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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited) Selected quarterly financial data for 2019 and 2018 are as follows:
| Three Months Ended
| March(1) |  | June(2) |  | September(3) |  | December(4)
2019 |  |  |  |  |  |  |
Net sales | $ | 218,378 |  |  | $ | 238,263 |  |  | $ | 233,590 |  |  | $ | 264,865 |
Gross profit | 121,438 |  |  | 131,190 |  |  | 130,111 |  |  | 141,975 |
Net income | 1,021 |  |  | 5,695 |  |  | 6,970 |  |  | 14,933 |
EPS: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | .04 |  |  | $ | .20 |  |  | $ | .25 |  |  | $ | .53 |
Diluted | .04 |  |  | .19 |  |  | .23 |  |  | .49 |
| Three Months Ended
| March |  | June |  | September(5) |  | December(6)
2018 |  |  |  |  |  |  |
Net sales | $ | 202,064 |  |  | $ | 212,820 |  |  | $ | 202,307 |  |  | $ | 242,444 |
Gross profit | 109,557 |  |  | 116,271 |  |  | 110,627 |  |  | 132,655 |
Net income | 10,657 |  |  | 8,719 |  |  | 5,825 |  |  | 15,653 |
EPS: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | .38 |  |  | $ | .31 |  |  | $ | .21 |  |  | $ | .56 |
Diluted | .37 |  |  | .30 |  |  | .20 |  |  | .54 |
Items Included In Selected Quarterly Financial Data:
(1) | The first quarter of 2019 includes pre-tax business acquisition costs of $7.9 million and debt refinancing costs of $3.9 million.
(2) | The second quarter of 2019 includes pre-tax business acquisition costs of $3.0 million.
(3) | The third quarter of 2019 includes pre-tax business acquisition costs of $1.7 million and manufacturing consolidation costs of $1.4 million. In the third quarter of 2019, our average share price exceeded the conversion price of our 2.625% convertible notes due in 2024 (the "Notes") and we included 0.2 million shares assumed to be issued if the Notes were converted in our diluted share count for the computation of diluted earnings per share.
(4) | The fourth quarter of 2019 includes pre-tax business acquisition costs of $1.9 million and manufacturing consolidation costs of $1.4 million. In the fourth quarter of 2019, our average share price exceeded the conversion price of our 2.625% convertible notes due in 2024 (the "Notes") and we included 0.6 million shares assumed to be issued if the Notes were converted in our diluted share count for the computation of diluted earnings per share.
(5) | The third quarter of 2018 includes pre-tax business acquisition costs of $1.1 million and in-process research and development impairment charges of $4.2 million.
(6) The fourth quarter of 2018 includes pre-tax business acquisition costs of $1.3 million.

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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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