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QUARTERLY FINANCIAL INFORMATION (unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL INFORMATION (unaudited) | QUARTERLY FINANCIAL INFORMATION (unaudited) Summarized quarterly financial information for the years ended December 31, 2020, 2019 and 2018 is as follows (in millions, except per share data): As reported :
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2020 |  |  |  |  |  |  |
Sales | $ | 301.0 |  |  | $ | 251.4 |  |  | $ | 220.2 |  |  | $ | 232.7 |
Gross profit | 84.0 |  |  | 70.0 |  |  | 61.3 |  |  | 64.3 |
Net income | 5.7 |  |  | 2.1 |  |  | (34.7) |  |  | (2.0) |
Net income attributable to DXP Enterprises, Inc. | 5.7 |  |  | 2.1 |  |  | (34.7) |  |  | (1.9) |
Earnings per share - basic | 0.31 |  |  | 0.12 |  |  | (1.95) |  |  | (0.11) |
Earnings per share - diluted | $ | 0.31 |  |  | $ | 0.12 |  |  | $ | (1.95) |  |  | $ | (0.11) |
2019 |  |  |  |  |  |  |
Sales | $ | 311.2 |  |  | $ | 333.3 |  |  | $ | 327.2 |  |  | $ | 295.5 |
Gross profit | 84.2 |  |  | 92.0 |  |  | 92.7 |  |  | 78.3 |
Net income | 7.3 |  |  | 13.4 |  |  | 13.2 |  |  | 2.1 |
Net income attributable to DXP Enterprises, Inc. | 7.3 |  |  | 13.4 |  |  | 13.1 |  |  | 2.2 |
Earnings per share - basic | 0.41 |  |  | 0.76 |  |  | 0.74 |  |  | 0.12 |
Earnings per share - diluted | $ | 0.40 |  |  | $ | 0.73 |  |  | $ | 0.71 |  |  | $ | 0.12 |
2018 |  |  |  |  |  |  |
Sales | $ | 285.9 |  |  | $ | 311.2 |  |  | $ | 308.0 |  |  | $ | 311.0 |
Gross profit | 76.4 |  |  | 85.1 |  |  | 84.1 |  |  | 86.6 |
Net income | 4.5 |  |  | 11.6 |  |  | 8.4 |  |  | 11.1 |
Net income attributable to DXP Enterprises, Inc. | 4.6 |  |  | 11.6 |  |  | 8.4 |  |  | 11.1 |
Earnings per share - basic | 0.26 |  |  | 0.66 |  |  | 0.48 |  |  | 0.63 |
Earnings per share - diluted | $ | 0.25 |  |  | $ | 0.63 |  |  | $ | 0.46 |  |  | $ | 0.60 |
As restated :
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2020 |  |  |  |  |  |  |
Sales | $ | 301.0 |  |  | $ | 251.4 |  |  | $ | 220.2 |  |  | $ | 232.7 |
Gross profit | 83.1 |  |  | 70.1 |  |  | 61.4 |  |  | 62.6 |
Net income | 6.0 |  |  | 2.4 |  |  | (34.8) |  |  | (3.2) |
Net income attributable to DXP Enterprises, Inc. | 6.0 |  |  | 2.4 |  |  | (34.7) |  |  | (3.0) |
Earnings per share - basic | 0.34 |  |  | 0.14 |  |  | (1.95) |  |  | (0.18) |
Earnings per share - diluted | $ | 0.32 |  |  | $ | 0.13 |  |  | $ | (1.95) |  |  | $ | (0.18) |
2019 |  |  |  |  |  |  |
Sales | $ | 311.2 |  |  | $ | 333.3 |  |  | $ | 327.2 |  |  | $ | 293.2 |
Gross profit | 86.0 |  |  | 92.8 |  |  | 93.5 |  |  | 77.5 |
Net income | 7.6 |  |  | 14.0 |  |  | 13.8 |  |  | 1.3 |
Net income attributable to DXP Enterprises, Inc. | 7.7 |  |  | 14.0 |  |  | 13.7 |  |  | 1.6 |
Earnings per share - basic | 0.44 |  |  | 0.80 |  |  | 0.78 |  |  | 0.09 |
Earnings per share - diluted | $ | 0.42 |  |  | $ | 0.76 |  |  | $ | 0.74 |  |  | $ | 0.08 |
2018 |  |  |  |  |  |  |
Sales | $ | 285.9 |  |  | $ | 311.2 |  |  | $ | 308.0 |  |  | $ | 313.6 |
Gross profit | 77.4 |  |  | 85.6 |  |  | 84.7 |  |  | 88.2 |
Net income | 5.2 |  |  | 11.9 |  |  | 8.8 |  |  | 12.3 |
Net income attributable to DXP Enterprises, Inc. | 5.2 |  |  | 11.9 |  |  | 8.8 |  |  | 12.4 |
Earnings per share - basic | 0.30 |  |  | 0.68 |  |  | 0.50 |  |  | 0.70 |
Earnings per share - diluted | $ | 0.29 |  |  | $ | 0.65 |  |  | $ | 0.48 |  |  | $ | 0.67 |
The sum of the individual quarterly earnings per share amounts may not agree with year-to-date earnings per share as each quarter’s computation is based on the weighted average number of shares outstanding during the quarter, the weighted average stock price during the quarter and the dilutive effects of the stock options and restricted stock in each quarter.

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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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