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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
NET SALES $ 80,578 $ 88,606
Cost of sales 61,585 69,687
GROSS PROFIT 18,993 18,919
Selling and administrative expenses 20,397 21,660
Other operating (income) expense, net (92) 26
Facility consolidation and severance expenses, net 24 2,091
Impairment of assets 0 5
OPERATING LOSS (1,336) (4,863)
Interest expense 1,285 1,720
Other income, net (4) (42)
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (2,617) (6,541)
Income tax (benefit) provision (4) 100
LOSS FROM CONTINUING OPERATIONS (2,613) (6,641)
Loss from discontinued operations, net of tax (76) (31)
NET LOSS $ (2,689) $ (6,672)
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations $ (0.17) $ (0.42)
Discontinued operations (0.01) 0.00
Net loss $ (0.18) $ (0.42)
BASIC SHARES OUTSTANDING [1] 15,356 15,809
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations $ (0.17) $ (0.42)
Discontinued operations (0.01) 0.00
Net loss $ (0.18) $ (0.42)
DILUTED SHARES OUTSTANDING [1],[2] 15,356 15,809
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 unvested participating securities of 490 thousand as of March 28, 2020 and 476 thousand as of March 30, 2019.
[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 28, 2020 were 278 thousand and for the three months ended March 30, 2019 were 394 thousand.