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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 52,335 $ 116,505 $ 191,046 $ 301,140
Cost of sales 54,846 100,685 192,259 269,689
Gross profit (loss) (2,511) 15,820 (1,213) 31,451
Selling, general and administrative expense $ 4,773 $ 6,489 17,199 $ 17,847
Impairment of goodwill 5,282
Operating income (loss) $ (7,284) $ 9,331 (23,694) $ 13,604
Other income 24 39 82 2
Interest income 10 220 173 383
Interest expense (195) (457) (898) (1,796)
Income (loss) before income taxes (7,445) 9,133 (24,337) 12,193
Income tax expense (benefit) (5,930) 3,275 (8,642) 4,364
Income (loss) from continuing operations $ (1,515) 5,858 $ (15,695) 7,829
Discontinued operations:        
Income (loss) from operations of discontinued business 46 (2,601)
Loss on sale of business (1,414) (13,497)
Income tax benefit (531) (4,378)
Loss on discontinued operations (837) (11,720)
Net income (loss) $ (1,515) $ 5,021 $ (15,695) $ (3,891)
Basic income (loss) per share        
Continuing operations (in dollars per share) $ (0.16) $ 0.62 $ (1.64) $ 0.82
Discontinued operations (in dollars per share) (0.09) (1.23)
Total (in dollars per share) $ (0.16) 0.53 $ (1.64) (0.41)
Diluted income (loss) per share        
Continuing operations (in dollars per share) $ (0.16) 0.61 $ (1.64) 0.82
Discontinued operations (in dollars per share) (0.09) (1.23)
Total (in dollars per share) $ (0.16) $ 0.52 $ (1.64) $ (0.41)
Shares used in per share calculations:        
Basic (in shares) 9,565 9,519 9,558 9,513
Diluted (in shares) 9,565 9,616 9,558 9,595