Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Jul. 19, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | HG Holdings, Inc. | |
Entity Central Index Key | 797,465 | |
Trading Symbol | stly | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 14,712,377 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash | $ 6,101 | |
Restricted cash | 400 | 631 |
Prepaid expenses and other current assets | 259 | 4 |
Current assets from discontinued operations | 27,893 | |
Total current assets | 6,760 | 28,528 |
Property, plant and equipment, net | 4 | |
Subordinated note receivable | 5,073 | |
Investment in closely held company | 168 | |
Other assets | 480 | 465 |
Noncurrent assets from discontinued operations | 3,577 | |
Total assets | 12,485 | 32,570 |
LIABILITIES | ||
Accounts payable | 7 | |
Accrued salaries, wages and benefits | 33 | 65 |
Other accrued expenses | 140 | 28 |
Current liabilities from discontinued operations | 53 | 12,647 |
Total current liabilities | 233 | 12,740 |
Other long-term liabilities | 266 | 567 |
Long-term liabilities from discontinued operations | 6,778 | |
Total liabilities | 499 | 20,085 |
STOCKHOLDERS’ EQUITY | ||
Common stock, $0.02 par value, 25,000,000 shares authorized, 14,712,377 and 14,920,117 shares issued and outstanding on each respective date | 294 | 298 |
Capital in excess of par value | 17,241 | 17,104 |
Retained deficit | (5,549) | (2,495) |
Accumulated other comprehensive loss | (2,422) | |
Total stockholders’ equity | 11,986 | 12,485 |
Total liabilities and stockholders’ equity | $ 12,485 | $ 32,570 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2018 | Dec. 31, 2017 |
Common stock, par value (in dollars per share) | $ 0.02 | $ 0.02 |
Common stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
Common stock, shares issued (in shares) | 14,712,377 | 14,920,117 |
Common stock, shares outstanding (in shares) | 14,712,377 | 14,920,117 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jul. 01, 2017 | Jun. 30, 2018 | Jul. 01, 2017 | |
Operating Expenses | ||||
General and administrative expenses | $ (160) | $ (235) | $ (572) | $ (507) |
Total operating expenses | (160) | (235) | (572) | (507) |
Interest income | 242 | 317 | ||
Income (loss) from continuing operations before income taxes | 82 | (235) | (255) | (507) |
Income tax benefit | (231) | (212) | ||
Income (loss) from continuing operations | 313 | (235) | (43) | (507) |
Discontinued operations | ||||
Gain (loss) from discontinued operations (including loss on sale of assets of $865) | 247 | (3,011) | 102 | |
Income tax benefit | (2) | (3) | ||
Loss from discontinued operations | 249 | (3,011) | 105 | |
Net income (loss) | $ 313 | $ 14 | $ (3,054) | $ (402) |
Basic and diluted income (loss) per share: | ||||
Income (loss) from continuing operations (in dollars per share) | $ 0.02 | $ (0.02) | $ (0.04) | |
Income (loss) from discontinued operations (in dollars per share) | 0.02 | (0.21) | 0.01 | |
Net income (loss) (in dollars per share) | $ 0.02 | $ (0.21) | $ (0.03) | |
Weighted average shares outstanding: | ||||
Basic (in shares) | 14,519 | 14,203 | 14,551 | 14,196 |
Diluted (in shares) | 14,519 | 14,203 | 14,551 | 14,196 |
Consolidated Statements of Ope5
Consolidated Statements of Operations (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jul. 01, 2017 | Jun. 30, 2018 | Jul. 01, 2017 | |
Loss on sale of assets | $ 865 | $ 865 | $ 865 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jul. 01, 2017 | Jun. 30, 2018 | Jul. 01, 2017 | |
Net income (loss) | $ 313 | $ 14 | $ (3,054) | $ (402) |
Other comprehensive income: | ||||
Amortization of actuarial loss | 25 | 50 | ||
Adjustments to net periodic benefit cost | 25 | 50 | ||
Settlement of employee benefit obligations directly related to the disposal transaction | 2,422 | |||
Comprehensive income (loss) | $ 313 | $ 39 | $ (632) | $ (352) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2018 | Jul. 01, 2017 | |
Net loss from continuing operations | $ (43,000) | $ (507,000) |
Adjustments to reconcile net income from operations to net cash flows from operating activities: | ||
Accretion income on note receivable | (111,000) | |
Stock compensation expense | 14,000 | |
Paid in kind interest on subordinated note receivable | (112,000) | |
Changes in assets and liabilities: | ||
Prepaid expenses and other current assets | (255,000) | |
Other assets | (15,000) | |
Accounts payable | 7,000 | |
Other accrued expenses | 80,000 | |
Other long-term liabilities | (301,000) | |
Net cash used by continuing operations | (736,000) | (507,000) |
Cash flows from investing activities: | ||
Purchase of property, plant and equipment | (4,000) | |
Net cash used by investing activities | (4,000) | |
Cash flows from financing activities: | ||
Repurchase and retirement of common stock | (133,000) | |
Stock purchase and retirement for tax withholdings on vesting of restricted award | (30,000) | |
Net cash used by financing activities | (163,000) | |
Cash flows from discontinued operations: | ||
Cash used by discontinued operations | (3,664,000) | 829,000 |
Cash provided by investing activities | 9,228,000 | 47,000 |
Cash provided by financing activities | 1,209,000 | (49,000) |
Net cash provided by discontinued operations | 6,773,000 | 827,000 |
Net increase in cash and restricted cash | 5,870,000 | 320,000 |
Cash and restricted cash at beginning of period | 631,000 | 4,212,000 |
Cash and restricted cash at end of period | 6,501,000 | 4,532,000 |
Supplemental Non-Cash Disclosures: | ||
Payments made on line of credit from proceeds of the sale | $ (1,348,000) |
Note 1 - Preparation of Interim
Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | 1. Preparation of Interim Unaudited Consolidated Financial Statements The consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these statements include all adjustments necessary for a fair presentation of the results of all interim periods reported herein. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures prepared in accordance with generally accepted accounting principles in the United States have been either condensed or omitted pursuant to SEC rules and regulations. However, we believe that the disclosures made are adequate for a fair presentation of results of operations and financial position. Operating results for the interim periods reported herein may not 10 On March 2, 2018, November 20, 2017, January 22, 2017 ( January 1, 2018 March 2, 2018 2015 20, Presentation of Financial Statements – Discontinued Operations no As a result of the Asset Sale, we have a variable interest in two not two not not Results of the discontinued operations are excluded from the accompanying notes to the consolidated financial statement for all periods presented, unless otherwise noted. Certain amounts in the 2017 2018 not second 2018, not December 31, 2017 $250,000 Recent Accounting Pronouncements In June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13” 2016 13 2016 13 December 15, 2019, December 15, 2018. not 2016 13 In February 2016, Leases 842 2016 02” 840, 840 840 December 31, 2016, first December 31, 2019. June 30, 2018, not 2016 02 In January 2016, 2016 01, Financial Instruments-Overall (Subtopic 825 10 2018 03, 2016 01 not not 820 may 2016 01 January 1, 2018 5% 5, 2016 01 not |
Note 2 - Discontinued Operation
Note 2 - Discontinued Operations | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | 2 . Discontinued Operations On March 2, 2018, November 20, 2017, January 22, 2017 ( January 1, 2018 March 2, 2018 2015 20, Presentation of Financial Statements – Discontinued Operations Loss from discontinued operations, net of taxes, comprised the following for the three six June 30, 2018 July 1, 2017 ( Three Months Six Months Ended Ended June 30 , July 1, June 30 , July 1, 201 8 2017 201 8 2017 Net sales $ - $ 11,615 $ 6,787 $ 22,805 Cost of sales - 8,883 6,485 17,836 Selling, general and administrative expenses - 2,503 2,438 4,889 Other income, net - (18 ) - (22 ) Interest expense, net - - 10 - Loss on sale of assets - - (865 ) - Loss from discontinued operations before income taxes - 247 (3,011 ) 102 Income tax (benefit) expense - (2 ) - (3 ) Loss from discontinued operation, net of taxes $ - $ 249 $ (3,011 ) $ 105 Included in selling, general and administrative expenses incurred for the six June 30, 2018 Net (liabilities) assets for discontinued operations are as follows (in thousands): June 30 , December 31, 2018 2017 Cash $ - $ 975 Accounts receivable, net - 3,146 Inventory - 23,231 Prepaid expenses and other current assets - 541 Property, plant and equipment - 1,449 Other assets - 2,128 Total assets - 31,470 Accounts payable and other liabilities 3 9,252 Accrued salaries, wages, and benefits - 1,716 Deferred revenue - 500 Other accrued expenses 50 1,179 Deferred compensation - 4,101 Supplemental retirement plan - 1,701 Other long-term liabilities - 976 Total liabilities 53 19,425 Net (liabilities) assets $ (53 ) $ 12,045 As a result of the Asset Sale, the Company has no 12 may |
Note 3 - Property, Plant and Eq
Note 3 - Property, Plant and Equipment | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 3 . Property, Plant and Equipment (in thousands) June 30 , December 31, 201 8 2017 Computers and equipment $ 4 $ - Property, plant and equipment, at cost 4 - Less accumulated depreciation - - Property, plant and equipment, net $ 4 $ - Property, plant and equipment, net, of discontinued operations $ - $ 1,449 |
Note 4 - Subordinated Secured P
Note 4 - Subordinated Secured Promissory Note Receivable | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4 . Subordinated Secured Promissory Note Receivable The Company received a $7.4 first 2018. March 2, 2023, 6.00%. not June 30, 2018 $112,000 not During the first 2018, $2.6 $111,000 three June 30, 2018. Resulting from the interest being paid in kind and the accretion of the fair value adjustment, the carrying value of the note increased $223,000 June 30, 2018 $5.1 |
Note 5 - Investment in Closely
Note 5 - Investment in Closely Held Company | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Investments and Other Noncurrent Assets [Text Block] | 5. Investment in Closely Held Company The Company holds a 5% first 2018. not not not June 30, 2018, $168,000, |
Note 6 - Income Taxes
Note 6 - Income Taxes | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 6 . Income taxes During the first six 2018, $368,000 $10.0 June 30, 2018. $35.5 June 30, 2018. not three six June 30, 2018 three six July 1, 2017 three $231,000 48. We maintain a valuation allowance against deferred tax assets that currently exceed our deferred tax liabilities. The primary assets covered by this valuation allowance are net operating loss carry-forwards. The valuation allowance was calculated in accordance with the provisions of ASC 740, Income Taxes three three 740, Income Taxes no not Our effective tax rate for the current and prior year three six 0% |
Note 7 - Stockholders' Equity
Note 7 - Stockholders' Equity | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 7 . Stockholders’ Equity Basic earnings per common share are based upon the weighted average shares outstanding. Outstanding stock options and restricted stock are treated as potential common stock for purposes of computing diluted earnings per share. Basic and diluted earnings per share are calculated using the following share data (in thousands): Three Months Six Months Ended Ended June 30 , July 1, June 30 , July 1, 201 8 2017 201 8 2017 Weighted average shares outstanding for basic calculation 14,519 14,203 14,551 14,196 Add: Effect of dilutive stock awards - - - - Weighted average shares outstanding, adjusted for diluted calculation 14,519 14,203 14,551 14,196 In both the current three six June 30, 2018 three six July 1, 2017, not 63,000 993,000 2018 2017, not 205,000 462,000 2018 2017, not From time to time, we will repurchase common shares that are tendered by recipients of restricted stock awards to satisfy tax withholding obligations on vested restricted stock. There were no three In July 2012, $5.0 may three June 30, 2018, 46,556 $30,000 six June 30, 2018 221,121 $133,000. No three six July 1, 2017. June 30, 2018, $2.8 A reconciliation of the activity in Stockholders’ Equity accounts for the six June 30, 2018 Accumulated Capital in Other Common Excess of Retained Comprehensive Stock Par Value Deficit Loss Balance at December 31, 2017 $ 298 $ 17,104 $ (2,495 ) $ (2,422 ) Net loss - - (3,054 ) - Settlement of employee benefit obligations directly related to the disposal transaction - - - 2,422 Stock repurchase (4 ) (129 ) - - Stock-based compensation expense - 405 - - Dividends - (139 ) - - Balance at June 30, 2018 $ 294 $ 17,241 $ (5,549 ) $ - Stock compensation expense of $391,000 six June 30, 2018 $14,000 $139,000 six June 30, 2018 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13” 2016 13 2016 13 December 15, 2019, December 15, 2018. not 2016 13 In February 2016, Leases 842 2016 02” 840, 840 840 December 31, 2016, first December 31, 2019. June 30, 2018, not 2016 02 In January 2016, 2016 01, Financial Instruments-Overall (Subtopic 825 10 2018 03, 2016 01 not not 820 may 2016 01 January 1, 2018 5% 5, 2016 01 not |
Note 2 - Discontinued Operati16
Note 2 - Discontinued Operations (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Three Months Six Months Ended Ended June 30 , July 1, June 30 , July 1, 201 8 2017 201 8 2017 Net sales $ - $ 11,615 $ 6,787 $ 22,805 Cost of sales - 8,883 6,485 17,836 Selling, general and administrative expenses - 2,503 2,438 4,889 Other income, net - (18 ) - (22 ) Interest expense, net - - 10 - Loss on sale of assets - - (865 ) - Loss from discontinued operations before income taxes - 247 (3,011 ) 102 Income tax (benefit) expense - (2 ) - (3 ) Loss from discontinued operation, net of taxes $ - $ 249 $ (3,011 ) $ 105 June 30 , December 31, 2018 2017 Cash $ - $ 975 Accounts receivable, net - 3,146 Inventory - 23,231 Prepaid expenses and other current assets - 541 Property, plant and equipment - 1,449 Other assets - 2,128 Total assets - 31,470 Accounts payable and other liabilities 3 9,252 Accrued salaries, wages, and benefits - 1,716 Deferred revenue - 500 Other accrued expenses 50 1,179 Deferred compensation - 4,101 Supplemental retirement plan - 1,701 Other long-term liabilities - 976 Total liabilities 53 19,425 Net (liabilities) assets $ (53 ) $ 12,045 |
Note 3 - Property, Plant and 17
Note 3 - Property, Plant and Equipment (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | (in thousands) June 30 , December 31, 201 8 2017 Computers and equipment $ 4 $ - Property, plant and equipment, at cost 4 - Less accumulated depreciation - - Property, plant and equipment, net $ 4 $ - Property, plant and equipment, net, of discontinued operations $ - $ 1,449 |
Note 7 - Stockholders' Equity (
Note 7 - Stockholders' Equity (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Six Months Ended Ended June 30 , July 1, June 30 , July 1, 201 8 2017 201 8 2017 Weighted average shares outstanding for basic calculation 14,519 14,203 14,551 14,196 Add: Effect of dilutive stock awards - - - - Weighted average shares outstanding, adjusted for diluted calculation 14,519 14,203 14,551 14,196 |
Schedule of Stockholders Equity [Table Text Block] | Accumulated Capital in Other Common Excess of Retained Comprehensive Stock Par Value Deficit Loss Balance at December 31, 2017 $ 298 $ 17,104 $ (2,495 ) $ (2,422 ) Net loss - - (3,054 ) - Settlement of employee benefit obligations directly related to the disposal transaction - - - 2,422 Stock repurchase (4 ) (129 ) - - Stock-based compensation expense - 405 - - Dividends - (139 ) - - Balance at June 30, 2018 $ 294 $ 17,241 $ (5,549 ) $ - |
Note 1 - Preparation of Inter19
Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements (Details Textual) | 6 Months Ended |
Jun. 30, 2018USD ($) | |
Churchill Downs Holdings, Ltd. [Member] | |
Ownership Percentage | 5.00% |
Reduction of Accrual for Other Long-term Liabilities [Member] | December 31, 2017 [Member] | |
Prior Period Reclassification Adjustment | $ 250,000 |
Note 2 - Discontinued Operati20
Note 2 - Discontinued Operations - Gains Losses and Net Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jul. 01, 2017 | Jun. 30, 2018 | Jul. 01, 2017 | Dec. 31, 2017 | |
Net sales | $ 11,615 | $ 6,787 | $ 22,805 | ||
Cost of sales | 8,883 | 6,485 | 17,836 | ||
Selling, general and administrative expenses | 2,503 | 2,438 | 4,889 | ||
Other income, net | (18) | (22) | |||
Interest expense, net | 10 | ||||
Loss on sale of assets | (865) | ||||
Loss from discontinued operations before income taxes | 247 | (3,011) | 102 | ||
Income tax (benefit) expense | (2) | (3) | |||
Loss from discontinued operation, net of taxes | $ 249 | (3,011) | $ 105 | ||
Cash | $ 975 | ||||
Accounts receivable, net | 3,146 | ||||
Inventory | 23,231 | ||||
Prepaid expenses and other current assets | 541 | ||||
Property, plant and equipment, net, of discontinued operations | 1,449 | ||||
Other assets | 2,128 | ||||
Total assets | 31,470 | ||||
Accounts payable and other liabilities | 3 | 3 | 9,252 | ||
Accrued salaries, wages, and benefits | 1,716 | ||||
Deferred revenue | 500 | ||||
Other accrued expenses | 50 | 50 | 1,179 | ||
Deferred compensation | 4,101 | ||||
Supplemental retirement plan | 1,701 | ||||
Other long-term liabilities | 976 | ||||
Total liabilities | 53 | 53 | 19,425 | ||
Net (liabilities) assets | $ (53) | $ (53) | $ 12,045 |
Note 3 - Property, Plant and 21
Note 3 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Property, plant and equipment, gross | $ 4 | |
Less accumulated depreciation | ||
Property, plant and equipment, net | 4 | |
Property, plant and equipment, net, of discontinued operations | 1,449 | |
Machinery and Equipment [Member] | ||
Property, plant and equipment, gross | $ 4 |
Note 4 - Subordinated Secured22
Note 4 - Subordinated Secured Promissory Note Receivable (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2018 | Jul. 01, 2017 | Mar. 31, 2018 | |
Financing Receivable, Net, Total | $ 7,400,000 | |||
Notes Receivable, Interest Rate | 6.00% | |||
Interest Receivable | $ 112,000 | $ 112,000 | ||
Disposal Group, Including Discontinued Operation, Consideration, Note Receivable, Adjustment | $ 2,600,000 | |||
Accretion (Amortization) of Discounts and Premiums, Investments | 111,000 | 111,000 | ||
Increase (Decrease) in Notes Receivables | 223,000 | |||
Notes Receivable, Fair Value Disclosure | $ 5,100,000 | $ 5,100,000 |
Note 5 - Investment in Closel23
Note 5 - Investment in Closely Held Company (Details Textual) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total | $ 168,000 | |
Churchill Downs Holdings, Ltd. [Member] | ||
Ownership Percentage | 5.00% | |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total | $ 168,000 |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jul. 01, 2017 | Jun. 30, 2018 | Jul. 01, 2017 | |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 368,000 | |||
Deferred Tax Assets, Valuation Allowance, Total | $ 10,000,000 | 10,000,000 | ||
Operating Loss Carryforwards, Total | 35,500,000 | 35,500,000 | ||
Income Taxes Paid, Net, Total | 0 | $ 0 | $ 0 | $ 0 |
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions | $ 231,000 | |||
Effective Income Tax Rate Reconciliation, Percent, Total | 0.00% | 0.00% |
Note 7 - Stockholders' Equity25
Note 7 - Stockholders' Equity (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jul. 01, 2017 | Jun. 30, 2018 | Jul. 01, 2017 | Jul. 31, 2012 | |
Incremental Common Shares Attributable to Share-based Payment Arrangements, Total | |||||
Discontinued Operation, Share-based Compensation | $ 391,000 | ||||
Allocated Share-based Compensation Expense, Total | 14,000 | ||||
Discontinued Operations, Dividends | $ 139,000 | ||||
Privately Negotiated Transaction [Member] | Common Stock [Member] | |||||
Stock Repurchased During Period, Shares | 46,556 | 0 | 221,121 | 0 | |
Stock Repurchase Program, Authorized Amount | $ 5,000,000 | ||||
Stock Repurchased During Period, Value | $ 30,000 | $ 133,000 | |||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 2,800,000 | $ 2,800,000 | |||
Employee Stock Option [Member] | |||||
Incremental Common Shares Attributable to Share-based Payment Arrangements, Total | 0 | 0 | 0 | 0 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 63,000 | 993,000 | |||
Restricted Stock [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 205,000 | 462,000 | |||
Stock Repurchased During Period, Shares | 0 |
Note 7 - Stockholders' Equity -
Note 7 - Stockholders' Equity - Basic and Diluted Earnings Per Share Calculation (Details) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jul. 01, 2017 | Jun. 30, 2018 | Jul. 01, 2017 | |
Weighted average shares outstanding for basic calculation (in shares) | 14,519 | 14,203 | 14,551 | 14,196 |
Add: Effect of dilutive stock awards (in shares) | ||||
Weighted average shares outstanding, adjusted for diluted calculation (in shares) | 14,519 | 14,203 | 14,551 | 14,196 |
Note 7 - Stockholders' Equity27
Note 7 - Stockholders' Equity - Reconciliation of Activity in Stockholders' Equity Accounts (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jul. 01, 2017 | Jun. 30, 2018 | Jul. 01, 2017 | |
Balance | $ 12,485 | |||
Net loss | $ 313 | $ 14 | (3,054) | $ (402) |
Settlement of employee benefit obligations directly related to the disposal transaction | 2,422 | |||
Balance | 11,986 | 11,986 | ||
Common Stock [Member] | ||||
Balance | 298 | |||
Net loss | ||||
Settlement of employee benefit obligations directly related to the disposal transaction | ||||
Stock repurchase | (4) | |||
Stock-based compensation expense | ||||
Dividends | ||||
Balance | 294 | 294 | ||
Additional Paid-in Capital [Member] | ||||
Balance | 17,104 | |||
Net loss | ||||
Settlement of employee benefit obligations directly related to the disposal transaction | ||||
Stock repurchase | (129) | |||
Stock-based compensation expense | 405 | |||
Dividends | (139) | |||
Balance | 17,241 | 17,241 | ||
Retained Earnings [Member] | ||||
Balance | (2,495) | |||
Net loss | (3,054) | |||
Settlement of employee benefit obligations directly related to the disposal transaction | ||||
Stock repurchase | ||||
Stock-based compensation expense | ||||
Dividends | ||||
Balance | (5,549) | (5,549) | ||
AOCI Attributable to Parent [Member] | ||||
Balance | (2,422) | |||
Net loss | ||||
Settlement of employee benefit obligations directly related to the disposal transaction | 2,422 | |||
Stock repurchase | ||||
Stock-based compensation expense | ||||
Dividends | ||||
Balance |