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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Data
Selected unaudited quarterly financial data for the years 2012 and 2013 are summarized below:
 
   
2012
 
2013
   
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
   
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Quarter
   
(in thousands, except per share data)
Net sales
 
$
73,405
   
$
145,359
   
$
314,491
   
$
133,507
   
$
78,069
   
$
106,232
   
$
310,894
   
$
137,730
 
Gross profit
 
$
23,566
   
$
46,893
   
$
96,712
   
$
30,766
   
$
23,379
   
$
2,238
   
$
91,395
   
$
38,767
 
Income (loss) from operations
 
$
(19,410
)
 
$
107
   
$
37,296
   
$
(31,215
)
 
$
 (23,845
)  
$
 (44,288
)  
$
 39,653
   
$
(16,052
)
Income (loss) before provision
(benefit) for income taxes
 
$
(21,192
)
 
$
288
   
$
36,426
   
$
(34,171
)
 
$
(27,262
 
$
 (47,018
 
$
 36,875
   
$
 (13,890
Net income (loss)
 
$
(16,000
)
 
$
214
   
$
30,443
   
$
(119,457
)
 
$
(27,562
 
$
 (46,873
 
$
 36,597
   
$
 (16,068
Basic earnings (loss) per share
 
$
(0.62
)
 
$
0.01
   
$
1.38
   
$
(5.45
)
 
$
(1.26
 
$
(2.14
 
$
1.67
   
$
(0.73
Weighted average shares
outstanding
   
25,831
     
25,765
     
22,110
     
21,923
     
21,873
     
21,920
     
21,920
     
22,073
 
Diluted earnings (loss) per share
 
$
(0.62
)
 
$
0.01
   
$
1.10
   
$
(5.45
)
 
$
(1.26
 
$
(2.14
 
$
1.11
   
$
(0.73
)
Weighted average shares and
equivalents outstanding
   
25,831
     
25,870
     
28,933
     
21,923
     
21,873
     
21,920
     
34,283
     
22,073