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Summarized Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Summarized Quarterly Financial Data (Unaudited)

Note 14 – Summarized Quarterly Financial Data (Unaudited)

The following table presents unaudited quarterly operating results for each of our last eight fiscal quarters. This information has been prepared on a basis consistent with our audited financial statements and includes all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation of the data.

Unaudited Quarterly Operating Results

(In thousands, except for per share amounts)

 

Three Months Ended    March 31, 2012      June 30, 2012      September 30, 2012      December 31, 2012  

Net sales

   $ 134,735       $ 183,998       $ 162,125       $ 139,756   

Gross profit

   $ 74,087       $ 95,201       $ 79,972       $ 67,383   

Operating income

   $ 16,181       $ 26,838       $ 10,276       $ 2,874   

Net income

   $ 12,960       $ 21,070       $ 9,272       $ 3,961   

Earnings per common share

   $ 0.20       $ 0.33       $ 0.15       $ 0.06   

Earnings per common share assuming dilution (1)

   $ 0.20       $ 0.33       $ 0.15       $ 0.06   
Three Months Ended    March 31, 2011      June 30, 2011      September 30, 2011      December 31, 2011  

Net sales

   $ 165,522       $ 184,227       $ 192,194       $ 175,286   

Gross profit

   $ 98,795       $ 106,827       $ 109,476       $ 99,220   

Operating income

   $ 45,606       $ 51,310       $ 51,107       $ 41,115   

Net income

   $ 34,258       $ 36,943       $ 36,213       $ 31,163   

Earnings per common share

   $ 0.53       $ 0.57       $ 0.57       $ 0.49   

Earnings per common share assuming dilution (1)

   $ 0.52       $ 0.56       $ 0.56       $ 0.48   

 

(1) 

Assumes exercise of dilutive stock options calculated under the treasury stock method.