Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Selected Quarterly Financial Data (Unaudited) [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note 17, Selected Quarterly Financial Data (Unaudited):

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2019 and 2018 (in thousands, except per share data):

	2019 Quarter Ended
	March 31		June 30		September 30		December 31
Net sales	$	187,242	$	191,893	$	209,320	$	213,837
Gross profit		103,083		103,557		112,019		115,830
Income before taxes		4,725		8,237		8,169		7,592
Net income		3,621		6,046		6,097		6,100
Basic net earnings per share:
Common		0.18		0.30		0.31		0.32
Class A Common		0.17		0.28		0.30		0.30
Diluted net earnings per share:
Common		0.17		0.29		0.31		0.31
Class A Common		0.17		0.27		0.30		0.30

During the quarter ended December 31, 2019, an impairment loss of $2.4 million related to a retail store was recorded. We recognized a deferred tax benefit related to leases that reduced income tax expense by $0.4 million in the quarter ended December 31, 2019.

	2018 Quarter Ended
	March 31		June 30		September 30		December 31
Net sales	$	199,442	$	198,775	$	210,547	$	208,968
Gross profit		108,907		107,797		115,372		114,466
Income before taxes		8,457		8,410		11,204		12,338
Net income		6,313		6,214		8,352		9,429
Basic net earnings per share:
Common		0.30		0.30		0.40		0.46
Class A Common		0.28		0.28		0.38		0.44
Diluted net earnings per share:
Common		0.29		0.29		0.39		0.45
Class A Common		0.28		0.28		0.38		0.45

Because of rounding the amounts will not necessarily add to the totals computed for the year. Also because of rounding and the use of the two-class method in calculating per share data, the quarterly per share data will not necessarily add to the annual totals.