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SELECTED QUARTERLY DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2017
SELECTED QUARTERLY DATA (UNAUDITED) [Abstract]  
Quarterly results (unaudited)
Quarterly results for the year ended December 31, 2017 and 2016 are summarized as follows:
 
 
 
2017
 
 
  
 
First
 
 
 
Second
 
 
 
Third
  
Fourth
 
 
  
 
Quarter
 
 
 
Quarter
 
 
 
Quarter
  
Quarter
 
 
 
   
 
   
 
      
         
Net sales
 
$
113,668
 
 
 
$
131,617
 
 
 
$
126,386
  
$
119,940
 
 
 
    
 
    
 
        
         
Gross profit
  
23,278
 
 
  
29,042
 
 
  
27,617
   
22,075
 
 
 
    
 
    
 
        
         
Net earnings (loss)
  
746
 
 
  
3,120
 
 
  
5,024
   
(20,787
)
 (a)
 
    
 
    
 
        
         
Net earnings (loss) per share:
    
 
    
 
        
       
Class A common share - basic and diluted
 
$
0.05
 
 
 
$
0.24
 
 
 
$
0.40
  
$
(1.66
)
 
Class B common share - basic and diluted
 
$
0.06
 
 
 
$
0.26
 
 
 
$
0.42
  
$
(1.74
)
 
 
    
 
    
 
        
         
 
    
 
    
 
        
         
 
    
 
    
 
        
         
  2016              
  
 
First
 
 
 
Second
 
 
 
Third
  
Fourth
 
 
  
 
Quarter
 
 
 
Quarter
 
 
 
Quarter
  
Quarter
 
 
 
    
 
    
 
        
         
Net sales
 
$
121,182
 
 
 
$
131,622
 
 
 
$
128,809
  
$
118,539
 
 
 
    
 
    
 
        
         
Gross profit
  
23,074
 
 
  
25,692
 
 
  
26,575
   
24,579
 
 
 
    
 
    
 
        
         
Net (loss) earnings
  
(100,696
)
(b)
  
22,776
 
 (b)
  
9,710
   
3,377
 
 
 
    
 
    
 
        
         
Net (loss) earnings per share:
    
 
    
 
        
       
Class A common share - basic and diluted
 
$
(8.15
)
 
 
$
1.83
 
 
 
$
0.78
  
$
0.27
 
 
Class B common share - basic and diluted
 
$
(8.55
)
 
 
$
1.93
 
 
 
$
0.82
  
$
0.29
 
 
 
(a)
The provision for income taxes in the fourth quarter of 2017 included an $18 million impact from the U.S. Tax Cuts and Jobs Act which was enacted on December 22, 2017.  This consisted of an estimated transition tax on foreign earnings of approximately $16 million after the utilization of foreign tax credits and $2 million related to the revaluation of the Company's deferred tax assets.
(b)
In connection with an interim impairment test related to the Company's goodwill and other intangible assets, provisional non-cash impairment charges totaling $104.3 million were recorded during the first quarter of 2016.  During the second quarter of 2016, the Company finalized its interim impairment test, which resulted in a $2.6 million reduction to the provisional impairment charge recorded during the first quarter.