The Dixie Group, Inc. Consolidated Condensed Statements of Operations for Year Ended December 26, 2020
Summary
This document presents the unaudited consolidated condensed statements of operations for The Dixie Group, Inc. for the three and twelve months ended December 26, 2020, and December 28, 2019. It details the company's net sales, costs, expenses, operating income or loss, interest and tax expenses, and net income or loss per share. The statement provides a financial summary of the company's performance, including key figures such as gross profit, operating income, and earnings per share for both continuing and discontinued operations.
EX-10.1 2 exhibit101-q42020statement.htm EX-10.1 Document
Exhibit 10.1
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 | |||||||||||||
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