v3.20.2
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net sales $ 119,294 $ 143,842 $ 248,777 $ 290,693
Cost of sales 74,575 87,615 152,208 177,958
Gross profit 44,719 56,227 96,569 112,735
Selling, engineering and administrative expenses 23,600 25,309 49,264 51,465
Amortization of intangible assets 4,417 4,545 8,765 9,066
Goodwill impairment     31,871  
Operating income 16,702 26,373 6,669 52,204
Interest expense, net 2,891 4,048 5,842 8,433
Foreign currency transaction loss, net 283 501 408 62
Miscellaneous expense (income), net 18 (157) (76) (50)
Change in fair value of contingent consideration (34) 56 (34) 775
Income before income taxes 13,544 21,925 529 42,984
Income tax provision 636 4,660 4,844 9,315
Net (loss) income $ 12,908 $ 17,265 $ (4,315) $ 33,669
Basic and diluted net (loss) income per common share $ 0.40 $ 0.54 $ (0.13) $ 1.05
Basic and diluted weighted average shares outstanding 32,081 32,012 32,071 31,995
Dividends declared per share $ 0.09 $ 0.09 $ 0.18 $ 0.18

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