THE DIXIE GROUP, INC.
Consolidated Condensed Statements of Operations
(unaudited; in thousands, except earnings per share)
| | | | | | | | | | | | | | | | | |
| | Three Months Ended Twelve Months Ended |
| | December 26,
2020 | December 28,
2019 | | December 26,
2020 | December 28,
2019 |
| | | | | |
| NET SALES | $ | 88,618 | | $ | 90,135 | | | $ | 315,939 | | $ | 374,582 | |
| Cost of sales | 65,640 | | 67,415 | | | 239,483 | | 288,377 | |
| GROSS PROFIT | 22,978 | | 22,720 | | | 76,456 | | 86,205 | |
| Selling and administrative expenses | 19,477 | | 20,015 | | | 75,731 | | 83,825 | |
| Other operating (income) expense, net | 55 | | (24,136) | | | (108) | | (23,988) | |
| Facility consolidation and severance expenses, net | 1,967 | | 160 | | | 3,752 | | 5,019 | |
| Impairment of assets | — | | — | | | — | | — | |
| OPERATING INCOME (LOSS) | 1,479 | | 26,681 | | | (2,919) | | 21,349 | |
| Interest expense | 1,599 | | 1,358 | | | 5,803 | | 6,444 | |
| Other (income) expense, net | 593 | | (13) | | | 678 | | (57) | |
| | | | | |
| | | | | |
| Income (loss) from continuing operations before taxes | (713) | | 25,336 | | | (9,400) | | 14,962 | |
| Income tax provision (benefit) | (312) | | (683) | | | (312) | | (657) | |
| Income (loss) from continuing operations | (401) | | 26,019 | | | (9,088) | | 15,619 | |
| Income (loss) from discontinued operations, net of tax | 83 | | (305) | | | (120) | | (348) | |
| NET INCOME (LOSS) | $ | (318) | | $ | 25,714 | | | $ | (9,208) | | $ | 15,271 | |
| | | | | |
| BASIC EARNINGS (LOSS) PER SHARE: | | | | | |
| Continuing operations | $ | (0.03) | | $ | 1.61 | | | $ | (0.59) | | $ | 0.96 | |
| Discontinued operations | 0.01 | | (0.02) | | | (0.01) | | (0.02) | |
| Net income (loss) | $ | (0.02) | | $ | 1.59 | | | $ | (0.60) | | $ | 0.94 | |
| | | | | |
| DILUTED EARNINGS (LOSS) PER SHARE: | | | | | |
| Continuing operations | $ | (0.03) | | $ | 1.60 | | | $ | (0.59) | | $ | 0.95 | |
| Discontinued operations | 0.01 | | (0.02) | | | (0.01) | | (0.02) | |
| Net income (loss) | $ | (0.02) | | $ | 1.58 | | | $ | (0.60) | | $ | 0.93 | |
| | | | | |
| Weighted-average shares outstanding: | | | | | |
| Basic | 15,242 | | 15,693 | | | 15,316 | | 15,822 | |
| Diluted | 15,242 | | 15,801 | | | 15,316 | | 15,926 | |
| | | | | |
