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Quarterly financial data (unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly financial data (unaudited)

21. Quarterly financial data (unaudited)

 

 

 

2019

 

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

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Year

 

Net sales

 

$

109,112

 

 

$

115,850

 

 

$

113,499

 

 

$

121,494

 

 

$

459,955

 

Cost of sales

 

 

23,708

 

 

 

25,812

 

 

 

24,896

 

 

 

26,191

 

 

 

100,607

 

Gross profit

 

 

85,404

 

 

 

90,038

 

 

 

88,603

 

 

 

95,303

 

 

 

359,348

 

Operating expense

 

 

89,852

 

 

 

89,587

 

 

 

107,485

 

 

 

91,208

 

 

 

378,132

 

Operating income (loss)

 

 

(4,448

)

 

 

451

 

 

 

(18,882

)

 

 

4,095

 

 

 

(18,784

)

Net income (loss) from continuing operations

 

 

897

 

 

 

(547

)

 

 

(40,498

)

 

 

11,686

 

 

 

(28,462

)

Net income (loss)

 

$

897

 

 

$

(547

)

 

$

(40,498

)

 

$

11,686

 

 

$

(28,462

)

Net income (loss) per common share — basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

0.05

 

 

$

(0.03

)

 

$

(2.14

)

 

$

0.61

 

 

$

(1.51

)

Net income (loss)

 

$

0.05

 

 

$

(0.03

)

 

$

(2.14

)

 

$

0.61

 

 

$

(1.51

)

Net income (loss) per common share — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

0.05

 

 

$

(0.03

)

 

$

(2.14

)

 

$

0.60

 

 

$

(1.51

)

Net income (loss)

 

$

0.05

 

 

$

(0.03

)

 

$

(2.14

)

 

$

0.60

 

 

$

(1.51

)

 

 

 

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.