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Summary Quarterly Financial Data
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summary Quarterly Financial Data
Summary Quarterly Financial Data
On June 30, 2015, the Company completed the spin-off of its Cequent businesses. The results of its operations have been presented as discontinued operations below for all periods presented.
 
 
As of December 31, 2015
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
 
(unaudited, dollars in thousands, except for per share data)
Net sales
 
$
224,130

 
$
224,900

 
$
222,190

 
$
192,760

Gross profit
 
62,920

 
61,720

 
62,470

 
49,000

Income (loss) from continuing operations(a)
 
11,940

 
8,490

 
11,710

 
(60,800
)
Income (loss) from discontinued operations, net of income taxes
 
2,040

 
(6,780
)
 
—

 
—

Net income (loss)
 
13,980

 
1,710

 
11,710

 
(60,800
)
Earnings (loss) per share attributable to TriMas Corporation—basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.26

 
$
0.19

 
$
0.26

 
$
(1.35
)
Discontinued operations
 
0.05

 
(0.15
)
 
—

 
—

Net income (loss) per share
 
$
0.31

 
$
0.04

 
$
0.26

 
$
(1.35
)
Weighted average shares—basic
 
44,997,961

 
45,150,827

 
45,157,412

 
45,188,303

Earnings (loss) per share attributable to TriMas Corporation—diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.26

 
$
0.19

 
$
0.26

 
$
(1.35
)
Discontinued operations
 
0.05

 
(0.15
)
 
—

 
—

Net income (loss) per share
 
$
0.31

 
$
0.04

 
$
0.26

 
$
(1.35
)
Weighted average shares—diluted
 
45,400,843

 
45,418,907

 
45,499,104

 
45,188,303

________________________________________
(a) Loss from continuing operations for the fourth quarter of 2015 includes pre-tax goodwill and indefinite-lived intangible asset impairment charges of $75.7 million. See Note 8, "Goodwill and Other Intangible Assets", for further details.


 
 
As of December 31, 2014
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
 
(unaudited, dollars in thousands, except for per share data)
Net sales
 
$
216,830

 
$
224,710

 
$
222,330

 
$
223,430

Gross profit
 
60,440

 
62,760

 
59,870

 
53,940

Income from continuing operations
 
13,690

 
14,440

 
11,090

 
7,670

Income (loss) from discontinued operations, net of income taxes
 
5,690

 
11,760

 
11,140

 
(6,200
)
Net income
 
19,380

 
26,200

 
22,230

 
1,470

Less: Net income attributable to noncontrolling interests
 
810

 
—

 
—

 
—

Net income attributable to TriMas Corporation
 
18,570

 
26,200

 
22,230

 
1,470

Earnings (loss) per share attributable to TriMas Corporation—basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.29

 
$
0.32

 
$
0.24

 
$
0.17

Discontinued operations
 
0.12

 
0.26

 
0.25

 
(0.14
)
Net income per share
 
$
0.41

 
$
0.58

 
$
0.49

 
$
0.03

Weighted average shares—basic
 
44,768,594

 
44,901,090

 
44,919,340

 
44,938,675

Earnings (loss) per share attributable to TriMas Corporation—diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.29

 
$
0.32

 
$
0.24

 
$
0.17

Discontinued operations
 
0.12

 
0.26

 
0.25

 
(0.14
)
Net income per share
 
$
0.41

 
$
0.58

 
$
0.49

 
$
0.03

Weighted average shares—diluted
 
45,186,114

 
45,230,862

 
45,276,199

 
45,384,460