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SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Summarized quarterly financial information for 2014 and 2013 is as follows (in thousands, except per share data):
 
Quarter
 
First
 
Second
 
Third
 
Fourth
2014
 

 
 

 
 

 
 

Sales
$
70,850

 
$
78,851

 
$
68,924

 
$
93,008

Gross profit
19,220

 
21,961

 
18,677

 
27,020

Net (loss) income from continuing operations
(671
)
 
1,349

 
(7,578
)
 
4,542

Gain from disposal of discontinued operation, net of tax
218

 
—

 
—

 
—

Net (loss) income
(453
)
 
1,349

 
(7,578
)
 
4,542

 
 
 
 
 
 
 
 
Per share data:
 

 
 

 
 

 
 

Basic (loss) earnings per share:
 

 
 

 
 

 
 

Continuing operations
$
(0.05
)
 
$
0.11

 
$
(0.60
)
 
$
0.36

Gain from disposal of discontinued operation
0.01

 
—

 
—

 
—

Basic (loss) earnings per share (1)
$
(0.04
)
 
$
0.11

 
$
(0.60
)
 
$
0.36

Diluted (loss) earnings per share:
 

 
 

 
 

 
 

Continuing operations
$
(0.05
)
 
$
0.11

 
$
(0.60
)
 
$
0.35

Gain from disposal of discontinued operation
0.01

 
—

 
—

 
—

Diluted earnings per share (1)
$
(0.04
)
 
$
0.11

 
$
(0.60
)
 
$
0.35

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
12,499

 
12,715

 
12,715

 
12,716

Diluted weighted average shares outstanding
12,499

 
12,820

 
12,715

 
12,832


 
Quarter
 
First
 
Second
 
Third
 
Fourth
2013
 

 
 

 
 

 
 

Sales
$
67,219

 
$
79,355

 
$
79,784

 
$
103,101

Gross profit
18,973

 
22,767

 
22,041

 
29,458

Net income from continuing operations
40

 
2,056

 
1,173

 
1,126

Gain from disposal of discontinued operation, net of tax
—

 
—

 
—

 
4,890

Income from discontinued operations, net of tax
—

 
209

 
306

 
127

Net income
40

 
2,265

 
1,479

 
6,143

 
 
 
 
 
 
 
 
Per share data:
 

 
 

 
 

 
 

Basic earnings per share:
 

 
 

 
 

 
 

Continuing operations
$
—

 
$
0.18

 
$
0.10

 
$
0.09

Gain from disposal of discontinued operation
—

 
—

 
—

 
0.40

Discontinued operations
—

 
0.01

 
0.03

 
0.01

Basic earnings per share (1)
$
—

 
$
0.19

 
$
0.13

 
$
0.50

Diluted earnings per share:
 

 
 

 
 

 
 

Continuing operations
$
—

 
$
0.18

 
$
0.10

 
$
0.09

Gain from disposal of discontinued operation
—

 
—

 
—

 
0.40

Discontinued operations
—

 
0.01

 
0.03

 
0.01

Diluted earnings per share (1)
$
—

 
$
0.19

 
$
0.13

 
$
0.50

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
11,660

 
11,663

 
11,721

 
12,160

Diluted weighted average shares outstanding
11,743

 
11,754

 
11,813

 
12,253

____________________
(1) 
Due to the changes in outstanding shares from quarter to quarter, the total earnings per share of the four quarters may not necessarily equal the earnings per share for the year.