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Quarterly Financial Data (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Year Ended December 31, 2013 (1) (2) (3) (4)
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter

(In thousands, except per share data amounts)
Sales
$
80,936

 
$
80,709

 
$
83,707

 
$
88,718

Less: excise taxes
3,642

 
538

 
4,312

 
2,314

Net sales
77,294

 
80,171

 
79,395

 
86,404

Cost of sales
69,380

 
79,356

 
74,114

 
79,175

Gross profit
7,914

 
815

 
5,281

 
7,229




 


 


 


Selling, general and administrative expenses
8,797

 
6,760

 
4,770

 
5,875

Other operating costs and (gains) losses on sale of assets
177

 
1

 
—

 
58

Income (loss) from operations
(1,060
)
 
(5,946
)
 
511

 
1,296




 


 


 


Interest income (expense), net
(289
)
 
(269
)
 
(277
)
 
(283
)
Equity in earnings (loss)
758

 
(91
)
 
71

 
(942
)
Income (loss) from continuing operations before income taxes
(591
)

(6,306
)

305


71




 


 


 


Provision (benefit) for income taxes
(758
)
 
19

 
25

 
—

Net income (loss) from continuing operations
167

 
(6,325
)
 
280

 
71




 


 


 


Discontinued operations, net of tax (Note 11)
(528
)
 
—

 
—

 
1,406

        Net income (loss)
$
(361
)
 
$
(6,325
)
 
$
280

 
$
1,477




 





 


Basic and diluted earnings (loss) per share(5)








 


Income (loss) from continuing operations
$
0.01

 
$
(0.37
)
 
$
0.02

 
$
—

Income from discontinued operations
$
(0.03
)
 
$
—

 
$
—

 
$
0.08

Net income (loss)
$
(0.02
)

$
(0.37
)

$
0.02

 
$
0.08










 


Dividends per common share
$
—

 
$
—

 
$
—

 
$
0.05

(1) 
Net loss for the fourth quarter includes $528 of income tax expense related to the gain on sale of discontinued operations. See discussion on this matter at Note 5: Income Taxes.
(2) 
Net income for the first quarter includes a $1,406 gain, net of tax, on sale of discontinued operations.
(3) 
Net income (loss) for the second, third and fourth quarters include $259, $1,802, and $3,404, respectively of expense related to the governance, proxy dispute and related matters.
(4) 
Net income (loss) for the fourth quarter includes $1,525 of expense related to the severance costs.
(5) 
For the third and fourth quarters, under the two class method, the losses were fully allocated common stock.







 
Year ended December 31, 2012(1) (2)
 
Fourth
Quarter

Third
Quarter

Second
Quarter

First
Quarter
 
(In thousands, except per share data amounts)
Sales
$
86,350


$
76,189


$
87,263


$
88,430

Less: excise tax
—


82


1,729


2,086

Net sales
86,350


76,107


85,534


86,344

Cost of sales
78,930


70,047


79,618


80,717

    Gross profit
7,420


6,060


5,916


5,627













Selling, general and administrative
6,466


6,037


6,285


7,748

Other operating costs and (gain) loss on sale of assets, net
(16
)

(851
)

176


122

    Income (loss) from operations
970


874


(545
)

(2,243
)












Gain on sale of joint venture interest
—


—


—


4,055

Other income (expense), net
(1
)

(1
)

2


2

Interest expense
(158
)

(225
)

(232
)

(255
)
Equity in earnings (loss)
(465
)

(130
)

(143
)

437

Income (loss) from continuing operations before income taxes
346


518


(918
)

1,996

 
 
 
 
 
 
 
 
Provision (benefit) for income taxes
166


100


(68
)

120

Net income (loss) from continuing operations
180


418


(850
)

1,876

 
 
 
 
 
 
 
 
Discontinued Operations, net of tax (Note 11)
—

 
—

 
—

 
—

    Net income (loss)
$
180


$
418


$
(850
)

$
1,876

 
 
 
 
 
 
 
 
Basic and diluted earnings (loss) per share data(3)
 


 


 


 

 Income from continuing operations
$
0.01


0.02


(0.05
)

0.10

 Income from discontinued operations
—

 
—

 
—

 
—

Net income (loss)
$
0.01


0.02


(0.05
)

0.10

 
 
 
 
 
 
 
 












Dividends per Common Share
$
—


$
—


$
—


$
0.05

(1) Net income for the first quarter includes a $4,055 gain on sale of joint venture interest.
(2) Net income for the third quarter includes an $889 gain on sale equipment that was previously impaired.
(3) For the second quarter, under the two class method, the loss was fully allocated common stock.