XML 44 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summarized Quarterly Results of Operations (Notes)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Results of Operations

18.  Summarized Quarterly Results of Operations (Unaudited)

 

Quarter Ended 2018

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

Total

 

Net Sales

 

$

152,568

 

 

$

140,560

 

 

$

135,219

 

 

$

138,388

 

 

$

566,735

 

Gross Profit

 

 

47,115

 

 

 

47,991

 

 

 

42,091

 

 

 

42,096

 

 

 

179,293

 

Income (loss) from continuing operations

 

 

7,755

 

 

 

8,608

 

 

 

(21,137

)

 

 

3,126

 

 

 

(1,648

)

Income (loss) from discontinued operations, net

 

 

(911

)

 

 

—

 

 

 

(2

)

 

 

(788

)

 

 

(1,701

)

Net income (loss)

 

 

6,844

 

 

 

8,608

 

 

 

(21,139

)

 

 

2,338

 

 

 

(3,349

)

Income (loss) per common share from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.25

 

 

$

0.26

 

 

$

(0.60

)

 

$

0.09

 

 

$

(0.05

)

Diluted*

 

$

0.25

 

 

$

0.26

 

 

$

(0.60

)

 

$

0.09

 

 

$

(0.05

)

Income (loss) per common share from discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

(0.03

)

 

$

—

 

 

$

—

 

 

$

(0.02

)

 

$

(0.05

)

Diluted*

 

$

(0.03

)

 

$

—

 

 

$

—

 

 

$

(0.02

)

 

$

(0.05

)

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.22

 

 

$

0.26

 

 

$

(0.60

)

 

$

0.07

 

 

$

(0.10

)

Diluted*

 

$

0.22

 

 

$

0.26

 

 

$

(0.60

)

 

$

0.07

 

 

$

(0.10

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended 2017

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

Total

 

Net Sales

 

$

136,572

 

 

$

135,252

 

 

$

135,113

 

 

$

140,106

 

 

$

547,043

 

Gross Profit

 

 

41,761

 

 

 

38,292

 

 

 

39,143

 

 

 

38,257

 

 

 

157,453

 

Income (loss) from continuing operations (3) (4)

 

 

3,458

 

 

 

2,482

 

 

 

3,083

 

 

 

1,821

 

 

 

10,844

 

Income (loss) from discontinued operations, net (1) (2)

 

 

(344

)

 

 

(489

)

 

 

174

 

 

 

(20,074

)

 

 

(20,733

)

Net income (loss)(1) (2) (3) (4)

 

$

3,114

 

 

$

1,993

 

 

$

3,257

 

 

$

(18,253

)

 

 

(9,889

)

Income (loss) per common share from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.12

 

 

$

0.08

 

 

$

0.10

 

 

$

0.06

 

 

$

0.36

 

Diluted*

 

$

0.11

 

 

$

0.08

 

 

$

0.10

 

 

$

0.06

 

 

$

0.35

 

Income (loss) per common share from discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

(0.02

)

 

$

(0.01

)

 

$

0.01

 

 

$

(0.66

)

 

$

(0.69

)

Diluted*

 

$

(0.01

)

 

$

(0.01

)

 

$

0.01

 

 

$

(0.65

)

 

$

(0.68

)

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.10

 

 

$

0.07

 

 

$

0.11

 

 

$

(0.60

)

 

$

(0.33

)

Diluted*

 

$

0.10

 

 

$

0.07

 

 

$

0.11

 

 

$

(0.59

)

 

$

(0.33

)

 

 

(1)

A loss on the sale of the Brazil Business of $35 million was recognized during the fourth quarter of 2017. This loss is included in loss from discontinued operations in the accompanying Consolidated Statements of Operations.

(2)

During the quarter ended December 31, 2017, the Company recorded a U.S. tax benefit of approximately $15 million as a result of a worthless stock deduction related to the Company’s investment in the Brazil Business. This benefit is included in loss from discontinued operations in the accompanying Consolidated Statements of Operations.

(3)  

During the quarter ended December 31, 2017, the Company recorded a loss on extinguishment of debt of approximately $1.9 million.

(4)

During the quarter ended December 31, 2017, the Company recorded a net tax benefit of approximately $1.2 million related to the Tax Act

 

*

The sum of the earnings per share for the four quarters in a year does not necessarily equal the total year earnings per share due to the computation of weighted shares outstanding during each respective period.