Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 02, 2016
Mar. 28, 2015
Apr. 02, 2016
Mar. 28, 2015
Income Statement [Abstract]        
Net sales $ 109,160 $ 115,042 $ 199,331 $ 208,422
Cost of goods sold 83,434 93,807 154,736 171,861
Gross profit 25,726 21,235 44,595 36,561
Selling, general and administrative expenses 20,032 21,640 36,916 40,180
Change in fair value of contingent consideration (100) 65 (300) 130
Gain on sale of business 0 (7,704) 0 (7,704)
Other income, net (137) (94) (177) (155)
Operating income 5,931 7,328 8,156 4,110
Interest expense, net 1,396 1,491 2,671 3,019
Income before provision for income taxes 4,535 5,837 5,485 1,091
Provision for income taxes 1,099 2,191 1,369 1,656
Net income (loss) $ 3,436 $ 3,646 $ 4,116 $ (565)
Basic earnings (loss) per share (in dollars per share) $ 0.44 $ 0.46 $ 0.53 $ (0.07)
Diluted earnings (loss) per share (in dollars per share) $ 0.43 $ 0.46 $ 0.52 $ (0.07)
Weighted average number of shares outstanding (in shares) 7,735 7,892 7,748 7,886
Dilutive effect of stock options and awards (in shares) 229 78 211 0
Weighted average number of shares assuming dilution (in shares) 7,964 7,970 7,959 7,886