Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Operations

v3.8.0.1
Consolidated Statements of Operations and Comprehensive Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Income Statement [Abstract]      
Net sales $ 303,366 $ 303,324 $ 290,833
Cost of sales [1] 213,706 211,277 207,657
Gross profit 89,660 92,047 83,176
Operating expenses:      
Marketing 39,293 41,104 40,218
General and administrative 17,612 17,629 16,325
Fulfillment 23,090 22,975 20,237
Technology 4,711 5,625 4,833
Amortization of intangible assets 319 449 431
Total operating expenses 85,025 87,782 82,044
Income from operations 4,635 4,265 1,132
Other income (expense):      
Other income, net 54 46 36
Interest expense (1,655) (1,238) (1,216)
Total other expense, net (1,601) (1,192) (1,180)
Income (loss) from continuing operations before income taxes 3,034 3,073 (48)
Income tax (benefit) provision (21,540) 100 88
Income (loss) from continuing operations 24,574 2,973 (136)
Discontinued operations      
Loss from operations and disposal of discontinued AutoMD operation [2] (558) (3,875) (3,187)
Income tax (benefit) provision [2] 1 (299) (899)
Loss on discontinued operations [2] (559) (3,576) (2,288)
Net income (loss) 24,015 (603) (2,424)
Other comprehensive income (loss):      
Foreign currency translation adjustments (18) 9 36
Actuarial gain (loss) on defined benefit plan 19 110 44
Unrealized loss on investments (1) (2) 0
Total other comprehensive income (loss) 0 117 80
Comprehensive income (loss) $ 24,015 $ (486) $ (2,344)
Basic net income (loss) per share (in dollars per share) $ 0.69 $ 0.08 $ (0.01)
Diluted net income (loss) per share (in dollars per share) $ 0.62 $ 0.08 $ (0.01)
Weighted average common shares outstanding:      
Shares used in computation of basic net income (loss) from continuing operations per share (in shares) 35,192 34,765 33,946
Shares used in computation of diluted net income (loss) from continuing operations per share (in shares) 39,634 36,207 33,946
[1] Excludes depreciation and amortization expense which is included in marketing, general and administrative and fulfillment expense as described in “Note 1 – Summary of Significant Accounting Policies and Nature of Operations”
[2] During March 2017, AutoMD filed for dissolution and the AutoMD operating segment has been classified as discontinued operations.