XML 50 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
SELECTED QUARTERLY FINANCIAL DATA
Tredegar Corporation and Subsidiaries
(In Thousands, Except Per-Share Amounts)
(Unaudited)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
For the year ended December 31, 2018
 
 
 
 
 
 
 
Sales
$
258,711

 
$
263,759

 
$
267,294

 
$
275,707

Gross profit
46,732

 
44,652

 
40,478

 
47,826

Net income (loss)
$
18,165

 
$
14,722

 
$
(34,201
)
 
$
26,157

Earnings (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.55

 
$
0.45

 
$
(1.03
)
 
$
0.79

Diluted
$
0.55

 
$
0.44

 
$
(1.03
)
 
$
0.79

Shares used to compute earnings (loss) per share:
 
 
 
 
 
 
 
Basic
32,982

 
33,074

 
33,110

 
33,103

Diluted
32,988

 
33,108

 
33,110

 
33,112

For the year ended December 31, 2017
 
 
 
 
 
 
 
Sales
$
221,026

 
$
247,347

 
$
247,121

 
$
245,836

Gross profit
32,959

 
44,149

 
43,992

 
38,998

Net income
$
3,703

 
$
44,204

 
$
8,274

 
$
(17,929
)
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.11

 
$
1.34

 
$
0.25

 
$
(0.54
)
Diluted
$
0.11

 
$
1.34

 
$
0.25

 
$
(0.54
)
Shares used to compute earnings per share:
 
 
 
 
 
 
 
Basic
32,920

 
32,961

 
32,954

 
32,948

Diluted
32,957

 
33,051

 
32,954

 
32,949



The 2017 Gross profit amounts have changed from the amounts disclosed in the prior year due to the retrospective adoption of ASU 2017-07, which resulted in the separate presentation of “Pension and postretirement benefits” expense in the consolidated statements of income. Historically the Company had reported a portion of its pension and postretirement benefit expenses in cost of goods sold, a component used in the calculation of Gross profit.