SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2013

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

19.           SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly results (unaudited) for the years ended December 31, 2013 and 2012 are summarized as follows (in thousands, except per share data):

											Total Year
	Quarter Ended										Ended
	March 31,			June 30,		September 30,		December 31,			December 31,
	2013			2013 (c)		2013 (c)		2013			2013 (a)
Net sales	$	63,028		$	93,981	$	101,164	$	91,016		$	349,189
Cost of sales		53,932			78,724		81,136		73,160			286,952
Net (loss) earnings		(558	)		1,689		7,380		7,397			15,908
(Loss) earnings per share:
Class A common share - basic and diluted	$	(0.05	)	$	0.14	$	0.62	$	0.61		$	1.32
Class B common share - basic and diluted	$	(0.05	)	$	0.15	$	0.65	$	0.65		$	1.41
											Total Year
	Quarter Ended										Ended
	March 31,			June 30,		September 30,		December 31,			December 31,
	2012			2012		2012		2012 (b)			2012 (a)
Net sales	$	65,561		$	73,222	$	76,059	$	71,752		$	286,594
Cost of sales		55,136			61,081		63,472		60,426			240,115
Net earnings (loss)		872			1,441		2,492		(2,432	)		2,373
Earnings (loss) per share:
Class A common share - basic and diluted	$	0.07		$	0.11	$	0.20	$	(0.21	)	$	0.17
Class B common share - basic and diluted	$	0.08		$	0.12	$	0.21	$	(0.21	)	$	0.21

(a)   Quarterly amounts of earnings per share may not agree to the total for the year due to rounding.

(b)   The net loss for the quarter ended December 31, 2012 includes $3.1 million of restructuring charges primarily related to severance charges and the writedown of assets associated with the closure of the Company’s Vinita, Oklahoma manufacturing facility.

(c)   The net earnings for the quarters ended June 30, 2013 and September 30, 2013 have been restated to include the effects of measurement period adjustments related to the acquisitions of TRP and Array.  These measurement period adjustments reduced the previously-reported net earnings by $0.7 million and $0.5 million for the quarters ended June 30, 2013 and September 30, 2013, respectively, and primarily related to the step-up of inventory to fair value, and higher depreciation and amortization expense related to the appraised fair values of property, plant and equipment, and the various intangible assets as further described in Note 2.