XML 82 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

Quarterly data for the years ended December 31, 2014 and 2013 consisted of the following (in thousands, except per share amounts):

 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
2014
 

 
 

 
 

 
 

Net sales
$
119,236

 
$
128,865

 
$
128,808

 
$
132,780

Gross profit
52,043

 
55,624

 
57,421

 
60,134

Income from operations
6,489

 
7,384

 
12,076

 
14,217

Income tax expense
1,063

 
1,366

 
2,489

 
3,680

Net income
2,823

 
3,716

 
7,764

 
8,671

Basic earnings per common share
0.07

 
0.09

 
0.18

 
0.20

Diluted earnings per common share
0.07

 
0.09

 
0.18

 
0.20

 
 
 
 
 
 
 
 
2013
 

 
 

 
 

 
 

Net sales
$
103,948

 
$
109,875

 
$
115,210

 
$
120,016

Gross profit
42,993

 
46,985

 
51,030

 
53,359

Income from operations
1,757

 
6,780

 
8,391

 
10,916

Income tax expense (benefit)
(459
)
 
1,253

 
833

 
1,642

Net income
671

 
3,752

 
5,607

 
6,540

Basic earnings per common share
0.02

 
0.09

 
0.13

 
0.15

Diluted earnings per common share
0.02

 
0.09

 
0.13

 
0.15



Basic and diluted earnings per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly amounts may not equal the total computed for the year.