Select Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of unaudited quarterly results of operations

The following table presents the Company’s unaudited quarterly results of operations for each of the last eight quarters in the period ended December 31, 2019. The unaudited information has been prepared on the same basis as the audited consolidated financial statements.

	Year Ended December 31, 2019
	Fourth Quarter			Third Quarter			Second Quarter		First Quarter
	(in thousands, except per share data)
Sales	$	82,287		$	85,403		$	85,326	$	85,270
Gross profit	$	18,695		$	19,431		$	20,537	$	21,259
Operating (loss) income	$	76		$	(87	)	$	3,030	$	3,863
Net (loss) income	$	(656	)	$	(721	)	$	1,643	$	2,284
Earnings (loss) per share:
Basic	$	(0.04	)	$	(0.04	)	$	0.10	$	0.14
Diluted	$	(0.04	)	$	(0.04	)	$	0.10	$	0.14

	Year Ended December 31, 2018
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
	(in thousands, except per share data)
Sales	$	87,906	$	90,074	$	93,852	$	85,026
Gross profit	$	20,979	$	21,393	$	22,347	$	20,489
Operating income	$	3,190	$	3,046	$	4,392	$	3,270
Net income	$	1,628	$	2,455	$	2,606	$	1,947
Earnings per share:
Basic	$	0.10	$	0.15	$	0.16	$	0.12	(1)
Diluted	$	0.10	$	0.15	$	0.16	$	0.12	(1)

(1) The “two-class” method was used to calculate earnings per share which resulted in the same value.