Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (Unaudited)

Summarized quarterly financial data for 2012 and 2011 is presented below. Seasonal influences affect the Company’s sales and profits, with peak business occurring in May through August.

(in thousands, except per share amounts)

	2012								2011
	First		Second		Third		Fourth		First		Second		Third		Fourth
Sales	$	155,911	$	167,009	$	156,078	$	149,404	$	140,715	$	160,824	$	155,057	$	146,997
Gross profit	35,238		39,161		37,070		32,043		31,901		37,391		37,223		28,570
Net income	6,785		9,344		8,575		4,199		5,667		8,914		10,056		8,050
Earnings per share
Diluted	$	0.56	$	0.77	$	0.71	$	0.35	$	0.47	$	0.74	$	0.84	$	0.67
Average shares
Diluted	12,027		12,058		12,056		12,090		11,980		11,966		11,947		11,973
Dividends per share	$	0.06	0.06		$	0.06	$	0.06	$	0.06	$	0.06	$	0.06	$	0.06
Market price of     common stock
High	$	30.93	$	34.23	$	34.00	$	34.63	$	29.27	$	28.87	$	25.05	$	29.20
Low	$	25.51	$	29.40	$	27.07	$	29.66	$	25.32	$	21.09	$	20.35	$	19.71

The sum of quarterly earnings per share may not equal total year earnings per share due to rounding of earnings per share amounts, and differences in weighted-average shares and equivalent shares outstanding for each of the periods presented.

The fourth quarter 2011 results include the following items: (1) a pretax charge of $1.9 million related to goodwill impairment (2) a $8.6 million gain on bargain purchase relating to Tenco and (3) restructuring cost of $0.9 million relating to a plant closure.

The fourth quarter 2012 results include the following items: (1) a pretax charge of $0.7 million related to goodwill impairment (2) a $2.4 million charge relating to various litigation mattersand (3) a $1.2 million reversal of an environmental reserve at our Gradall facility.