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Interim Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Interim Financial Data (Unaudited) |
19. | INTERIM FINANCIAL DATA (Unaudited)
|  | Three Months Ended |
|  | December 31, 2017 |  |  | September 30, 2017 |  |  | June 30, 2017 |  |  | March 31, 2017 |  |  | December 31, 2016 |  |  | September 30, 2016 |  |  | June 30, 2016 |  |  | March 31, 2016 |
|  | (In thousands, except share and per share data) |
Net sales |  | $ | 122,212 |  |  | $ | 140,194 |  |  | $ | 157,941 |  |  | $ | 144,806 |  |  | $ | 95,322 |  |  | $ | 106,168 |  |  | $ | 146,450 |  |  | $ | 131,676 |
Gross profit |  | $ | 50,906 |  |  | $ | 55,284 |  |  | $ | 72,014 |  |  | $ | 65,169 |  |  | $ | 38,113 |  |  | $ | 29,945 |  |  | $ | 61,410 |  |  | $ | 57,627 |
Net income |  | $ | 18,299 |  |  | $ | 20,098 |  |  | $ | 28,782 |  |  | $ | 27,949 |  |  | $ | 12,629 |  |  | $ | 7,787 |  |  | $ | 23,725 |  |  | $ | 23,706 |
Basic net income per share |  | $ | 0.62 |  |  | $ | 0.68 |  |  | $ | 0.98 |  |  | $ | 0.95 |  |  | $ | 0.43 |  |  | $ | 0.27 |  |  | $ | 0.81 |  |  | $ | 0.80 |
Basic weighted average common shares outstanding |  |  | 29,412,848 |  |  |  | 29,404,049 |  |  |  | 29,389,458 |  |  |  | 29,363,210 |  |  |  | 29,318,915 |  |  |  | 29,295,284 |  |  |  | 29,264,362 |  |  |  | 29,697,722 |
Diluted net income per share |  | $ | 0.62 |  |  | $ | 0.68 |  |  | $ | 0.97 |  |  | $ | 0.95 |  |  | $ | 0.43 |  |  | $ | 0.26 |  |  | $ | 0.80 |  |  | $ | 0.79 |
Diluted weighted average common shares outstanding |  |  | 29,611,129 |  |  |  | 29,578,216 |  |  |  | 29,550,418 |  |  |  | 29,561,406 |  |  |  | 29,543,842 |  |  |  | 29,516,718 |  |  |  | 29,477,870 |  |  |  | 29,910,292 |
The Company’s operating results have historically varied from quarter to quarter. Seasonal, erratic or prolonged adverse weather conditions in certain geographic regions reduce the level of home improvement and construction activity and can shift demand for Trex products to a later period. The Tax Cuts and Jobs Act (Act) was enacted on December 22, 2017. Accordingly, the Company has recognized the tax effects of the Act in its consolidated financial statements and related notes as of and for the year ended December 31, 2017. Deferred tax assets that existed as of the enactment date and that are expected to reverse after the Act’s effective date of January 1, 2018 have been adjusted to reflect the new Federal statutory tax rate of 21%. The effect of the change in tax rate on the deferred tax assets and deferred tax liabilities resulted in a tax benefit of $1.9 million for the year ended December 31, 2017.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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