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Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

Quarterly data for the years ended December 31, 2016 and 2015 consisted of the following (in thousands, except per share amounts):
 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
2016
 

 
 

 
 

 
 

Net sales
$
138,077

 
$
151,071

 
$
156,975

 
$
157,715

Gross profit
60,100

 
66,854

 
67,815

 
70,256

Income from operations
7,706

 
11,581

 
2,987

 
12,602

Income tax expense (benefit)
1,555

 
2,572

 
(978
)
 
2,116

Net income
4,351

 
7,290

 
973

 
7,507

Basic earnings per common share
0.10

 
0.16

 
0.02

 
0.17

Diluted earnings per common share
0.10

 
0.16

 
0.02

 
0.17

 
 
 
 
 
 
 
 
2015
 

 
 

 
 

 
 

Net sales
$
129,577

 
$
138,082

 
$
136,086

 
$
138,404

Gross profit
55,383

 
60,886

 
59,205

 
60,307

Income from operations
8,704

 
12,242

 
8,547

 
8,050

Income tax expense
2,289

 
3,122

 
1,842

 
145

Net income
5,174

 
7,401

 
4,818

 
6,409

Basic earnings per common share
0.12

 
0.17

 
0.11

 
0.14

Diluted earnings per common share
0.12

 
0.17

 
0.11

 
0.14



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.