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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | Q UARTERLY R ESULTS OF O PERATIONS (U NAUDITED) 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 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=6372559&loc=d3e765-108305 Reference 2: 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=6372559&loc=d3e725-108305 Reference 3: 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 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
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