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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total net sales $ 118,365 $ 144,848 $ 381,835 $ 475,097
Total cost of sales 96,304 116,897 308,514 382,357
Gross profit 22,061 27,951 73,321 92,740
Selling and administrative expenses 17,066 21,035 56,273 62,871
Amortization expense 1,428 1,622 4,271 4,947
Interest expense - net 940 1,078 2,841 4,030
Other income - net (209) (374) (1,909) (764)
Income from continuing operations before income taxes 2,836 4,590 11,845 21,656
Income tax (benefit) expense (13,742) 836 (11,698) 3,883
Income from continuing operations 16,578 3,754 23,543 17,773
Loss from discontinued operations before income taxes (13,478) (1,475) (23,565) (2,964)
Income tax benefit 3,730 785 5,509 1,509
Loss from discontinued operations (9,748) (690) (18,056) (1,455)
Net income $ 6,830 $ 3,064 $ 5,487 $ 16,318
Basic earnings (loss) per common share:        
From continuing operations (usd per share) $ 1.57 $ 0.36 $ 2.24 $ 1.71
From discontinued operations (usd per share) (0.92) (0.07) (1.72) (0.14)
Basic earnings per common share (usd per share) 0.65 0.29 0.52 1.57
Diluted earnings (loss) per common share:        
From continuing operations (usd per share) 1.56 0.35 2.21 1.67
From discontinued operations (usd per share) (0.92) (0.06) (1.69) (0.14)
Diluted earnings per common share (usd per share) $ 0.64 $ 0.29 $ 0.52 $ 1.53
Product        
Total net sales $ 101,945 $ 118,578 $ 321,212 $ 389,862
Total cost of sales 82,881 97,232 263,537 320,591
Service        
Total net sales 16,420 26,270 60,623 85,235
Total cost of sales $ 13,423 $ 19,665 $ 44,977 $ 61,766