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Quarterly Financial Data-Unaudited (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

 

Total(1)

 

 

 

(dollars in thousands, except per share data)

 

Year Ended December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

1,254,139

 

 

$

1,320,037

 

 

$

1,419,947

 

 

$

1,333,082

 

 

$

5,327,205

 

Gross profit

 

 

187,083

 

 

 

199,460

 

 

 

211,028

 

 

 

212,930

 

 

$

810,501

 

Net income(2)

 

 

21,857

 

 

 

33,331

 

 

 

38,169

 

 

 

25,841

 

 

$

119,198

 

Net income per share—basic

 

$

0.56

 

 

$

0.86

 

 

$

0.99

 

 

$

0.67

 

 

$

3.08

 

Net income per share—diluted

 

$

0.55

 

 

$

0.85

 

 

$

0.98

 

 

$

0.67

 

 

$

3.05

 

Year Ended December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

1,250,485

 

 

$

1,274,494

 

 

$

1,336,676

 

 

$

1,223,638

 

 

$

5,085,293

 

Gross profit

 

 

188,525

 

 

 

201,936

 

 

 

203,661

 

 

 

195,456

 

 

 

789,578

 

Net income(3)

 

 

13,874

 

 

 

34,670

 

 

 

40,501

 

 

 

34,125

 

 

 

123,170

 

Net income per share—basic

 

$

0.35

 

 

$

0.87

 

 

$

1.03

 

 

$

0.86

 

 

$

3.11

 

Net income per share—diluted

 

$

0.34

 

 

$

0.86

 

 

$

1.01

 

 

$

0.85

 

 

$

3.06

 

 

 

(1) As a result of changes in the number of common and common equivalent shares during the year, the sum of quarterly earnings per share will not necessarily equal earnings per share for the total year.

(2) 2014 results were impacted by a loss on disposition of MBS Dev totaling $8.2 million or $0.21 per diluted share in the fourth quarter. This loss was not fully recognizable for tax.

(3) 2013 results were impacted by the effects of a $13.0 million or $0.20 per diluted share workforce reduction and facility closure charge in the first quarter, and a non-tax deductible $1.2 million or $0.03 per diluted share asset impairment charge in the fourth quarter.