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Selected Quarterly Financial Data
12 Months Ended
Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

20) Selected Quarterly Financial Data (unaudited)

 

 

 

Three Months Ended

 

 

 

 

 

 

 

Dec. 31,

 

 

Mar. 31,

 

 

Jun. 30,

 

 

Sep. 30,

 

 

 

 

 

(in thousands - except per unit data)

 

2019

 

 

2020

 

 

2020

 

 

2020

 

 

Total

 

Sales

 

$

508,945

 

 

$

543,063

 

 

$

232,155

 

 

$

183,295

 

 

$

1,467,458

 

Gross profit for product, installation and service

 

 

147,603

 

 

 

196,440

 

 

 

84,159

 

 

 

46,818

 

 

 

475,020

 

Operating income (loss)

 

 

42,451

 

 

 

86,117

 

 

 

498

 

 

 

(36,098

)

 

 

92,968

 

Income (loss) before income taxes

 

 

39,537

 

 

 

83,108

 

 

 

(2,051

)

 

 

(44,051

)

 

 

76,543

 

Net income (loss)

 

 

27,755

 

 

 

58,408

 

 

 

(46

)

 

 

(30,199

)

 

 

55,918

 

Limited Partner interest in net income (loss)

 

 

27,563

 

 

 

57,999

 

 

 

(45

)

 

 

(29,976

)

 

 

55,541

 

Net income (loss) per Limited Partner unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (a)

 

$

0.49

 

 

$

1.03

 

 

$

 

 

$

(0.68

)

 

$

1.07

 

 

 

 

Three Months Ended

 

 

 

 

 

 

 

Dec. 31,

 

 

Mar. 31,

 

 

Jun. 30,

 

 

Sep. 30,

 

 

 

 

 

(in thousands - except per unit data)

 

2018

 

 

2019

 

 

2019

 

 

2019

 

 

Total

 

Sales

 

$

535,027

 

 

$

699,582

 

 

$

283,376

 

 

$

235,887

 

 

$

1,753,872

 

Gross profit for product, installation and service

 

 

154,484

 

 

 

218,549

 

 

 

66,191

 

 

 

48,482

 

 

 

487,706

 

Operating income (loss)

 

 

6,063

 

 

 

105,002

 

 

 

(29,933

)

 

 

(43,782

)

 

 

37,350

 

Income (loss) before income taxes

 

 

3,288

 

 

 

101,564

 

 

 

(33,153

)

 

 

(46,545

)

 

 

25,154

 

Net income (loss)

 

 

2,315

 

 

 

72,325

 

 

 

(23,098

)

 

 

(33,905

)

 

 

17,637

 

Limited Partner interest in net income (loss)

 

 

2,300

 

 

 

71,871

 

 

 

(22,948

)

 

 

(33,681

)

 

 

17,542

 

Net income (loss) per Limited Partner unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (a)

 

$

0.04

 

 

$

1.15

 

 

$

(0.46

)

 

$

(0.69

)

 

$

0.35

 

 

(a)

The sum of the quarters do not add-up to the total due to the weighting of Limited Partner Units outstanding, rounding or the theoretical effects of FASB ASC 260-10-45-60 to Master Limited Partners earnings per unit.