Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information (Unaudited) [Abstract]

Quarterly Financial Information

Note 22.

Quarterly Financial Information (Unaudited)

Quarterly financial information for the years ended December 31, 2011 and 2010 is presented below:

	2011
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter (1)		Quarter		Total
	In thousands, except per share amounts
Net sales	$	117,104	$	173,701	$	162,701	$	137,420	$	590,926
Gross profit	$	17,466	$	26,293	$	30,780	$	27,613	$	102,152
Net income	$	679	$	6,373	$	9,740	$	6,103	$	22,895
Basic earnings per common share	$	0.07	$	0.62	$	0.96	$	0.61	$	2.24
Diluted earnings per common share	$	0.07	$	0.61	$	0.95	$	0.60	$	2.22
Dividends paid per common share	$	0.00	$	0.05	$	0.025	$	0.025	$	0.10

1)  Includes a pre-tax gain of $577,000 associated with the early termination of the lease associated with the Company's sale-leaseback transaction.

	2010
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter (2)		Total
	In thousands, except per share amounts
Net sales	$	82,002	$	119,504	$	125,561	$	147,983	$	475,050
Gross profit	$	12,073	$	20,315	$	20,042	$	22,153	$	74,583
Net income	$	1,753	$	5,987	$	6,513	$	6,239	$	20,492
Basic earnings per common share	$	0.17	$	0.59	$	0.64	$	0.61	$	2.01
Diluted earnings per common share	$	0.17	$	0.58	$	0.63	$	0.60	$	1.98

2) Includes a pre-tax gain of $1,364,000 associated with the remeasurement of the remaining Portec available-for-sale investment on the acquisition date.