v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)        
Net sales $ 127,636 $ 133,761 $ 388,508 $ 321,994
Cost of sales 97,001 97,033 282,823 241,501
Gross profit 30,635 36,728 105,685 80,493
Selling, general, and administrative expense 17,607 16,428 59,488 47,435
Impairment charges       127,872
Intangibles amortization 2,642 2,737 8,052 8,214
Income (loss) from operations 10,386 17,563 38,145 (103,028)
Interest expense, net (2,167) (5,007) (9,514) (15,709)
Debt modification expense   (237)   (3,429)
Loss on extinguishment of debt     (4,936)  
Other income (expense), net 15 145 123 (33)
Income (loss) before taxes 8,234 12,464 23,818 (122,199)
Income tax expense (benefit) 1,204 3,234 1,943 (17,484)
Net income (loss) $ 7,030 $ 9,230 $ 21,875 $ (104,715)
Weighted average number of common shares outstanding:        
Basic (in shares) 22,980,951 22,857,457 22,945,617 22,842,777
Diluted (in shares) 22,992,793 22,878,002 22,960,334 22,842,777
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.30 $ 0.40 $ 0.94 $ (4.60)
Diluted (in dollars per share) 0.30 0.39 0.92 (4.60)
Cash dividends declared per share (in dollars per share) 0.29 0.28 0.86 0.84
Cash dividends paid per share (in dollars per share) $ 0.29 $ 0.28 $ 0.86 $ 0.84
Comprehensive income (loss) $ 7,611 $ 9,719 $ 23,880 $ (108,038)

Source