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Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 49,259 $ 41,601 $ 93,013 $ 82,123
Operating expenses        
Labor 28,366 25,613 54,718 49,561
Production and distribution 12,460 10,518 23,729 23,764
Advertising, selling, general and administrative 4,591 5,093 8,712 11,041
Restructuring expense 1,744 5,219 3,942 6,585
Depreciation expense 663 1,043 1,361 2,164
Total operating expenses 47,824 47,486 92,462 93,115
Operating income (loss) 1,435 (5,885) 551 (10,992)
Other (income) expenses        
Interest expense, net 155 298 423 609
Gain from extinguishment of debt (Paycheck Protection Program Term Note) (10,000) 0 (10,000) 0
Other, net 456 1,570 471 2,327
Total other (income) expenses (9,389) 1,868 (9,106) 2,936
Income (loss) before income taxes 10,824 (7,753) 9,657 (13,928)
Income tax expense (benefit) 255 (1,518) 846 (12,811)
Net income (loss) 10,569 (6,235) 8,811 (1,117)
Less: Preferred Stock dividends 124 123 246 247
Less: Earnings attributable to participating securities 1,361 0 1,118 0
Income (loss) attributable to common stockholders $ 9,084 $ (6,358) $ 7,447 $ (1,364)
Earnings (loss) per common share        
Basic (in dollars per share) $ 1.36 $ (0.99) $ 1.12 $ (0.21)
Diluted (in dollars per share) $ 1.27 $ (0.99) $ 1.05 $ (0.21)
Weighted average shares used to compute income (loss) per share attributable to common shares        
Basic (in shares) 6,686 6,453 6,669 6,386
Diluted (in shares) 7,193 6,453 7,131 6,386
Comprehensive income (loss), net of tax:        
Net Income (loss) $ 10,569 $ (6,235) $ 8,811 $ (1,117)
Adjustment to pension liability, net 860 609 1,596 1,218
Foreign currency translation adjustment (4) 496 (462) (62)
Total other comprehensive income, net of tax 856 1,105 1,134 1,156
Comprehensive income (loss) 11,425 (5,130) 9,945 39
Revenue $ 49,259 $ 41,601 $ 93,013 $ 82,123