Quarterly Financial Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

NOTE 24 - QUARTERLY FINANCIAL DATA (UNAUDITED)

(Dollars in thousands, except per share amounts)

Year 2019	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Year
Net sales	$	357,693		$	352,499		$	352,014		$	310,281		$	1,372,487
Gross profit	$	33,122		$	39,995		$	16,047		$	26,898		$	116,062
Income (loss) from operations	$	18,639		$	24,031		$	(243	)	$	(92,486	)	$	(50,059	)
Consolidated income (loss) before income taxes	$	6,893		$	14,811		$	(11,416	)	$	(103,325	)	$	(93,037	)
Income tax (provision) benefit	$	(4,943	)	$	(7,541	)	$	4,785		$	4,276		$	(3,423	)
Consolidated net income (loss)	$	1,950		$	7,270		$	(6,631	)	$	(99,049	)	$	(96,460	)
Earnings (loss) per share
Basic	$	(0.24	)	$	(0.04	)	$	(0.57	)	$	(4.25	)	$	(5.10	)
Diluted	$	(0.24	)	$	(0.04	)	$	(0.57	)	$	(4.25	)	$	(5.10	)
Dividends declared per share	$	0.09		$	0.09		$	-		$	-		$	0.18

Year 2018	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Year
Net sales	$	386,448		$	388,944		$	347,612		$	378,823		$	1,501,827
Gross profit	$	49,991		$	53,559		$	23,673		$	36,304		$	163,527
Income from operations	$	27,634		$	31,270		$	7,688		$	19,213		$	85,805
Consolidated income (loss) before income taxes	$	13,687		$	12,930		$	(7,714	)	$	13,349		$	32,252
Income tax (provision) benefit	$	(3,370	)	$	(4,795	)	$	7,051		$	(5,177	)	$	(6,291	)
Consolidated net income (loss)	$	10,317		$	8,135		$	(663	)	$	8,172		$	25,961
Earnings (loss) per share
Basic	$	0.07		$	(0.02	)	$	(0.37	)	$	0.61		$	0.29
Diluted	$	0.07		$	(0.02	)	$	(0.37	)	$	0.61		$	0.29
Dividends declared per share	$	0.09		$	0.09		$	0.09		$	0.09		$	0.36