Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Summarized quarterly financial data for 2019 and 2018 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)


	2019														2018
	First		Second		Third		Fourth		First		Second		Third		Fourth
Sales	$	261,934	$	285,186	$	271,829	$	300,189	$	238,087	$	257,125	$	257,572	$	256,038
Gross profit	63,308		73,133		68,710		68,076		60,257		66,454		66,772		62,632
Net income	15,253		20,667		17,418		9,568		14,583		18,771		23,543		16,589
Earnings per share
Diluted	$	1.30	$	1.75	$	1.47	$	0.81	$	1.24	$	1.60	$	2.00	$	1.41
Average shares
Diluted	11,777		11,798		11,813		11,811		11,739		11,759		11,777		11,768
Dividends per share	$	0.12	$	0.12	$	0.12	$	0.12	$	0.11	$	0.11	$	0.11	$	0.11
Market price of common stock
High	$	101.58	$	106.19	$	124.33	$	129.74	$	120.22	$	118.93	$	102.29	$	93.45
Low	$	74.74	$	93.00	$	93.11	$	103.60	$	103.38	$	88.60	$	88.13	$	72.85

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.