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Quarterly financial data (unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly financial data (unaudited)

19. Quarterly financial data (unaudited)

 

 

Condensed Consolidated Statement of Operations

(U.S. Dollars, in thousands, except per share data)

 

(U.S. Dollars, in thousands, except share and per share data)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Year

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

100,014

 

 

$

100,985

 

 

$

100,994

 

 

$

100,284

 

 

$

402,277

 

Cost of sales

 

 

26,773

 

 

 

25,414

 

 

 

25,268

 

 

 

21,457

 

 

 

98,912

 

Gross profit

 

 

73,241

 

 

 

75,571

 

 

 

75,726

 

 

 

78,827

 

 

 

303,365

 

Operating expense

 

 

73,270

 

 

 

68,867

 

 

 

69,218

 

 

 

74,874

 

 

 

286,229

 

Operating (loss) income

 

 

(29

)

 

 

6,704

 

 

 

6,508

 

 

 

3,953

 

 

 

17,136

 

Net (loss) income from continuing operations

 

 

(1,948

)

 

 

3,266

 

 

 

28

 

 

 

(5,090

)

 

 

(3,744

)

Net (loss) income

 

$

(2,508

)

 

$

(683

)

 

$

452

 

 

$

(5,798

)

 

$

(8,537

)

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income from continuing operations

 

$

(0.11

)

 

$

0.18

 

 

$

0.00

 

 

$

(0.27

)

 

$

(0.20

)

Net (loss) income

 

$

(0.14

)

 

$

(0.04

)

 

$

0.02

 

 

$

(0.31

)

 

$

(0.46

)

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income from continuing operations

 

$

(0.11

)

 

$

0.18

 

 

$

0.00

 

 

$

(0.27

)

 

$

(0.20

)

Net (loss) income

 

$

(0.14

)

 

$

(0.04

)

 

$

0.02

 

 

$

(0.31

)

 

$

(0.46

)

 

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Year

 

 

 

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

102,279

 

 

$

97,640

 

 

$

91,806

 

 

$

105,886

 

 

$

397,611

 

Cost of sales

 

 

25,841

 

 

 

21,884

 

 

 

25,064

 

 

 

34,123

 

 

 

106,912

 

Gross profit

 

 

76,438

 

 

 

75,756

 

 

 

66,742

 

 

 

71,763

 

 

 

290,699

 

Operating expense

 

 

70,370

 

 

 

68,836

 

 

 

80,843

 

 

 

81,842

 

 

 

301,891

 

Operating income

 

 

6,068

 

 

 

6,920

 

 

 

(14,101

)

 

 

(10,079

)

 

 

(11,192

)

Net income from continuing operations

 

 

5,926

 

 

 

2,012

 

 

 

(16,504

)

 

 

(9,639

)

 

 

(18,205

)

Net income

 

$

3,447

 

 

$

(3,011

)

 

$

(18,836

)

 

$

(10,412

)

 

$

(28,812

)

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

0.31

 

 

$

0.11

 

 

$

(0.91

)

 

$

(0.53

)

 

$

(0.97

)

Net income

 

$

0.18

 

 

$

(0.16

)

 

$

(1.04

)

 

$

(0.58

)

 

$

(1.54

)

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$

0.30

 

 

$

0.10

 

 

$

(0.91

)

 

$

(0.53

)

 

$

(0.97

)

Net income

 

$

0.18

 

 

$

(0.16

)

 

$

(1.04

)

 

$

(0.58

)

 

$

(1.54

)

 

 


Condensed Consolidated Balance Sheets

 

(U.S. Dollars, in thousands, except share and per share data)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

403,973

 

 

$

433,997

 

 

$

411,045

 

 

$

393,185

 

Total liabilities

 

 

103,410

 

 

 

128,786

 

 

 

106,029

 

 

 

93,558

 

Total shareholders’ equity

 

 

300,563

 

 

 

305,211

 

 

 

305,016

 

 

 

299,627

 

Total liabilities and shareholders’ equity

 

$

403,973

 

 

$

433,997

 

 

$

411,045

 

 

$

393,185

 

 

 

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

 

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

464,153

 

 

$

446,321

 

 

$

415,524

 

 

$

411,975

 

Total liabilities

 

 

103,178

 

 

 

114,175

 

 

 

108,531

 

 

 

116,112

 

Total shareholders’ equity

 

 

360,975

 

 

 

332,146

 

 

 

306,993

 

 

 

295,863

 

Total liabilities and shareholders’ equity

 

$

464,153

 

 

$

446,321

 

 

$

415,524

 

 

$

411,975