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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue $ 47,119 $ 53,886 $ 142,001 $ 151,500
Operating expenses        
Labor 22,953 27,389 74,084 78,415
Production and distribution 15,378 16,175 43,158 42,400
Advertising, selling, general and administrative 4,922 5,970 16,071 17,243
Depreciation and amortization expense 952 579 3,051 1,764
Total operating expenses 44,205 50,113 136,364 139,822
Operating income 2,914 3,773 5,637 11,678
Other expense (income), net        
Interest expense, net 1 84 (150) 313
Other expense (income), net 383 (4,696) 3,760 (5,951)
Total other expense (income), net 384 (4,612) 3,610 (5,638)
Income before income taxes 2,530 8,385 2,027 17,316
Income tax expense 1,912 1,219 1,620 2,344
Net income 618 7,166 407 14,972
Less: Preferred Stock dividends 0 125 0 371
Less: Earnings attributable to participating securities 0 868 0 1,817
Net income attributable to common stockholders $ 618 $ 6,173 $ 407 $ 12,784
Earnings per common share        
Basic (in dollars per share) $ 0.09 $ 0.87 $ 0.06 $ 1.81
Diluted (in dollars per share) $ 0.08 $ 0.83 $ 0.05 $ 1.73
Weighted average shares used to compute income per share attributable to common shares        
Basic (in shares) 7,239 7,125 7,340 7,045
Diluted (in shares) 7,314 7,524 7,509 7,418
Comprehensive income, net of tax:        
Net Income $ 618 $ 7,166 $ 407 $ 14,972
Adjustment to pension liability, net 503 719 1,421 2,307
Foreign currency translation adjustment (559) (3,007) 1,645 (6,118)
Total other comprehensive (loss) income, net of tax (56) (2,288) 3,066 (3,811)
Comprehensive income $ 562 $ 4,878 $ 3,473 $ 11,161