Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data

v3.6.0.2
Quarterly Financial Data
12 Months Ended
Dec. 31, 2016
Quarterly Financial Data  
Quarterly Financial Data

15. QUARTERLY FINANCIAL DATA (UNAUDITED)

 

The following tables set forth our quarterly results for each quarter of the years ending December 31, 2016 and 2015, in thousands (except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total Year (a)

Net sales

 

$

414,024

 

$

431,589

 

$

453,102

 

$

444,135

    

$

1,742,850

Gross profit

 

 

89,455

 

 

97,688

 

 

108,139

 

 

105,062

 

 

400,344

Operating profit

 

 

19,767

 

 

26,790

 

 

39,101

 

 

35,944

 

 

121,604

Income from continuing operations

 

 

11,116

 

 

15,615

 

 

24,566

 

 

21,307

 

 

72,606

Net income

 

$

11,116

 

$

15,615

 

$

24,566

 

$

21,307

 

$

72,606

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.29

 

$

0.41

 

$

0.65

 

$

0.57

 

$

1.93

Net income

 

$

0.29

 

$

0.41

 

$

0.65

 

$

0.57

 

$

1.93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

0.29

 

$

0.41

 

$

0.65

 

$

0.57

 

$

1.92

Net income

 

$

0.29

 

$

0.41

 

$

0.65

 

$

0.57

 

$

1.92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

Q1 (b)

 

Q2

 

Q3

 

Q4

 

Total Year (a)

Net sales

 

$

358,460

    

$

403,761

    

$

427,888

    

$

426,471

    

$

1,616,580

Gross profit

 

 

73,816

 

 

85,690

 

 

94,002

 

 

104,521

 

 

358,029

Operating profit (loss)

 

 

(1,147)

 

 

11,490

 

 

30,191

 

 

42,997

 

 

83,531

Income (loss) from continuing operations

 

 

(3,800)

 

 

6,630

 

 

16,624

 

 

59,669

 

 

79,123

Income (loss) from discontinued operations, net

 

 

1

 

 

(235)

 

 

 —

 

 

82

 

 

(152)

Net income (loss)

 

$

(3,799)

 

$

6,395

 

$

16,624

 

$

59,751

 

$

78,971

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.10)

 

$

0.18

 

$

0.44

 

$

1.58

 

$

2.10

Loss from discontinued operations, net

 

 

 —

 

 

(0.01)

 

 

 —

 

 

 —

 

 

 —

Net income (loss)

 

$

(0.10)

 

$

0.17

 

$

0.44

 

$

1.58

 

$

2.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.10)

 

$

0.18

 

$

0.44

 

$

1.57

 

$

2.09

Loss from discontinued operations, net

 

 

 —

 

 

(0.01)

 

 

 —

 

 

 —

 

 

 —

Net income (loss)

 

$

(0.10)

 

$

0.17

 

$

0.44

 

$

1.57

 

$

2.09

(a)

Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.

(b)

For comparative purposes, the computation of basic and diluted earnings per common share for the first quarter of 2015 was calculated using the shares distributed at Separation.