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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2016
Sep. 26, 2015
Sep. 24, 2016
Sep. 26, 2015
NET SALES $ 100,297 $ 108,908 $ 294,847 $ 314,721
Cost of sales 74,466 81,643 221,268 234,811
GROSS PROFIT 25,831 27,265 73,579 79,910
Selling and administrative expenses 23,774 25,267 71,760 76,215
Other operating expense, net 141 131 525 684
Facility consolidation expenses 0 614 1,816 2,264
OPERATING INCOME (LOSS) 1,916 1,253 (522) 747
Interest expense 1,312 1,203 3,969 3,603
Other expense, net 4 4 15 45
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 600 46 (4,506) (2,901)
Income tax provision (benefit) 27 (38) (1,937) (1,121)
INCOME (LOSS) FROM CONTINUING OPERATIONS 573 84 (2,569) (1,780)
Income (loss) from discontinued operations, net of tax (39) (18) 13 (118)
NET INCOME (LOSS) $ 534 $ 66 $ (2,556) $ (1,898)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.04 $ 0.01 $ (0.16) $ (0.11)
Discontinued operations 0.00 0.00 0.00 (0.01)
Net income (loss) $ 0.04 $ 0.01 $ (0.16) $ (0.12)
BASIC SHARES OUTSTANDING [1] 15,648 15,573 15,631 15,518
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.04 $ 0.01 $ (0.16) $ (0.11)
Discontinued operations 0.00 0.00 0.00 (0.01)
Net income (loss) $ 0.04 $ 0.01 $ (0.16) $ (0.12)
DILUTED SHARES OUTSTANDING [1],[2] 15,744 15,666 15,631 15,518
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] 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 to the extent they are anti-dilutive. Aggregate shares excluded for the three and nine months ended September 24, 2016 were 104 and 220, respectively, and for the three and nine months ended September 26, 2015 were 220 and 308, respectively.