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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
NET SALES $ 315,939 $ 374,582 $ 405,033
Cost of sales 239,483 288,377 318,042
GROSS PROFIT 76,456 86,205 86,991
Selling and administrative expenses 75,731 83,825 92,473
Other operating (income) expense, net (108) (23,988) 458
Facility consolidation and severance expenses, net 3,752 5,019 3,167
Impairment of assets 0 0 6,709
OPERATING INCOME (LOSS) (2,919) 21,349 (15,816)
Interest expense 5,803 6,444 6,491
Other (income) expense, net 678 (57) 3
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES (9,400) 14,962 (22,310)
Income tax provision (benefit) (312) (657) (831)
INCOME (LOSS) FROM CONTINUING OPERATIONS (9,088) 15,619 (21,479)
Income (loss) from discontinued operations, net of tax (120) (348) 95
NET INCOME (LOSS) $ (9,208) $ 15,271 $ (21,384)
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations $ (0.59) $ 0.96 $ (1.36)
Discontinued operations (0.01) (0.02) 0.01
Net income (loss) $ (0.60) $ 0.94 $ (1.35)
BASIC SHARES OUTSTANDING [1] 15,316 15,822 15,764
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations $ (0.59) $ 0.95 $ (1.36)
Discontinued operations (0.01) (0.02) 0.01
Net income (loss) $ (0.60) $ 0.93 $ (1.35)
DILUTED SHARES OUTSTANDING [1],[2] 15,316 15,926 15,764
DIVIDENDS PER SHARE:      
Common Stock $ 0 $ 0 $ 0
Class B Common Stock $ 0 $ 0 $ 0
[1] Includes Common and Class B Common shares, excluding 360, 461, and 570 unvested participating securities, in thousands, for 2020, 2019, and 2018, respectively.
[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 were 281 in 2020, 166 in 2019 and 422 in 2018.