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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information (Unaudited)  
Quarterly Financial Information (Unaudited)

20. Quarterly Financial Information (Unaudited)

 

Summarized quarterly results for the years ended December 31, 2015 and 2014 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

Year Ended

 

 

 

 

 

 

 

 

 

 

 

 December 31, 

 

2015 by Quarter:

    

Q1

    

Q2

    

Q3

    

Q4

    

2015

 

Net sales

 

$
77,310

 

$
95,536

 

$
107,697

 

$
93,567

 

$
374,110

 

Gross profit

 

 
25,508

 

 
35,835

 

 
43,049

 

 
31,429

 

 
135,821

 

Income (loss) from continuing operations

 

 
5,960

 

 
12,155

 

 
14,760

 

 
(1,615)

 

 
31,261

 

Income (loss) from discontinued operation, net of taxes

 

 
281

 

 

 -

 

 

 -

 

 
(679)

 

 
(398)

 

Net income (loss)

 

 
6,242

 

 
12,155

 

 
14,760

 

 
(2,294)

 

 
30,863

 

Preferred stock dividends

 

 
(12,611)

 

 
(12,747)

 

 
(7,096)

 

 
(94)

 

 
(32,548)

 

Net (loss) income attributable to common shareholders

 

$
(6,369)

 

$
(592)

 

$
7,664

 

$
(2,388)

 

$
(1,685)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (loss) earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$
(0.16)

 

$
(0.02)

 

$
0.19

 

$
(0.03)

 

$
(0.03)

 

Discontinued operation

 

 
0.01

 

 

 -

 

 

 -

 

 
(0.01)

 

 
(0.01)

 

 

 

$
(0.15)

 

$
(0.02)

 

$
0.19

 

$
(0.04)

 

$
(0.04)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

2014 by Quarter:

    

Q1

    

Q2

    

Q3

    

Q4

    

 2014 

 

Net sales

 

$
42,531

 

$
53,236

 

$
77,374

 

$
87,865

 

$
261,006

 

Gross profit

 

 
10,244

 

 
15,554

 

 
26,663

 

 
29,266

 

 
81,727

 

Income from continuing operations

 

 
496

 

 
3,070

 

 
6,768

 

 
5,638

 

 
15,972

 

(Loss) income  from discontinued operation, net of taxes

 

 
(1,596)

 

 
(1,167)

 

 
699

 

 
(606)

 

 
(2,670)

 

Net (loss) income

 

 
(1,100)

 

 
1,903

 

 
7,467

 

 
5,032

 

 
13,302

 

Preferred stock dividends

 

 
(10,432)

 

 
(10,548)

 

 
(10,692)

 

 
(12,805)

 

 
(44,477)

 

Net loss attributable to common shareholders

 

$
(11,532)

 

$
(8,645)

 

$
(3,225)

 

$
(7,773)

 

$
(31,175)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (loss) earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$
(0.24)

 

$
(0.18)

 

$
(0.10)

 

$
(0.17)

 

$
(0.69)

 

Discontinued operation

 

 
(0.04)

 

 
(0.03)

 

 
0.02

 

 
(0.01)

 

 
(0.07)

 

 

 

$
(0.28)

 

$
(0.21)

 

$
(0.08)

 

$
(0.18)

 

$
(0.76)

 

 

 

The immaterial errors further described in Note 2 “Summary of Significant Accounting Policies” resulted in an increase (decrease) to our previously reported Cost of Sales from products and an associated (increase) decrease to our previously reported Cost of Sales from services of $4,349,  $(1,146), and $(508) for the quarter-to-date periods ended September 30, June 30, and March 31, respectively, and $2,695,  $(1,654), and $(508) for the year-to-date periods ended September 30, June 30, and March 31, 2015, respectively, and an increase (decrease) to our previously reported Cost of Sales from products and an associated (increase) decrease to our previously reported Cost of Sales from services of $1,124,  ($806),  ($1,400) for the quarter-to-date periods ended September 30, June 30, and March 31, 2014, respectively, and ($1,082),  ($2,206), and ($1,400) for the year-to-date periods ended September 30, June 30, and March 31, 2014, respectively.