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Unaudited Selected Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Selected Quarterly Financial Data
The following tables show selected unaudited quarterly results of operations for 2017 and 2016. The quarterly data have been prepared on the same basis as the audited annual financial statements and include all adjustments, which include only normal recurring adjustments, necessary for the fair statement of our results of operations for these periods.
 
2017
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
Year Ended December 31,
Net Sales
$
376,704

 
$
361,441

 
$
366,660

 
$
370,389

 
$
1,475,194

Gross Profit
62,587

 
61,922

 
57,031

 
44,640

 
226,180

Net Income (Loss)
27,293

 
25,766

 
21,274

 
72,366

 
146,699

Earnings (loss) per share – basic(a)
0.90

 
0.85

 
0.70

 
2.37

 
4.81

Earnings (loss) per share – diluted(a)
0.88

 
0.83

 
0.68

 
2.31

 
4.72

 
 
2016
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
Year Ended December 31,
Net Sales
$
299,830

 
$
308,418

 
$
323,953

 
$
259,323

 
$
1,191,524

Gross Profit
54,271

 
34,598

 
38,862

 
(20,101
)
 
107,630

Net Income (Loss)
27,393

 
15,008

 
16,460

 
(24,714
)
 
34,147

Earnings (loss) per share – basic(a)
0.90

 
0.49

 
0.54

 
(0.81
)
 
1.12

Earnings (loss) per share – diluted(a)
0.90

 
0.49

 
0.54

 
(0.81
)
 
1.12

 
(a)
On October 1, 2016, the date of consummation of the Spin-Off, 30,482,966 shares of the Company’s common stock were distributed to Honeywell stockholders of record as of September 16, 2016. Basic and Diluted EPS for all periods prior to the Spin-Off reflect the number of distributed shares, or 30,482,966 shares.