XML 39 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
NET SALES $ 39,508 $ 51,886 $ 125,068 $ 150,566
COST OF PRODUCTS SOLD 29,219 36,803 91,491 104,871
Gross profit 10,289 15,083 33,577 45,695
COSTS AND EXPENSES:        
General and administrative expenses 5,071 5,463 16,670 17,027
Selling and distribution expenses 4,867 4,639 14,703 13,596
Amortization of purchased intangible assets 1,007 1,575 3,037 4,808
Restructuring expenses 285 0 3,397 0
Total costs and expenses 11,230 11,677 37,807 35,431
INCOME (LOSS) FROM OPERATIONS (941) 3,406 (4,230) 10,264
OTHER INCOME (EXPENSE):        
Other income (expense), net (1,463) 472 (299) 369
Interest expense (255) (137) (700) (420)
Interest income 0 1 4 6
INCOME (LOSS) BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS (2,659) 3,742 (5,225) 10,219
INCOME TAX PROVISION 1,574 1,420 2,704 4,000
INCOME (LOSS) FROM CONTINUING OPERATIONS (4,233) 2,322 (7,929) 6,219
DISCONTINUED OPERATIONS:        
Income (loss) from operations of discontinued operations, net of tax 0 20 0 (77)
NET INCOME (LOSS) $ (4,233) $ 2,342 $ (7,929) $ 6,142
INCOME (LOSS) PER SHARE - BASIC:        
Continuing operations (in dollars per share) $ (0.30) $ 0.17 $ (0.57) $ 0.45
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Net income (loss) (in dollars per share) (0.30) 0.17 (0.57) 0.44
INCOME (LOSS) PER SHARE - DILUTED:        
Continuing operations (in dollars per share) (0.30) 0.17 (0.57) 0.45
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Net income (loss) (in dollars per share) $ (0.30) $ 0.17 $ (0.57) $ 0.44
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:        
Basic (in shares) 13,932,033 13,688,649 13,916,236 13,676,730
Diluted (in shares) 13,932,033 13,690,174 13,916,236 13,681,790
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.04 $ 0.04 $ 0.12 $ 0.12