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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2021
Selected Quarterly Financial Data (Unaudited) [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Note 14, Selected Quarterly Financial Data (Unaudited):


The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2021 and 2020 (in thousands, except per share data):


 
2021 Quarter Ended
 
   
March 31
   
June 30
   
September 30
   
December 31
 
Net sales
 
$
236,491
   
$
249,989
   
$
260,378
   
$
265,940
 
Gross profit
   
135,034
     
141,501
     
148,003
     
150,087
 
Income before taxes
   
25,364
     
29,169
     
31,903
     
32,099
 
Net income
   
19,406
     
22,858
     
24,233
     
24,306
 
Basic net earnings per share:
                               
Common
   
1.07
     
1.25
     
1.35
     
1.39
 
Class A Common
   
1.00
     
1.18
     
1.28
     
1.31
 
Diluted net earnings per share:
                               
Common
   
1.04
     
1.21
     
1.31
     
1.35
 
Class A Common
   
0.98
     
1.16
     
1.25
     
1.33
 


 
2020 Quarter Ended
 
   
March 31
   
June 30
   
September 30
   
December 31
 
Net sales
 
$
179,432
   
$
109,968
   
$
217,513
   
$
241,339
 
Gross profit
   
99,553
     
59,646
     
122,177
     
137,619
 
Income before taxes
   
2,300
     
18,625
     
24,532
     
31,274
 
Net income
   
1,819
     
13,640
     
18,261
     
25,428
 
Basic net earnings per share:
                               
Common
   
0.10
     
0.73
     
0.98
     
1.40
 
Class A Common
   
0.09
     
0.69
     
0.94
     
1.33
 
Diluted net earnings per share:
                               
Common
   
0.09
     
0.72
     
0.97
     
1.37
 
Class A Common
   
0.09
     
0.69
     
0.93
     
1.35
 


During the quarter ended December 31, 2020, we recognized the benefit of state income tax credits that reduced income tax expense by $1.2 million.



Because of rounding the amounts will not necessarily add to the totals computed for the year. Also because of rounding and the use of the two-class method in calculating per share data, the quarterly per share data will not necessarily add to the annual totals.