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Consolidated Condensed Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 26, 2021
Jun. 27, 2020
NET SALES $ 104,833 $ 60,824 $ 191,134 $ 141,401
Cost of sales 79,058 48,580 145,885 110,164
GROSS PROFIT 25,775 12,244 45,249 31,237
Selling and administrative expenses 21,043 16,523 41,157 36,920
Other operating expense, net 33 100 35 8
Facility consolidation and severance expenses, net 71 1,246 96 1,270
OPERATING INCOME (LOSS) 4,628 (5,625) 3,961 (6,961)
Interest expense 1,242 1,357 2,571 2,642
Other income, net 0 (3) (1) (7)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES 3,386 (6,979) 1,391 (9,596)
Income tax benefit (24) 0 (51) (4)
INCOME (LOSS) FROM CONTINUING OPERATIONS 3,410 (6,979) 1,442 (9,592)
Loss from discontinued operations, net of tax (61) (81) (121) (157)
NET INCOME (LOSS) $ 3,349 $ (7,060) $ 1,321 $ (9,749)
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.22 $ (0.46) $ 0.09 $ (0.63)
Discontinued operations 0.00 (0.01) (0.01) (0.01)
Net income (loss) $ 0.22 $ (0.47) $ 0.08 $ (0.64)
BASIC SHARES OUTSTANDING [1] 15,119 15,331 15,102 15,344
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations $ 0.21 $ (0.46) $ 0.09 $ (0.63)
Discontinued operations 0.00 (0.01) (0.01) (0.01)
Net income (loss) $ 0.21 $ (0.47) $ 0.08 $ (0.64)
DILUTED SHARES OUTSTANDING [1],[2] 15,249 15,331 15,232 15,344
DIVIDENDS PER SHARE:        
Common Stock $ 0 $ 0 $ 0 $ 0
Class B Common Stock $ 0 $ 0 $ 0 $ 0
[1] Includes Common and Class B Common shares, excluding unvested participating securities of 681 thousand as of June 26, 2021 and 480 thousand as of June 27, 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 and six months ended June 26, 2021 were 151 thousand and for the three and six months ended June 27, 2020 were 296 thousand.