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QUARTERLY FINANCIAL DATA
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED) (in thousands, except per share amounts)
 
 
Three Months Ended
 
 
December 31, 2019
 
September 30, 2019
 
June 30, 2019
 
March 31, 2019
Sales
 
$
48,849

 
$
51,160

 
$
62,512

 
$
57,554

Cost of Goods Sold
 
$
26,735

 
$
31,863

 
$
35,818

 
$
31,694

Lower of cost or NRV inventory adjustments
 
$
348

 
$
1,462

 
$
—

 
$
—

Gross Margin
 
$
10,190

 
$
6,949

 
$
13,171

 
$
13,168

Net Income (Loss)
 
$
2,082

 
$
(217
)
 
$
5,611

 
$
6,155

Basic and Diluted Earnings
Per Share
 
$
0.02

 
$
—

 
$
0.04

 
$
0.05


 
 
Three Months Ended
 
 
December 31, 2018
 
September 30, 2018
 
June 30, 2018
 
March 31, 2018
Sales
 
$
54,364

 
$
41,410

 
$
55,176

 
$
57,320

Cost of Goods Sold
 
$
26,504

 
$
23,370

 
$
35,426

 
$
36,655

Lower of cost or NRV inventory adjustments
 
$
930

 
$
—

 
$
76

 
$
705

Gross Margin
 
$
14,826

 
$
8,959

 
$
7,286

 
$
7,200

Net Income (Loss)
 
$
7,634

 
$
3,350

 
$
(958
)
 
$
1,757

Basic and Diluted Earnings
(Loss) Per Share
 
$
0.06

 
$
0.03

 
$
(0.01
)
 
$
0.01



Certain prior period amounts have been reclassified in order to conform to the current period presentation. These reclassifications had no effect on the reported gross margin or net income (loss).