Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Jul. 02, 2016
Jun. 27, 2015
Income Statement [Abstract]        
Net sales $ 111,552 $ 120,525 $ 310,883 $ 328,947
Cost of goods sold 86,566 95,041 241,301 266,902
Gross profit 24,986 25,484 69,582 62,045
Selling, general and administrative expenses 19,396 19,641 56,311 59,821
Change in fair value of contingent consideration (300) (630) (600) (500)
Gain on sale of business 0 0 0 (7,704)
Restructuring costs 1,663 0 1,663 0
Other income, net 0 (424) (178) (579)
Operating income 4,227 6,897 12,386 11,007
Interest expense, net 1,338 1,528 4,009 4,547
Income before provision for income taxes 2,889 5,369 8,377 6,460
Provision for income taxes 347 951 1,716 2,607
Net income $ 2,542 $ 4,418 $ 6,661 $ 3,853
Basic earnings per share (in dollars per share) $ 0.33 $ 0.56 $ 0.86 $ 0.49
Diluted earnings per share (in dollars per share) $ 0.32 $ 0.55 $ 0.84 $ 0.48
Weighted average number of shares outstanding (in shares) 7,714 7,889 7,736 7,887
Dilutive effect of stock options and awards (in shares) 288 210 235 202
Weighted average number of shares assuming dilution (in shares) 8,002 8,099 7,971 8,089