Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information (Unaudited) [Abstract]

Quarterly Financial Information (Unaudited)

Note 21.

Quarterly Financial Information (Unaudited)

As more fully described in Note 3, “Acquisitions,” the Company acquired Tew, Tew Plus, and IOS during 2015 and Carr, FWO, and Chemtec during 2014. The results of the subsidiary’s operations are included from the acquisition dates. 

Quarterly financial information for the years ended December 31, 2015 and 2014 is presented below:

		2015
		First		Second		Third		Fourth
		Quarter		Quarter		Quarter (1)		Quarter (2)
Net sales	$	137,907	$	171,419	$	176,059	$	139,138
Gross profit	$	30,653	$	37,089	$	36,038	$	29,872
Net income (loss)	$	4,285	$	5,362	$	(57,422)	$	3,328
Basic earnings (loss) per common share	$	0.42	$	0.52	$	(5.60)	$	0.33
Diluted earnings (loss) per common share	$	0.41	$	0.52	$	(5.60)	$	0.32
Dividends paid per common share	$	0.04	$	0.04	$	0.04	$	0.04

Differences between the sum of quarterly results and Consolidated Statement of Operations due to rounding.

(1) - Third quarter 2015 includes $80,337  ($63,887 net of tax) impairment of goodwill related to the IOS and Chemtec reporting units.

(2) - Fourth quarter 2015 includes $2,279 pre-tax gain on sale of Tucson, AZ concrete tie facility.

		2014
		First		Second		Third		Fourth
		Quarter		Quarter (1)		Quarter		Quarter (2)
Net sales	$	111,414	$	166,832	$	167,797	$	161,149
Gross profit	$	24,127	$	30,700	$	35,159	$	31,605
Net income	$	3,649	$	6,862	$	9,116	$	6,029
Basic earnings per common share	$	0.36	$	0.67	$	0.89	$	0.59
Diluted earnings per common share	$	0.35	$	0.67	$	0.88	$	0.58
Dividends paid per common share	$	0.03	$	0.03	$	0.03	$	0.04

(1) - Second quarter 2014 includes a $4,000 warranty charge related to UPRR warranty claim.

(2) - Fourth quarter 2014 includes a $4,766 warranty charge related to UPRR warranty claim.