Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Summarized quarterly financial data for 2018 and 2017 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)


	2018														2017
	First		Second		Third		Fourth		First		Second		Third		Fourth⁽¹⁾
Sales	$	238,087	$	257,125	$	257,572	$	256,038	$	215,389	$	213,276	$	240,455	$	243,260
Gross profit	60,257		66,454		66,772		62,632		54,164		54,679		64,939		60,911
Net income	14,583		18,771		23,543		16,589		12,167		12,316		16,592		3,240
Earnings per share
Diluted	$	1.24	$	1.60	$	2.00	$	1.41	$	1.05	$	1.05	$	1.42	$	0.27
Average shares
Diluted	11,739		11,759		11,777		11,768		11,620		11,671		11,708		11,727
Dividends per share	$	0.11	$	0.11	$	0.11	$	0.11	$	0.10	$	0.10	$	0.10	$	0.10
Market price of common stock
High	$	120.22	$	118.93	$	102.29	$	93.45	$	79.50	$	92.67	$	107.69	$	119.50
Low	$	103.38	$	88.60	$	88.13	$	72.85	$	71.20	$	71.72	$	86.80	$	104.87

(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.