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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
NET SALES $ 95,447 $ 101,562 $ 284,448 $ 306,858
Cost of sales 74,373 79,675 220,962 238,247
GROSS PROFIT 21,074 21,887 63,486 68,611
Selling and administrative expenses 21,036 23,033 63,810 69,954
Other operating expense (income), net 37 (845) 145 421
Facility consolidation and severance expenses, net 1,043 529 4,859 936
Impairment of assets 0 349 3 349
OPERATING LOSS (1,042) (1,179) (5,331) (3,049)
Interest expense 1,648 1,664 5,085 4,840
Other income, net (4) (3) (42) 0
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (2,686) (2,840) (10,374) (7,889)
Income tax (benefit) provision (109) 82 25 (110)
LOSS FROM CONTINUING OPERATIONS (2,577) (2,922) (10,399) (7,779)
Income (loss) from discontinued operations, net of tax 23 (40) (43) 94
NET LOSS $ (2,554) $ (2,962) $ (10,442) $ (7,685)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.16) $ (0.19) $ (0.66) $ (0.49)
Discontinued operations 0.00 0.00 0.00 0.01
Net loss $ (0.16) $ (0.19) $ (0.66) $ (0.48)
BASIC SHARES OUTSTANDING [1] 15,899 15,786 15,864 15,754
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ (0.16) $ (0.19) $ (0.66) $ (0.49)
Discontinued operations 0.00 0.00 0.00 0.01
Net loss $ (0.16) $ (0.19) $ (0.66) $ (0.48)
DILUTED SHARES OUTSTANDING [1],[2] 15,899 15,786 15,864 15,754
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, excluding 461 thousand unvested participating securities
[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 28, 2019 were 364 thousand and for the three and nine months ended September 29, 2018 were 426 thousand.