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Interim Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Interim Financial Data (Unaudited)
15. INTERIM FINANCIAL DATA (Unaudited)

 

    Three Months Ended  
    December 31,
2015
    September 30,
2015
    June 30,
2015
    March 31,
2015
    December 31,
2014
    September 30,
2014
    June 30,
2014
    March 31,
2014
 
    (In thousands, except share and per share data)  

Net sales

    89,202        94,023        136,779        120,800        74,202        95,502        121,311        100,645   

Gross profit

    31,955        22,143        52,524        48,247        26,635        30,369        45,026        38,167   

Net income

    8,086        3,744        18,715        17,553        5,153        8,913        15,161        12,295   

Basic net income per share

  $ 0.26      $ 0.12      $ 0.59      $ 0.55      $ 0.16      $ 0.28      $ 0.46      $ 0.37   

Basic weighted average common shares outstanding

    30,766,943        31,227,643        31,735,333        31,683,672        31,641,963        31,606,264        32,898,288        33,128,676   

Diluted net income per share

  $ 0.26      $ 0.12      $ 0.58      $ 0.55      $ 0.16      $ 0.28      $ 0.46      $ 0.37   

Diluted weighted average common shares outstanding

    30,966,682        31,537,010        32,142,939        32,094,828        32,085,210        32,008,781        33,307,463        33,599,438   

The Company’s net sales, gross profit and income from operations have historically varied from quarter to quarter. Such variations are often attributable to seasonal trends in the demand for Trex products. The Company has historically experienced lower net sales during the fourth quarter because holidays and adverse weather conditions in certain regions reduce the level of home improvement and construction activity.