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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 26, 2016
Mar. 28, 2015
NET SALES $ 89,234 $ 95,855
Cost of sales 69,728 72,516
GROSS PROFIT 19,506 23,339
Selling and administrative expenses 23,666 24,757
Other operating expense, net 267 490
Facility consolidation expenses 1,413 775
OPERATING LOSS (5,840) (2,683)
Interest expense 1,324 1,177
Other expense, net 8 10
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (7,172) (3,870)
Income tax benefit (2,415) (1,490)
LOSS FROM CONTINUING OPERATIONS (4,757) (2,380)
Loss from discontinued operations, net of tax (10) (88)
NET LOSS $ (4,767) $ (2,468)
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations $ (0.30) $ (0.15)
Discontinued operations 0.00 (0.01)
Net loss $ (0.30) $ (0.16)
BASIC SHARES OUTSTANDING [1] 15,600 15,435
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations $ (0.30) $ (0.15)
Discontinued operations 0.00 (0.01)
Net loss $ (0.30) $ (0.16)
DILUTED SHARES OUTSTANDING [1],[2] 15,600 15,435
DIVIDENDS PER SHARE:    
Common Stock $ 0.00 $ 0.00
Class B Common Stock $ 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 months ended March 26, 2016 and March 28, 2015 were 195 and 469, respectively.