Summary of Quarterly Financial Information |
The following table sets forth certain unaudited quarterly financial data for each of our last eight quarters. The information has been derived from unaudited financial statements that we believe reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of such quarterly financial information.
|
|
December 31,
2013 |
|
|
March 31,
2014 |
|
|
June 30,
2014 |
|
|
September 30,
2014 |
|
|
December 31,
2014 |
|
|
March 31,
2015 |
|
|
June 30,
2015 |
|
|
September 30,
2015 |
|
|
|
(Amounts in thousands except share and per share data) |
|
Revenue |
|
$ |
109,592 |
|
|
$ |
136,615 |
|
|
$ |
214,401 |
|
|
$ |
164,084 |
|
|
$ |
158,126 |
|
|
$ |
172,143 |
|
|
$ |
231,849 |
|
|
$ |
189,252 |
|
Cost of sales |
|
|
79,682 |
|
|
|
101,829 |
|
|
|
160,195 |
|
|
|
121,168 |
|
|
|
120,671 |
|
|
|
129,943 |
|
|
|
174,809 |
|
|
|
141,180 |
|
Gross profit |
|
|
29,910 |
|
|
|
34,786 |
|
|
|
54,206 |
|
|
|
42,916 |
|
|
|
37,455 |
|
|
|
42,200 |
|
|
|
57,040 |
|
|
|
48,072 |
|
Selling, general,
and administrative
expenses |
|
|
32,282 |
|
|
|
35,687 |
|
|
|
41,652 |
|
|
|
36,823 |
|
|
|
36,095 |
|
|
|
40,557 |
|
|
|
41,049 |
|
|
|
41,734 |
|
(Loss) income from
operations |
|
|
(2,372 |
) |
|
|
(901 |
) |
|
|
12,554 |
|
|
|
6,093 |
|
|
|
1,360 |
|
|
|
1,643 |
|
|
|
15,991 |
|
|
|
6,338 |
|
Interest expense |
|
|
997 |
|
|
|
1,078 |
|
|
|
1,051 |
|
|
|
885 |
|
|
|
1,146 |
|
|
|
1,253 |
|
|
|
1,141 |
|
|
|
914 |
|
(Loss) income before
income tax benefit
(provision) |
|
|
(3,369 |
) |
|
|
(1,979 |
) |
|
|
11,503 |
|
|
|
5,208 |
|
|
|
214 |
|
|
|
390 |
|
|
|
14,850 |
|
|
|
5,424 |
|
Income tax benefit
(provision) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(91 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,414 |
|
Net (loss) income |
|
$ |
(3,369 |
) |
|
$ |
(1,979 |
) |
|
$ |
11,503 |
|
|
$ |
5,117 |
|
|
$ |
214 |
|
|
$ |
390 |
|
|
$ |
14,850 |
|
|
$ |
32,838 |
|
Net (loss) income
per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted |
|
$ |
(0.14 |
) |
|
$ |
(0.08 |
) |
|
$ |
0.47 |
|
|
$ |
0.21 |
|
|
$ |
0.01 |
|
|
$ |
0.02 |
|
|
$ |
0.59 |
|
|
$ |
1.32 |
|
Weighted average
number of shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted |
|
|
23,715,945 |
|
|
|
23,845,302 |
|
|
|
24,719,369 |
|
|
|
24,813,777 |
|
|
|
24,947,968 |
|
|
|
25,265,857 |
|
|
|
25,316,092 |
|
|
|
24,883,360 |
|
|