Interim Financial Information

12 Months Ended

Dec. 31, 2012

Interim Financial Information [Abstract]

N. INTERIM FINANCIAL INFORMATION (UNAUDITED):

The following represents quarterly unaudited financial information for 2012 and 2011:



	(In thousands, except per share data)
Quarter	Net Sales		Gross Profit		Net Earnings		Earnings per Share (Basic)		Earnings per Share (Diluted)
2012
First	$	96,773	$	20,352	$	9,344	$	1.36	$	1.36
Second		117,114		19,594		8,703		1.26		1.26
Third		116,813		22,907		9,401		1.36		1.36
Fourth		141,790		32,010		11,427		1.66		1.66
Total	$	472,490	$	94,863	$	38,875	$	5.64	$	5.64

2011
First	$	108,886	$	21,954	$	11,363	$	1.65	$	1.65
Second		98,268		20,665		10,817		1.57		1.57
Third		104,861		23,657		12,386		1.80		1.80
Fourth		119,006		27,483		13,402		1.96		1.96
Total	$	431,021	$	93,759	$	47,968	$	6.98	$	6.98

As shown above, fourth quarter sales are significantly impacted by the holiday driven seasonality of the Housewares/Small Appliance segment. This segment purchases inventory during the first three quarters to meet the sales demand of the fourth quarter. The other segments are typically non-seasonal. During the fourth quarter of 2012, the Company's provision for doubtful accounts, impairment charges, and intangible asset amortization expenses were significantly higher than historical quarterly results, and further discussion is included in Note A

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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