Quarterly Financial Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Data [Abstract]

Quarterly Financial Data

Note 21—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 2019, 2018 and 2017. 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.

				2019 Quarter
(in thousands, except per share data)				1st		2nd		3rd		4th
	Sales		$	602,820	$	601,602	$	555,229	$	508,444
	Gross profit			53,800		52,998		52,883		40,725
	Net income (loss)			13,773		9,447		7,136		(6,931)
	Earnings (loss) per share:
		Basic		0.34		0.25		0.19		(0.19)
		Diluted		0.34		0.24		0.19		(0.19)
				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 share:
		Basic		(0.49)		0.23		0.17		0.64
		Diluted		(0.49)		0.23		0.17		0.64
				2017 Quarter
(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 share:
		Basic		0.17		0.36		0.36		(1.54)
		Diluted		0.17		0.36		0.35		(1.54)