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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results of Operations (Unaudited) | The following table presents our quarterly results of operations for the years ended December 31, 2014 and 2013:
| First |  | Second |  | Third |  | Fourth
| (Dollars in thousands, except per share data)
2014 (1) |  |  |  |  |  |  |
Net sales | $ | 855,846 |  |  | $ | 917,336 |  |  | $ | 1,228,444 |  |  | $ | 910,164 |
Gross profit | 128,007 |  |  | 143,707 |  |  | 205,614 |  |  | 122,502 |
Net income | 31,476 |  |  | 44,003 |  |  | 83,276 |  |  | 23,636 |
Basic net income per share (3) | $ | 0.50 |  |  | $ | 0.69 |  |  | $ | 1.31 |  |  | $ | 0.37 |
Diluted net income per share (3) | 0.49 |  |  | 0.69 |  |  | 1.31 |  |  | 0.37 |
Dividends per share | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.15 |
2013 (2) |  |  |  |  |  |  |
Net sales | $ | 795,741 |  |  | $ | 880,029 |  |  | $ | 1,167,921 |  |  | $ | 864,827 |
Gross profit | 111,273 |  |  | 128,160 |  |  | 187,825 |  |  | 119,984 |
Net income | 25,433 |  |  | 59,529 |  |  | 77,175 |  |  | 23,276 |
Basic net income per share (3) | $ | 0.38 |  |  | $ | 0.93 |  |  | $ | 1.22 |  |  | $ | 0.37 |
Diluted net income per share (3) | 0.38 |  |  | 0.93 |  |  | 1.21 |  |  | 0.36 |
Dividends per share | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | 0.14 |
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(1) | The first, second, third and fourth quarters of 2014 include rationalization charges of $1.6 million, $0.9 million, $2.5 million and $9.5 million, respectively, and (loss) income from operations in Venezuela of $(0.5) million, $(2.9) million, $0.8 million and $(0.5) million, respectively. The first quarter of 2014 includes a loss on early extinguishment of debt of $1.5 million. The first and third quarters of 2014 include costs attributable to announced acquisitions of $0.2 million and $0.3 million, respectively.
(2) | The first, second, third and fourth quarters of 2013 include rationalization charges of $1.4 million, $0.9 million, $1.3 million and $8.4 million, respectively, and (loss) income from operations in Venezuela of $(4.2) million, $(1.1) million, $0.1 million and $2.3 million, respectively. The loss from operations in Venezuela for the first quarter of 2013 includes a charge of $3.0 million for the remeasurement of net assets due to a currency devaluation. The first, third and fourth quarters of 2013 include costs attributable to announced acquisitions of $0.2 million, $1.0 million and $0.3 million, respectively. The first quarter of 2013 includes new plant start-up costs of $0.8 million.
(3) | Net income per share data is computed independently for each of the periods presented. Accordingly, the sum of the quarterly earnings per share amounts may not equal the total for the year.

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- 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
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