XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Quarterly Results (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results (Unaudited) | Quarterly Results (Unaudited) The following is a summary of the quarterly results of operations for the years ending December 31, 2016 and 2015:
| Quarter
| First |  | Second |  | Third |  | Fourth
| (in thousands, except per share data)
2016 |  |  |  |  |  |  |
Net sales | $ | 85,422 |  |  | $ | 102,319 |  |  | $ | 104,568 |  |  | $ | 91,668 |
Gross profit | 25,731 |  |  | 32,747 |  |  | 33,092 |  |  | 26,510 |
Net income | 10,806 |  | (1) | 14,341 |  | (1) | 15,682 |  |  | 11,420 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.20 |  | (1) | $ | 0.27 |  | (1) | $ | 0.30 |  |  | $ | 0.22 |
Diluted | $ | 0.20 |  | (1) | $ | 0.27 |  | (1) | $ | 0.29 |  |  | $ | 0.21 |
2015 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 76,768 |  |  | $ | 90,275 |  |  | $ | 94,360 |  |  | $ | 97,229 |
Gross profit | 21,798 |  |  | 27,117 |  |  | 30,185 |  |  | 29,581 |
Net income | 8,399 |  |  | 11,130 |  |  | 13,251 |  |  | 12,948 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.16 |  |  | $ | 0.21 |  |  | $ | 0.24 |  |  | $ | 0.24 |
Diluted | $ | 0.15 |  |  | $ | 0.20 |  |  | $ | 0.24 |  |  | $ | 0.24 |
(1) As discussed in Notes 10 and 11, the Company early adopted ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, effective July 1, 2016. As a result, excess tax benefits and deficiencies are reported as an income tax benefit or expense on the statement of income rather than as a component of additional paid-in capital on the statement of equity. The ASU required the application of the modified retrospective transition method as of the beginning of the annual period in which the guidance was adopted. As a result, 2016 net income as reported above will be recast when we file our first and second quarters in 2017. Net income will increase by $0.8 million and $0.4 million, for the first and second quarters of 2016, respectively. Additionally, earnings per basic and diluted share will increase approximately $.01 and $.01, respectively, for each of the three months ended March 31, 2016 and June 30, 2016, respectively, versus what was reported above.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: 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=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration