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Selected Quarterly Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Select Quarterly Data (Unaudited)
During the fourth quarter of 2015, the Company changed its method of accounting for U.S metals inventories, which were previously accounted for under LIFO method, to the average cost method. The change was applied retrospectively to the prior year and prior quarter financial information presented. See Note 1 - Basis of Presentation and Significant Accounting Policies in the consolidated financial statements for discussion of this accounting change and its related impact.
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2015
 
 
 
 
 
 
 
Net sales
$
222,228

 
$
199,703

 
$
184,676

 
$
164,151

Gross profit (a)
20,497

 
(12,996
)
 
10,020

 
(60,966
)
Net loss (b)
(15,440
)
 
(46,808
)
 
(27,800
)
 
(119,717
)
Basic loss per share
$
(0.66
)
 
$
(1.99
)
 
$
(1.18
)
 
$
(5.08
)
Diluted loss per share
$
(0.66
)
 
$
(1.99
)
 
$
(1.18
)
 
$
(5.08
)
2014
 
 
 
 
 
 
 
Net sales
$
253,410

 
$
249,492

 
$
245,469

 
$
231,466

Gross profit (a)
21,791

 
14,822

 
20,613

 
5,600

Net loss (b)
(14,610
)
 
(67,066
)
 
(8,028
)
 
(29,684
)
Basic loss per share
$
(0.63
)
 
$
(2.87
)
 
$
(0.34
)
 
$
(1.27
)
Diluted loss per share
$
(0.63
)
 
$
(2.87
)
 
$
(0.34
)
 
$
(1.27
)
(a) Gross profit equals net sales less cost of materials, warehouse, processing, and delivery costs and depreciation and amortization expense.
(b) Results include restructuring expense (income) for all quarters presented (see Note 10 - Restructuring Activity), a $33,742 impairment of intangible assets charge and a $61,472 charge for the write-down of inventory and purchase commitments in the fourth quarter of 2015, and a $56,160 goodwill impairment charge for second quarter of 2014.