| Quarterly Financial Information (unaudited) |
Note P - Quarterly Financial Information (unaudited)
The following table summarizes the Company’s results of operations for each of the quarters in 2016 and 2015:
|
|
|
Quarter ended |
|
|
|
|
March 31 |
|
|
June 30 |
|
|
September 30 |
|
|
December 31 |
|
|
2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
78,682 |
|
|
$ |
83,220 |
|
|
$ |
88,299 |
|
|
$ |
86,433 |
|
|
Gross profit |
|
|
24,289 |
|
|
|
26,806 |
|
|
|
28,855 |
|
|
|
29,464 |
|
|
Income before income taxes |
|
|
3,656 |
|
|
|
3,773 |
|
|
|
6,534 |
|
|
|
6,990 |
|
|
Net income |
|
|
2,658 |
|
|
|
2,755 |
|
|
|
4,742 |
|
|
|
5,100 |
|
|
Net income, basic |
|
$ |
0.51 |
|
|
$ |
0.53 |
|
|
$ |
0.92 |
|
|
$ |
1.00 |
|
|
Net income, diluted |
|
$ |
0.51 |
|
|
$ |
0.53 |
|
|
$ |
0.92 |
|
|
$ |
0.99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
85,790 |
|
|
$ |
87,869 |
|
|
$ |
89,046 |
|
|
$ |
91,961 |
|
|
Gross profit |
|
|
24,760 |
|
|
|
26,444 |
|
|
|
26,159 |
|
|
|
26,089 |
|
|
Income (loss) before income taxes |
|
|
(59 |
) |
|
|
4,466 |
|
|
|
2,141 |
|
|
|
5,158 |
|
|
Net (loss) income |
|
|
(256 |
) |
|
|
3,680 |
|
|
|
206 |
|
|
|
3,045 |
|
|
Net income (loss), basic |
|
|
(0.05 |
) |
|
|
0.68 |
|
|
|
0.04 |
|
|
|
0.58 |
|
|
Net income (loss), diluted |
|
$ |
(0.05 |
) |
|
$ |
0.68 |
|
|
$ |
0.04 |
|
|
$ |
0.58 |
|
|