XML 47 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Results for 2017 and 2016 (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results for 2017 and 2016 (Unaudited)
Quarterly Results for 2017 and 2016 (Unaudited)
 
Quarter Ended
 
Total Year
 
March 25
 
June 24
 
September 23
 
December 31
 
2017
 
 
 
 
 
 
 
 
 
Net Sales
$
201,415

 
$
201,226

 
$
209,717

 
$
348,975

 
$
961,333

Gross Margin
36,417

 
33,345

 
31,168

 
38,315

 
139,245

Operating Income
25,965

 
13,354

 
17,657

 
40

 
57,016

Net Income
9,642

 
4,573

 
15,672

 
295,077

 
324,964

Basic earnings per share
0.15

 
0.03

 
0.29

 
6.31

 
7.17

Diluted earnings per share (a)
0.15

 
0.03

 
0.28

 
5.01

 
5.81

 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
 
 
 
March 26
 
June 25
 
September 24
 
December 31
 
Total Year
2016
 
 
 
 
 
 
 
 
 
Net Sales
$
217,729

 
$
213,589

 
$
206,540

 
$
230,873

 
$
868,731

Gross Margin
40,238

 
48,803

 
50,543

 
41,689

 
181,273

Operating Income
31,920

 
38,569

 
41,437

 
25,721

 
137,647

Net Income (Loss)
20,893

 
19,340

 
21,567

 
11,486

 
73,286

Basic earnings per share
0.50

 
0.46

 
0.46

 
0.19

 
1.61

Diluted earnings per share (b)
0.49

 
0.46

 
0.44

 
0.18

 
1.55

(a)
Basic and diluted earnings per share for the fourth quarter of 2017 and year ended December 31, 2017 included the impact of the Common shares issued in November 2017 as part of the Acquisition. Basic and diluted earnings per share also included the impact of dividends on the Company’s Preferred Stock for the quarter ended September 23, 2017 and the quarter and year ended December 31, 2017. As a result, quarterly EPS does not crossfoot to full-year EPS. See Note 12Stockholders' Equity (Deficit) for additional information.
(b)
Basic and diluted earnings per share included the impact of dividends on the Company’s Preferred Stock for the quarter ended September 26, 2016 and the quarter and year ended December 31, 2016. As a result of the impact of the Preferred Stock in the third and fourth quarters of 2016, quarterly diluted EPS does not crossfoot to full-year diluted EPS. See Note 12Stockholders' Equity (Deficit) for additional information.