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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract] |
Quarterly results (unaudited) | Quarterly results (unaudited) for the years ended December 31, 2013 and 2012 are summarized as follows (in thousands, except per share data):
|  |  |  |  |  |  |  |  |  |  |  |  |  | Total Year |
|  | Quarter Ended |  |  | Ended |
|  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |  |  | December 31, |
|  | 2013 |  |  | 2013 (c) |  |  | 2013 (c) |  |  | 2013 |  |  | 2013 (a) |
Net sales |  | $ | 63,028 |  |  | $ | 93,981 |  |  | $ | 101,164 |  |  | $ | 91,016 |  |  | $ | 349,189 |
Cost of sales |  |  | 53,932 |  |  |  | 78,724 |  |  |  | 81,136 |  |  |  | 73,160 |  |  |  | 286,952 |
Net (loss) earnings |  |  | (558 | ) |  |  | 1,689 |  |  |  | 7,380 |  |  |  | 7,397 |  |  |  | 15,908 |
(Loss) earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common share - basic and diluted |  | $ | (0.05 | ) |  | $ | 0.14 |  |  | $ | 0.62 |  |  | $ | 0.61 |  |  | $ | 1.32 |
Class B common share - basic and diluted |  | $ | (0.05 | ) |  | $ | 0.15 |  |  | $ | 0.65 |  |  | $ | 0.65 |  |  | $ | 1.41 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total Year |
|  | Quarter Ended |  |  | Ended |
|  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |  |  | December 31, |
|  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2012 (b) |  |  | 2012 (a) |
Net sales |  | $ | 65,561 |  |  | $ | 73,222 |  |  | $ | 76,059 |  |  | $ | 71,752 |  |  | $ | 286,594 |
Cost of sales |  |  | 55,136 |  |  |  | 61,081 |  |  |  | 63,472 |  |  |  | 60,426 |  |  |  | 240,115 |
Net earnings (loss) |  |  | 872 |  |  |  | 1,441 |  |  |  | 2,492 |  |  |  | (2,432 | ) |  |  | 2,373 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common share - basic and diluted |  | $ | 0.07 |  |  | $ | 0.11 |  |  | $ | 0.20 |  |  | $ | (0.21 | ) |  | $ | 0.17 |
Class B common share - basic and diluted |  | $ | 0.08 |  |  | $ | 0.12 |  |  | $ | 0.21 |  |  | $ | (0.21 | ) |  | $ | 0.21 |
(a) | Quarterly amounts of earnings per share may not agree to the total for the year due to rounding.
(b) | The net loss for the quarter ended December 31, 2012 includes $3.1 million of restructuring charges primarily related to severance charges and the writedown of assets associated with the closure of the Company’s Vinita, Oklahoma manufacturing facility.
(c) | The net earnings for the quarters ended June 30, 2013 and September 30, 2013 have been restated to include the effects of measurement period adjustments related to the acquisitions of TRP and Array. These measurement period adjustments reduced the previously-reported net earnings by $0.7 million and $0.5 million for the quarters ended June 30, 2013 and September 30, 2013, respectively, and primarily related to the step-up of inventory to fair value, and higher depreciation and amortization expense related to the appraised fair values of property, plant and equipment, and the various intangible assets as further described in Note 2.

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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=20225539&loc=d3e1280-108306 + Details
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