XML 39 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
NET SALES $ 44,741 $ 51,911 $ 85,560 $ 98,680
COST OF PRODUCTS SOLD 32,156 36,013 62,272 68,067
Gross profit 12,585 15,898 23,288 30,613
COSTS AND EXPENSES:        
General and administrative expenses 5,561 5,771 11,599 11,564
Selling and distribution expenses 4,958 4,733 9,836 8,956
Amortization of purchased intangible assets 1,013 1,617 2,030 3,232
Restructuring expenses 1,116 0 3,112 0
Total costs and expenses 12,648 12,121 26,577 23,752
INCOME (LOSS) FROM OPERATIONS (63) 3,777 (3,289) 6,861
OTHER INCOME (EXPENSE):        
Other income (expense), net 40 332 1,164 (103)
Interest expense (263) (174) (445) (283)
Interest income 1 1 4 5
INCOME (LOSS) BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS (285) 3,936 (2,566) 6,480
INCOME TAX PROVISION 1,034 1,839 1,130 2,580
INCOME (LOSS) FROM CONTINUING OPERATIONS (1,319) 2,097 (3,696) 3,900
DISCONTINUED OPERATIONS:        
Income (loss) from operations of discontinued operations, net of tax 0 219 0 (97)
NET INCOME (LOSS) $ (1,319) $ 2,316 $ (3,696) $ 3,803
INCOME (LOSS) PER SHARE - BASIC:        
Continuing operations (in dollars per share) $ (0.10) $ 0.15 $ (0.27) $ 0.28
Discontinued operations (in dollars per share) 0.00 0.02 0.00 (0.01)
Net income (loss) (in dollars per share) (0.10) 0.17 (0.27) 0.27
INCOME (LOSS) PER SHARE - DILUTED:        
Continuing operations (in dollars per share) (0.10) 0.15 (0.27) 0.28
Discontinued operations (in dollars per share) 0.00 0.02 0.00 (0.01)
Net income (loss) (in dollars per share) $ (0.10) $ 0.17 $ (0.27) $ 0.27
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic (in shares) 13,906,993 13,672,457 13,900,499 13,668,223
Diluted (in shares) 13,906,993 13,677,911 13,900,499 13,673,807
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.04 $ 0.04 $ 0.08 $ 0.08