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Note 20 - Quarterly Data (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Quarterly Financial Information [Text Block] |
20 . | QUARTERLY DATA (UNAUDITED):
Summarized quarterly financial data, adjusted for discontinued operations and adoption of ASU 2017 - 07, is as follows (in thousands, except per share amounts).
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Total |
For the Year Ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 33,365 |  |  | $ | 28,785 |  |  | $ | 52,455 |  |  | $ | 57,544 |  |  | $ | 172,149 |
Gross profit (loss) |  |  | 1,348 |  |  |  | (1,238 | ) |  |  | 5,203 |  |  |  | 6,783 |  |  |  | 12,096 |
Operating income (loss) (1) |  |  | (2,342 | ) |  |  | (5,827 | ) |  |  | 2,497 |  |  |  | 2,701 |  |  |  | (2,971 | )
Net income (loss) (2) |  |  | (1,951 | ) |  |  | (5,686 | ) |  |  | 27,801 |  |  |  | 148 |  |  |  | 20,312 |
Income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.20 | ) |  | $ | (0.59 | ) |  | $ | 2.86 |  |  | $ | 0.02 |  |  | $ | 2.09 |
Diluted |  | $ | (0.20 | ) |  | $ | (0.59 | ) |  | $ | 2.86 |  |  | $ | 0.02 |  |  | $ | 2.09 |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Total |
For the Year Ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 29,657 |  |  | $ | 28,692 |  |  | $ | 38,804 |  |  | $ | 35,627 |  |  | $ | 132,780 |
Gross profit (3) |  |  | 1,243 |  |  |  | 746 |  |  |  | 1,993 |  |  |  | 1,833 |  |  |  | 5,815 |
Operating loss |  |  | (3,478 | ) |  |  | (2,826 | ) |  |  | (1,430 | ) |  |  | (1,475 | ) |  |  | (9,209 | )
Loss from continuing operations |  |  | (3,542 | ) |  |  | (1,421 | ) |  |  | (1,587 | ) |  |  | (1,842 | ) |  |  | (8,392 | )
Loss on discontinued operations |  |  | (326 | ) |  |  | (647 | ) |  |  | (482 | ) |  |  | (316 | ) |  |  | (1,771 | )
Net loss |  |  | (3,868 | ) |  |  | (2,068 | ) |  |  | (2,069 | ) |  |  | (2,158 | ) |  |  | (10,163 | )
Basic and diluted loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (0.37 | ) |  | $ | (0.15 | ) |  | $ | (0.16 | ) |  | $ | (0.20 | ) |  | $ | (0.88 | )
Discontinued operations |  |  | (0.03 | ) |  |  | (0.07 | ) |  |  | (0.05 | ) |  |  | (0.03 | ) |  |  | (0.18 | )
Net loss per share |  | $ | (0.40 | ) |  | $ | (0.22 | ) |  | $ | (0.21 | ) |  | $ | (0.23 | ) |  | $ | (1.06 | )
| ( 1 ) | Operating income for the third quarter of 2018 includes a gain on sale of facility of $2.8 million for the sale of property in Houston, Texas. Operating income for the fourth quarter of 2018 includes a gain on sale of facility of $0.2 million for the sale of the Monterrey, Mexico facility.
| ( 2 ) | Net income for the third quarter of 2018 includes a preliminary bargain purchase gain of $21.9 million. Net income for the fourth quarter of 2018 includes a measurement period adjustment of $1.8 million to decrease the bargain purchase gain.
| ( 3 ) | Gross profit for the fourth quarter of 2017 includes a charge of $1.2 million to cost of sales as a result of a change in estimate to workers compensation reserves.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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