Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

17.Selected Quarterly Financial Data (Unaudited)

The following table sets forth selected quarterly financial data for each of the quarters in 2011 and 2010:

(in thousands, except

per share amounts)

	2011											2010
	Fourth		Third			Second			First			Fourth			Third			Second			First
	Quarter		Quarter			Quarter			Quarter			Quarter			Quarter			Quarter			Quarter
Net sales	$	130,732	$	162,366		$	177,812		$	132,536		$	119,606		$	146,447		$	165,614		$	123,820
Cost of sales	75,822		86,919			94,313			75,588			71,979			80,750			88,828			69,793
Gross profit	54,910		75,447			83,499			56,948			47,627			65,697			76,786			54,027
Research and development and other engineering	6,143		6,804			6,945			5,994			4,954			5,715			5,700			4,742
Selling	18,041		18,633			19,819			17,075			15,865			15,946			16,610			14,872
General and administrative	23,570		25,174			25,454			21,621			22,331			20,001			20,524			16,933
Impairment of goodwill	1,282		—			—			—			6,292			—			—			—
Loss (gain) on sale of assets	190		(46		)	73			(25		)	43			(5,217		)	15			388
Income (loss) from operations	5,684		24,882			31,208			12,283			(1,858		)	29,252			33,937			17,092
Income (loss) in equity method investment	—		4,471			(69		)	(14		)	(106		)	(153		)	(131		)	(144		)
Interest income, net	82		79			108			72			—			110			26			12
Income (loss) from continuing operations before income taxes	5,766		29,432			31,247			12,341			(1,964		)	29,209			33,832			16,960
Provision for income taxes from continuing operations	818		10,052			11,754			5,263			2,535			10,801			12,773			7,130
Income (loss) from continuing operations, net of tax	4,948		19,380			19,493			7,078			(4,499		)	18,408			21,059			9,830
Loss from discontinued operations, net of tax	—		—			—			—			—			(1,226		)	(14,356		)	(631		)
Net income (loss)	$	4,948	$	19,380		$	19,493		$	7,078		$	(4,499	)	$	17,182		$	6,703		$	9,199
Earnings (loss) per common share:
Basic
Continuing operations	$	0.10	$	0.40		$	0.39		$	0.14		$	(0.09	)	$	0.37		$	0.43		$	0.20
Discontinued operations	—		—			—			—			—			(0.02		)	(0.29		)	(0.01		)
Net income	0.10		0.40			0.39			0.14			(0.09		)	0.35			0.14			0.19
Diluted
Continuing operations	$	0.10	$	0.40		$	0.39		$	0.14		$	(0.09	)	$	0.37		$	0.42		$	0.20
Discontinued operations	—		—			—			—			—			(0.02		)	(0.29		)	(0.01		)
Net income	0.10		0.40			0.39			0.14			(0.09		)	0.35			0.14			0.19
Cash dividends declared per common share	$	0.125	$	0.125		$	0.125		$	0.125		$	0.10		$	0.10		$	0.10		$	0.10

Basic and diluted income per common share for each of the quarters presented above is based on the respective weighted average numbers of common and dilutive potential common shares outstanding for each quarter, and the sum of the quarters may not necessarily be equal to the full year basic and diluted net income per common share amounts.