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Quarterly Financial Information (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations

The following table summarizes the Company’s results of operations for each of the quarters in 2019 and 2018:

 

 

 

Quarter ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

97,153

 

 

$

114,842

 

 

$

119,217

 

 

$

113,649

 

Gross profit

 

 

27,265

 

 

 

37,807

 

 

 

39,343

 

 

 

36,180

 

Income before income taxes

 

 

1,928

 

 

 

10,850

 

 

 

11,257

 

 

 

7,423

 

Net income

 

 

1,824

 

 

 

7,866

 

 

 

8,044

 

 

 

5,602

 

Net income attributable to Preformed Line Products Company Shareholders

 

 

1,824

 

 

 

7,904

 

 

 

7,951

 

 

 

5,624

 

Net income, basic

 

$

0.36

 

 

$

1.57

 

 

$

1.58

 

 

$

1.12

 

Net income, diluted

 

$

0.36

 

 

$

1.56

 

 

$

1.55

 

 

$

1.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

98,139

 

 

$

108,915

 

 

$

108,413

 

 

$

105,411

 

Gross profit

 

 

31,518

 

 

 

35,203

 

 

 

33,491

 

 

 

32,019

 

Income before income taxes

 

 

7,629

 

 

 

9,224

 

 

 

7,856

 

 

 

7,879

 

Net income

 

 

5,528

 

 

 

6,735

 

 

 

9,054

 

 

 

5,264

 

Net income, basic

 

$

1.10

 

 

$

1.34

 

 

$

1.80

 

 

$

1.05

 

Net income, diluted

 

$

1.09

 

 

$

1.33

 

 

$

1.76

 

 

$

1.02