighted average dilutive common shares outstanding (in shares)                 13,113,901 12,869,353 12,716,976
[1] Gross profit in the fourth quarter of 2016 includes an unfavorable cumulative catch-up adjustment of $1,741 related to a long-term contract.
[2] Gross profit in the fourth quarter of 2015 includes an unfavorable cumulative catch-up adjustment of $1,010 related to a long-term contract. Net loss for the fourth quarter of 2015 also includes a restructuring benefit of $46.
[3] 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 also included a net gain of $3,325 related to a legal settlement and $1,575 of restructuring expenses.
[4] Includes charges of $4,066 for intangible asset impairment and $24,302 for goodwill impairment in 2016. Includes charges of $26,439 for goodwill impairment in 2014.
[5] Includes $8,466 related to the write-off of deferred financing costs and $793 related to the settlement of debt derivatives associated with the Company's refinancing of its debt in 2014.
[6] Included in the net loss for the the second quarter of 2016 was a $28,368 charge for goodwill and intangible asset impairment related to the Engineering Services reporting unit and $241 of restructuring expenses.
[7] Included in the net loss for the the first quarter of 2016 were $947 of restructuring expenses.
[8] Included in the net income for the the second quarter of 2015 were $518 of restructuring expenses.
[9] Included in the net loss for the the first quarter of 2015 were $275 of restructuring expenses.