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Summarized Quarterly Results of Operations (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Quarter Ended 2015

 

March-31

 

 

June-30

 

 

September-30

 

 

December-31

 

 

Total

 

Net Sales

 

$

156,348

 

 

$

164,335

 

 

$

141,661

 

 

$

139,194

 

 

$

601,538

 

Gross Profit

 

 

45,757

 

 

 

50,581

 

 

 

41,686

 

 

 

40,254

 

 

 

178,278

 

Income (loss) from continuing operations(1)

 

 

2,622

 

 

 

10,925

 

 

 

631

 

 

 

(125

)

 

 

14,053

 

Income (loss) from discontinued operations, net(2)

 

 

2,617

 

 

 

494

 

 

 

(298

)

 

 

896

 

 

 

3,709

 

Net income(1)(2)

 

 

5,239

 

 

 

11,419

 

 

 

333

 

 

 

771

 

 

 

17,762

 

Income (loss) per common share from continuing

   operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.08

 

 

$

0.35

 

 

$

0.02

 

 

$

—

 

 

$

0.46

 

Diluted*

 

$

0.08

 

 

$

0.35

 

 

$

0.02

 

 

$

—

 

 

$

0.45

 

Income (loss) per common share from discontinued

   operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.08

 

 

$

0.02

 

 

$

(0.01

)

 

$

0.03

 

 

$

0.12

 

Diluted*

 

$

0.08

 

 

$

0.02

 

 

$

(0.01

)

 

$

0.03

 

 

$

0.12

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.16

 

 

$

0.37

 

 

$

0.01

 

 

$

0.03

 

 

$

0.58

 

Diluted*

 

$

0.16

 

 

$

0.37

 

 

$

0.01

 

 

$

0.03

 

 

$

0.57

 

 

Quarter Ended 2014

 

March-31

 

 

June-30

 

 

September-30

 

 

December-31

 

 

Total

 

Net Sales

 

$

150,485

 

 

$

152,784

 

 

$

162,109

 

 

$

158,271

 

 

$

623,649

 

Gross Profit

 

 

42,071

 

 

 

42,532

 

 

 

39,961

 

 

 

36,715

 

 

 

161,279

 

Income (loss) from continuing operations(3)

 

 

4,763

 

 

 

6,327

 

 

 

(3,618

)

 

 

1,489

 

 

 

8,961

 

Income (loss) from discontinued operations, net(4)

 

 

(4,083

)

 

 

(578

)

 

 

875

 

 

 

(13,856

)

 

 

(17,642

)

Net income (loss)(3)(4)

 

 

680

 

 

 

5,749

 

 

 

(2,743

)

 

 

(12,367

)

 

 

(8,681

)

Income (loss) per common share from continuing

   operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.14

 

 

$

0.20

 

 

$

(0.11

)

 

$

0.05

 

 

$

0.28

 

Diluted*

 

$

0.14

 

 

$

0.19

 

 

$

(0.11

)

 

$

0.05

 

 

$

0.27

 

Income (loss) per common share from discontinued

   operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

(0.12

)

 

$

(0.02

)

 

$

0.02

 

 

$

(0.44

)

 

$

(0.55

)

Diluted*

 

$

(0.12

)

 

$

(0.02

)

 

$

0.02

 

 

$

(0.44

)

 

$

(0.54

)

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

0.02

 

 

$

0.18

 

 

$

(0.09

)

 

$

(0.39

)

 

$

(0.27

)

Diluted*

 

$

0.02

 

 

$

0.17

 

 

$

(0.09

)

 

$

(0.39

)

 

$

(0.27

)

 

(1)

During the quarter ended September 30, 2015, the Company recorded an out of period adjustment of $1.1 million ($0.7 million after tax) related to stock compensation expense. In addition, the Company reserved an additional $1.3 million in Other Liabilities related to the EPA claim related to the New Idria Mercury Mine during the quarter ended September 30, 2015.

(2)

A gain on the sale of the Lawn and Garden business of $3.8 million was recognized during the first quarter of 2015 and an additional gain of $0.9 million was recognized in the fourth quarter of 2015. These gains are included in income from discontinued operations in the accompanying Consolidated Statements of Operations.

(3)

During the quarter ended December 31, 2014, the Company recorded out of period, after-tax charges totaling approximately $3.2 million, of which approximately $1.8 million related to periods prior to 2014 primarily as a result of adjustments identified related to inventory and fixed assets at its Brazilian operations within the Material Handling Segment. The Company concluded such adjustments were not material to its consolidated financial statements for any previously reported interim period within 2014 or for any annual period impacted by such adjustments prior to 2014.

(4)

During the quarter ended December 31, 2014, the Company recorded an $18.9 million impairment charge attributable to assets held-for-sale at year end.  Refer to Note 4 to the Consolidated Financial Statements.

*

The sum of the earnings per share for the four quarters in a year does not necessarily equal the total year earnings per share due to the computation of weighted shares outstanding during the period.