| Unaudited Quarterly Financial Data |
The unaudited summarized financial data by quarter for the years
ended December 31, 2015 and 2014 is presented in the table
below:
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| (dollars in thousands) |
|
Quarter 1 |
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Quarter 2 |
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Quarter 3 |
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Quarter 4 |
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2015:
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|
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|
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Net sales
|
|
$ |
248,774 |
|
|
$ |
253,998 |
|
|
$ |
259,437 |
|
|
$ |
265,238 |
|
|
Gross profit
|
|
|
99,534 |
|
|
|
99,795 |
|
|
|
108,285 |
|
|
|
111,217 |
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|
Selling, general, and administrative expenses
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|
|
47,399 |
|
|
|
59,660 |
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|
|
58,664 |
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|
|
60,993 |
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|
Operating income
|
|
|
52,135 |
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|
|
40,135 |
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|
|
49,621 |
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|
|
18,224 |
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Net income
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|
|
30,046 |
|
|
|
22,638 |
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|
|
27,066 |
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|
|
9,638 |
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Basic net income per common share
|
|
$ |
0.15 |
|
|
$ |
0.12 |
|
|
$ |
0.14 |
|
|
$ |
0.05 |
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Diluted net income per common share
|
|
$ |
0.15 |
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|
$ |
0.11 |
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$ |
0.14 |
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|
$ |
0.05 |
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Basic weighted average shares
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|
195,745,670 |
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|
|
195,747,954 |
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|
|
196,062,348 |
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|
196,173,169 |
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Diluted weighted average shares
|
|
|
197,773,850 |
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|
|
197,709,082 |
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|
198,254,808 |
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|
198,076,031 |
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|
2014:
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|
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|
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Net sales
|
|
$ |
226,247 |
|
|
$ |
218,654 |
|
|
$ |
234,770 |
|
|
$ |
238,089 |
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|
Gross profit
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|
|
96,335 |
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|
|
84,993 |
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|
|
94,226 |
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|
|
91,313 |
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Selling, general, and administrative expenses
|
|
|
42,722 |
|
|
|
46,100 |
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|
|
45,419 |
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|
|
53,623 |
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Operating income
|
|
|
53,613 |
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|
|
38,893 |
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|
|
48,807 |
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|
|
37,690 |
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Net income
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|
31,153 |
|
|
|
21,911 |
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|
27,713 |
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|
21,154 |
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Basic net income per common share
|
|
$ |
0.16 |
|
|
$ |
0.11 |
|
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$ |
0.14 |
|
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$ |
0.11 |
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Diluted net income per common share
|
|
$ |
0.16 |
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|
$ |
0.11 |
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|
$ |
0.14 |
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$ |
0.11 |
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Basic weighted average shares
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|
195,720,894 |
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|
195,733,692 |
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|
|
195,743,154 |
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|
195,743,154 |
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Diluted weighted average shares
|
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|
197,747,579 |
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|
|
197,827,833 |
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|
|
197,884,029 |
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|
197,853,482 |
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