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QUARTERLY FINANCIAL INFORMATION (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
QUARTERLY FINANCIAL INFORMATION (Unaudited) [Abstract]  
Summarized Quarterly Financial Information
Summarized quarterly financial information for the years ended December 31, 2015, 2014 and 2013 is as follows (in millions, except per share data):

   
First
Quarter(1)
  
Second
Quarter(1)
  
Third
Quarter(1)
  
Fourth
Quarter
 
2015
            
Sales
 
$
341.6
  
$
323.7
  
$
303.1
  
$
278.6
 
Gross profit
  
98.1
   
91.3
   
85.7
   
76.9
 
Impairment expense
  
-
   
-
   
58.9
   
9.8
 
Net income (loss)
  
9.7
   
7.2
   
(52.7
)
  
(3.2
)
Net income (loss) attributable to DXP Enterprises, Inc.
  
9.7
   
7.2
   
(52.4
)
  
(3.0
)
Earnings (loss) per share - basic
 
$
0.67
  
$
0.50
  
$
(3.64
)
 
$
(0.20
)
Earnings (loss) per share - diluted
 
$
0.63
  
$
0.47
  
$
(3.64
)
 
$
(0.20
)
                 
2014
                
Sales
 
$
348.5
  
$
381.6
  
$
387.0
  
$
382.6
 
Gross profit
  
101.7
   
111.0
   
113.4
   
106.7
 
Impairment expense
  
-
   
-
   
-
   
117.6
 
Net income (loss)
  
10.9
   
14.9
   
17.0
   
(88.1
)
Earnings (loss) per share - basic
 
$
0.74
  
$
1.01
  
$
1.16
  
$
(6.09
)
Earnings (loss) per share - diluted
 
$
0.70
  
$
0.96
  
$
1.10
  
$
(6.09
)
                 
2013
                
Sales
 
$
290.1
  
$
307.9
  
$
329.7
  
$
313.8
 
Gross profit
  
89.1
   
91.5
   
97.1
   
94.6
 
Net income
  
13.2
   
13.7
   
16.4
   
16.9
 
Earnings per share - basic
 
$
0.92
  
$
0.95
  
$
1.13
  
$
1.17
 
Earnings per share - diluted
 
$
0.87
  
$
0.90
  
$
1.07
  
$
1.10
 

The sum of the individual quarterly earnings per share amounts may not agree with year-to-date earnings per share as each quarter’s computation is based on the weighted average number of shares outstanding during the quarter, the weighted average stock price during the quarter and the dilutive effects of the stock options and restricted stock in each quarter.

(1) During the fourth quarter of 2014, DXP finalized its purchase accounting for customer relationships for the acquisition of B27 and amortized the customer relationships on an accelerated basis. The revision increased amortization expense by $1.0 million per quarter. The first three quarters of 2014 were revised as follows:

  
Previously
Reported
First
Quarter
  
Adjusted
First
Quarter
  
Previously
Reported
Second
Quarter
  
Adjusted
Second
Quarter
  
Previously
Reported
Third
Quarter
  
Adjusted
Third
Quarter
 
                   
Sales
 
$
348.5
  
$
348.5
  
$
381.6
  
$
381.6
  
$
387.0
  
$
387.0
 
Gross profit
  
101.7
   
101.7
   
111.0
   
111.0
   
113.4
   
113.4
 
Net income (loss)
  
11.6
   
10.9
   
15.5
   
14.9
   
17.6
   
17.0
 
Earnings (loss) per share
                        
Basic
 
$
0.79
  
$
0.74
  
$
1.06
  
$
1.01
  
$
1.20
  
$
1.16
 
Diluted
 
$
0.75
  
$
0.70
  
$
1.00
  
$
0.96
  
$
1.14
  
$
1.10