Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note 14: Selected Quarterly Financial Data (unaudited)

	First quarter			Second quarter		Third quarter			Fourth quarter
(dollars in thousands, except per share amounts)
2018 Data:
Net sales	$	63,737		$	66,071	$	69,056		$	57,063
Gross margin	$	9,272		$	11,695	$	10,425		$	6,424
Operating income	$	4,065		$	5,846	$	5,294		$	865
Provision (benefit) for income taxes	$	777		$	1,139	$	460		$	(441	)
Net income	$	2,125		$	4,038	$	3,916		$	583
Net income per common share
Basic	$	0.29		$	0.52	$	0.45		$	0.07
Diluted	$	0.28		$	0.50	$	0.44		$	0.07
2017 Data:
Net sales	$	48,875		$	52,607	$	50,887		$	50,274
Gross margin	$	4,245		$	7,166	$	5,464		$	6,159
Operating (loss) income	$	(484	)	$	2,667	$	1,016		$	1,038
(Benefit) provision for income taxes	$	(262	)	$	369	$	176		$	(7,884	)
Net (loss) income	$	(1,219	)	$	1,228	$	(259	)	$	7,860
Net (loss) income per common share:
Basic	$	(0.17	)	$	0.17	$	(0.04	)	$	1.09
Diluted	$	(0.17	)	$	0.17	$	(0.04	)	$	1.06

Net income (loss) per common share amounts for each quarter is required to be computed independently. As a result, their sum may not equal the total year earnings per share amounts.