QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected quarterly financial data for the years ended December 31, 2019 and 2018 is as follows: 

(thousands except per share data)	1Q		2Q		3Q		4Q		2019
Net sales	$	608,218	$	613,218	$	566,186	$	549,460	$	2,337,082
Gross profit	106,548		112,661		104,335		99,327		422,871
Net income	20,849		27,416		21,317		19,984		89,566
Net income per common share(1)
Basic	$	0.90	$	1.19	$	0.92	$	0.87	$	3.88
Diluted	0.90		1.18		0.92		0.86		3.85
Cash dividends paid per common share	$	—	$	—	$	—	$	0.25	$	0.25
(thousands except per share data)	1Q		2Q		3Q		4Q		2018
Net sales	$	551,832	$	604,879	$	575,139	$	531,211	$	2,263,061
Gross profit	97,754		114,792		106,655		96,665		415,866
Net income	30,068		34,860		27,934		26,970		119,832
Net income per common share(1)
Basic	$	1.22	$	1.44	$	1.17	$	1.17	$	4.99
Diluted	1.20		1.42		1.15		1.15		4.93

(1) Basic and diluted net income per common share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted net income per common share information may not equal annual basic and diluted net income per common share.