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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 52,455,000 $ 38,804,000 $ 114,605,000 $ 97,153,000
Cost of sales 47,252,000 36,811,000 109,292,000 93,171,000
Gross profit 5,203,000 1,993,000 5,313,000 3,982,000
Selling, general and administrative expense 5,332,000 3,423,000 12,523,000 10,835,000
Gain on sale of property (2,760,000) (2,760,000)
Restructuring expense 134,000 0 1,222,000 881,000
Operating income (loss) 2,497,000 (1,430,000) (5,672,000) (7,734,000)
Bargain purchase gain 21,880,000 21,880,000
Other income (expense) 59,000 (81,000) 249,000 (54,000)
Interest income 38,000 256,000
Interest expense (129,000) (117,000) (385,000) (369,000)
Income (loss) from continuing operations before income taxes 24,345,000 (1,628,000) 16,328,000 (8,157,000)
Income tax benefit (3,456,000) (41,000) (3,836,000) (1,607,000)
Income (loss) from continuing operations 27,801,000 (1,587,000) 20,164,000 (6,550,000)
Discontinued operations:        
Loss from operations of discontinued operations (456,000) (1,459,000)
Income tax expense (benefit) 26,000 (4,000)
Loss on discontinued operations (482,000) (1,455,000)
Net income (loss) $ 27,801,000 $ (2,069,000) $ 20,164,000 $ (8,005,000)
Basic income (loss) per share:        
Continuing operations (in dollars per share) $ 2.86 $ (0.16) $ 2.07 $ (0.68)
Discontinued operations (in dollars per share) (0.05) (0.15)
Net income (loss) per share (in dollars per share) 2.86 (0.21) 2.07 (0.83)
Diluted income (loss) per share:        
Continuing operations (in dollars per share) 2.86 (0.16) 2.07 (0.68)
Discontinued operations (in dollars per share) (0.05) (0.15)
Net income (loss) per share (in dollars per share) $ 2.86 $ (0.21) $ 2.07 $ (0.83)
Shares used in per share calculations:        
Basic (in shares) 9,735 9,620 9,723 9,611
Diluted (in shares) 9,735 9,620 9,732 9,611