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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
NET SALES $ 86,301 $ 80,578
Cost of sales 66,827 61,585
GROSS PROFIT 19,474 18,993
Selling and administrative expenses 20,114 20,397
Other operating (income) expense, net 2 (92)
Facility consolidation and severance expenses, net 25 24
OPERATING LOSS (667) (1,336)
Interest expense 1,329 1,285
Other income, net (1) (4)
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES (1,995) (2,617)
Income tax benefit (28) (4)
LOSS FROM CONTINUING OPERATIONS (1,967) (2,613)
Loss from discontinued operations, net of tax (61) (76)
NET LOSS $ (2,028) $ (2,689)
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations $ (0.13) $ (0.17)
Discontinued operations 0.00 (0.01)
Net loss $ (0.13) $ (0.18)
BASIC SHARES OUTSTANDING [1] 15,085 15,356
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations $ (0.13) $ (0.17)
Discontinued operations 0.00 (0.01)
Net loss $ (0.13) $ (0.18)
DILUTED SHARES OUTSTANDING [1],[2] 15,085 15,356
DIVIDENDS PER SHARE:    
Common Stock $ 0 $ 0
Class B Common Stock $ 0 $ 0
[1] Includes Common and Class B Common shares, excluding unvested participating securities of 641 thousand as of March 27, 2021 and 490 thousand as of March 28, 2020.
[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 27, 2021 were 281 thousand and for the three months ended March 28, 2020 were 278 thousand.