Quarterly Results (Unaudited) (As Corrected)

12 Months Ended

Dec. 31, 2020

The following is a summary of the quarterly results of operations for the years ended December 31, 2020 and 2019:


	Quarter
	First		Second		Third		Fourth
	(in thousands, except per share data)
2020
Net sales	$	137,483	$	125,596	$	134,772	$	116,700
Gross profit	42,947		38,131		40,848		33,923
Net income	21,853		17,804		20,460		18,892		1
Earnings per share:
Basic	$	0.42	$	0.34	$	0.39	$	0.36	1
Diluted	$	0.41	$	0.34	$	0.38	$	0.35	1

2019
Net sales	$	113,822	$	119,437	$	113,500	$	122,574
Gross profit	25,430		30,204		27,410		36,381
Net income	8,757		13,391		14,290		17,273
Earnings per share:
Basic	$	0.17	$	0.26	$	0.27	$	0.33
Diluted	$	0.17	$	0.26	$	0.26	$	0.33

1The Company had a gain of $4.1 million, net of profit sharing and taxes, associated with insurance proceeds (Note 2) related to a damaged roof incurred by adverse weather earlier in the year, which impacted our basic and diluted EPS by $0.08.