Selected Unaudited Quarterly Financial Results

12 Months Ended

Dec. 31, 2012

Selected Unaudited Quarterly Financial Results

17. SELECTED UNAUDITED QUARTERLY FINANCIAL RESULTS

The following table sets forth certain unaudited quarterly data of the Company for each of the calendar quarters in 2012 and 2011. This information has been prepared on the same basis as the annual financial statements, and all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to present fairly the selected quarterly information when read in conjunction with the annual financial statements and the notes thereto included elsewhere in this document. The quarterly operating results are not necessarily indicative of future results of operations.

	Quarters Ended
	March 31, 2012			June 30, 2012			September 30, 2012			December 31, 2012
Net sales	$	498,763		$	542,569		$	561,294		$	556,247
Cost of sales		432,152			470,998			489,088			484,546
Gross profit		66,611			71,571			72,206			71,701
Selling, general and administrative expenses		56,450			56,903			55,906			57,063
Special charges		1,135			—			—			—
Income from operations		9,026			14,668			16,300			14,638
Interest expense		—			(64	)		(69	)		(33	)
Other, net		46			(29	)		6			18
Income before taxes		9,072			14,575			16,237			14,623
Income tax provision		(3,597	)		(5,749	)		(6,336	)		(5,754	)
Net income	$	5,475		$	8,826		$	9,901		$	8,869
Earnings per common share:
Basic	$	0.21		$	0.33		$	0.37		$	0.34
Diluted	$	0.21		$	0.33		$	0.37		$	0.33
Weighted average common shares outstanding:
Basic		26,439			26,403			26,470			26,413
Diluted		26,586			26,519			26,660			26,598

	Quarters Ended
	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
Net sales	$	461,926		$	512,561		$	575,646		$	553,162
Cost of sales		403,107			445,667			505,210			484,427
Gross profit		58,819			66,894			70,436			68,735
Selling, general and administrative expenses		51,290			54,477			54,554			56,952
Income from operations		7,529			12,417			15,882			11,783
Interest expense		(41	)		(87	)		(93	)		(148	)
Other, net		65			32			32			60
Income before taxes		7,553			12,362			15,821			11,695
Income tax provision		(3,059	)		(4,882	)		(6,435	)		(4,268	)
Net income	$	4,494		$	7,480		$	9,386		$	7,427
Earnings per common share:
Basic	$	0.17		$	0.28		$	0.35		$	0.28
Diluted	$	0.17		$	0.28		$	0.35		$	0.28
Weighted average common shares outstanding:
Basic		26,901			26,852			26,615			26,451
Diluted		26,986			26,923			26,692			26,599