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Interim Financial Information
 12 Months Ended
Dec. 31, 2016
Interim Financial Information [Abstract]  
Interim Financial Information



N.   INTERIM FINANCIAL INFORMATION (UNAUDITED):



The following represents quarterly unaudited financial information for 2016 and 2015:





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 (In thousands, except per share data)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per Share (basic and diluted)

Quarter

 

Net Sales

 

Gross Profit

 

Earnings from Continuing Operations

 

Earnings (Loss) from Discontinued Operations, net of tax

 

Net Earnings

 

Earnings from Continuing Operations

 

Earnings (Loss) from Discontinued Operations, net of tax

 

Net Earnings

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

$

 65,942 

 

$

 16,048 

 

$

 6,510 

 

$

 701 

 

$

 7,211 

 

$

 0.94 

 

$

 0.10 

 

$

 1.04 

Second

 

 

 69,516 

 

 

 17,167 

 

 

 7,936 

 

 

 338 

 

 

 8,274 

 

 

 1.14 

 

 

 0.05 

 

 

 1.19 

Third

 

 

 74,533 

 

 

 17,094 

 

 

 7,767 

 

 

 537 

 

 

 8,304 

 

 

 1.11 

 

 

 0.08 

 

 

 1.19 

Fourth

 

 

 131,914 

 

 

 35,353 

 

 

 19,702 

 

 

 1,073 

 

 

 20,775 

 

 

 2.82 

 

 

 0.15 

 

 

 2.97 

Total

 

$

 341,905 

 

$

 85,662 

 

$

 41,915 

 

$

 2,649 

 

$

 44,564 

 

$

 6.01 

 

$

 0.38 

 

$

 6.39 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

$

 82,971 

 

$

 20,609 

 

$

 8,299 

 

$

 (190)

 

$

 8,109 

 

$

 1.20 

 

$

 (0.03)

 

$

 1.17 

Second

 

 

 84,609 

 

 

 20,560 

 

 

 9,636 

 

 

 (516)

 

 

 9,120 

 

 

 1.38 

 

 

 (0.07)

 

 

 1.31 

Third

 

 

 72,325 

 

 

 18,605 

 

 

 8,157 

 

 

 (46)

 

 

 8,111 

 

 

 1.18 

 

 

 (0.01)

 

 

 1.17 

Fourth

 

 

 115,744 

 

 

 29,659 

 

 

 16,070 

 

 

 (914)

 

 

 15,156 

 

 

 2.31 

 

 

 (0.13)

 

 

 2.18 

Total

 

$

 355,649 

 

$

 89,433 

 

$

 42,162 

 

$

 (1,666)

 

$

 40,496 

 

$

 6.07 

 

$

 (0.24)

 

$

 5.83 



As shown above, fourth quarter sales are significantly impacted by the holiday driven seasonality of the Housewares/Small Appliance segment.  This segment orders/purchases inventory during the first three quarters to meet the sales demand of the fourth quarter.  The Defense segment is typically non-seasonal.