Annual report pursuant to Section 13 and 15(d)

Quarterly Operating Results

v3.7.0.1
Quarterly Operating Results
 12 Months Ended
Dec. 31, 2016
Quarterly Operating Results [Abstract]  
Quarterly Operating Results

Quarterly Operating Results

(in thousands except per share amounts)

Unaudited







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Quarter Ended



 

March 31

 

June 30

 

Sep 30

 

Dec 31

2016

 

 

 

 

 

 

 

 

Sales

$

 24,666 

$

 26,311 

$

 25,617 

$

 22,759 

Operating income (loss)1

 

 1,280 

 

 (2,671)

 

 (1,175)

 

 (1,891)

Net loss

 

 (2,467)

 

 (2,544)

 

 (1,264)

 

 (1,839)



 

 

 

 

 

 

 

 

Basic net loss per share

$

 (0.28)

$

 (0.29)

$

 (0.14)

$

 (0.21)

Diluted net loss per share

$

 (0.28)

$

 (0.29)

$

 (0.14)

$

 (0.21)



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

Sales

$

 19,545 

$

 28,198 

$

 32,246 

$

 27,681 

Operating (loss) income

 

 (5,691)

 

 (1,718)

 

 431 

 

 (3,528)

Net (loss) income

 

 (4,163)

 

 (1,028)

 

 1,284 

 

 (5,741)



 

 

 

 

 

 

 

 

Basic net (loss) income per share

$

 (0.48)

$

 (0.12)

$

 0.15 

$

 (0.66)

Diluted net (loss) income per share

$

 (0.48)

$

 (0.12)

$

 0.15 

$

 (0.66)



1 As part of the settlement of our pension plan, the Company recorded $4.1 million in pension liability gains previously recorded in accumulated other comprehensive income within operating expenses during 2016.  Additionally, the Company recognized $4.2 million in foreign currency translation losses within Other (Expense) Income due to the substantial liquidation of our Austin Taylor subsidiary in the U.K.