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Interim Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Interim Financial Data (Unaudited) |
20. | INTERIM FINANCIAL DATA (Unaudited)
|  | Three Months Ended |
|  | December 31, 2019 |  |  | September 30, 2019 |  |  | June 30, 2019 |  |  | March 31, 2019 |  |  | December 31, 2018 |  |  | September 30, 2018 |  |  | June 30, 2018 |  |  | March 31, 2018 |
|  | (In thousands, except share and per share data) |
Net sales |  | $ | 164,772 |  |  | $ | 194,551 |  |  | $ | 206,453 |  |  | $ | 179,571 |  |  | $ | 139,971 |  |  | $ | 166,380 |  |  | $ | 206,692 |  |  | $ | 171,207 |
Gross profit |  | $ | 71,263 |  |  | $ | 82,431 |  |  | $ | 83,444 |  |  | $ | 69,365 |  |  | $ | 59,856 |  |  | $ | 67,210 |  |  | $ | 91,115 |  |  | $ | 76,713 |
Net income |  | $ | 35,497 |  |  | $ | 41,976 |  |  | $ | 35,710 |  |  | $ | 31,555 |  |  | $ | 25,171 |  |  | $ | 29,471 |  |  | $ | 42,820 |  |  | $ | 37,110 |
Basic earnings per common share |  | $ | 0.61 |  |  | $ | 0.72 |  |  | $ | 0.61 |  |  | $ | 0.54 |  |  | $ | 0.43 |  |  | $ | 0.50 |  |  | $ | 0.73 |  |  | $ | 0.63 |
Basic weighted average common shares outstanding |  |  | 58,295,717 |  |  |  | 58,400,060 |  |  |  | 58,486,192 |  |  |  | 58,543,478 |  |  |  | 58,603,537 |  |  |  | 58,741,973 |  |  |  | 58,760,753 |  |  |  | 58,855,156 |
Diluted earnings per common share |  | $ | 0.61 |  |  | $ | 0.72 |  |  | $ | 0.61 |  |  | $ | 0.54 |  |  | $ | 0.43 |  |  | $ | 0.50 |  |  | $ | 0.73 |  |  | $ | 0.63 |
Diluted weighted average common shares outstanding |  |  | 58,512,733 |  |  |  | 58,604,603 |  |  |  | 58,687,540 |  |  |  | 58,829,177 |  |  |  | 58,936,795 |  |  |  | 59,084,117 |  |  |  | 59,051,413 |  |  |  | 59,199,622 |
The operating results for Trex Residential 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 its products to a later period. The operating results for Trex Commercial have not historically varied from quarter to quarter as a result of seasonality; however, they are driven by the timing of individual projects, which may vary significantly each period. On May 2, 2018, the Board of Directors of the Company approved a two-for-one stock split of the Company’s common stock, par value $0.01. The stock split was in the form of a stock dividend distributed on June 18, 2018, to stockholders of record at the close of business on May 23, 2018. The stock split entitled each stockholder to receive one additional share of common stock, par value $0.01, for each share they held as of the record date. All common stock share and per share data for all periods presented have been retroactively adjusted to reflect the stock split.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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