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Summary Quarterly Financial Data
 12 Months Ended
Dec. 31, 2019
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, 2019
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net sales
 
$
173,370

 
$
190,830

 
$
188,410

 
$
170,920

Gross profit
 
46,790

 
53,790

 
48,990

 
44,330

Income from continuing operations
 
14,550

 
18,720

 
15,240

 
13,430

Income from discontinued operations, net of income taxes
 
4,540

 
3,300

 
3,870

 
24,970

Net income
 
19,090

 
22,020

 
19,110

 
38,400

Earnings per share—basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.32

 
$
0.41

 
$
0.34

 
$
0.30

Discontinued operations
 
0.10

 
0.07

 
0.08

 
0.56

Net income per share
 
$
0.42

 
$
0.48

 
$
0.42

 
$
0.86

Weighted average shares—basic
 
45,578,815

 
45,592,075

 
45,175,244

 
44,868,503

Earnings per share—diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.32

 
$
0.41

 
$
0.34

 
$
0.30

Discontinued operations
 
0.10

 
0.07

 
0.08

 
0.55

Net income per share
 
$
0.42

 
$
0.48

 
$
0.42

 
$
0.85

Weighted average shares—diluted
 
45,992,182

 
45,828,315

 
45,415,767

 
45,144,353


 
 
As of December 31, 2018
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net sales
 
$
171,150

 
$
181,690

 
$
182,100

 
$
170,090

Gross profit
 
47,850

 
53,020

 
51,570

 
47,670

Income from continuing operations
 
20,560

 
17,280

 
20,930

 
14,940

Income from discontinued operations, net of income taxes
 
3,760

 
2,320

 
1,740

 
1,770

Net income
 
24,320

 
19,600

 
22,670

 
16,710

Earnings per share—basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.45

 
$
0.38

 
$
0.45

 
$
0.33

Discontinued operations
 
0.08

 
0.05

 
0.04

 
0.04

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:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.45

 
$
0.37

 
$
0.46

 
$
0.32

Discontinued operations
 
0.08

 
0.05

 
0.03

 
0.04

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