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Supplemental Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Quarterly Financial Data (Unaudited)
Supplemental Quarterly Financial Data (Unaudited)
 
 
(In thousands, except per share amounts)
 
 
Three Months Ended
2019
 
Three Months Ended
2018
 
 
Dec 31
 
Sep 28
 
Jun 29
 
Mar 30
 
Dec 31
 
Sep 29
 
Jun 30
 
Mar 31
Net Revenues
 
$
186,926

 
$
181,101

 
$
180,495

 
$
172,566

 
$
164,183

 
$
159,842

 
$
154,827

 
$
150,455

Gross Profit
 
40,111

 
38,327

 
38,065

 
35,694

 
32,697

 
31,116

 
32,028

 
26,755

Income Before Taxes
 
9,848

 
10,240

 
9,178

 
8,497

 
1,791

 
4,290

 
1,833

 
2,357

Income Tax Expense (Benefit)
 
977

 
1,937

 
1,363

 
1,025

 
1,118

 
119

 
242

 
(243
)
Net Income
 
$
8,871

 
$
8,303

 
$
7,815

 
$
7,472

 
$
673

 
$
4,171

 
$
1,591

 
$
2,600

Earnings Per Share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
0.77

 
$
0.72

 
$
0.68

 
$
0.65

 
$
0.06

 
$
0.37

 
$
0.14

 
$
0.23

Diluted earnings per share
 
$
0.75

 
$
0.70

 
$
0.66

 
$
0.64

 
$
0.06

 
$
0.36

 
$
0.14

 
$
0.22


In the fourth quarter of 2019, we acquired 100.0% of the outstanding equity interests of Nobles and Nobles’ results of operations have been included in our consolidated statements of income since the date of acquisition as part of the Structural Systems segment. See Note 3.
In the fourth quarter of 2018, we recorded restructuring charges of $3.8 million as part of a restructuring plan that commenced during the fourth quarter of 2017. See Note 4.
In the third quarter of 2018, we recorded restructuring charges of $3.4 million as part of a restructuring plan that commenced during the fourth quarter of 2017. See Note 4.
In the second quarter of 2018, we acquired 100.0% of the outstanding equity interests of CTP and CTP’s results of operations have been included in our consolidated statements of income since the date of acquisition as part of the Structural Systems segment. See Note 3. In addition, we recorded restructuring charges of $5.4 million as part of a restructuring plan that commenced during the fourth quarter of 2017. See Note 4.
In the first quarter of 2018, we recorded restructuring charges of $2.2 million as part of a restructuring plan that commenced during the fourth quarter of 2017. See Note 4.