XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 48,553 $ 49,259 $ 97,615 $ 93,013
Operating expenses        
Labor 25,259 28,366 51,204 54,718
Production and distribution 14,737 12,460 28,728 23,729
Advertising, selling, general and administrative 3,960 4,591 8,593 8,712
Restructuring expense 0 1,744 0 3,942
Depreciation expense 586 663 1,184 1,361
Total operating expenses 44,542 47,824 89,709 92,462
Operating income 4,011 1,435 7,906 551
Other incomes, net        
Interest expense, net 95 155 230 423
Gain from extinguishment of debt (Paycheck Protection Program Term Note) 0 (10,000) 0 (10,000)
Other (income) expense (1,216) 456 (1,255) 471
Total other income (1,121) (9,389) (1,025) (9,106)
Income before income taxes 5,132 10,824 8,931 9,657
Income tax expense 671 255 1,125 846
Net income 4,461 10,569 7,806 8,811
Less: Preferred Stock dividends 124 124 246 246
Less: Earnings attributable to participating securities 542 1,361 946 1,118
Income attributable to common stockholders $ 3,795 $ 9,084 $ 6,614 $ 7,447
Earnings per common share        
Basic (in dollars per share) $ 0.54 $ 1.36 $ 0.94 $ 1.12
Diluted (in dollars per share) $ 0.52 $ 1.27 $ 0.91 $ 1.05
Weighted average shares used to compute income per share attributable to common shares        
Basic (in shares) 7,017 6,686 7,004 6,669
Diluted (in shares) 7,388 7,193 7,338 7,131
Comprehensive income, net of tax:        
Net income $ 4,461 $ 10,569 $ 7,806 $ 8,811
Adjustment to pension liability, net 578 860 1,588 1,596
Foreign currency translation adjustment (2,607) (4) (3,111) (462)
Total other comprehensive (loss) income, net of tax (2,029) 856 (1,523) 1,134
Comprehensive income 2,432 11,425 6,283 9,945
Revenue $ 48,553 $ 49,259 $ 97,615 $ 93,013