QUARTERLY DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

QUARTERLY DATA (UNAUDITED)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(Dollars in thousands, except per share)
2020
Net revenues	$	630,642	$	567,034	$	628,301	$	711,179
Gross profit	333,624		278,372		329,324		383,554
Income from continuing operations before interest,loss on extinguishment of debt and taxes	157,086		38,810		132,092		95,080
Income from continuing operations	131,152		11,443		116,605		76,601
(Loss) income from discontinued operations	(2)		13		(18)		(470)
Net income	131,150		11,456		116,587		76,131
Earnings per share — basic(1):
Income from continuing operations	$	2.83	$	0.25	$	2.51	$	1.64
Income from discontinued operations	—		—		—		(0.01)
Net income	$	2.83	$	0.25	$	2.51	$	1.63
Earnings per share — diluted(1):
Income from continuing operations	$	2.78	$	0.24	$	2.46	$	1.62
Income from discontinued operations	—		—		—		(0.01)
Net income	$	2.78	$	0.24	$	2.46	$	1.61
2019
Net revenues	$	613,584	$	652,507	$	648,319	$	680,952
Gross profit(2)	323,970		352,238		355,075		377,722
Income from continuing operations before interest,loss on extinguishment of debt and taxes	75,243		107,458		117,621		126,932
Income from continuing operations	41,918		83,328		228,929		107,806
(Loss) income from discontinued operations	(1,021)		47		—		459
Net income	40,897		83,375		228,929		108,265
Earnings per share — basic(1):
Income from continuing operations	$	0.91	$	1.80	$	4.95	$	2.33
(Loss) income from discontinued operations	(0.02)		0.01		—		0.01
Net income	$	0.89	$	1.81	$	4.95	$	2.34
Earnings per share — diluted(1):
Income from continuing operations	$	0.89	$	1.77	$	4.85	$	2.28
(Loss) income from discontinued operations	(0.02)		—		—		0.01
Net income	$	0.87	$	1.77	$	4.85	$	2.29

(1)Each quarter is calculated as a discrete period; the sum of the four quarters may not equal the calculated full year amount.

(2)For the three months ended March 31, 2019, June 30, 2019, September 29, 2019, and December 31, 2019 we reclassified intangible asset amortization expense of $20.8 million, $20.7 million, $20.6 million and $20.5 million, respectively, from selling, general and administrative expenses to cost of goods sold.