Condensed Consolidated Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Oct. 03, 2015 |
Sep. 30, 2016 |
Oct. 03, 2015 |
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| Net sales | $ 34,297,231 | $ 38,083,284 | $ 105,515,911 | $ 139,894,977 |
| Cost of sales | 29,792,812 | 33,546,114 | 92,295,722 | 118,000,119 |
| Gross profit | 4,504,419 | 4,537,170 | 13,220,189 | 21,894,858 |
| Selling, general and administrative expense | 5,814,655 | 5,220,747 | 17,041,216 | 16,312,428 |
| Acquisition related costs | 1,034 | 9,154 | 76,091 | 454,200 |
| Loss on sale-leaseback | 2,294,917 | (10,000) | ||
| Business interruption insurance proceeds | 0 | (576,658) | 0 | (1,056,775) |
| Operating (loss) income | (3,766,617) | (116,073) | (6,352,465) | 6,185,005 |
| Other expense (income) | ||||
| Interest expense | 272,987 | 341,723 | 822,426 | 1,040,218 |
| Change in fair value of interest rate swaps | (115,328) | 247,152 | 276,512 | 233,235 |
| Specialty and Palmer earn-out adjustments | 0 | (2,414,115) | 0 | (4,897,448) |
| Other, net | 0 | (23) | 0 | (137,214) |
| (Loss) income before income taxes | (3,924,276) | 1,709,190 | (7,451,403) | 9,946,214 |
| (Benefit from) provision for income taxes | (1,316,000) | 354,000 | (1,893,000) | 2,498,000 |
| Net (loss) income from continuing operations | (2,608,276) | 1,355,190 | (5,558,403) | 7,448,214 |
| Net loss from discontinued operations, net of tax | 0 | 0 | (99,334) | 0 |
| Net (loss) income | $ (2,608,276) | $ 1,355,190 | $ (5,657,737) | $ 7,448,214 |
| Net (loss) income per common share from continuing operations, per basic share | $ (0.30) | $ 0.16 | $ (0.64) | $ 0.85 |
| Net (loss) income per common share from continuing operations, per diluted share | (0.30) | 0.16 | (0.64) | 0.85 |
| Net loss per common share from discontinued operations, per basic share | 0.00 | 0.00 | (0.01) | 0.00 |
| Net loss per common share from discontinued operations, per diluted share | $ 0.00 | $ 0.00 | $ (0.01) | $ 0.00 |
| Weighted average shares outstanding: | ||||
| Basic (shares) | 8,658,361 | 8,721,833 | 8,644,437 | 8,719,612 |
| Dilutive effect from stock options and grants (shares) | 0 | 0 | 0 | 6,559 |
| Diluted (shares) | 8,658,361 | 8,721,833 | 8,644,437 | 8,726,171 |
| Sale-leaseback Transaction [Member] | ||||
| Loss on sale-leaseback | $ 2,455,347 | $ 0 | $ 2,455,347 | $ 0 |
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- Definition Total costs related to goods produced and sold during the reporting period. Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs No definition available.
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- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Represents the charge against earnings during the period for commitment fees and debt issuance expenses. No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, bad debt expense, environmental costs, etc. No definition available.
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount (to the extent disclosed within this portion of the income statement) by which an insurance settlement exceeds incremental costs incurred from the event causing an interruption of business, plus the insurance award for earnings lost from the event, such as a natural catastrophe, explosion or fire. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Details
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