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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Feb. 27, 2022
Notes to Financial Statements  
Quarterly Financial Information [Text Block]

PARK AEROSPACE CORP. AND SUBSIDIARIES

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

(Amounts in thousands, except per share amounts)

 

   

Quarter

 
   

First

   

Second

   

Third

   

Fourth

 
                                 

Fiscal 2022:

                               

Net sales

  $ 13,594     $ 13,618     $ 13,864     $ 12,502  

Gross profit

    5,472       4,411       3,836       4,198  

Net earnings from continuing operations

    2,745       2,022       1,741       1,956  

Net loss from discontinued operations

    -       -       -       -  

Net earnings

    2,745       2,022       1,741       1,956  
                                 

Basic earnings (loss) per share:

                               

Basic net earnings per share from continuing operations

  $ 0.13     $ 0.10     $ 0.09     $ 0.10  

Basic net loss per share from discontinued operations

    -       -       -       -  
                                 

Basic earnings per share

    0.13       0.10       0.09       0.10  
                                 

Diluted earnings (loss) per share:

                               

Diluted net earnings per share from continuing operations

  $ 0.13     $ 0.10     $ 0.08     $ 0.10  

Diluted net loss per share from discontinued operations

    -       -       -       -  
                                 

Diluted earnings per share

    0.13       0.10       0.08       0.10  
                                 

Weighted average common shares outstanding:

                               

Basic

    20,383       20,397       20,450       20,458  

Diluted

    20,710       20,485       20,503       20,508  
                                 
                                 

Fiscal 2021:

                               

Net sales

  $ 12,213     $ 9,250     $ 10,372     $ 14,441  

Gross profit

    3,674       2,638       2,553       4,326  

Net earnings from continuing operations

    1,972       1,151       1,037       1,032  

Net (loss) earnings from discontinued operations

    (15 )     (197 )     (116 )     -  

Net earnings

    1,957       954       921       1,032  
                                 

Basic earnings (loss) per share:

                               

Basic net earnings per share from continuing operations

  $ 0.10     $ 0.06     $ 0.05     $ 0.05  

Basic net (loss) earnings per share from discontinued operations

    -       (0.01 )     -       -  
                                 

Basic earnings per share

    0.10       0.05       0.05       0.05  
                                 

Diluted earnings (loss) per share:

                               

Diluted net earnings per share from continuing operations

  $ 0.10     $ 0.06     $ 0.05     $ 0.05  

Diluted net (loss) earnings per share from discontinued operations

    -       (0.01 )     -       -  
                                 

Diluted earnings per share

    0.10       0.05       0.05       0.05  
                                 

Weighted average common shares outstanding:

                               

Basic

    20,402       20,381       20,381       20,382  

Diluted

    20,460       20,433       20,434       20,587  

 

Earnings per share are computed separately for each quarter. There‐fore, the sum of such quarterly per share amounts may differ from the total for each year.