Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data

v3.3.1.900
Quarterly Financial Data
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data  
Quarterly Financial Data

16. QUARTERLY FINANCIAL DATA (UNAUDITED)

 

The following tables set forth our quarterly results for each quarter of the years ending December 31, 2015 and 2014, in thousands (except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

Q1 (a)

 

Q2

 

Q3

 

Q4

 

Total Year

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

Q1 (a)

 

Q2 (a)

 

Q3 (a)

 

Q4 (a)

 

Total Year (a)

Net sales

 

$

333,579

    

$

382,794

    

$

397,647

    

$

398,057

    

$

1,512,077

Gross profit

 

 

65,578

 

 

84,941

 

 

88,384

 

 

92,765

 

 

331,668

Operating profit (loss)

 

 

(7,868)

 

 

10,220

 

 

13,783

 

 

24,582

 

 

40,717

Income (loss) from continuing operations

 

 

(8,085)

 

 

6,182

 

 

6,458

 

 

5,941

 

 

10,496

Loss from discontinued operations, net

 

 

(496)

 

 

(348)

 

 

(79)

 

 

(170)

 

 

(1,093)

Net income (loss)

 

$

(8,581)

 

$

5,834

 

$

6,379

 

$

5,771

 

$

9,403

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.21)

 

$

0.16

 

$

0.17

 

$

0.16

 

$

0.28

Loss from discontinued operations, net

 

 

(0.01)

 

 

(0.01)

 

 

 —

 

 

 —

 

 

(0.03)

Net income (loss)

 

$

(0.22)

 

$

0.15

 

$

0.17

 

$

0.16

 

$

0.25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(0.21)

 

$

0.16

 

$

0.17

 

$

0.16

 

$

0.28

Loss from discontinued operations, net

 

 

(0.01)

 

 

(0.01)

 

 

 —

 

 

 —

 

 

(0.03)

Net income (loss)

 

$

(0.22)

 

$

0.15

 

$

0.17

 

$

0.16

 

$

0.25

(a)

For comparative purposes, the computation of basic and diluted earnings per common share for prior year periods presented was calculated using the shares distributed at Separation.