Interim Financial Information

12 Months Ended

Dec. 31, 2014

Interim Financial Information [Abstract]

N. INTERIM FINANCIAL INFORMATION (UNAUDITED):

The following represents quarterly unaudited financial information for 2014 and 2013:



	(In thousands, except per share data)
Quarter	Net Sales		Gross Profit		Net Earnings		Earnings per Share (Basic & Diluted)
2014
First	$	86,554	$	15,720	$	4,690	$	0.68
Second		88,312		16,142		4,171		0.60
Third		95,463		16,165		5,123		0.74
Fourth		142,034		29,174		12,493		1.80
Total	$	412,363	$	77,201	$	26,477	$	3.82

2013
First	$	83,190	$	16,209	$	6,854	$	0.99
Second		101,396		18,411		8,301		1.20
Third		100,612		19,650		9,015		1.31
Fourth		134,990		25,082		17,082		2.47
Total	$	420,188	$	79,352	$	41,252	$	5.97

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

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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