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Unaudited Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Data
The unaudited summarized financial data by quarter for the years ended December 31, 2017 and 2016 is presented in the table below:
 
Quarter 1
 
Quarter 2
 
Quarter 3
 
Quarter 4
2017:
 
 
 
 
 
 
 
Net sales
$
301,951

 
$
294,831

 
$
340,845

 
$
336,963

Gross profit
138,675

 
137,737

 
160,817

 
151,859

Selling, general, and administrative expenses
66,311

 
69,423

 
75,188

 
75,049

Operating income
72,364

 
68,314

 
85,629

 
76,810

Net income
44,090

 
42,682

 
53,137

 
53,620

Basic net income per common share
$
0.22

 
$
0.22

 
$
0.27

 
$
0.27

Diluted net income per common share
$
0.22

 
$
0.21

 
$
0.27

 
$
0.27

Basic weighted average shares
196,621,906

 
196,994,210

 
196,121,691

 
195,302,613

Diluted weighted average shares
199,524,913

 
199,618,809

 
198,659,459

 
197,889,189

 
 
 
 
 
 
 
 
2016:
 
 
 
 
 
 
 
Net sales
$
279,836

 
$
286,850

 
$
287,996

 
$
295,096

Gross profit
123,232

 
127,303

 
133,209

 
131,939

Selling, general, and administrative expenses
59,756

 
65,600

 
65,493

 
71,912

Operating income
63,476

 
61,703

 
35,716

 
60,027

Net income
37,333

 
36,624

 
21,482

 
34,802

Basic net income per common share
$
0.19

 
$
0.19

 
$
0.11

 
$
0.18

Diluted net income per common share
$
0.19

 
$
0.18

 
$
0.11

 
$
0.17

Basic weighted average shares
196,217,311

 
196,270,119

 
196,445,684

 
196,516,632

Diluted weighted average shares
198,160,465

 
198,441,315

 
199,452,308

 
199,446,875