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Summary Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The Company's unaudited quarterly financial data is as follows (dollars in thousands, except for per share data):
 
 
As of December 31, 2017
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net sales
 
$
199,830

 
$
213,370

 
$
209,330

 
$
195,210

Gross profit
 
51,760

 
59,410

 
58,830

 
49,140

Net income (loss)
 
6,990

 
14,850

 
13,130

 
(4,010
)
Earnings (loss) per share—basic:
 
 
 
 
 
 
 
 
Net income (loss) per share
 
$
0.15

 
$
0.32

 
$
0.29

 
$
(0.09
)
Weighted average shares—basic
 
45,570,495

 
45,717,697

 
45,721,155

 
45,721,160

Earnings (loss) per share—diluted:
 
 
 
 
 
 
 
 
Net income (loss) per share
 
$
0.15

 
$
0.32

 
$
0.29

 
$
(0.09
)
Weighted average shares—diluted
 
45,908,958

 
45,922,416

 
46,029,361

 
45,721,160


 
 
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.