Unaudited Quarterly Financial Results

12 Months Ended

Dec. 31, 2016

22. Unaudited Quarterly Financial Results

The following tables present selected unaudited Consolidated Statements of Operations for each quarter of the years ended December 31, 2016 and 2015.


	Fiscal Year 2016
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(In thousands of US dollars, except share data)
Net sales	$	148,105		$	167,106		$	192,296		$	180,462
Gross profit		34,249			36,749			39,139			46,089
Operating income (loss)		4,267			(7,377	)		618			5,229
Net income (loss)	$	8,125		$	(17,816	)	$	29,866		$	(49,790	)
Earnings (loss) per share:
Basic	$	0.23		$	(0.51	)	$	0.86		$	(1.42	)
Diluted	$	0.23		$	(0.51	)	$	0.85		$	(1.42	)
Weighted average common stock outstanding:
Basic		34,698,904			34,716,081			34,849,805			35,068,330
Diluted		34,918,568			34,716,081			35,302,706			35,068,330

	Fiscal Year 2015
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	(In thousands of US dollars, except share data)
Net sales	$	164,885		$	162,015		$	154,382		$	152,430
Gross profit		34,977			35,286			34,699			29,902
Operating loss		(12,213	)		(15,233	)		(7,858	)		(7,630	)
Net income (loss)	$	(20,029	)	$	(30,626	)	$	(57,066	)	$	22,854
Earnings (loss) per share:
Basic	$	(0.59	)	$	(0.90	)	$	(1.65	)	$	0.66
Diluted	$	(0.59	)	$	(0.90	)	$	(1.65	)	$	0.66
Weighted average common stock outstanding:
Basic		34,056,468			34,092,402			34,664,246			34,698,777
Diluted		34,056,468			34,092,402			34,664,246			34,713,034