Annual report pursuant to Section 13 and 15(d)

Quarterly Results

v3.6.0.2
Quarterly Results
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)
The following is a summary of quarterly operations for 2016 and 2015:
(Amounts in thousands except for per share data)
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
2016
 
 
 
 
 
 
 
Net sales from continuing operations
$
36,312

 
$
34,907

 
$
34,297

 
$
33,050

Gross profit from continuing operations
4,718

 
3,998

 
4,504

 
3,684

Net loss from continuing operations
(1,367
)
 
(1,584
)
 
(2,608
)
 
(1,435
)
Loss from discontinued operations, net of tax
—

 
(99
)
 
—

 
—

Net loss
(1,367
)
 
(1,683
)
 
(2,608
)
 
(1,435
)
 
 
 
 
 
 
 
 
Per common share from continuing operations
 

 
 

 
 

 
 

Basic
(0.16
)
 
(0.18
)
 
(0.30
)
 
(0.17
)
Diluted
(0.16
)
 
(0.18
)
 
(0.30
)
 
(0.17
)
 
 
 
 
 
 
 
 
Per common share from discontinued operations
 
 
 
 
 
 
 
Basic
—

 
(0.01
)
 
—

 
—

Diluted
—

 
(0.01
)
 
—

 
—

 
 
 
 
 
 
 
 
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
)

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