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QUARTERLY DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2019
QUARTERLY DATA (UNAUDITED)  
QUARTERLY DATA (UNAUDITED)

NOTE 22 QUARTERLY DATA (UNAUDITED)

Quarterly results of operations and per share information for the years ended December 31, 2019 and 2018 are as follows:

Quarter

Total

 

 

First

 

Second

 

Third

 

Fourth

 

for Year

 

Year Ended December 31, 2019:

Net sales

$

744,460

$

742,661

$

701,278

$

671,333

$

2,859,732

Gross profit (1)

 

233,841

 

231,739

 

215,222

 

193,588

 

874,390

Net Income

 

62,999

 

73,921

 

56,769

 

48,538

 

242,227

Net Income Attributable to AptarGroup, Inc.

 

63,004

 

73,915

 

56,750

 

48,533

 

242,202

Per Common Share — 2019:

Net Income Attributable to AptarGroup, Inc.

Basic

$

1.00

$

1.16

$

.89

$

.76

$

3.81

Diluted

 

.96

 

1.12

 

.85

 

.73

 

3.66

Average number of shares outstanding:

Basic

 

62,964

 

63,471

 

64,010

 

63,835

 

63,574

Diluted

 

65,349

 

66,232

 

66,702

 

66,192

 

66,150

Year Ended December 31, 2018:

Net sales

$

703,350

$

710,608

$

665,775

$

685,028

$

2,764,761

Gross profit (1)

 

209,171

 

209,018

 

192,544

 

184,775

 

795,508

Net Income

 

59,288

 

55,781

 

39,022

 

40,675

 

194,766

Net Income Attributable to AptarGroup, Inc.

 

59,300

 

55,775

 

38,996

 

40,674

 

194,745

Per Common Share — 2018:

Net Income Attributable to AptarGroup, Inc.

Basic

$

.95

$

.89

$

.63

$

.65

$

3.12

Diluted

 

.92

 

.86

 

.60

 

.62

 

3.00

Average number of shares outstanding:

Basic

 

62,128

 

62,402

 

62,378

 

62,834

 

62,437

Diluted

 

64,414

 

64,850

 

65,129

 

65,344

 

64,958

(1)Gross profit is defined as net sales less cost of sales and depreciation.