XML 16 R5.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) 2 - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 53,886     $ 49,597     $ 151,500 $ 142,610
Operating expenses                
Labor 27,364     27,165     78,567 81,883
Production and distribution 17,443     12,146     46,171 35,875
Advertising, selling, general and administrative 4,727     4,516     13,320 13,228
Restructuring expense 0     937     0 4,880
Depreciation expense 579     607     1,764 1,968
Total operating expenses 50,113     45,371     139,822 137,834
Operating income 3,773     4,226     11,678 4,776
Other income, net                
Interest expense, net 84     222     313 645
Gain from extinguishment of debt (Paycheck Protection Program Term Note)             0 (10,000)
Other income, net (4,696)     (572)     (5,951) (102)
Total other income, net (4,612)     (350)     (5,638) (9,457)
Income before income taxes 8,385     4,576     17,316 14,233
Income tax expense 1,219     172     2,344 1,018
Net income 7,166 $ 4,461 $ 3,345 4,404 $ 10,569 $ (1,758) 14,972 13,215
Less: Preferred Stock dividends 125     125     371 372
Less: Earnings attributable to participating securities 868     543     1,817 1,661
Income attributable to common stockholders $ 6,173     $ 3,736     $ 12,784 $ 11,182
Earnings per common share                
Basic (in dollars per share) $ 0.87     $ 0.54     $ 1.81 $ 1.66
Diluted (in dollars per share) $ 0.83     $ 0.52     $ 1.73 $ 1.57
Weighted average shares used to compute income per share attributable to common shares                
Basic (in shares) 7,125     6,889     7,045 6,743
Diluted (in shares) 7,524     7,162     7,418 7,153
Comprehensive income, net of tax:                
Net income $ 7,166 4,461 3,345 $ 4,404 10,569 (1,758) $ 14,972 $ 13,215
Adjustment to pension liability, net 719     861     2,307 2,457
Foreign currency translation adjustment (3,007)     (1,251)     (6,118) (1,713)
Total other comprehensive loss, net of tax (2,288) $ (2,029) $ 506 (390) $ 856 $ 278 (3,811) 744
Comprehensive income $ 4,878     $ 4,014     $ 11,161 $ 13,959