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SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Summarized quarterly financial information for 2016 and 2015 is as follows (in thousands, except per share data):
 
Quarter
 
First
 
Second
 
Third
 
Fourth
2016
 

 
 

 
 

 
 

Sales
$
67,822

 
$
70,186

 
$
67,211

 
$
86,794

Gross profit
22,744

 
23,553

 
23,151

 
28,079

Net (loss) income
(1,245
)
 
145

 
(1,383
)
 
3,707

 
 
 
 
 
 
 
 
Per share data:
 

 
 

 
 

 
 

Basic (loss) earnings per share (1)
$
(0.10
)
 
$
0.01

 
$
(0.11
)
 
$
0.29

Diluted (loss) earnings per share (1)
$
(0.10
)
 
$
0.01

 
$
(0.11
)
 
$
0.29

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
12,797


12,812


12,835


12,854

Diluted weighted average shares outstanding
12,797


12,898


12,835


12,922



 
Quarter
 
First
 
Second
 
Third
 
Fourth
2015
 

 
 

 
 

 
 

Sales
$
69,128

 
$
82,356

 
$
76,805

 
$
86,960

Gross profit
21,855

 
26,962

 
25,369

 
30,352

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

____________________
(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.