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Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) |
NOTE 15: | QUARTERLY FINANCIAL DATA (UNAUDITED)
| Year Ended December 31, 2016(a) (b)
| Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter
Sales | $ | 85,005 |  |  | $ | 83,711 |  |  | $ | 82,174 |  |  | $ | 77,191 |
Less: excise tax | 3,860 |  |  | 3,820 |  |  | 1,782 |  |  | 356 |
Net sales | 81,145 |  |  | 79,891 |  |  | 80,392 |  |  | 76,835 |
Cost of sales | 63,560 |  |  | 64,770 |  |  | 64,861 |  |  | 59,789 |
Gross profit | 17,585 |  |  | 15,121 |  |  | 15,531 |  |  | 17,046 |
Selling, general and administrative expenses | 6,987 |  |  | 6,981 |  |  | 6,404 |  |  | 6,321 |
Other operating income, net | — |  |  | (3,385 | ) |  | — |  |  | — |
Operating income | 10,598 |  |  | 11,525 |  |  | 9,127 |  |  | 10,725 |
Equity in earnings (Note 3) | 1,776 |  |  | 664 |  |  | 1,079 |  |  | 517 |
Interest expense | (314 | ) |  | (341 | ) |  | (328 | ) |  | (311 | )
Income before income taxes | 12,060 |  |  | 11,848 |  |  | 9,878 |  |  | 10,931 |
Income tax expense (Note 6) | 3,775 |  |  | 2,316 |  |  | 3,570 |  |  | 3,872 |
Net income | $ | 8,285 |  |  | $ | 9,532 |  |  | $ | 6,308 |  |  | $ | 7,059 |
Basic and diluted EPS data | $ | 0.48 |  |  | $ | 0.55 |  |  | $ | 0.37 |  |  | $ | 0.41 |
Dividends per common share and per unit | $ | 0.02 |  |  | $ | 0.02 |  |  | $ | — |  |  | $ | 0.08 |
(a) | Net income was positively impacted during the third quarter of 2016 by other operating income, net, of $3,385 related to a legal settlement agreement and a gain on sale of long-lived assets and by a lower effective income tax rate related to the implementation of ASU No. 2016-09, Compensation—Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting.
(b) | Quarterly EPS amounts may not add to amounts for the year because quarterly and annual EPS calculations are performed separately.
| Year Ended December 31, 2015(a) (b)
| Fourth Quarter |  | Third Quarter |  | Second Quarter |  | First Quarter
Sales | $ | 85,072 |  |  | $ | 83,880 |  |  | $ | 92,071 |  |  | $ | 84,864 |
Less: excise tax | 3,563 |  |  | 3,552 |  |  | 6,717 |  |  | 4,451 |
Net sales | 81,509 |  |  | 80,328 |  |  | 85,354 |  |  | 80,413 |
Cost of sales | 65,754 |  |  | 68,466 |  |  | 67,826 |  |  | 67,025 |
Gross profit | 15,755 |  |  | 11,862 |  |  | 17,528 |  |  | 13,388 |
Selling, general and administrative expenses | 5,681 |  |  | 5,497 |  |  | 8,025 |  |  | 6,480 |
Operating income | 10,074 |  |  | 6,365 |  |  | 9,503 |  |  | 6,908 |
Equity in earnings (Note 3) | 92 |  |  | 1,562 |  |  | 3,096 |  |  | 1,352 |
Interest expense | (160 | ) |  | (114 | ) |  | (129 | ) |  | (131 | )
Income before income taxes | 10,006 |  |  | 7,813 |  |  | 12,470 |  |  | 8,129 |
Income tax expense (Note 6) | 3,527 |  |  | 1,042 |  |  | 4,599 |  |  | 3,059 |
Net income | $ | 6,479 |  |  | $ | 6,771 |  |  | $ | 7,871 |  |  | $ | 5,070 |
Basic and diluted EPS data | $ | 0.38 |  |  | $ | 0.38 |  |  | $ | 0.44 |  |  | $ | 0.28 |
Dividends per common share and per unit | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.06 |
(a) | Net income was positively impacted during the second quarter of 2015 by $460 as result of an insurance recovery.
(b) | Net income was positively impacted during the third and fourth quarters of 2015 by $1,908 and $477, respectively, as result of a release of the valuation allowance related to deferred tax assets,

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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