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Summary Quarterly Financial Data
 12 Months Ended
Dec. 31, 2016
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 (unaudited, dollars in thousands, except for per share data).
 
 
As of December 31, 2016
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net sales
 
$
202,880

 
$
203,320

 
$
202,290

 
$
185,530

Gross profit
 
55,920

 
57,080

 
58,050

 
39,430

Net income (loss)(a)
 
8,300

 
10,480

 
8,780

 
(67,360
)
Earnings (loss) per share—basic:
 
 
 
 
 
 
 
 
Net income (loss) per share
 
$
0.18

 
$
0.23

 
$
0.19

 
$
(1.48
)
Weighted average shares—basic
 
45,278,990

 
45,429,851

 
45,435,936

 
45,484,485

Earnings (loss) per share—diluted:
 
 
 
 
 
 
 
 
Net income (loss) per share
 
$
0.18

 
$
0.23

 
$
0.19

 
$
(1.48
)
Weighted average shares—diluted
 
45,654,816

 
45,726,348

 
45,760,455

 
45,484,485


________________________________________
(a) Net loss for the fourth quarter of 2016 includes pre-tax goodwill and indefinite-lived intangible asset impairment charges of $98.9 million. See Note 7, "Goodwill and Other Intangible Assets", for further details.
 
 
As of December 31, 2015
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
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—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—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 7, "Goodwill and Other Intangible Assets", for further details.