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QUARTERLY FINANCIAL DATA - UNAUDITED
 12 Months Ended
Dec. 31, 2016
QUARTERLY FINANCIAL DATA - UNAUDITED  
QUARTERLY FINANCIAL DATA - UNAUDITED

QUARTERLY FINANCIAL DATA — UNAUDITED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

(Dollars in thousands, except per share data)

  

1st Quarter

  

2nd Quarter

  

3rd Quarter

  

4th Quarter (1)

  

1st Quarter

  

2nd Quarter

  

3rd Quarter

  

4th Quarter

 

Net sales

 

$
120,199

 

$
132,597

 

$
123,970

 

$
137,480

 

$
135,703

 

$
135,452

 

$
132,976

 

$
130,873

 

Net sales less cost of products sold (excluding depreciation and amortization)

 

$
41,740

 

$
44,934

 

$
38,540

 

$
42,634

 

$
48,485

 

$
50,838

 

$
48,172

 

$
43,987

 

Net income

 

$
5,458

 

$
7,896

 

$
6,385

 

$
(5,942)

 

$
11,061

 

$
12,580

 

$
12,106

 

$
7,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

$
0.11

 

$
0.16

 

$
0.13

 

$
(0.12)

 

$
0.21

 

$
0.24

 

$
0.23

 

$
0.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

$
0.11

 

$
0.15

 

$
0.13

 

$
(0.12)

 

$
0.21

 

$
0.24

 

$
0.23

 

$
0.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 
50,308

 

 
50,225

 

 
50,246

 

 
50,255

 

 
52,451

 

 
52,314

 

 
51,891

 

 
50,970

 

Diluted

 

 
51,041

 

 
50,987

 

 
50,984

 

 
51,081

 

 
53,330

 

 
53,179

 

 
52,634

 

 
51,710

 

 

(1)

Results were negatively impacted by $12.2 million of costs related to the acquisition of the New Business, consisting primarily of $10.5 million of transaction costs.  Refer to Note 20 of the consolidated financial statements in Item 8 of this Annual Report for further information.