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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2012
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Note 15, Selected Quarterly Financial Data (Unaudited):

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2012 and 2011 (in thousands, except per share data):


 
2012 Quarter Ended
 
 
March 31
 
 
June 30
 
 
September 30
 
 
December 31
 
Net sales
 
$
163,569
 
 
$
151,519
 
 
$
172,677
 
 
$
182,307
 
Gross profit
 
 
85,341
 
 
 
79,749
 
 
 
90,673
 
 
 
96,271
 
Credit service charges
 
 
76
 
 
 
71
 
 
 
69
 
 
 
77
 
Income before taxes
 
 
4,021
 
 
 
3,766
 
 
 
5,636
 
 
 
10,093
 
Net income
 
 
2,457
 
 
 
2,361
 
 
 
3,314
 
 
 
6,779
 
Basic net earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common
 
 
0.11
 
 
 
0.11
 
 
 
0.15
 
 
 
0.31
 
Class A Common
 
 
0.11
 
 
 
0.10
 
 
 
0.14
 
 
 
0.28
 
Diluted net earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common
 
 
0.11
 
 
 
0.11
 
 
 
0.15
 
 
 
0.30
 
Class A Common
 
 
0.11
 
 
 
0.10
 
 
 
0.14
 
 
 
0.29
 

 

 
2011 Quarter Ended
 
 
March 31
 
 
June 30
 
 
September 30
 
 
December 31
 
Net sales
 
$
154,171
 
 
$
143,094
 
 
$
155,379
 
 
$
168,259
 
Gross profit
 
 
78,951
 
 
 
73,406
 
 
 
80,438
 
 
 
87,921
 
Credit service charges
 
 
134
 
 
 
119
 
 
 
109
 
 
 
98
 
Income (loss) before taxes
 
 
(527
)
 
 
(1,018
)
 
 
87
 
 
 
6,061
 
Net income (loss)
 
 
(671
)
 
 
(942
)
 
 
118
 
 
 
16,958
 
Basic net earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common
 
 
(0.03
)
 
 
(0.04
)
 
 
0.01
 
 
 
0.78
 
Class A Common
 
 
(0.03
)
 
 
(0.04
)
 
 
0.01
 
 
 
0.74
 
Diluted net earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common
 
 
(0.03
)
 
 
(0.04
)
 
 
0.01
 
 
 
0.76
 
Class A Common
 
 
(0.03
)
 
 
(0.04
)
 
 
0.01
 
 
 
0.73
 

The fourth quarter of 2011 includes a benefit of $14.1 million, a $0.64 per share impact, to release reserves for the valuation allowance on deferred tax assets.
 
Because of rounding the amounts will not necessarily add to the totals computed for the year.  Also because of rounding and the use of the two class method in calculating per share data, the quarterly per share data will not necessarily add to the annual totals.