Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

Note 18—Quarterly Financial Data (Unaudited)

The following table sets forth certain unaudited quarterly information with respect to the Company's results of operations for the years 2013, 2012 and 2011. Earnings per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total earnings per share amounts for the fiscal year.

			2013 Quarter
(in thousands, except per share data)			1st		2nd		3rd		4th
Sales		$	542,444	$	607,522	$	599,658	$	756,843
Gross profit			36,834		44,367		45,440		59,843
Net income			11,487		8,457		23,726		67,489
Earnings per common share:
	Basic		0.21		0.16		0.44		1.26
	Diluted		0.21		0.16		0.43		1.24

			2012 Quarter
(in thousands, except per share data)			1st		2nd		3rd		4th
Sales		$	593,417	$	630,031	$	610,769	$	633,933
Gross profit			40,508		45,991		44,780		45,459
Net income			5,598		13,580		19,314		18,115
Earnings per common share:
	Basic		0.10		0.24		0.35		0.33
	Diluted		0.10		0.24		0.34		0.33

			2011 Quarter
(in thousands, except per share data)			1st		2nd		3rd		4th
Sales		$	538,312	$	585,549	$	570,083	$	559,086
Gross profit			37,624		37,751		34,635		28,825
Net income			14,513		14,701		19,867		2,878
Earnings per common share:
	Basic		0.24		0.24		0.34		0.05
	Diluted		0.24		0.24		0.34		0.05

- 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.

+ References+ Details