Annual report pursuant to Section 13 and 15(d)

Quarterly Results

v3.3.1.900
Quarterly Results
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)
The following is a summary of quarterly operations for 2015 and 2014:
(Amounts in thousands except for per share data)
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
2015
 
 
 
 
 
 
 
Net sales from continuing operations
$
51,648

 
$
50,163

 
$
38,083

 
$
35,566

Gross profit from continuing operations
8,942

 
8,416

 
4,537

 
3,424

Net income (loss) from continuing operations(1)
3,638

 
2,455

 
1,355

 
(17,717
)
Loss from discontinued operations, net of tax
—

 
—

 
—

 
(1,251
)
Net income (loss)
3,638

 
2,455

 
1,355

 
(18,968
)
 
 
 
 
 
 
 
 
Per common share from continuing operations
 

 
 

 
 

 
 

Basic
0.42

 
0.28

 
0.16

 
(2.04
)
Diluted
0.42

 
0.28

 
0.16

 
(2.04
)
 
 
 
 
 
 
 
 
Per common share from discontinued operations
 
 
 
 
 
 
 
Basic
—

 
—

 
—

 
(0.14
)
Diluted
—

 
—

 
—

 
(0.14
)
 
 
 
 
 
 
 
 
2014
 

 
 

 
 

 
 

Net sales from continuing operations
$
49,796

 
$
52,688

 
$
48,452

 
$
48,569

Gross profit from continuing operations
7,603

 
8,952

 
8,127

 
8,247

Net income from continuing operations
2,250

 
5,783

 
3,177

 
1,409

(Loss) income from discontinued operations, net of tax
(473
)
 
(5,383
)
 
(1,899
)
 
598

Net income
1,776

 
400

 
1,279

 
2,007

 
 
 
 
 
 
 
 
Per common share from continuing operations
 

 
 

 
 

 
 

Basic
0.26

 
0.66

 
0.36

 
0.16

Diluted
0.26

 
0.66

 
0.36

 
0.16

 
 
 
 
 
 
 
 
Per common share from discontinued operations
 
 
 
 
 
 
 
Basic
(0.05
)
 
(0.62
)
 
(0.22
)
 
0.07

Diluted
(0.05
)
 
(0.62
)
 
(0.22
)
 
0.07


(1) The Company recorded a goodwill impairment charge of approximately $17,158,000 during the fourth quarter of 2015; see Note 4.