| Supplementary Data - Quarterly Financial Data |
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL DATA (Unaudited)
The following table sets forth selected quarterly data for the years ended December 31, 2016 and 2015. Certain amounts have been revised from those previously reported in the Company’s quarterly reports on Form 10-Q in order to present a correction related to the carryback limitations of net operating losses and tax credits to 2014 in the third quarter of 2015, which resulted in an increase of $1,571 of income tax expense, and to present the results of the POC Disposition as discontinued operations. The operating results are not indicative of results for any future period.
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Year Ended December 31, 2016
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First Quarter
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Second Quarter
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Third Quarter
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Fourth Quarter
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(in thousands, except per share amounts)
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Net sales
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$
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38,207
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$
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29,142
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$
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39,441
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$
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41,399
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Gross profit
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10,954
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8,345
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12,336
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12,049
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Operating (loss) income
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(3,873)
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(1,951)
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571
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(717)
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Net loss
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(4,013)
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(3,171)
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(405)
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(1,389)
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Net loss per share:
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Basic
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$
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(0.13)
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$
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(0.10)
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$
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(0.01)
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$
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(0.05)
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Diluted
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(0.13)
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(0.10)
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(0.01)
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(0.05)
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Year Ended December 31, 2015
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First Quarter
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Second Quarter
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Third Quarter
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Fourth Quarter
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(in thousands, except per share amounts)
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Net sales
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$
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41,881
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$
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30,053
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$
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39,256
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$
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44,076
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Gross profit
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14,821
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10,515
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14,143
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14,767
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Operating loss
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(896)
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(5,278)
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(835)
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(31,072)
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Loss from continuing operations
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(1,745)
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(3,840)
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(50,802)
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(31,719)
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Discontinued operations, net of tax
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70
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(1,607)
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1,107
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10,994
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Net loss
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(1,675)
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(5,447)
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(49,695)
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(20,725)
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Loss from continuing operations per share:
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Basic
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$
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(0.05)
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$
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(0.12)
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$
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(1.55)
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$
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(0.99)
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Diluted
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(0.05)
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(0.12)
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(1.55)
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(0.99)
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Income (loss) from discontinued operations per share:
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Basic
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$
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0.00
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$
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(0.05)
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$
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0.03
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$
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0.35
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Diluted
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0.00
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(0.05)
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0.03
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0.35
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Net loss per share:
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Basic
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$
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(0.05)
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$
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(0.17)
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$
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(1.52)
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$
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(0.64)
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Diluted
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(0.05)
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(0.17)
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(1.52)
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(0.64)
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