Quarterly Data (Unaudited) |
Quarterly Data (Unaudited) The following tables summarize selected quarterly financial data for the years ended December 31, 2017 and 2016: | | | | | | | | | | | | | | | | | | | | | | | | 2017 | (Thousands except per share amounts) | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Total | Net sales | | $ | 240,669 |
| | $ | 295,842 |
| | $ | 294,268 |
| | $ | 308,668 |
| | $ | 1,139,447 |
| Gross margin | | 42,996 |
| | 54,557 |
| | 55,203 |
| | 58,738 |
| | 211,494 |
| Percent of net sales | | 17.9 | % | | 18.4 | % | | 18.8 | % | | 19.0 | % | | 18.6 | % | Net income (loss) | | $ | 3,050 |
| | $ | 7,313 |
| | $ | 9,320 |
| | $ | (8,232 | ) | | $ | 11,451 |
| Net income (loss) per share of common stock: | | | | | | | | | | | Basic(1) | | $ | 0.15 |
| | $ | 0.37 |
| | $ | 0.47 |
| | $ | (0.41 | ) | | $ | 0.57 |
| Diluted(1)(2) | | 0.15 |
| | 0.36 |
| | 0.46 |
| | (0.41 | ) | | 0.56 |
| Cash dividends per share of common stock | | 0.095 |
| | 0.100 |
| | 0.100 |
| | 0.100 |
| | 0.395 |
| Stock price range: | | | | | | | | | | | High | | $ | 41.10 |
| | $ | 38.85 |
| | $ | 43.43 |
| | $ | 52.10 |
| | | Low | | 31.05 |
| | 33.00 |
| | 36.60 |
| | 42.10 |
| | | | | | | | | | | | | | | | 2016 | | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | Total | Net sales | | $ | 235,511 |
| | $ | 249,776 |
| | $ | 249,619 |
| | $ | 234,330 |
| | $ | 969,236 |
| Gross margin | | 43,357 |
| | 45,306 |
| | 50,755 |
| | 44,045 |
| | 183,463 |
| Percent of net sales | | 18.4 | % | | 18.1 | % | | 20.3 | % | | 18.8 | % | | 18.9 | % | Net income | | $ | 5,368 |
| | $ | 5,549 |
| | $ | 8,045 |
| | $ | 6,778 |
| | $ | 25,740 |
| Net income per share of common stock: | | | | | | | | | | | Basic | | $ | 0.27 |
| | $ | 0.28 |
| | $ | 0.40 |
| | $ | 0.34 |
| | $ | 1.29 |
| Diluted | | 0.27 |
| | 0.27 |
| | 0.40 |
| | 0.33 |
| | 1.27 |
| Cash dividends per share of common stock | | 0.090 |
| | 0.095 |
| | 0.095 |
| | 0.095 |
| | 0.375 |
| Stock price range: | | | | | | | | | | | High | | $ | 28.26 |
| | $ | 31.83 |
| | $ | 32.28 |
| | $ | 41.23 |
| | | Low | | 20.62 |
| | 22.36 |
| | 24.18 |
| | 28.50 |
| | |
(1) Net income (loss) per basic and diluted share for the fourth quarter 2017 includes the impact of $17.1 million in income tax expense as a result of the TCJA signed into law on December 22, 2017. For additional information refer to Refer to Note G of the Consolidated Financial Statements. (2) Since the Company reported a net loss for the fourth quarter of 2017, the effects of potential common shares were excluded from diluted earnings per share, as their inclusion would have been anti-dilutive. The Company follows a 13-week quarterly accounting cycle pursuant to which the first three fiscal quarters end on a Friday and the fiscal year always ends on December 31.
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