v3.7.0.1
Consolidated Statements of Operations and Comprehensive Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Income Statement [Abstract]        
Net sales $ 80,208 $ 77,999 $ 161,041 $ 158,745
Cost of sales [1] 56,964 54,298 114,010 110,512
Gross profit 23,244 23,701 47,031 48,233
Operating expenses:        
Marketing 10,248 10,424 20,562 21,218
General and administrative 4,310 4,540 9,111 8,973
Fulfillment 5,929 5,658 12,011 11,696
Technology 1,136 1,397 2,409 2,641
Amortization of intangible assets 112 113 224 225
Total operating expenses 21,735 22,132 44,317 44,753
Income from operations 1,509 1,569 2,714 3,480
Other income (expense):        
Other income, net 19 11 35 17
Interest expense (469) (251) (847) (598)
Total other expense, net (450) (240) (812) (581)
Income from continuing operations before income taxes 1,059 1,329 1,902 2,899
Income tax (benefit) provision (25,859) 113 (25,832) 146
Income from continuing operations 26,918 1,216 27,734 2,753
Discontinued operations        
Loss from operations and disposal of discontinued AutoMD operations [2] 0 (704) (558) (1,433)
Income tax (benefit) provision [2] 0 (169) 1 (351)
Loss on discontinued operations [2] 0 (535) (559) (1,082)
Net income 26,918 681 27,175 1,671
Other comprehensive income (loss):        
Foreign currency translation adjustments (1) (8) (3) (13)
Total other comprehensive income (loss) (1) (8) (3) (13)
Comprehensive income $ 26,917 $ 673 $ 27,172 $ 1,658
Income from continuing operations per share:        
Basic income from continuing operations per share (in USD per share) $ 0.76 $ 0.03 $ 0.79 $ 0.08
Diluted income from continuing operations per share (in USD per share) $ 0.67 $ 0.03 $ 0.69 $ 0.07
Weighted average common shares outstanding:        
Shares used in computation of basic income from continuing operations per share (in shares) 35,332 34,753 34,921 34,625
Shares used in computation of diluted income from continuing operations per share (in shares) 39,933 40,007 40,079 39,655
[1] Excludes depreciation and amortization expense which is included in marketing, general and administrative and fulfillment expense.
[2] During March 2017, AutoMD filed for dissolution and the AutoMD operating segment has been classified as discontinued operations.

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