N. INTERIM FINANCIAL INFORMATION (UNAUDITED):

The following represents quarterly unaudited financial information for 2019 and 2018:



	(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
2019
First	$	63,850	$	12,492	$	5,951	$	-	$	5,951	$	0.85	$	-	$	0.85
Second		71,745		14,676		8,153		3		8,156		1.16		-		1.16
Third		78,006		23,847		14,712		1,677		16,389		2.09		0.24		2.33
Fourth		94,909		20,910		11,724		-		11,724		1.67		-		1.67
Total	$	308,510	$	71,925	$	40,540	$	1,680	$	42,220	$	5.77	$	0.24	$	6.01

2018
First	$	76,826	$	20,277	$	10,994	$	(8)	$	10,986	$	1.57	$	-	$	1.57
Second		79,227		19,445		10,776		(1)		10,775		1.54		-		1.54
Third		81,653		15,697		6,240		131		6,371		0.89		0.02		0.91
Fourth		85,611		20,464		11,879		(71)		11,808		1.69		(0.01)		1.68
Total	$	323,317	$	75,883	$	39,889	$	51	$	39,940	$	5.69	$	0.01	$	5.70

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 and Safety segments are typically non-seasonal. As discussed in Note P, the Company recognized income from the settlement of a lawsuit for breach of contract in discontinued operations in the third quarter of 2019. As discussed in Note J, Defense segment contracts contain termination clauses that may give rise to the recognition of revenue for any work completed, associated profit, and inventory/work in process at the time of termination. The Company recognized $9,412,000 of such revenue during the third quarter of 2019 for an actual termination.