XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Jun. 28, 2014
Jun. 29, 2013
NET SALES $ 108,171 $ 83,617 $ 193,483 $ 159,057
Cost of sales 81,535 61,315 148,839 118,342
GROSS PROFIT 26,636 22,302 44,644 40,715
Selling and administrative expenses 24,373 18,841 44,625 35,737
Other operating expense, net 219 190 371 30
Facility consolidation expenses 949 0 1,022 0
Impairment of assets 655 0 655 0
OPERATING INCOME (LOSS) 440 3,271 (2,029) 4,948
Interest expense 1,158 869 2,169 1,864
Other (income) expense, net (47) 11 (36) 18
Gain on purchase of business 0 0 (10,562) 0
Refinancing expenses 0 94 0 94
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES (671) 2,297 6,400 2,972
Income tax provision (benefit) (66) 620 2,570 643
INCOME (LOSS) FROM CONTINUING OPERATIONS (605) 1,677 3,830 2,329
Loss from discontinued operations, net of tax (39) (32) (79) (47)
NET INCOME (LOSS) $ (644) $ 1,645 $ 3,751 $ 2,282
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.04) $ 0.13 $ 0.27 $ 0.18
Discontinued operations $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income (loss) $ (0.04) $ 0.13 $ 0.26 $ 0.18
BASIC SHARES OUTSTANDING 13,937 [1] 12,733 [1] 13,363 [1] 12,704
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.04) $ 0.13 $ 0.27 $ 0.17
Discontinued operations $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income (loss) $ (0.04) $ 0.13 $ 0.26 $ 0.17
DILUTED SHARES OUTSTANDING 13,937 [1],[2] 12,846 [1],[2] 13,561 [1],[2] 12,793
Dividends Per Share:        
Common Stock $ 0.00 $ 0.00 $ 0.00 $ 0.00
Class B Common Stock $ 0.00 $ 0.00 $ 0.00 $ 0.00
[1] Includes Common and Class B Common shares, 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 during the relevant period and directors' stock performance units have been excluded. Aggregate shares excluded for the three and six months ended June 28, 2014 were 620 and 372, respectively, and for the three and six months ending June 29, 2013 were 450 and 571, respectively.