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Quarterly Results of Operations (UNAUDITED)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
 
As adjusted for impact of the change to FIFO
(Dollars in thousands, except per share amounts)
2015
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Net sales
$
165,051

 
$
163,098

 
$
160,366

 
$
152,928

Gross margin
$
62,425

 
$
60,661

 
$
59,672

 
$
52,604

Net income
$
13,643

 
$
13,554

 
$
12,546

 
$
6,577

 

 
 
 
 
 
 
Net income per share:

 
 
 
 
 
 
   Basic
$
0.74

 
$
0.73

 
$
0.68

 
$
0.37

   Diluted
$
0.72

 
$
0.71

 
$
0.67

 
$
0.37

 
 
 
 
 
 
 
 
 
2014
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Net sales
$
146,640

 
$
153,495

 
$
163,052

 
$
147,724

Gross margin
$
54,107

 
$
57,376

 
$
64,576

 
$
58,695

Net income
$
14,702

 
$
11,056

 
$
20,407

 
$
7,247

 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
   Basic
$
0.82

 
$
0.61

 
$
1.12

 
$
0.40

   Diluted
$
0.79

 
$
0.59

 
$
1.09

 
$
0.39





 
As originally reported
(Dollars in thousands, except per share amounts)
2015
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net sales
$
165,051

 
$
163,098

 
$
160,366

 
$
152,928

Gross margin
$
62,355

 
$
60,589

 
$
59,530

 
$
52,604

Net income
$
13,627

 
$
13,540

 
$
12,455

 
$
6,577

 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
   Basic
$
0.74

 
$
0.73

 
$
0.68

 
$
0.37

   Diluted
$
0.72

 
$
0.71

 
$
0.67

 
$
0.37

 
 
 
 
 
 
 
 
 
2014
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net sales
$
146,640

 
$
153,495

 
$
163,052

 
$
147,724

Gross margin
$
53,919

 
$
57,138

 
$
64,548

 
$
58,335

Net income
$
14,580

 
$
10,902

 
$
20,388

 
$
7,013

 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
   Basic
$
0.81

 
$
0.60

 
$
1.12

 
$
0.38

   Diluted
$
0.79

 
$
0.58

 
$
1.09

 
$
0.37