Interim Financial Data

12 Months Ended

Dec. 31, 2011

Interim Financial Data [Abstract]

Interim Financial Data

14. INTERIM FINANCIAL DATA (Unaudited)

	Three Months Ended
	December 31, 2011 (a)			September 30, 2011			June 30, 2011		March 31, 2011		December 31, 2010 (b)			September 30, 2010			June 30, 2010 (c)		March 31, 2010
	(In thousands, except per share data)
Net sales		51,462			67,916			78,405		69,006		75,272			60,579			115,499		66,340
Gross profit (loss)		(1,052	)		17,272			23,542		23,029		18,552			9,179			29,871		15,214
Net income (loss)		(18,255	)		(496	)		2,106		5,057		(512	)		(8,821	)		4,775		(5,508	)
Basic net income (loss) per share	$	(1.18	)	$	(0.03	)	$	0.14	$	0.33	$	(0.03	)	$	(0.58	)	$	0.31	$	(0.36	)
Diluted net income (loss) per share	$	(1.18	)	$	(0.03	)	$	0.12	$	0.30	$	(0.03	)	$	(0.58	)	$	0.30	$	(0.36	)

The Company's net sales, gross profit and income from operations have historically varied from quarter to quarter. Such variations are principally attributable to seasonal trends in the demand for Trex. The Company has historically experienced lower net sales during the fourth quarter because holidays and adverse weather conditions in certain regions reduce the level of home improvement and new construction activity.

(a) Three months ended December 31, 2011 was materially affected by a pre-tax increase of $10.0 million to the warranty reserve.

(b) Three months ended December 31, 2010 was materially affected by a pre-tax increase of $5.0 million to the warranty reserve.

(c) Three months ended June 30, 2010 was materially affected by a pre-tax increase of $9.0 million to the warranty reserve.