Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.24.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Net sales $ 193,179 $ 261,993
Cost of sales 191,653 218,706
Gross profit 1,526 43,287
Selling, general and administrative expense 26,712 27,640
Acquisition costs and other 855 1,104
Goodwill impairment 11,389 0
Operating (loss) income from continuing operations (37,430) 14,543
Other (income) and expense    
Interest expense 4,238 2,742
Other, net (593) (209)
(Loss) income from continuing operations before income taxes (41,075) 12,010
Income tax benefit (6,924) (5,568)
(Loss) income from continuing operations (34,151) 17,578
Income from discontinued operations, net of tax 7,522 4,488
Net (loss) income $ (26,629) $ 22,066
Net (loss) income per common share from continuing operations    
Basic (in dollars per share) $ (3.37) $ 1.72
Diluted (in dollars per share) (3.37) 1.69
Net income per common share from discontinued operations    
Basic (in dollars per share) 0.74 0.44
Diluted (in dollars per share) 0.74 0.43
Net (loss) income per common share    
Basic (in dollars per share) (2.63) 2.16
Diluted (in dollars per share) $ (2.63) $ 2.12
Weighted average number of common shares outstanding:    
Basic (in shares) 10,140 10,230
Diluted (in shares) 10,140 10,410