QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2022

Summary of selected quarterly financial data for years ended December 31, 2022 and 2021:


	Year Ended December 31, 2022
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Sales	$	190,995	$	201,146	$	194,982	$	195,235
Cost of sales	127,782		142,098		135,758		123,414
Gross profit	63,213		59,048		59,224		71,821
Advertising and promotion expenses	10,866		7,279		6,065		5,504
SG&A expenses	22,632		17,905		17,853		16,237

Operating income	29,715		33,864		35,306		50,080
Interest expense, net	(960)		(1,350)		(1,543)		(1,598)
Other income (loss), net	(981)		(1,353)		(1,062)		54
Income before income taxes	27,774		31,161		32,701		48,536
Income tax expense	5,263		7,533		7,339		11,165
Net income	$	22,511	$	23,628	$	25,362	$	37,371

Basic EPS data(a)	$	1.02	$	1.07	$	1.15	$	1.69

Diluted EPS data(a)	$	1.01	$	1.06	$	1.15	$	1.69


	Year Ended December 31, 2021
	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Sales	$	166,847	$	176,611	$	174,939	$	108,323
Cost of sales	114,094		119,525		118,112		76,024
Gross profit	52,753		57,086		56,827		32,299
Advertising and promotion expenses	6,210		5,664		3,371		853
SG&A expenses	17,552		18,538		25,793		10,946
Insurance recoveries	(16,325)		—		—		—
Operating income	45,316		32,884		27,663		20,500
Interest expense, net	(1,329)		(1,116)		(1,104)		(488)
Other income (loss), net	(751)		(421)		(88)		30
Income before income taxes	43,236		31,347		26,471		20,042
Income tax expense	11,578		7,674		6,412		4,615
Net income	$	31,658	$	23,673	$	20,059	$	15,427

Basic and diluted EPS data(a)	$	1.44	$	1.08	$	0.91	$	0.90

(a)Quarterly EPS amounts may not add to amounts for the year because quarterly and annual EPS calculations are performed separately.