Quarterly Unaudited Financial Data

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY UNAUDITED FINANCIAL DATA

QUARTERLY UNAUDITED FINANCIAL DATA

GIBRALTAR INDUSTRIES, INC.

QUARTERLY UNAUDITED FINANCIAL DATA

(in thousands, except per share data)

	2016 Quarters Ended
	March 31		June 30		September 30		December 31			Total
Net sales	$	237,671	$	265,738	$	272,734	$	231,838		$	1,007,981
Gross profit	$	54,150	$	68,843	$	67,887	$	53,882		$	244,762
Income from operations	$	17,601	$	28,416	$	26,363	$	584		$	72,964
Interest expense	$	3,691	$	3,666	$	3,625	$	3,595		$	14,577
Net income (loss) from continuing operations	$	9,029	$	18,612	$	13,786	$	(7,708	)	$	33,719
Net loss from discontinued operations	$	—	$	—	$	—	$	(44	)	$	(44	)
Total net income (loss)	$	9,029	$	18,612	$	13,786	$	(7,752	)	$	33,675
Income (loss) per share from continuing operations:
Basic	$	0.29	$	0.59	$	0.44	$	(0.24	)	$	1.07
Diluted	$	0.28	$	0.58	$	0.43	$	(0.24	)	$	1.05
Loss per share from discontinued operations:
Basic	$	—	$	—	$	—	$	—		$	—
Diluted	$	—	$	—	$	—	$	—		$	—

For the quarters ended March 31, 2016 and June 30, 2016 presented in the table above, immaterial differences were identified between amounts as presented and amounts required to be recorded in accordance with U.S. generally accepted accounting principles due to errors in the Company's accounting for estimated total contract costs at completion as it is related to revenue recognition under the percentage of completion accounting method. Refer to the Company's Quarterly Report, Form 10-Q, for the quarter ended September 30, 2016 for a complete description of these differences. These differences will be corrected in the Company's future filings. For the quarter ended December 31, 2016 presented in the table above, the net loss from continuing operations includes $4.8 million of income tax expense to correct a discrete tax benefit recorded during the three months ended June 30, 2016 resulting from the sale of its European industrial manufacturing business to a third party.

	2015 Quarters Ended
	March 31			June 30		September 30		December 31		Total
Net sales	$	200,615		$	253,171	$	304,994	$	282,093	$	1,040,873
Gross profit	$	29,915		$	44,119	$	61,396	$	51,546	$	186,976
Income from operations	$	8,970		$	11,201	$	23,394	$	4,520	$	48,085
Interest expense	$	3,700		$	3,811	$	3,878	$	3,614	$	15,003
Net income from continuing operations	$	5,537		$	4,087	$	13,632	$	220	$	23,476
Net loss from discontinued operations	$	(28	)	$	—	$	—	$	—	$	(28	)
Total net income	$	5,509		$	4,087	$	13,632	$	220	$	23,448
Income per share from continuing operations:
Basic	$	0.18		$	0.13	$	0.44	$	0.01	$	0.75
Diluted	$	0.18		$	0.13	$	0.43	$	0.01	$	0.74
Loss per share from discontinued operations:
Basic	$	—		$	—	$	—	$	—	$	—
Diluted	$	—		$	—	$	—	$	—	$	—