Summary Quarterly Financial Data

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Summary Quarterly Financial Data

Summary Quarterly Financial Data

The Company's unaudited quarterly financial data is as follows (dollars in thousands, except for per share data):

	As of December 31, 2018
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	217,100	$	224,910	$	223,780	$	211,350
Gross profit	60,380		64,780		61,720		57,240
Net income	24,320		19,600		22,670		16,710
Earnings per share—basic:
Net income per share	$	0.53	$	0.43	$	0.49	$	0.37
Weighted average shares—basic	45,779,966		45,920,307		45,850,288		45,747,659
Earnings per share—diluted:
Net income per share	$	0.53	$	0.42	$	0.49	$	0.36
Weighted average shares—diluted	46,229,337		46,200,757		46,166,558		46,085,202

	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	51,820		59,470		58,890		49,210
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