XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues $ 46,491 $ 54,926 $ 79,219 $ 103,560
Cost of sales 44,293 49,509 76,739 91,971
Gross profit 2,198 5,417 2,480 11,589
OPERATING EXPENSES:        
Selling, general and administrative 4,325 4,198 8,735 8,507
Intangible amortization 184 184 367 367
Total operating expenses 4,509 4,382 9,102 8,874
Operating (loss) income (2,311) 1,035 (6,622) 2,715
OTHER INCOME (EXPENSE), net:        
Paycheck Protection Program loan forgiveness 9,151 0 9,151 0
Interest expense, net (318) (474) (547) (1,147)
Other, net 3,775 (1) 7,137 (3)
Total other income (expense), net 12,608 (475) 15,741 (1,150)
Net income before provision for income taxes 10,297 560 9,119 1,565
Provision for income taxes 45 31 77 83
NET INCOME $ 10,252 $ 529 $ 9,042 $ 1,482
NET INCOME PER COMMON SHARE—BASIC:        
Net income (in dollars per share) $ 0.55 $ 0.03 $ 0.50 $ 0.09
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares) 18,760,910 16,760,702 17,973,896 16,678,469
NET INCOME PER COMMON SHARE—DILUTED:        
Net income (in dollars per share) $ 0.53 $ 0.03 $ 0.48 $ 0.09
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares) 19,400,060 17,124,619 18,863,770 16,933,805