XML 54 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Financial Data (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
Year Ended December 31, 2015(a) (b)
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
Sales
$
85,072

 
$
83,880

 
$
92,071

 
$
84,864

Less: excise tax
3,563

 
3,552

 
6,717

 
4,451

Net sales
81,509

 
80,328

 
85,354

 
80,413

Cost of sales
65,754

 
68,466

 
67,826

 
67,025

    Gross profit
15,755

 
11,862

 
17,528

 
13,388

 
 
 
 
 
 
 
 
Selling, general and administrative
5,681

 
5,497

 
8,025

 
6,480

    Operating income
10,074

 
6,365

 
9,503

 
6,908

 
 
 
 
 
 
 
 
Equity in earnings (Note 3)
92

 
1,562

 
3,096

 
1,352

Interest expense
(160
)
 
(114
)
 
(129
)
 
(131
)
Income from operations before income taxes
10,006

 
7,813

 
12,470

 
8,129

 
 
 
 
 
 
 
 
Income tax expense (Note 5)
3,527

 
1,042

 
4,599

 
3,059

Net income from operations
$
6,479

 
$
6,771

 
$
7,871

 
$
5,070

 
 
 
 
 
 
 
 
Basic and diluted earnings per share data
$
0.38

 
$
0.38

 
$
0.44

 
$
0.28

 
 
 
 
 
 
 
 
Dividends per Common Share
$
—

 
$
—

 
$
—

 
$
0.06


(a) 
Net income was positively impacted during the second quarter of 2015 by $460 as result of an insurance recovery. See discussion on this matter at Note 17.
(b) 
Net income was positively impacted during the third and fourth quarters of 2015 by $1,908 and $477, respectively, as result of a release of the valuation allowance related to deferred tax assets. See discussion on this matter at Note 5.




 
Year Ended December 31, 2014(a) (b) (c)
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
Sales
$
83,901

 
$
83,966

 
$
85,903

 
$
84,582

Less: excise tax
7,576

 
6,451

 
5,336

 
5,586

Net sales
76,325

 
77,515

 
80,567

 
78,996

Cost of sales
70,314

 
70,204

 
72,259

 
72,195

    Gross profit
6,011

 
7,311

 
8,308

 
6,801

 
 
 
 
 
 
 
 
Selling, general and administrative
4,897

 
4,966

 
5,166

 
5,072

Insurance recoveries (Note 17)
(7,067
)
 
(1,293
)
 
70

 
—

Other operating costs and loss on sale of assets, net
—

 
1

 
—

 
—

    Operating income
8,181

 
3,637

 
3,072

 
1,729

 
 
 
 
 
 
 
 
Equity in earnings (Note 3)
2,850

 
1,621

 
2,331

 
3,335

Interest expense
(201
)
 
(199
)
 
(218
)
 
(198
)
Income from operations before income taxes
10,830

 
5,059

 
5,185

 
4,866

 
 
 
 
 
 
 
 
Income tax expense (benefit) (Note 5)
3,267

 
(1,169
)
 
86

 
81

Net income from operations
$
7,563

 
$
6,228

 
$
5,099

 
$
4,785

 
 
 
 
 
 
 
 
Basic and diluted earnings per share data
$
0.42

 
$
0.34

 
$
0.28

 
$
0.26

 
 
 
 
 
 
 
 
Dividends per Common Share
$
—

 
$
—

 
$
—

 
$
0.05


(a) 
Net income was positively/(negatively) impacted during the second, third and fourth quarters of the year ended December 31, 2014 by $(120), $1,940, and $6,778, respectively as result of insurance recoveries. Certain immaterial amounts related to the accounting for insurance recoveries recorded during the second quarter were reclassified during the third quarter. The results above for the second quarter reflect these immaterial reclassifications. See discussion on this matter at Note 1 and Note 17.
(b) 
Net income was positively impacted during the third and fourth quarters of the year ended December 31, 2014 by $1,215, and $104, respectively, as result of a release of the valuation allowance related to deferred tax assets. See discussion on this matter at Note 5.
(c) 
Total basic and diluted earnings per share for the quarters, when aggregated, do not equal the annual amounts of $1.32 due to rounding.