Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

Quarterly data for the years ended December 31, 2018 and 2017 consisted of the following (in thousands, except per share amounts):

	Quarter Ended
	March 31		June 30		September 30			December 31
2018
Net sales	$	203,035	$	224,810	$	221,659		$	233,249
Gross profit	88,056		100,009		102,039			104,666
Income from operations	8,781		15,114		21,061			13,661
Income tax expense	1,090		624		2,766			3,022
Net income	5,269		10,941		16,619			9,188
Basic earnings per common share	0.10		0.22		0.31			0.17
Diluted earnings per common share	0.10		0.21		0.30			0.16
2017
Net sales	$	171,069	$	186,549	$	179,337		$	190,897
Gross profit	75,942		84,141		80,514			85,656
Income from operations	5,609		13,362		879			13,219
Income tax expense	690		1,830		1,364			4,474
Net income (loss)	14,803		9,483		(3,569		)	6,806
Basic earnings per common share	0.33		0.19		(0.07		)	0.14
Diluted earnings per common share	0.32		0.19		(0.07		)	0.13

Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly amounts may not equal the total computed for the year.