Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

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.