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SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Summarized quarterly financial information for 2015 and 2014 is as follows (in thousands, except per share data):
 
Quarter
 
First
 
Second
 
Third
 
Fourth
2015
 

 
 

 
 

 
 

Sales
$
69,128

 
$
82,356

 
$
76,805

 
$
86,960

Gross profit
18,248

 
23,464

 
21,759

 
26,927

Net (loss) income
(1,408
)
 
1,586

 
(327
)
 
2,759

 
 
 
 
 
 
 
 
Per share data:
 

 
 

 
 

 
 

Basic (loss) earnings per share (1)
$
(0.11
)
 
$
0.12

 
$
(0.03
)
 
$
0.22

Diluted (loss) earnings per share (1)
$
(0.11
)
 
$
0.12

 
$
(0.03
)
 
$
0.21

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
12,742

 
12,776

 
12,793

 
12,793

Diluted weighted average shares outstanding
12,742

 
12,857

 
12,793

 
12,886



 
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 earnings per share:
 

 
 

 
 

 
 

Continuing operations
$
(0.05
)
 
$
0.11

 
$
(0.60
)
 
$
0.35

Gain from disposal of discontinued operation
0.01

 
—

 
—

 
—

Diluted (loss) 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

____________________
(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.