| Quarterly Financial Information (Unaudited) |
19. Quarterly Financial Information (Unaudited)
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2017
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First
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Second
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Third
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Fourth
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Net sales
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$
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72,248
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$
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139,371
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$
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125,339
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$
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137,969
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Gross profit
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$
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17,187
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$
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45,033
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$
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36,055
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$
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44,811
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Income (loss) before taxes
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$
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(5,971)
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$
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22,354
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$
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15,081
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$
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21,451
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Net income (loss)
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$
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(3,277)
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$
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14,746
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$
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9,327
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$
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34,528
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Basic net earnings (loss) per common share attributable to common shareholders
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$
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(0.14)
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$
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0.64
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$
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0.41
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$
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1.51
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Earnings (loss) per common share assuming dilution attributable to common shareholders
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$
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(0.14)
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$
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0.64
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$
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0.40
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$
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1.50
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Dividends per share
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$
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0.24
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$
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0.24
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$
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0.24
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$
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0.24
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Results for the year ended December 31, 2016 include Dejana which was purchased on July 15, 2016. Additionally, the first quarter of 2016 includes the impact of litigation proceeds of $10,050.
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2016
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First
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Second
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Third
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Fourth
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Net sales
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$
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48,789
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$
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113,763
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$
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123,573
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$
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130,143
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Gross profit
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$
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14,131
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$
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41,521
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$
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36,644
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$
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41,678
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Income before taxes
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$
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8,606
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$
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25,551
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$
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11,873
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$
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17,666
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Net income
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$
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5,278
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$
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16,328
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$
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7,302
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$
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10,101
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Basic net earnings per common share attributable to common shareholders
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$
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0.23
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$
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0.72
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$
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0.32
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$
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0.44
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Earnings per common share assuming dilution attributable to common shareholders
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$
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0.23
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$
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0.71
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$
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0.32
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$
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0.44
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Dividends per share
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$
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0.24
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$
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0.24
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$
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0.24
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$
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0.24
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Due to changes in stock prices during the year and timing of issuance of shares, the sum of quarterly earnings per share may not equal the annual earnings per share.
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