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Note 20 - Quarterly Data (Unaudited)
 12 Months Ended
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.