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Quarterly Financial Information (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information (Unaudited) [Abstract]  
Quarterly Financial Information [Table Text Block]

Quarterly financial information for the years ended December 31, 2016 and 2015 is presented below:





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

2016



 

First

 

Second

 

Third

 

Fourth



 

Quarter

 

Quarter (1)

 

Quarter (2)

 

Quarter (3)



 

 



 

 

 

 

 

 

 

 

Net sales

$

 126,310 

$

 135,994 

$

 114,644 

$

 106,566 

Gross profit

$

 23,960 

$

 27,813 

$

 19,803 

$

 18,779 

Net loss

$

 (2,832)

$

 (91,996)

$

 (5,982)

$

 (40,851)

Basic loss per common share

$

 (0.28)

$

 (8.96)

$

 (0.58)

$

 (3.97)

Diluted loss per common share

$

 (0.28)

$

 (8.96)

$

 (0.58)

$

 (3.97)

Dividends paid per common share

$

 0.04 

$

 0.04 

$

 0.04 

$

 -



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



(1) - Second quarter 2016 includes $128,938 impairment of assets related to the Chemtec, Protective Coatings, IOS and Rail Technologies product groups.

(2) – Third quarter 2016 includes $6,946 related to the finalization of the impairment analysis of the Chemtec and Rail Technologies product groups.

(3) – Fourth quarter 2016 includes deferred U.S. income taxes and foreign withholding taxes of $7,932 on unremitted foreign earnings and a valuation allowance of $29,719 against deferred tax assets.







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

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