XML 93 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 28, 2013
Dec. 29, 2012
Dec. 31, 2011
NET SALES $ 345,066 $ 266,372 $ 270,110
Cost of sales 259,427 201,000 204,604
GROSS PROFIT 85,639 65,372 65,506
Selling and administrative expenses 76,554 63,489 60,667
Other operating (income) expense, net 494 68 (266)
Facility consolidation and severance expenses, net 0 0 (563)
OPERATING INCOME 8,591 1,815 5,668
Interest expense 3,756 3,146 3,470
Other (income) expense, net 26 (277) (75)
Refinancing expenses 94 0 317
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 4,715 (1,054) 1,956
Income tax provision (benefit) (643) (401) 684
INCOME (LOSS) FROM CONTINUING OPERATIONS 5,358 (653) 1,272
Loss from discontinued operations, net of tax (68) (274) (286)
NET INCOME (LOSS) $ 5,290 $ (927) $ 986
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations $ 0.40 $ (0.05) $ 0.10
Discontinued operations $ (0.01) $ (0.02) $ (0.02)
Net income (loss) $ 0.39 $ (0.07) $ 0.08
BASIC SHARES OUTSTANDING 12,737 [1] 12,638 [1] 12,585 [1]
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations $ 0.40 $ (0.05) $ 0.10
Discontinued operations $ (0.01) $ (0.02) $ (0.02)
Net income (loss) $ 0.39 $ (0.07) $ 0.08
DILUTED SHARES OUTSTANDING 12,852 [1],[2] 12,638 [1],[2] 12,623 [1],[2]
Dividends Per Share:      
Common Stock $ 0.00 $ 0.00 $ 0.00
Class B Common Stock $ 0.00 $ 0.00 $ 0.00
[1] Includes Common and Class B Common shares, less shares held in treasury, in thousands.
[2] Because their effects are anti-dilutive, shares issuable under stock option plans where the exercise price is greater than the average market price of the Company's Common Stock at the end of the relevant period, directors' stock performance units, and shares issuable on conversion of subordinated debentures into shares of Common Stock have been excluded. Aggregate shares excluded were 510 in 2013, 827 shares in 2012 and 1,337 shares in 2011.