v3.20.2
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Income Statement [Abstract]        
Net sales $ 122,645 $ 138,045 $ 371,422 $ 428,738
Cost of sales 75,702 85,926 227,910 263,884
Gross profit 46,943 52,119 143,512 164,854
Selling, engineering and administrative expenses 24,042 24,066 73,306 75,531
Restructuring charges   1,724   1,724
Amortization of intangible assets 4,558 4,478 13,323 13,544
Goodwill impairment     31,871  
Loss on disposal of intangible asset   2,713   2,713
Operating income 18,343 19,138 25,012 71,342
Interest expense, net 2,730 3,790 8,572 12,223
Foreign currency transaction (gain) loss, net (727) 30 (319) 92
Miscellaneous income, net (9) (72) (85) (122)
Change in fair value of contingent consideration (13) (72) (47) 703
Income before income taxes 16,362 15,462 16,891 58,446
Income tax provision 3,380 2,671 8,224 11,986
Net (loss) income $ 12,982 $ 12,791 $ 8,667 $ 46,460
Basic and diluted net (loss) income per common share $ 0.40 $ 0.40 $ 0.27 $ 1.45
Basic and diluted weighted average shares outstanding 32,095 32,027 32,079 32,006
Dividends declared per share $ 0.09 $ 0.09 $ 0.27 $ 0.27

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