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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (Unaudited)
QUARTERLY FINANCIAL DATA (Unaudited)
Summarized quarterly financial data for 2017 and 2016 are presented below. Seasonal influences affect the Company’s sales and profits, with heavier business occurring in May through August.
(in thousands, except per share amounts)
 
2017
 
2016
 
First
Second
Third
Fourth(1)
 
First
Second
Third
Fourth
Sales
$
215,389

$
213,276

$
240,455

$
243,260

 
$
210,971

$
211,489

$
216,766

$
205,522

Gross profit
54,164

54,679

64,939

60,911

 
50,277

52,178

54,711

47,933

Net income
12,167

12,316

16,592

3,240

 
8,659

10,562

13,236

7,588

Earnings per share
 

 

 

 

 
 

 

 

 

Diluted
$
1.05

$
1.05

$
1.42

$
0.27

 
$
0.75

$
0.92

$
1.14

$
0.65

Average shares
 

 

 

 

 
 

 

 

 

Diluted
11,620

11,671

11,708

11,727

 
11,507

11,550

11,595

11,608

Dividends per share
$
0.10

$
0.10

$
0.10

$
0.10

 
$
0.09

$
0.09

$
0.09

$
0.09

Market price of
    common stock
 

 

 

 

 
 

 

 

 

High
$
79.50

$
92.67

$
107.69

$
119.50

 
$
61.82

$
66.01

$
68.04

$
78.91

Low
$
71.20

$
71.72

$
86.80

$
104.87

 
$
48.26

$
52.82

$
61.49

$
59.55


(1) The Net income for the fourth quarter of 2017 includes a one-time charge of $10.1 million relating to the U.S. tax reform act.
 
The sum of quarterly earnings per share may not equal total year earnings per share due to rounding of earnings per share amounts, and differences in weighted-average shares and equivalent shares outstanding for each of the periods presented.