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QUARTERLY FINANCIAL RESULTS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Results (Unaudited)  
Quarterly Operating Results (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

 

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

 

 

2016

 

2016

 

2016

 

2016

 

Net sales

 

$

572,394

 

$

676,165

 

$

708,485

 

$

735,548

 

Cost of sales

 

 

490,201

 

 

582,291

 

 

611,518

 

 

637,425

 

Gross profit

 

 

82,193

 

 

93,874

 

 

96,967

 

 

98,123

 

Selling, general and administrative expenses

 

 

67,029

 

 

72,864

 

 

74,522

 

 

76,222

 

Income from operations

 

 

15,164

 

 

21,010

 

 

22,445

 

 

21,901

 

Interest expense

 

 

(14)

 

 

(12)

 

 

(27)

 

 

(14)

 

Income before taxes

 

 

15,150

 

 

20,998

 

 

22,418

 

 

21,887

 

Income tax provision

 

 

(6,087)

 

 

(8,540)

 

 

(8,825)

 

 

(8,890)

 

Net income

 

$

9,063

 

$

12,458

 

$

13,593

 

$

12,997

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.34

 

$

0.47

 

$

0.51

 

$

0.49

 

Diluted

 

$

0.34

 

$

0.47

 

$

0.51

 

$

0.49

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

26,499

 

 

26,501

 

 

26,542

 

 

26,569

 

Diluted

 

 

26,671

 

 

26,691

 

 

26,736

 

 

26,738

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

 

    

March 31,

    

June 30,

    

September 30,

    

December 31,

 

 

 

2015

 

2015

 

2015

 

2015

 

Net sales

 

$

581,259

 

$

627,622

 

$

680,769

 

$

684,323

 

Cost of sales

 

 

503,646

 

 

544,635

 

 

592,201

 

 

592,472

 

Gross profit

 

 

77,613

 

 

82,987

 

 

88,568

 

 

91,851

 

Selling, general and administrative expenses

 

 

63,434

 

 

63,364

 

 

66,707

 

 

68,960

 

Income from operations

 

 

14,179

 

 

19,623

 

 

21,861

 

 

22,891

 

Interest expense

 

 

1

 

 

(39)

 

 

(29)

 

 

(20)

 

Income before taxes

 

 

14,180

 

 

19,584

 

 

21,832

 

 

22,871

 

Income tax provision

 

 

(5,596)

 

 

(7,955)

 

 

(8,831)

 

 

(9,258)

 

Net income

 

$

8,584

 

$

11,629

 

$

13,001

 

$

13,613

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.33

 

$

0.44

 

$

0.49

 

$

0.51

 

Diluted

 

$

0.32

 

$

0.44

 

$

0.49

 

$

0.51

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

26,346

 

 

26,363

 

 

26,423

 

 

26,459

 

Diluted

 

 

26,593

 

 

26,616

 

 

26,622

 

 

26,632