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Quarterly financial data (unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly financial data (unaudited)

21. Quarterly financial data (unaudited)

 

 

 

 

 

2018

 

(U.S. Dollars, in thousands, except per share data)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Year

 

Net sales

 

$

108,709

 

 

$

111,547

 

 

$

111,708

 

 

$

121,078

 

 

$

453,042

 

Cost of sales

 

 

24,147

 

 

 

22,835

 

 

 

24,020

 

 

 

25,626

 

 

 

96,628

 

Gross profit

 

 

84,562

 

 

 

88,712

 

 

 

87,688

 

 

 

95,452

 

 

 

356,414

 

Operating expense1, 2

 

 

76,692

 

 

 

82,797

 

 

 

83,781

 

 

 

83,050

 

 

 

326,320

 

Operating income1, 2

 

 

7,870

 

 

 

5,915

 

 

 

3,907

 

 

 

12,402

 

 

 

30,094

 

Net income (loss) from continuing operations2

 

 

5,226

 

 

 

925

 

 

 

(1,211

)

 

 

8,871

 

 

 

13,811

 

Net income (loss)

 

$

5,226

 

 

$

925

 

 

$

(1,211

)

 

$

8,871

 

 

$

13,811

 

Net income (loss) per common share — basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

0.28

 

 

$

0.05

 

 

$

(0.07

)

 

$

0.47

 

 

$

0.73

 

Net income (loss)

 

$

0.28

 

 

$

0.05

 

 

$

(0.07

)

 

$

0.47

 

 

$

0.73

 

Net income (loss) per common share — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

0.27

 

 

$

0.05

 

 

$

(0.07

)

 

$

0.46

 

 

$

0.72

 

Net income (loss)

 

$

0.27

 

 

$

0.05

 

 

$

(0.07

)

 

$

0.46

 

 

$

0.72

 

 

1 The Company reclassified $1.1 million of previously reported expense during the second quarter of 2018 related to changes in fair value of contingent consideration in the table above to conform to current period presentation.

2 The Company reclassified less than $10 thousand of previously reported net income (loss) from discontinued operations during the first, second, and third quarters of 2018 to continuing operations to conform to current period presentation.

 

 

 

2017

 

(U.S. Dollars, in thousands, except per share data)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Year

 

Net sales

 

$

102,738

 

 

$

108,942

 

 

$

105,247

 

 

$

116,896

 

 

$

433,823

 

Cost of sales

 

 

22,581

 

 

 

23,177

 

 

 

23,717

 

 

 

23,562

 

 

 

93,037

 

Gross profit

 

 

80,157

 

 

 

85,765

 

 

 

81,530

 

 

 

93,334

 

 

 

340,786

 

Operating expense

 

 

74,238

 

 

 

77,767

 

 

 

72,496

 

 

 

75,474

 

 

 

299,975

 

Operating income

 

 

5,919

 

 

 

7,998

 

 

 

9,034

 

 

 

17,860

 

 

 

40,811

 

Net income (loss) from continuing operations

 

 

(2,308

)

 

 

4,735

 

 

 

3,348

 

 

 

1,516

 

 

 

7,291

 

Net income (loss)

 

$

(2,654

)

 

$

3,853

 

 

$

3,456

 

 

$

1,568

 

 

$

6,223

 

Net income (loss) per common share — basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

(0.13

)

 

$

0.26

 

 

$

0.18

 

 

$

0.08

 

 

$

0.40

 

Net income (loss)

 

$

(0.15

)

 

$

0.21

 

 

$

0.19

 

 

$

0.09

 

 

$

0.34

 

Net income (loss) per common share — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

(0.13

)

 

$

0.26

 

 

$

0.18

 

 

$

0.08

 

 

$

0.39

 

Net income (loss)

 

$

(0.15

)

 

$

0.21

 

 

$

0.19

 

 

$

0.08

 

 

$

0.34