Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Apr. 01, 2017
Apr. 02, 2016
Income Statement [Abstract]        
Net sales $ 104,138 $ 109,160 $ 189,473 $ 199,331
Cost of goods sold 79,908 83,434 147,685 154,736
Gross profit 24,230 25,726 41,788 44,595
Selling, general and administrative expenses 18,250 20,032 35,559 36,916
Change in fair value of contingent consideration (100) (100) (200) (300)
Gain on sale of business (1,295) 0 (1,295) 0
Other income, net (145) (137) (267) (177)
Operating income 7,520 5,931 7,991 8,156
Interest expense, net 1,312 1,396 2,613 2,671
Income before provision for income taxes 6,208 4,535 5,378 5,485
Provision for income taxes 1,661 1,099 1,436 1,369
Net income $ 4,547 $ 3,436 $ 3,942 $ 4,116
Basic earnings per share (in dollars per share) $ 0.60 $ 0.44 $ 0.52 $ 0.53
Diluted earnings per share (in dollars per share) $ 0.58 $ 0.43 $ 0.50 $ 0.52
Weighted average number of shares outstanding (in shares) 7,600 7,735 7,599 7,748
Dilutive effect of stock options and awards (in shares) 245 229 271 211
Weighted average number of shares assuming dilution (in shares) 7,845 7,964 7,870 7,959