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Quarterly Results for 2019 and 2018 (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results for 2019 and 2018 (Unaudited) Quarterly Results for 2019 and 2018 (Unaudited)
 
Quarter Ended
 
 
 
March 30
 
June 29
 
September 28
 
December 31
 
Total Year
2019
 
 
 
 
 
 
 
 
 
Net Sales
$
441,060

 
$
450,233

 
$
416,129

 
$
467,970

 
$
1,775,392

Gross Margin
$
7,619

 
$
17,979

 
$
16,619

 
$
11,930

 
$
54,157

Operating Income
$
(27,599
)
 
$
(15,320
)
 
$
(8,564
)
 
$
(31,635
)
 
$
(83,118
)
Income (loss) from continuing operations
$
(27,987
)
 
$
(19,274
)
 
$
(14,353
)
 
$
(56,994
)
 
$
(118,608
)
Income from discontinued operations (c)
$
5,937

 
$
4,357

 
$
137

 
$
85,727

 
$
96,158

Net Income (Loss)
$
(22,050
)
 
$
(14,917
)
 
$
(14,216
)
 
$
28,733

 
$
(22,450
)
Basic earnings per share
 
 
 
 
 
 
 
 
 
Continuing operations (b)
$
(0.64
)
 
$
(0.46
)
 
$
(0.29
)
 
$
(0.91
)
 
$
(2.33
)
Discontinued operations
$
0.12

 
$
0.09

 
$
—

 
$
1.36

 
$
1.76

Total (b)
$
(0.52
)
 
$
(0.37
)
 
$
(0.29
)
 
$
0.45

 
$
(0.57
)
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
Continuing operations (b)
$
(0.64
)
 
$
(0.46
)
 
$
(0.29
)
 
$
(0.91
)
 
$
(2.33
)
Discontinued operations
$
0.12

 
$
0.09

 
$
—

 
$
1.36

 
$
1.76

Total (b)
$
(0.52
)
 
$
(0.37
)
 
$
(0.29
)
 
$
0.45

 
$
(0.57
)
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
March 31
 
June 30
 
September 29
 
December 31
 
Total Year
2018
 
 
 
 
 
 
 
 
 
Net Sales
$
479,491

 
$
494,860

 
$
501,298

 
$
481,345

 
$
1,956,994

Gross Margin
$
68,914

 
$
87,677

 
$
82,297

 
$
52,259

 
$
291,147

Operating Income
$
35,233

 
$
52,859

 
$
42,940

 
$
16,783

 
$
147,815

Income (loss) from continuing operations
$
17,746

 
$
44,638

 
$
29,968

 
$
7,099

 
$
99,451

Income from discontinued operations
$
6,709

 
$
8,751

 
$
7,969

 
$
5,536

 
$
28,965

Net Income
$
24,455

 
$
53,389

 
$
37,937

 
$
12,635

 
$
128,416

Basic earnings per share
 
 
 
 
 
 
 
 
 
Continuing operations (a)(b)
$
0.28

 
$
0.80

 
$
0.52

 
$
0.07

 
$
1.70

Discontinued operations
$
0.13

 
$
0.17

 
$
0.16

 
$
0.11

 
$
0.57

Total (a)(b)
$
0.41

 
$
0.97

 
$
0.68

 
$
0.18

 
$
2.27

Diluted earnings per share:
 
 
 
 
 
 
 
 
 
Continuing operations (a)(b)
$
0.28

 
$
0.70

 
$
0.47

 
$
0.07

 
$
1.52

Discontinued operations
$
0.10

 
$
0.13

 
$
0.13

 
$
0.11

 
$
0.44

Total (a)(b)
$
0.38

 
$
0.83

 
$
0.60

 
$
0.18

 
$
1.96


(a)
Basic and diluted earnings per share for the second, third, and fourth quarters of 2018 and year ended December 31, 2018 included the impact of the repurchase and retirement of common stock as part of the Board of Directors authorized share buyback program. See Note 16 — Earnings per Share of Common Stock for additional information.
(b)
Basic and diluted earnings per share may include the impact of dividends on the Company’s Preferred Stock. As a result, quarterly EPS does not crossfoot to full-year EPS. See Note 16 — Earnings per Share of Common Stock for additional information.
(c) Fourth quarter 2019 includes the gain from the sale of the Matane mill. See Note 3 —Discontinued Operations.