| Quarterly Operating Results |
Quarterly Operating Results
(in thousands except per share amounts)
Unaudited
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Quarter Ended
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March 31
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June 30
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Sep 30
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Dec 31
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2019
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Sales
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$
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11,216
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$
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10,704
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$
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13,622
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$
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15,364
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Operating (loss) income from continuing operations
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(821)
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(1,129)
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772
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1,187
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Net (loss) income from continuing operations
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(771)
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(1,069)
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877
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1,214
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Net income from discontinued operations
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1,010
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3,842
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860
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506
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Net income
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239
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2,773
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1,737
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1,720
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Basic net (loss) income per share
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Continuing operations
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$
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(0.08)
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$
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(0.11)
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$
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0.09
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$
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0.13
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Discontinued operations
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$
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0.11
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$
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0.41
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$
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0.09
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$
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0.06
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Diluted net (loss) income per share
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Continuing operations
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$
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(0.08)
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$
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(0.11)
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$
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0.09
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$
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0.13
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Discontinued operations
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$
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0.11
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$
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0.41
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$
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0.09
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$
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0.05
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2018
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Sales
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$
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9,800
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$
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9,165
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$
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10,283
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$
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13,121
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Operating (loss) income from continuing operations
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(1,916)
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(1,804)
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(1,251)
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220
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Net loss from continuing operations
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(1,826)
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(1,719)
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(1,189)
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(197)
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Net loss from discontinued operations
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(34)
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(922)
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(356)
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(549)
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Net loss
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(1,860)
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(2,641)
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(1,545)
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(746)
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Basic net loss per share
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Continuing operations
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$
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(0.20)
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$
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(0.19)
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$
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(0.13)
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$
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(0.02)
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Discontinued operations
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$
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(0.00)
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$
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(0.10)
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$
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(0.04)
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$
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(0.07)
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Diluted net loss per share
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Continuing operations
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$
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(0.20)
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$
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(0.19)
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$
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(0.13)
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$
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(0.02)
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Discontinued operations
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$
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(0.00)
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$
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(0.10)
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$
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(0.04)
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$
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(0.07)
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The company recorded a gain of $2,967,000 on the sale of inventory and capital equipment to PPC in the second quarter.
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