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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
NET SALES $ 98,858 $ 97,541
Cost of sales 77,278 72,380
GROSS PROFIT 21,580 25,161
Selling and administrative expenses 23,120 24,486
Other operating (income) expense, net (241) 52
Facility consolidation and severance expenses, net 216 0
OPERATING (LOSS) INCOME (1,515) 623
Interest expense 1,533 1,362
Other expense (income), net 2 (1)
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (3,050) (738)
Income tax benefit (166) (163)
LOSS FROM CONTINUING OPERATIONS (2,884) (575)
Loss from discontinued operations, net of tax (23) (29)
NET LOSS $ (2,907) $ (604)
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations $ (0.18) $ (0.04)
Discontinued operations 0.00 0.00
Net loss $ (0.18) $ (0.04)
BASIC SHARES OUTSTANDING [1] 15,715 15,673
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations $ (0.18) $ (0.04)
Discontinued operations 0.00 0.00
Net loss $ (0.18) $ (0.04)
DILUTED SHARES OUTSTANDING [1],[2] 15,715 15,673
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, excluding 488 unvested participating securities, 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 months ended March 31, 2018 and April 1, 2017 were 448 and 220, respectively, in thousands.