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Note 20 - Quarterly Consolidated Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Quarterly Financial Information [Text Block] |
(20) | QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited)
The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2021. In our opinion, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of results for the full year or for any future period. Year-over-year quarterly comparisons of our results of operations may not be as meaningful as the sequential quarterly comparisons set forth below that tend to reflect the cyclical and seasonal activity of the Semi Market. Quarterly fluctuations in expenses are related directly to sales activity and volume and may also reflect the timing of operating expenses incurred throughout the year.
|  | Quarters Ended |  |  |  |  |
|  | 3/31/21(1) |  |  | 6/30/21(2) |  |  | 9/30/21(3) |  |  | 12/31/21(4) |  |  | Total |
Revenue |  | $ | 19,556 |  |  | $ | 21,820 |  |  | $ | 21,144 |  |  | $ | 22,358 |  |  | $ | 84,878 |
Gross margin |  |  | 9,521 |  |  |  | 10,962 |  |  |  | 10,395 |  |  |  | 10,346 |  |  |  | 41,224 |
Earnings before income tax expense (benefit) |  |  | 2,578 |  |  |  | 3,056 |  |  |  | 2,532 |  |  |  | 236 |  |  |  | 8,402 |
Income tax expense (benefit) |  |  | 366 |  |  |  | 447 |  |  |  | 357 |  |  |  | (51 | ) |  |  | 1,119 |
Net earnings (loss) |  |  | 2,212 |  |  |  | 2,609 |  |  |  | 2,175 |  |  |  | 287 |  |  |  | 7,283 |
Net earnings per common share – basic |  | $ | 0.21 |  |  | $ | 0.25 |  |  | $ | 0.21 |  |  | $ | 0.03 |  |  | $ | 0.70 |
Weighted average common shares outstanding – basic |  |  | 10,329,449 |  |  |  | 10,442,916 |  |  |  | 10,496,188 |  |  |  | 10,580,431 |  |  |  | 10,462,246 |
Net earnings per common share – diluted |  | $ | 0.21 |  |  | $ | 0.24 |  |  | $ | 0.20 |  |  | $ | 0.03 |  |  | $ | 0.68 |
Weighted average common shares outstanding – diluted |  |  | 10,525,826 |  |  |  | 10,764,936 |  |  |  | 10,792,290 |  |  |  | 10,836,396 |  |  |  | 10,729,862 |
|  | Quarters Ended |  |  |  |  |
|  | 3/31/20(5) |  |  | 6/30/20(6) |  |  | 9/30/20(7) |  |  | 12/31/20(8) |  |  | Total |
Revenue |  | $ | 11,230 |  |  | $ | 13,275 |  |  | $ | 14,443 |  |  | $ | 14,875 |  |  | $ | 53,823 |
Gross margin |  |  | 4,867 |  |  |  | 6,067 |  |  |  | 6,450 |  |  |  | 6,720 |  |  |  | 24,104 |
Earnings (loss) before income tax expense (benefit) |  |  | (1,393 | ) |  |  | 183 |  |  |  | 433 |  |  |  | (454 | ) |  |  | (1,231 | )
Income tax expense (benefit) |  |  | (250 | ) |  |  | 13 |  |  |  | (25 | ) |  |  | (74 | ) |  |  | (336 | )
Net earnings (loss) |  |  | (1,143 | ) |  |  | 170 |  |  |  | 458 |  |  |  | (380 | ) |  |  | (895 | )
Net earnings (loss) per common share – basic |  | $ | (0.11 | ) |  | $ | 0.02 |  |  | $ | 0.04 |  |  | $ | (0.04 | ) |  | $ | (0.09 | )
Weighted average common shares outstanding – basic |  |  | 10,220,853 |  |  |  | 10,252,490 |  |  |  | 10,269,995 |  |  |  | 10,282,903 |  |  |  | 10,256,560 |
Net earnings (loss) per common share – diluted |  | $ | (0.11 | ) |  | $ | 0.02 |  |  | $ | 0.04 |  |  | $ | (0.04 | ) |  | $ | (0.09 | )
Weighted average common shares outstanding – diluted |  |  | 10,220,853 |  |  |  | 10,258,917 |  |  |  | 10,287,562 |  |  |  | 10,282,903 |  |  |  | 10,256,560 |
| (1) | The quarter ended March 31, 2021 includes $55 of restructuring and other charges which are discussed in Note 5.
| (2) | The quarter ended June 30, 2021 includes $197 of restructuring and other charges which are discussed in Note 5.
| (3) | The quarter ended September 30, 2021 includes $51 of restructuring and other charges which are discussed in Note 5.
| (4) | The quarter ended December 31, 2021 includes a recovery of $17 of restructuring and other charges which are discussed in Note 5.
| (5) | The quarter ended March 31, 2020 includes $8 of restructuring and other charges which are discussed in Note 5.
| (6) | The quarter ended June 30, 2020 includes $38 of restructuring and other charges which are discussed in Note 5.
| (7) | The quarter ended September 30, 2020 includes $161 of restructuring and other charges which are discussed in Note 5.
| (8) | The quarter ended December 31, 2020 includes $1,078 of restructuring and other charges which are discussed in Note 5.

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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