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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited) Selected quarterly financial data for 2020 and 2019 are as follows:
| Three Months Ended
| March(1) |  | June(2) |  | September(3) |  | December(4)
2020 |  |  |  |  |  |  |
Net sales | $ | 214,010 |  |  | $ | 157,785 |  |  | $ | 237,835 |  |  | $ | 252,828 |
Gross profit | 119,159 |  |  | 71,929 |  |  | 133,698 |  |  | 135,514 |
Net income (loss) | 5,927 |  |  | (27,400) |  |  | 6,850 |  |  | 24,140 |
EPS: |  |  |  |  |  |  |
Basic | $ | 0.21 |  |  | $ | (0.96) |  |  | $ | 0.24 |  |  | $ | 0.84 |
Diluted | 0.20 |  |  | $ | (0.96) |  |  | $ | 0.23 |  |  | $ | 0.81 |
| Three Months Ended
| March(5) |  | June(6) |  | September(7) |  | December(8)
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 | $ | 0.04 |  |  | $ | 0.20 |  |  | $ | 0.25 |  |  | $ | 0.53 |
Diluted | $ | 0.04 |  |  | $ | 0.19 |  |  | $ | 0.23 |  |  | $ | 0.49 |
The data in the above schedules has been intentionally rounded, and therefore, the quarterly amounts may not sum to the fiscal year to date amounts. Items Included In Selected Quarterly Financial Data: (1)The first quarter of 2020 includes pre-tax manufacturing consolidation costs of $1.8 million and acquisition and integration costs of $1.6 million. (2)The second quarter of 2020 includes pre-tax plant underutilization costs of $6.6 million, product rationalization costs of $4.3 million, restructuring and related costs of $3.2 million, manufacturing consolidation costs of $1.6 million and acquisition and integration costs of $1.1 million. (3)The third quarter of 2020 includes pre-tax restructuring and related costs of $1.0 million, acquisition and integration costs of $0.8 million and manufacturing consolidation costs of $0.6 million. (4)The fourth quarter of 2020 includes pre-tax restructuring and related costs of $1.6 million and acquisition and integration costs of $0.6 million. In the fourth quarter of 2020, 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. (5)The first quarter of 2019 includes pre-tax business acquisition costs of $7.9 million and debt refinancing costs of $3.9 million. (6)The second quarter of 2019 includes pre-tax acquisition and integration costs of $3.0 million. (7)The third quarter of 2019 includes pre-tax acquisition and integration 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 conversation 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. (8)The fourth quarter of 2019 includes pre-tax acquisition and integration costs of $1.9 million and manufacturing consolidation costs of $1.4 million. In the fourth quarter of 2020, 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.

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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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