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Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial information
The following table sets forth certain quarterly financial data for the periods indicated (in thousands, except per share amounts):

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Fiscal Year 2016
 
 
 
 
 
 
 
Net sales:
 
 
 
 
 
 
 
Envelope
$
229,260

 
$
212,277

 
$
212,578

 
$
211,045

Print
124,487

 
114,653

 
121,739

 
132,585

Label
79,014

 
77,111

 
71,638

 
73,614

Total
$
432,761

 
$
404,041

 
$
405,955

 
$
417,244

Operating income (loss):
 
 
 
 
 
 
 
Envelope
$
17,559

 
$
17,213

 
$
16,832

 
$
9,080

Print
3,377

 
1,933

 
5,446

 
6,857

Label
4,708

 
11,901

 
6,764

 
7,176

Corporate
(8,630
)
 
(9,477
)
 
(8,169
)
 
(6,538
)
Total
$
17,014

 
$
21,570

 
$
20,873

 
$
16,575

Income (loss) from continuing operations (2)
13,020

 
50,860

 
8,745

 
(1,779
)
(Loss) income from discontinued operations, net of taxes (3)
(1,817
)
 
(3,304
)
 
686

 
1,538

Net income (loss)                                                       
$
11,203

 
$
47,556

 
$
9,431

 
$
(241
)
Net income (loss) per share—basic
 
 
 
 
 
 
 
Continuing operations (1)                                                                    
$
1.53

 
$
5.97

 
$
1.02

 
$
(0.21
)
Discontinued operations (1)                                                                    
(0.21
)
 
(0.39
)
 
0.08

 
0.18

Net income (loss) (1)
$
1.32

 
$
5.58

 
$
1.10

 
$
(0.03
)
Net income (loss) per share—diluted
 
 
 
 
 
 
 
Continuing operations (1)                                                                    
$
1.37

 
$
5.15

 
$
1.00

 
$
(0.21
)
Discontinued operations (1)                                                                    
(0.17
)
 
(0.33
)
 
0.08

 
0.18

Net income (loss) (1)
$
1.20

 
$
4.82

 
$
1.08

 
$
(0.03
)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Fiscal Year 2015
 
 
 
 
 
 
 
Net sales:
 
 
 
 
 
 
 
Envelope
$
227,410

 
$
218,139

 
$
218,454

 
$
244,715

Print
122,100

 
114,545

 
123,875

 
150,454

Label
80,167

 
80,675

 
77,454

 
83,791

Total
$
429,677

 
$
413,359

 
$
419,783

 
$
478,960

Operating income (loss):
 
 
 
 
 
 
 
Envelope
$
14,840

 
$
16,711

 
$
17,746

 
$
17,127

Print
1,679

 
2,987

 
1,541

 
8,915

Label
9,704

 
11,150

 
10,146

 
8,533

Corporate
(8,423
)
 
(9,193
)
 
(9,917
)
 
(9,753
)
Total
$
17,800

 
$
21,655

 
$
19,516

 
$
24,822

Loss from continuing operations
(8,179
)
 
(3,355
)
 
(3,562
)
 
(4,365
)
Income (loss) from discontinued operations, net of taxes (3)
500

 
950

 
319

 
(13,159
)
Net loss
$
(7,679
)
 
$
(2,405
)
 
$
(3,243
)
 
$
(17,524
)
Net (loss) income per share—basic
 
 
 
 
 
 
 
Continuing operations (1)                                                                    
$
(0.97
)
 
$
(0.39
)
 
$
(0.42
)
 
$
(0.51
)
Discontinued operations (1)                                                                    
0.06

 
0.11

 
0.04

 
(1.56
)
Net loss (1)
$
(0.91
)
 
$
(0.28
)
 
$
(0.38
)
 
$
(2.07
)
Net (loss) income per share—diluted
 
 
 
 
 
 
 
Continuing operations (1)                                                                    
$
(0.97
)
 
$
(0.39
)
 
$
(0.42
)
 
$
(0.51
)
Discontinued operations (1)                                                                    
0.06

 
0.11

 
0.04

 
(1.56
)
Net loss (1)
$
(0.91
)
 
$
(0.28
)
 
$
(0.38
)
 
$
(2.07
)
__________________________

(1) 
The quarterly earnings per share information is computed separately for each period. Therefore, the sum of such quarterly per share amounts may differ from the total year.
(2) 
During the year ended 2016, the Company completed several transactions which resulted in a net gain on early extinguishment of debt. See further detail in Note 8.
(3) 
In connection with the sale of the Packaging Business, the Company recorded a gain on sale of $1.4 million for the year ended 2016 and a loss on sale of $5.0 million for the year ended 2015. Additionally, the Company recorded a non-cash goodwill impairment charge of $9.9 million related to this transaction for the year ended 2015.