XML 59 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)
The unaudited quarterly results of operations for the years ended December 31, 2017 and 2016 are as follows:
 
 
2017 Quarters
 
2016 Quarters
 
First
 
Second
 
Third
 
Fourth 
 
First
 
Second
 
Third
 
Fourth
 
(In thousands, except per share amounts)
Net sales
$
553,552

 
$
573,366

 
$
574,490

 
$
585,904

 
$
502,572

 
$
549,696

 
$
530,356

 
$
530,419

Gross profit
250,941

 
256,925

 
257,930

 
260,882

 
223,335

 
244,058

 
230,889

 
232,485

Operating income
115,671

 
125,133

 
126,504

 
135,248

 
103,345

 
113,823

 
109,708

 
85,521

Net income
75,899

 
83,844

 
83,768

 
93,746

 
68,130

 
75,759

 
69,873

 
57,347

Basic EPS
$
0.99

 
$
1.10

 
$
1.09

 
$
1.23

 
$
0.90

 
$
1.00

 
$
0.92

 
$
0.75

Diluted EPS
$
0.99

 
$
1.08

 
$
1.08

 
$
1.21

 
$
0.89

 
$
0.99

 
$
0.91

 
$
0.75

Basic weighted average shares outstanding
76,115

 
76,220

 
76,309

 
76,283

 
75,749

 
75,690

 
75,819

 
75,955

Diluted weighted average shares outstanding
76,894

 
77,320

 
77,523

 
77,597

 
76,699

 
76,674

 
76,880

 
76,806

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Quarterly data includes acquisition of Akron Brass (March 2016), AWG Fittings (July 2016), SFC Koenig (September 2016) and thinXXS (December 2017) from the date of acquisition. Quarterly data also includes the gain/(loss) on the sale of Hydra-Stop (July 2016), CVI Japan (September 2016), IETG (October 2016), CVI Korea (December 2016) and Faure Herman (October 2017) and also the results of each divested business through the date of disposition.