|
|
|
|
|
|
|
For the Years Ended | ||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | ||||||||||
Net loss (a) | $ | (8,745,000 | ) | $ | (12,284,000 | ) | $ | (1,378,000 | ) | |||
Weighted average number of common shares outstanding — Basic | 59,784,594 | 57,004,321 | 53,458,662 | |||||||||
Dilutive effect of stock options, non-vested shares and warrants (b) | — | — | — | |||||||||
Weighted average number of common shares outstanding — Diluted | 59,784,594 | 57,004,321 | 53,458,662 | |||||||||
Net loss per common share | $ | (0.15 | ) | $ | (0.22 | ) | $ | (0.03 | ) | |||
Net loss per common share — assuming dilution | $ | (0.15 | ) | $ | (0.22 | ) | $ | (0.03 | ) |
|
Estimated Useful Life (In Years) | January 28, 2017 | January 30, 2016 | ||||||||
Land and improvements | — | $ | 3,394,000 | $ | 3,394,000 | |||||
Buildings and improvements | 5-40 | 38,358,000 | 38,405,000 | |||||||
Transmission and production equipment | 5-10 | 7,308,000 | 5,180,000 | |||||||
Office and warehouse equipment | 3-15 | 18,942,000 | 19,264,000 | |||||||
Computer hardware, software and telephone equipment | 3-10 | 88,478,000 | 95,708,000 | |||||||
Leasehold improvements | 3-5 | 2,681,000 | 2,681,000 | |||||||
159,161,000 | 164,632,000 | |||||||||
Less — Accumulated depreciation | (106,446,000 | ) | (112,003,000 | ) | ||||||
$ | 52,715,000 | $ | 52,629,000 |
|
Estimated Useful Life (In Years) | January 28, 2017 | January 30, 2016 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |||||||||||||||
Finite-lived intangible assets | 5-15 | $ | 1,786,000 | $ | (171,000 | ) | $ | 1,103,000 | $ | (80,000 | ) | |||||||
Indefinite-lived intangible assets: | ||||||||||||||||||
FCC broadcast license | $ | 12,000,000 | $ | 12,000,000 |
|
January 28, 2017 | January 30, 2016 | |||||||
Accrued cable access fees | $ | 19,480,000 | $ | 15,739,000 | ||||
Accrued salaries and related | 4,406,000 | 5,661,000 | ||||||
Reserve for product returns | 3,723,000 | 4,726,000 | ||||||
Other | 10,249,000 | 9,216,000 | ||||||
$ | 37,858,000 | $ | 35,342,000 |
|
|
January 28, 2017 | January 30, 2016 | |||||||
Intangible FCC Broadcasting License Asset: | ||||||||
Beginning balance | $ | 12,000,000 | $ | 12,000,000 | ||||
Losses included in earnings (asset impairment) | — | — | ||||||
Ending balance | $ | 12,000,000 | $ | 12,000,000 |
|
January 28, 2017 | January 30, 2016 | |||||||
PNC Credit Facility | ||||||||
PNC revolving loan due May 1, 2020, principal amount | $ | 59,900,000 | $ | 59,900,000 | ||||
PNC term loan due May 1, 2020, principal amount | 10,637,000 | 12,780,000 | ||||||
Less unamortized debt issuance costs | (181,000 | ) | (266,000 | ) | ||||
PNC term loan due May 1, 2020, carrying amount | 10,456,000 | 12,514,000 | ||||||
GACP Credit Agreement | ||||||||
GACP term loan due March 9, 2021, principal amount | 16,292,000 | — | ||||||
Less unamortized debt issuance costs | (1,260,000 | ) | — | |||||
GACP term loan due March 9, 2021, carrying amount | 15,032,000 | — | ||||||
Total long-term credit facilities | 85,388,000 | 72,414,000 | ||||||
Less current portion of long-term credit facilities | (3,242,000 | ) | (2,143,000 | ) | ||||
Long-term credit facilities, excluding current portion | $ | 82,146,000 | $ | 70,271,000 |
PNC Credit Facility | ||||||||||||||||
Fiscal year | Term loan | Revolving loan | GACP Term Loan | Total | ||||||||||||
2017 | $ | 2,321,000 | $ | — | $ | 921,000 | $ | 3,242,000 | ||||||||
2018 | 2,143,000 | — | 850,000 | 2,993,000 | ||||||||||||
2019 | 1,964,000 | — | 779,000 | 2,743,000 | ||||||||||||
2020 | 4,209,000 | 59,900,000 | 850,000 | 64,959,000 | ||||||||||||
2021 | — | — | 12,892,000 | 12,892,000 | ||||||||||||
$ | 10,637,000 | $ | 59,900,000 | $ | 16,292,000 | $ | 86,829,000 |
|
For the Years Ended | |||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | |||||||||||
Jewelry & Watches | $ | 245,202 | $ | 248,951 | $ | 256,219 | |||||||
Home & Consumer Electronics | 151,313 | 193,931 | 186,772 | ||||||||||
Beauty | 94,451 | 87,184 | 76,268 | ||||||||||
Fashion & Accessories | 109,615 | 105,616 | 96,239 | ||||||||||
All other (primarily shipping & handling revenue) | 65,632 | 57,630 | 59,120 | ||||||||||
Total | $ | 666,213 | $ | 693,312 | $ | 674,618 |
|
Cash consideration | $ | 575,000 | ||
Fair value of contingent consideration | 600,000 | |||
$ | 1,175,000 |
Inventories | $ | 1,171,000 | ||
Identifiable intangible assets acquired: | ||||
Existing customer list | 347,000 | |||
Trade Names | 336,000 | |||
Accounts payable | (796,000 | ) | ||
All other net tangible assets and liabilities | 117,000 | |||
$ | 1,175,000 |
|
January 28, 2017 | January 30, 2016 | |||||||
Accruals and reserves not currently deductible for tax purposes | $ | 6,632 | $ | 6,990 | ||||
Inventory capitalization | 2,207 | 1,931 | ||||||
Differences in depreciation lives and methods | 1,151 | 2,730 | ||||||
Differences in basis of intangible assets | (3,522 | ) | (2,756 | ) | ||||
Differences in investments and other items | 447 | 551 | ||||||
Net operating loss carryforwards | 125,279 | 117,909 | ||||||
Valuation allowance | (135,716 | ) | (130,089 | ) | ||||
Net deferred tax liability | $ | (3,522 | ) | $ | (2,734 | ) |
For the Years Ended | ||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | ||||||||||
Current | $ | (13 | ) | $ | (46 | ) | $ | (31 | ) | |||
Deferred | (788 | ) | (788 | ) | (788 | ) | ||||||
$ | (801 | ) | $ | (834 | ) | $ | (819 | ) |
For the Years Ended | |||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | |||||||
Taxes at federal statutory rates | 35.0 | % | 35.0 | % | 35.0 | % | |||
State income taxes, net of federal tax benefit | 11.9 | (0.6 | ) | (11.2 | ) | ||||
Reestablishment of state net operating losses | — | 6.0 | — | ||||||
Provision to return true-up | 18.1 | — | — | ||||||
Non-cash stock option vesting expense | (2.3 | ) | (1.9 | ) | (158.6 | ) | |||
FCC license deferred tax liability impact on valuation allowance | (9.4 | ) | (6.5 | ) | (133.4 | ) | |||
Valuation allowance and NOL carryforward benefits | (60.9 | ) | (44.2 | ) | 124.0 | ||||
Other | (2.5 | )% | 4.9 | % | (2.4 | )% | |||
Effective tax rate | (10.1 | )% | (7.3 | )% | (146.6 | )% |
|
Fiscal Year | Amount | ||
2017 | $ | 59,946,000 | |
2018 | 15,497,000 | ||
2019 | 261,000 | ||
2020 | — | ||
2021 and thereafter | — |
Future Minimum Lease Payments: | Amount | ||
2017 | $ | 1,944,000 | |
2018 | 1,182,000 | ||
2019 | 931,000 | ||
2020 | 605,000 | ||
2021 and thereafter | — |
|
|
For the Years Ended | ||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | ||||||||||
Supplemental Cash Flow Information: | ||||||||||||
Interest paid | $ | 5,061,000 | $ | 2,353,000 | $ | 1,470,000 | ||||||
Income taxes paid | $ | 51,000 | $ | 33,000 | $ | 30,000 | ||||||
Supplemental non-cash investing and financing activities: | ||||||||||||
Property and equipment purchases included in accounts payable | $ | 1,060,000 | $ | 138,000 | $ | 2,016,000 | ||||||
Common stock issuance costs included in accrued liabilities | $ | 115,000 | $ | — | $ | — | ||||||
Deferred financing costs included in accrued liabilities | $ | 14,000 | $ | — | $ | — | ||||||
Non-cash warrant exercise | $ | — | $ | — | $ | 533,000 | ||||||
Issuance of 178,842 shares of common stock for trademark purchase | $ | — | $ | — | $ | 1,044,000 |
|
|
|
|
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | ||||||||||||||||
(In thousands, except percentages and per share amounts) | ||||||||||||||||||||
Fiscal 2016 | ||||||||||||||||||||
Net sales | $ | 166,920 | $ | 157,139 | $ | 151,636 | $ | 190,518 | $ | 666,213 | ||||||||||
Gross profit | 61,448 | 59,828 | 55,431 | 64,820 | 241,527 | |||||||||||||||
Gross profit margin | 36.8 | % | 38.1 | % | 36.6 | % | 34.0 | % | 36.3 | % | ||||||||||
Operating expenses | 64,982 | 60,002 | 57,510 | 61,051 | 243,545 | |||||||||||||||
Operating income (loss) (a) | (3,534 | ) | (174 | ) | (2,079 | ) | 3,769 | (2,018 | ) | |||||||||||
Other expense, net | (1,203 | ) | (1,604 | ) | (1,583 | ) | (1,536 | ) | (5,926 | ) | ||||||||||
Income tax provision | (205 | ) | (205 | ) | (205 | ) | (186 | ) | (801 | ) | ||||||||||
Net income (loss) (a) | $ | (4,942 | ) | $ | (1,983 | ) | $ | (3,867 | ) | $ | 2,047 | $ | (8,745 | ) | ||||||
Net income (loss) per share | $ | (0.09 | ) | $ | (0.03 | ) | $ | (0.06 | ) | $ | 0.03 | $ | (0.15 | ) | ||||||
Net income (loss) per share — assuming dilution | $ | (0.09 | ) | $ | (0.03 | ) | $ | (0.06 | ) | $ | 0.03 | $ | (0.15 | ) | ||||||
Weighted average shares outstanding: | ||||||||||||||||||||
Basic | 57,181 | 57,259 | 60,513 | 64,185 | 59,785 | |||||||||||||||
Diluted | 57,181 | 57,259 | 60,513 | 64,492 | 59,785 | |||||||||||||||
Fiscal 2015 | ||||||||||||||||||||
Net sales | $ | 158,451 | $ | 161,061 | $ | 162,258 | $ | 211,542 | $ | 693,312 | ||||||||||
Gross profit | 57,305 | 58,856 | 55,910 | 66,409 | 238,480 | |||||||||||||||
Gross profit margin | 36.2 | % | 36.5 | % | 34.5 | % | 31.4 | % | 34.4 | % | ||||||||||
Operating expenses | 61,232 | 61,032 | 60,192 | 64,762 | 247,218 | |||||||||||||||
Operating income (loss) (b) | (3,927 | ) | (2,176 | ) | (4,282 | ) | 1,647 | (8,738 | ) | |||||||||||
Other expense, net | (596 | ) | (667 | ) | (688 | ) | (761 | ) | (2,712 | ) | ||||||||||
Income tax provision | (205 | ) | (205 | ) | (205 | ) | (219 | ) | (834 | ) | ||||||||||
Net income (loss) (b) | $ | (4,728 | ) | $ | (3,048 | ) | $ | (5,175 | ) | $ | 667 | $ | (12,284 | ) | ||||||
Net income (loss) per share | $ | (0.08 | ) | $ | (0.05 | ) | $ | (0.09 | ) | $ | 0.01 | $ | (0.22 | ) | ||||||
Net income (loss) per share — assuming dilution | $ | (0.08 | ) | $ | (0.05 | ) | $ | (0.09 | ) | $ | 0.01 | $ | (0.22 | ) | ||||||
Weighted average shares outstanding: | ||||||||||||||||||||
Basic | 56,641 | 57,093 | 57,125 | 57,158 | 57,004 | |||||||||||||||
Diluted | 56,641 | 57,093 | 57,125 | 57,158 | 57,004 |
|
|
For the Years Ended | ||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | ||||||||||
Net loss (a) | $ | (8,745,000 | ) | $ | (12,284,000 | ) | $ | (1,378,000 | ) | |||
Weighted average number of common shares outstanding — Basic | 59,784,594 | 57,004,321 | 53,458,662 | |||||||||
Dilutive effect of stock options, non-vested shares and warrants (b) | — | — | — | |||||||||
Weighted average number of common shares outstanding — Diluted | 59,784,594 | 57,004,321 | 53,458,662 | |||||||||
Net loss per common share | $ | (0.15 | ) | $ | (0.22 | ) | $ | (0.03 | ) | |||
Net loss per common share — assuming dilution | $ | (0.15 | ) | $ | (0.22 | ) | $ | (0.03 | ) |
|
For the Years Ended | ||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | ||||||||||
Net loss (a) | $ | (8,745,000 | ) | $ | (12,284,000 | ) | $ | (1,378,000 | ) | |||
Weighted average number of common shares outstanding — Basic | 59,784,594 | 57,004,321 | 53,458,662 | |||||||||
Dilutive effect of stock options, non-vested shares and warrants (b) | — | — | — | |||||||||
Weighted average number of common shares outstanding — Diluted | 59,784,594 | 57,004,321 | 53,458,662 | |||||||||
Net loss per common share | $ | (0.15 | ) | $ | (0.22 | ) | $ | (0.03 | ) | |||
Net loss per common share — assuming dilution | $ | (0.15 | ) | $ | (0.22 | ) | $ | (0.03 | ) |
|
Estimated Useful Life (In Years) | January 28, 2017 | January 30, 2016 | ||||||||
Land and improvements | — | $ | 3,394,000 | $ | 3,394,000 | |||||
Buildings and improvements | 5-40 | 38,358,000 | 38,405,000 | |||||||
Transmission and production equipment | 5-10 | 7,308,000 | 5,180,000 | |||||||
Office and warehouse equipment | 3-15 | 18,942,000 | 19,264,000 | |||||||
Computer hardware, software and telephone equipment | 3-10 | 88,478,000 | 95,708,000 | |||||||
Leasehold improvements | 3-5 | 2,681,000 | 2,681,000 | |||||||
159,161,000 | 164,632,000 | |||||||||
Less — Accumulated depreciation | (106,446,000 | ) | (112,003,000 | ) | ||||||
$ | 52,715,000 | $ | 52,629,000 |
|
Estimated Useful Life (In Years) | January 28, 2017 | January 30, 2016 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |||||||||||||||
Finite-lived intangible assets | 5-15 | $ | 1,786,000 | $ | (171,000 | ) | $ | 1,103,000 | $ | (80,000 | ) | |||||||
Indefinite-lived intangible assets: | ||||||||||||||||||
FCC broadcast license | $ | 12,000,000 | $ | 12,000,000 |
|
January 28, 2017 | January 30, 2016 | |||||||
Accrued cable access fees | $ | 19,480,000 | $ | 15,739,000 | ||||
Accrued salaries and related | 4,406,000 | 5,661,000 | ||||||
Reserve for product returns | 3,723,000 | 4,726,000 | ||||||
Other | 10,249,000 | 9,216,000 | ||||||
$ | 37,858,000 | $ | 35,342,000 |
|
January 28, 2017 | January 30, 2016 | |||||||
Intangible FCC Broadcasting License Asset: | ||||||||
Beginning balance | $ | 12,000,000 | $ | 12,000,000 | ||||
Losses included in earnings (asset impairment) | — | — | ||||||
Ending balance | $ | 12,000,000 | $ | 12,000,000 |
|
January 28, 2017 | January 30, 2016 | |||||||
PNC Credit Facility | ||||||||
PNC revolving loan due May 1, 2020, principal amount | $ | 59,900,000 | $ | 59,900,000 | ||||
PNC term loan due May 1, 2020, principal amount | 10,637,000 | 12,780,000 | ||||||
Less unamortized debt issuance costs | (181,000 | ) | (266,000 | ) | ||||
PNC term loan due May 1, 2020, carrying amount | 10,456,000 | 12,514,000 | ||||||
GACP Credit Agreement | ||||||||
GACP term loan due March 9, 2021, principal amount | 16,292,000 | — | ||||||
Less unamortized debt issuance costs | (1,260,000 | ) | — | |||||
GACP term loan due March 9, 2021, carrying amount | 15,032,000 | — | ||||||
Total long-term credit facilities | 85,388,000 | 72,414,000 | ||||||
Less current portion of long-term credit facilities | (3,242,000 | ) | (2,143,000 | ) | ||||
Long-term credit facilities, excluding current portion | $ | 82,146,000 | $ | 70,271,000 |
|
For the Years Ended | |||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | |||||||||||
Jewelry & Watches | $ | 245,202 | $ | 248,951 | $ | 256,219 | |||||||
Home & Consumer Electronics | 151,313 | 193,931 | 186,772 | ||||||||||
Beauty | 94,451 | 87,184 | 76,268 | ||||||||||
Fashion & Accessories | 109,615 | 105,616 | 96,239 | ||||||||||
All other (primarily shipping & handling revenue) | 65,632 | 57,630 | 59,120 | ||||||||||
Total | $ | 666,213 | $ | 693,312 | $ | 674,618 |
|
Cash consideration | $ | 575,000 | ||
Fair value of contingent consideration | 600,000 | |||
$ | 1,175,000 |
Inventories | $ | 1,171,000 | ||
Identifiable intangible assets acquired: | ||||
Existing customer list | 347,000 | |||
Trade Names | 336,000 | |||
Accounts payable | (796,000 | ) | ||
All other net tangible assets and liabilities | 117,000 | |||
$ | 1,175,000 |
|
January 28, 2017 | January 30, 2016 | |||||||
Accruals and reserves not currently deductible for tax purposes | $ | 6,632 | $ | 6,990 | ||||
Inventory capitalization | 2,207 | 1,931 | ||||||
Differences in depreciation lives and methods | 1,151 | 2,730 | ||||||
Differences in basis of intangible assets | (3,522 | ) | (2,756 | ) | ||||
Differences in investments and other items | 447 | 551 | ||||||
Net operating loss carryforwards | 125,279 | 117,909 | ||||||
Valuation allowance | (135,716 | ) | (130,089 | ) | ||||
Net deferred tax liability | $ | (3,522 | ) | $ | (2,734 | ) |
For the Years Ended | ||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | ||||||||||
Current | $ | (13 | ) | $ | (46 | ) | $ | (31 | ) | |||
Deferred | (788 | ) | (788 | ) | (788 | ) | ||||||
$ | (801 | ) | $ | (834 | ) | $ | (819 | ) |
For the Years Ended | |||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | |||||||
Taxes at federal statutory rates | 35.0 | % | 35.0 | % | 35.0 | % | |||
State income taxes, net of federal tax benefit | 11.9 | (0.6 | ) | (11.2 | ) | ||||
Reestablishment of state net operating losses | — | 6.0 | — | ||||||
Provision to return true-up | 18.1 | — | — | ||||||
Non-cash stock option vesting expense | (2.3 | ) | (1.9 | ) | (158.6 | ) | |||
FCC license deferred tax liability impact on valuation allowance | (9.4 | ) | (6.5 | ) | (133.4 | ) | |||
Valuation allowance and NOL carryforward benefits | (60.9 | ) | (44.2 | ) | 124.0 | ||||
Other | (2.5 | )% | 4.9 | % | (2.4 | )% | |||
Effective tax rate | (10.1 | )% | (7.3 | )% | (146.6 | )% |
|
Fiscal Year | Amount | ||
2017 | $ | 59,946,000 | |
2018 | 15,497,000 | ||
2019 | 261,000 | ||
2020 | — | ||
2021 and thereafter | — |
Future Minimum Lease Payments: | Amount | ||
2017 | $ | 1,944,000 | |
2018 | 1,182,000 | ||
2019 | 931,000 | ||
2020 | 605,000 | ||
2021 and thereafter | — |
|
For the Years Ended | ||||||||||||
January 28, 2017 | January 30, 2016 | January 31, 2015 | ||||||||||
Supplemental Cash Flow Information: | ||||||||||||
Interest paid | $ | 5,061,000 | $ | 2,353,000 | $ | 1,470,000 | ||||||
Income taxes paid | $ | 51,000 | $ | 33,000 | $ | 30,000 | ||||||
Supplemental non-cash investing and financing activities: | ||||||||||||
Property and equipment purchases included in accounts payable | $ | 1,060,000 | $ | 138,000 | $ | 2,016,000 | ||||||
Common stock issuance costs included in accrued liabilities | $ | 115,000 | $ | — | $ | — | ||||||
Deferred financing costs included in accrued liabilities | $ | 14,000 | $ | — | $ | — | ||||||
Non-cash warrant exercise | $ | — | $ | — | $ | 533,000 | ||||||
Issuance of 178,842 shares of common stock for trademark purchase | $ | — | $ | — | $ | 1,044,000 |
|
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | ||||||||||||||||
(In thousands, except percentages and per share amounts) | ||||||||||||||||||||
Fiscal 2016 | ||||||||||||||||||||
Net sales | $ | 166,920 | $ | 157,139 | $ | 151,636 | $ | 190,518 | $ | 666,213 | ||||||||||
Gross profit | 61,448 | 59,828 | 55,431 | 64,820 | 241,527 | |||||||||||||||
Gross profit margin | 36.8 | % | 38.1 | % | 36.6 | % | 34.0 | % | 36.3 | % | ||||||||||
Operating expenses | 64,982 | 60,002 | 57,510 | 61,051 | 243,545 | |||||||||||||||
Operating income (loss) (a) | (3,534 | ) | (174 | ) | (2,079 | ) | 3,769 | (2,018 | ) | |||||||||||
Other expense, net | (1,203 | ) | (1,604 | ) | (1,583 | ) | (1,536 | ) | (5,926 | ) | ||||||||||
Income tax provision | (205 | ) | (205 | ) | (205 | ) | (186 | ) | (801 | ) | ||||||||||
Net income (loss) (a) | $ | (4,942 | ) | $ | (1,983 | ) | $ | (3,867 | ) | $ | 2,047 | $ | (8,745 | ) | ||||||
Net income (loss) per share | $ | (0.09 | ) | $ | (0.03 | ) | $ | (0.06 | ) | $ | 0.03 | $ | (0.15 | ) | ||||||
Net income (loss) per share — assuming dilution | $ | (0.09 | ) | $ | (0.03 | ) | $ | (0.06 | ) | $ | 0.03 | $ | (0.15 | ) | ||||||
Weighted average shares outstanding: | ||||||||||||||||||||
Basic | 57,181 | 57,259 | 60,513 | 64,185 | 59,785 | |||||||||||||||
Diluted | 57,181 | 57,259 | 60,513 | 64,492 | 59,785 | |||||||||||||||
Fiscal 2015 | ||||||||||||||||||||
Net sales | $ | 158,451 | $ | 161,061 | $ | 162,258 | $ | 211,542 | $ | 693,312 | ||||||||||
Gross profit | 57,305 | 58,856 | 55,910 | 66,409 | 238,480 | |||||||||||||||
Gross profit margin | 36.2 | % | 36.5 | % | 34.5 | % | 31.4 | % | 34.4 | % | ||||||||||
Operating expenses | 61,232 | 61,032 | 60,192 | 64,762 | 247,218 | |||||||||||||||
Operating income (loss) (b) | (3,927 | ) | (2,176 | ) | (4,282 | ) | 1,647 | (8,738 | ) | |||||||||||
Other expense, net | (596 | ) | (667 | ) | (688 | ) | (761 | ) | (2,712 | ) | ||||||||||
Income tax provision | (205 | ) | (205 | ) | (205 | ) | (219 | ) | (834 | ) | ||||||||||
Net income (loss) (b) | $ | (4,728 | ) | $ | (3,048 | ) | $ | (5,175 | ) | $ | 667 | $ | (12,284 | ) | ||||||
Net income (loss) per share | $ | (0.08 | ) | $ | (0.05 | ) | $ | (0.09 | ) | $ | 0.01 | $ | (0.22 | ) | ||||||
Net income (loss) per share — assuming dilution | $ | (0.08 | ) | $ | (0.05 | ) | $ | (0.09 | ) | $ | 0.01 | $ | (0.22 | ) | ||||||
Weighted average shares outstanding: | ||||||||||||||||||||
Basic | 56,641 | 57,093 | 57,125 | 57,158 | 57,004 | |||||||||||||||
Diluted | 56,641 | 57,093 | 57,125 | 57,158 | 57,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|