SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2014

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Note 16, Selected Quarterly Financial Data (Unaudited):

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2014 and 2013 (in thousands, except per share data):

	2014 Quarter Ended
	March 31		June 30		September 30		December 31
Net sales	$	181,737	$	175,132	$	198,541	$	212,999
Gross profit		97,862		94,144		106,203		114,156
Credit service charges		81		71		72		75
Income before taxes		9,956		7,812		12,468		(4,978	)
Net income		6,129		4,829		7,824		(10,192	)
Basic net earnings (loss) per share:
Common		0.27		0.21		0.35		(0.45	)
Class A Common		0.26		0.20		0.33		(0.43	)
Diluted net earnings (loss) per share:
Common		0.27		0.21		0.34		(0.45	)
Class A Common		0.26		0.20		0.33		(0.43	)

The fourth quarter of 2014 includes expense of $21.6 million, a $0.90 per share impact, for the settlement of the defined benefit pension plan.

	2013 Quarter Ended
	March 31		June 30		September 30		December 31
Net sales	$	186,090	$	171,114	$	192,722	$	196,164
Gross profit		100,309		91,311		103,877		106,000
Credit service charges		86		76		78		79
Income before taxes		13,450		7,866		15,388		15,783
Net income		8,260		4,830		9,494		9,681
Basic net earnings per share:
Common		0.37		0.22		0.42		0.43
Class A Common		0.35		0.20		0.40		0.41
Diluted net earnings per share:
Common		0.36		0.21		0.42		0.42
Class A Common		0.34		0.20		0.40		0.41

The first quarter of 2013 includes a benefit of $0.8 million to gross profit, a $0.02 per share impact, for an out-of-period adjustment.

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.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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