Quarterly Financial Data

12 Months Ended

Dec. 31, 2018

Note 20—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 2018, 2017 and 2016. 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.

				2018 Quarter
(in thousands, except per share data)				1st		2nd		3rd		4th
	Sales		$	608,136	$	660,591	$	640,688	$	657,050
	Gross profit			58,318		54,299		52,777		55,199
	Net income (loss)			(23,641)		10,943		7,799		27,716
	Earnings (loss) per common share:
		Basic		(0.49)		0.23		0.17		0.64
		Diluted		(0.49)		0.23		0.17		0.64

				2017 Quarter (as adjusted)
(in thousands, except per share data)				1st		2nd		3rd		4th
	Sales		$	557,903	$	619,611	$	610,929	$	666,036
	Gross profit			47,532		59,484		58,243		60,661
	Net income (loss)			8,555		18,074		17,831		(76,361)
	Earnings (loss) per common share:
		Basic		0.17		0.36		0.36		(1.54)
		Diluted		0.17		0.36		0.35		(1.54)

				2016 Quarter (as adjusted)
(in thousands, except per share data)				1st		2nd		3rd		4th
	Sales		$	535,195	$	580,513	$	586,534	$	620,043
	Gross profit			48,409		53,200		54,180		58,896
	Net income			9,374		12,688		22,544		19,327
	Earnings per common share:
		Basic		0.19		0.26		0.46		0.39
		Diluted		0.19		0.26		0.46		0.39