XML 25 R37.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Schedule of selected quarterly financial data | The following table sets forth selected quarterly financial data for each of the quarters in 2014 and 2013: (in thousands, except per share amounts)
| 2014 |  | 2013
| Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter |  | Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter
Net sales | $ | 166,630 |  |  | $ | 209,320 |  |  | $ | 207,893 |  |  | $ | 168,305 |  |  | $ | 160,074 |  |  | $ | 195,619 |  |  | $ | 195,348 |  |  | $ | 154,281 |
Cost of sales | 93,833 |  |  | 113,767 |  |  | 111,993 |  |  | 90,525 |  |  | 90,330 |  |  | 105,724 |  |  | 106,176 |  |  | 89,561 |
Gross profit | 72,797 |  |  | 95,553 |  |  | 95,900 |  |  | 77,780 |  |  | 69,744 |  |  | 89,895 |  |  | 89,172 |  |  | 64,720 |
Research and development and other engineering | 9,513 |  |  | 9,711 |  |  | 10,094 |  |  | 9,700 |  |  | 9,825 |  |  | 9,226 |  |  | 9,484 |  |  | 8,308 |
Selling | 22,407 |  |  | 23,592 |  |  | 24,213 |  |  | 21,819 |  |  | 21,449 |  |  | 20,630 |  |  | 21,652 |  |  | 21,371 |
General and administrative | 25,508 |  |  | 29,557 |  |  | 29,494 |  |  | 26,941 |  |  | 25,164 |  |  | 28,523 |  |  | 28,347 |  |  | 26,036 |
Impairment of goodwill | 38 |  |  | 492 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss (gain) on sale of assets | 11 |  |  | (17 | ) |  | (34 | ) |  | (285 | ) |  | 1,404 |  |  | 631 |  |  | 11 |  |  | (8 | )
Income (loss) from operations | 15,320 |  |  | 32,218 |  |  | 32,133 |  |  | 19,605 |  |  | 11,902 |  |  | 30,885 |  |  | 29,678 |  |  | 9,013 |
Interest income (expense), net | 2 |  |  | (27 | ) |  | (15 | ) |  | 86 |  |  | 56 |  |  | (9 | ) |  | 1 |  |  | 38 |
Income (loss) before income taxes | 15,322 |  |  | 32,191 |  |  | 32,118 |  |  | 19,691 |  |  | 11,958 |  |  | 30,876 |  |  | 29,679 |  |  | 9,051 |
Provision for (benefit from) income taxes | 4,942 |  |  | 11,577 |  |  | 11,667 |  |  | 7,605 |  |  | 4,290 |  |  | 10,870 |  |  | 11,177 |  |  | 4,256 |
Net income | $ | 10,380 |  |  | $ | 20,614 |  |  | $ | 20,451 |  |  | $ | 12,086 |  |  | $ | 7,668 |  |  | $ | 20,006 |  |  | $ | 18,502 |  |  | $ | 4,795 |
Earnings per common share: |  |  |  |  |  |  |  |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.21 |  |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 0.25 |  |  | $ | 0.16 |  |  | $ | 0.41 |  |  | $ | 0.38 |  |  | $ | 0.10 |
Diluted | 0.21 |  |  | 0.42 |  |  | 0.42 |  |  | 0.25 |  |  | 0.16 |  |  | 0.41 |  |  | 0.38 |  |  | 0.10 |
Cash dividends declared per common share | $ | 0.140 |  |  | $ | 0.140 |  |  | $ | 0.140 |  |  | $ | 0.125 |  |  | $ | 0.125 |  |  | $ | 0.125 |  |  | $ | 0.125 |  |  | $ | — |

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration