$DXYN

DIXIE GROUP INC

CIK:0000029332|SEC Filings

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Income Statement [Abstract]
NET SALES	$ 68,614	$ 68,573	$ 127,995	$ 131,563
Cost of sales	48,381	48,557	88,473	94,645
GROSS PROFIT	20,233	20,016	39,522	36,918
Selling and administrative expenses	16,730	16,778	32,726	33,652
Other operating income, net	(90)	(68)	(174)	(166)
Facility consolidation and severance expenses, net	500	117	612	232
OPERATING INCOME	3,093	3,189	6,358	3,200
Interest expense	1,966	1,872	3,871	3,365
Other (income) expense, net	(55)	(4)	(87)	84
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES	1,182	1,321	2,574	(249)
Income tax provision	52	67	90	79
INCOME (LOSS) FROM CONTINUING OPERATIONS	1,130	1,254	2,484	(328)
Loss from discontinued operations, net of tax	(42)	(94)	(245)	(209)
NET INCOME (LOSS)	$ 1,088	$ 1,160	$ 2,239	$ (537)
BASIC EARNINGS (LOSS) PER SHARE:
Continuing operations (in dollars per share)	$ 0.07	$ 0.08	$ 0.16	$ (0.02)
Discontinued operations (in dollars per share)	0.00	(0.01)	(0.02)	(0.01)
Net income (loss) (in dollar per share)	$ 0.07	$ 0.07	$ 0.14	$ (0.03)
BASIC SHARES OUTSTANDING (in shares)	14,616	14,496	14,574	14,431
DILUTED EARNINGS (LOSS) PER SHARE:
Continuing operations (in dollars per share)	$ 0.07	$ 0.08	$ 0.16	$ (0.02)
Discontinued operations (in dollars per share)	0.00	(0.01)	(0.02)	(0.01)
Net income (loss) (in dollars per share)	$ 0.07	$ 0.07	$ 0.14	$ (0.03)
DILUTED SHARES OUTSTANDING (in shares)	14,709	14,589	14,667	14,431
DIVIDENDS PER SHARE:
Common stock (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Class B common stock (in dollars per share)	$ 0	$ 0	$ 0	$ 0

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Income (loss) from continuing operations	$ 2,484	$ (328)
Loss from discontinued operations	(245)	(209)
Net income (loss)	2,239	(537)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	2,632	2,783
Net gain on property, plant and equipment disposals	0	(45)
Stock-based compensation expense	88	162
Expense for expected credit losses	204	132
Loss on extinguishment of debt	0	66
Changes in operating assets and liabilities:
Receivables	(4,992)	(5,698)
Receivables - tariff refunds	(3,058)	0
Inventories	(559)	(529)
Prepaid and other current assets	(1,312)	(322)
Accounts payable and accrued expenses	3,410	11,948
Other operating assets and liabilities	(313)	532
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(1,416)	8,701
NET CASH USED IN OPERATING ACTIVITIES - DISCONTINUED OPERATIONS	(108)	(243)
CASH FLOWS FROM INVESTING ACTIVITIES
Net proceeds from sales of property, plant and equipment	0	45
Purchase of property, plant and equipment	(175)	(155)
NET CASH USED IN INVESTING ACTIVITIES	(175)	(110)
CASH FLOWS FROM FINANCING ACTIVITIES
Net payments on previous revolving credit facility	0	(50,000)
Borrowings on current revolving credit facility	135,928	128,164
Payments on current revolving credit facility	(132,955)	(73,902)
Payments on notes payable - buildings and other term loans	(1,026)	(1,074)
Payments on notes payable - other	(1,077)	(1,023)
Payments on finance leases	(83)	(75)
Change in outstanding checks in excess of cash	(15)	(470)
Repurchases of Common Stock	(14)	(26)
Payments for debt issuance costs	0	(1,266)
NET CASH PROVIDED BY FINANCING ACTIVITIES	758	328
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(941)	8,676
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	7,069	19
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	6,128	8,695
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Cash and cash equivalents	2,095	4,386
Restricted cash	4,033	4,309
Total cash, cash equivalents and restricted cash	6,128	8,695
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	3,613	3,281
Income taxes paid, net of tax refunds	58	69
Right-of-use assets obtained in exchange for new operating lease liabilities	2,343	2,996
Equipment purchased under finance lease	$ 79	$ 0

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 27, 2026	Dec. 27, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 2,095	$ 3,204
Receivables, net of allowances for expected credit losses of $507 and $640	27,773	22,984
Receivables - tariff refunds	3,057	0
Inventories, net	66,929	66,370
Prepaid and other current assets	6,703	5,391
TOTAL CURRENT ASSETS	106,557	97,949
PROPERTY, PLANT AND EQUIPMENT, NET	26,937	29,154
OPERATING LEASE RIGHT-OF-USE ASSETS	23,698	23,649
RESTRICTED CASH	4,033	3,865
OTHER ASSETS	19,011	19,488
LONG-TERM ASSETS OF DISCONTINUED OPERATIONS	1,137	1,053
TOTAL ASSETS	181,373	175,158
CURRENT LIABILITIES
Accounts payable	24,153	22,781
Accrued expenses	18,066	16,043
Current portion of long-term debt	58,830	56,642
Current portion of operating lease liabilities	5,254	4,553
Current liabilities of discontinued operations	1,204	1,073
TOTAL CURRENT LIABILITIES	107,507	101,092
LONG-TERM DEBT, NET	23,935	25,096
OPERATING LEASE LIABILITIES	19,623	20,200
OTHER LONG-TERM LIABILITIES	15,800	16,651
LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS	3,411	3,321
TOTAL LIABILITIES	170,276	166,360
COMMITMENTS AND CONTINGENCIES (See Note 17)
STOCKHOLDERS' EQUITY
Additional paid-in capital	159,684	160,335
Accumulated deficit	(195,076)	(197,315)
Accumulated other comprehensive income	254	268
TOTAL STOCKHOLDERS' EQUITY	11,097	8,798
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	181,373	175,158
Common Class A
STOCKHOLDERS' EQUITY
Common stock issued	42,299	41,789
Common Class B
STOCKHOLDERS' EQUITY
Common stock issued	$ 3,936	$ 3,721