SELECTED QUARTERLY FINANCIAL AND SUPPLEMENTARY DATA - UNAUDITED

12 Months Ended

Dec. 31, 2014

SELECTED QUARTERLY FINANCIAL AND SUPPLEMENTARY DATA - UNAUDITED [Abstract]

Selected Quarterly Financial and Supplementary Data

SELECTED QUARTERLY FINANCIAL AND SUPPLEMENTARY DATA - UNAUDITED

(in thousands, except share and per share data)

	1st Quarter (1)			2nd Quarter (2)			3rd Quarter (3)			4th Quarter (4)
2014
Gross sales	$	66,192		$	97,972		$	81,145		$	128,841
Net revenues		66,105			97,893			81,300			129,315
Gross profit		16,578			33,415			28,406			45,399
Income from continuing operations		1,166			19,827			8,882			28,258
Loss from discontinued operations (6)		(184	)		(160	)		(113	)		(373	)
Net income		982			19,667			8,769			27,885
Earnings per share of common stock: (7)
Basic		0.03			0.64			0.28			0.90
Diluted		0.03			0.63			0.28			0.88
Average shares:
Basic		30,546			30,647			30,801			31,053
Diluted		31,408			31,428			31,599			31,803
	1st Quarter (5)			2nd Quarter			3rd Quarter			4th Quarter
2013
Gross sales	$	74,581		$	61,628		$	77,992		$	103,011
Net revenues		74,885			62,803			77,452			103,036
Gross profit		24,749			19,251			24,966			33,938
Income from continuing operations		11,425			3,136			6,274			9,440
Loss from discontinued operations (6)		(257	)		(862	)		(2,700	)		(541	)
Net income		11,168			2,274			3,574			8,899
Earnings per share of common stock: (7)
Basic		0.37			0.07			0.12			0.29
Diluted		0.36			0.07			0.12			0.29
Average shares:
Basic		29,970			30,089			30,184			30,353
Diluted		30,788			30,956			31,052			31,166

(1) Income from continuing operations includes the reversal of a valuation allowance on deferred tax assets of $198.

(2) Income from continuing operations includes the reversal of a valuation allowance on deferred tax assets of $14,161 and a loss of $4,122 related to the purchase of the remaining shares in Zenara.

(3) Income from continuing operations includes the reversal of a valuation allowance on deferred tax assets of $824.

(4) Income from continuing operations includes a gain on sale of land of $1,234 and a corresponding tax expense of $387, a benefit of $11,719 for the reversal of a valuation allowance on deferred tax assets, a benefit of $3,948 for favorable audit settlements, and expense of $7,170 related to a voluntary lump sum pension settlement.

(5) Income from continuing operations includes a gain on sale of an office building of $4,680 and a corresponding tax expense of $1,470 and a benefit of $1,155 due to changes in tax laws.

(6) Discontinued operations include charges for environmental remediation related to sites of divested businesses.

(7) Earnings per share calculations for each of the quarters are based on the weighted average number of shares outstanding for each period.  As such, the sum of the quarters may not necessarily equal the earnings per share amount for the year.