Selected Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2012

Selected Quarterly Financial Information (unaudited)

(20) Selected Quarterly Financial Information (unaudited)

The following table sets forth selected unaudited consolidated quarterly financial information for the years ended December 31, 2012 and 2011 (in thousands, except per share data):

	Quarters Ended
	Dec. 31,			Sept. 30,			June 30,			Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2012			2012			2012			2012			2011			2011			2011			2011
Net sales	$	1,346,675		$	1,181,409		$	1,529,175		$	1,244,182		$	1,360,353		$	1,238,019		$	1,468,960		$	1,219,896
Costs of goods sold		1,166,282			1,013,784			1,327,889			1,073,810			1,181,370			1,074,504			1,264,781			1,057,416
Gross profit		180,393			167,625			201,286			170,372			178,983			163,515			204,179			162,480
Operating expenses:
Selling and administrative expenses		141,952			136,259			143,601			143,394			136,131			135,071			146,386			139,101
Severance and restructuring expenses		1,861			705			2,377			1,374			627			529			3,405			524
Earnings from operations		36,580			30,661			55,308			25,604			42,225			27,915			54,388			22,855
Non-operating (income) expense:
Interest income		(340	)		(489	)		(288	)		(351	)		(392	)		(536	)		(400	)		(358	)
Interest expense		1,351			1,702			1,490			1,558			1,718			1,753			1,644			1,812
Gain on bargain purchase		—			—			—			(2,022	)		—			—			—			—
Net foreign currency exchange loss (gain)		409			426			(470	)		(828	)		(605	)		633			(686	)		(478	)
Other expense, net		385			319			389			244			349			451			383			406
Earnings before income taxes		34,775			28,703			54,187			27,003			41,155			25,614			53,447			21,473
Income tax expense		14,008			9,349			18,937			9,611			6,501			8,448			18,099			8,406
Net earnings	$	20,767		$	19,354		$	35,250		$	17,392		$	34,654		$	17,166		$	35,348		$	13,067
Net earnings per share:
Basic	$	0.47		$	0.43		$	0.79		$	0.39		$	0.79		$	0.38		$	0.76		$	0.28
Diluted	$	0.46		$	0.43		$	0.79		$	0.39		$	0.78		$	0.38		$	0.75		$	0.28