Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Mar. 31, 2018
Apr. 01, 2017
Income Statement [Abstract]        
Net sales $ 100,004 $ 104,138 $ 190,346 $ 189,473
Cost of goods sold 77,769 79,908 151,741 147,685
Gross profit 22,235 24,230 38,605 41,788
Selling, general and administrative expenses 16,737 18,250 31,717 35,559
Change in fair value of contingent consideration (100) (100) (400) (200)
Gain on sale of business 0 (1,295) 0 (1,295)
Other income, net (16) (145) (64) (267)
Operating income 5,614 7,520 7,352 7,991
Interest expense, net 1,350 1,312 2,685 2,613
Income before provision for income taxes 4,264 6,208 4,667 5,378
Provision for income taxes 632 1,661 10,988 1,436
Net income (loss) $ 3,632 $ 4,547 $ (6,321) $ 3,942
Basic earnings (loss) per share (in dollars per share) $ 0.50 $ 0.60 $ (0.87) $ 0.52
Diluted earnings (loss) per share (in dollars per share) $ 0.48 $ 0.58 $ (0.87) $ 0.50
Weighted average number of shares outstanding (in shares) 7,195 7,600 7,231 7,599
Dilutive effect of stock options and awards (in shares) 301 245 0 271
Weighted average number of shares assuming dilution (in shares) 7,496 7,845 7,231 7,870