XML 69 R22.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Quarterly Financial Data (Unaudited)

The following table presents our unaudited consolidated statements of operations data for each quarter in the two years ended December 31, 2014. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been made to present fairly the unaudited quarterly results when read in conjunction with our audited consolidated financial statements and the notes thereto appearing elsewhere in this document. These operating results are not necessarily indicative of the results of operations that may be expected for any future period.
 
 
 
For the Three Months Ended
 
 
Dec. 31,
2014
 
Sept. 30,
2014
 
June 30,
2014
 
Mar 31,
2014
 
Dec. 31,
2013
 
Sept. 30,
2013
 
June 30,
2013
 
Mar. 31,
2013
 
 
 
 
 
 
(in thousands, except per share data)
 
 
 
 
Net sales
 
$
130,967

 
$
138,858

 
$
139,723

 
$
133,384

 
$
133,721

 
$
135,042

 
$
138,324

 
$
139,805

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of products sold
 
78,207

 
83,364

 
84,372

 
81,218

 
84,629

 
81,656

 
85,674

 
85,298

Selling
 
17,641

 
18,195

 
18,988

 
18,178

 
18,252

 
17,779

 
18,095

 
19,221

General and administrative
 
13,202

 
14,133

 
14,407

 
14,797

 
14,796

 
15,278

 
15,506

 
14,634

Research and development
 
2,004

 
1,909

 
2,044

 
1,946

 
1,970

 
1,845

 
2,089

 
1,954

Restructuring
 
2,430

 
3,466

 
7,595

 
4,651

 
6,390

 
3,034

 
4,165

 
1,255

Total operating costs and expenses
 
113,484

 
121,067

 
127,406

 
120,790

 
126,037

 
119,592

 
125,529

 
122,362

Income from operations
 
17,483

 
17,791

 
12,317

 
12,594

 
7,684

 
15,450

 
12,795

 
17,443

Other income (expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net
 
(9,782
)
 
(9,412
)
 
(8,917
)
 
(8,657
)
 
(8,983
)
 
(9,378
)
 
(13,112
)
 
(9,206
)
Loss on extinguishment of debt
 
—

 
—

 
—

 
—

 
—

 
—

 
(3,123
)
 
—

Foreign exchange gain (loss)
 
98

 
367

 
(307
)
 
(877
)
 
50

 
(905
)
 
50

 
(249
)
Income (loss) before benefit (provision) for income taxes
 
7,799

 
8,746

 
3,093

 
3,060

 
(1,249
)
 
5,167

 
(3,390
)
 
7,988

Benefit (provision) for income taxes
 
3,360

 
(29,218
)
 
(2,329
)
 
(1,893
)
 
4,692

 
(3,063
)
 
(3,489
)
 
(2,503
)
Net income (loss)
 
$
11,159

 
$
(20,472
)
 
$
764

 
$
1,167

 
$
3,443

 
$
2,104

 
$
(6,879
)
 
$
5,485

Comprehensive (loss) income
 
$
(23,785
)
 
$
(41,003
)
 
$
2,278

 
$
(758
)
 
$
13,330

 
$
9,182

 
$
(9,245
)
 
$
2,727

Net income (loss) per common share—basic
 
$
0.71

 
$
(1.32
)
 
$
0.05

 
$
0.08

 
$
0.22

 
$
0.14

 
$
(0.45
)
 
$
0.36

Net income (loss) per common share—diluted
 
$
0.71

 
$
(1.32
)
 
$
0.05

 
$
0.07

 
$
0.21

 
$
0.13

 
$
(0.45
)
 
$
0.36