Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

The following table summarizes quarterly financial results for 2017 and 2016. In management’s opinion, all material adjustments necessary for a fair statement of the information for such quarters have been reflected.



	1st Quarter				2nd Quarter				3rd Quarter				4th Quarter
In thousands except per share data	2017		2016		2017		2016		2017		2016		2017		2016
Net sales	$	165,487	$	129,700	$	174,879	$	137,235	$	180,041	$	155,725	$	178,030	$	144,192
Gross profit	$	40,424	$	32,377	$	43,253	$	35,990	$	39,980	$	38,193	$	39,405	$	31,982
Net income	$	11,669	$	9,169	$	13,125	$	10,813	$	10,675	$	12,785	$	13,848	$	4,420
Earnings per common share:
Basic	$	0.69	$	0.54	$	0.77	$	0.64	$	0.63	$	0.76	$	0.81	$	0.26
Diluted	$	0.68	$	0.54	$	0.76	$	0.63	$	0.62	$	0.75	$	0.80	$	0.26

Schedule of Components of Gross Profit and Net Income (Loss)

The following components are included gross profit and net income for 2017 and 2016 and impact the comparability of each year:



	1st Quarter				2nd Quarter				3rd Quarter				4th Quarter
In thousands except per share data	2017		2016		2017		2016		2017		2016		2017		2016
Gross profit impact:
Inventory step-up purchase accounting adjustments	$	481	$	—	$	543	$	—	$	83	$	1,607	$	—	$	347
Restructuring, severance and segment consolidation expenses	441		—		92		—		287		—		155		—
Net income impact:
Inventory step-up purchase accounting adjustments	350		—		394		—		59		1,176		—		254
Restructuring, severance and segment consolidation expenses	702		—		216		—		910		—		488		—
Long-lived asset impairment charge	490		—		—		—		—		—		—		—
Strategic initiatives expenses	125		365		—		1,080		219		820		205		786
German Cartel settlement	—		—		—		—		—		—		—		3,479