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SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Summarized quarterly financial information for 2017 and 2016 is as follows (in thousands, except per share data):
 
Quarter
 
First
 
Second
 
Third
 
Fourth
2017
 

 
 

 
 

 
 

Sales
$
64,557

 
$
78,197

 
$
84,991

 
$
90,175

Gross profit
21,387

 
26,629

 
28,615

 
30,937

Net (loss) income
(2,048
)
 
2,522

 
2,199

 
3,173

 
 
 
 
 
 
 
 
Per share data:
 

 
 

 
 

 
 

Basic (loss) earnings per share (1)
$
(0.16
)
 
$
0.20

 
$
0.17

 
$
0.25

Diluted (loss) earnings per share (1)
$
(0.16
)
 
$
0.20

 
$
0.17

 
$
0.24

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
12,880

 
12,894

 
12,907

 
12,918

Diluted weighted average shares outstanding
12,880

 
12,938

 
12,983

 
13,054


 
Quarter
 
First
 
Second
 
Third
 
Fourth
2016
 

 
 

 
 

 
 

Sales
$
67,822

 
$
70,186

 
$
67,211

 
$
86,794

Gross profit
22,744

 
23,553

 
23,151

 
28,079

Net (loss) income
(1,245
)
 
145

 
(1,383
)
 
3,707

 
 
 
 
 
 
 
 
Per share data:
 

 
 

 
 

 
 

Basic (loss) earnings per share (1)
$
(0.10
)
 
$
0.01

 
$
(0.11
)
 
$
0.29

Diluted (loss) earnings per share (1)
$
(0.10
)
 
$
0.01

 
$
(0.11
)
 
$
0.29

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
12,797

 
12,812

 
12,835

 
12,854

Diluted weighted average shares outstanding
12,797

 
12,898

 
12,835

 
12,922

____________________
(1) 
Due to the changes in outstanding shares from quarter to quarter, the total earnings per share of the four quarters may not necessarily equal the earnings per share for the year.