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CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Data [Abstract] |
CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED) | 14. CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED) The following is a summary of the unaudited quarterly results of operations for fiscal years 2013, 2012 and 2011 (dollars in thousands, except per share amounts):
|  | First |  | Second |  | Third |  | Fourth |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 324,229 |  | $ | 413,126 |  | $ | 439,977 |  | $ | 458,354 |
Gross profit |  |  | 42,186 |  |  | 58,853 |  |  | 61,497 |  |  | 52,587 |
Net income(1) |  |  | 5,735 |  |  | 14,135 |  |  | 16,236 |  |  | 10,423 |
Basic net income per share |  |  | 0.08 |  |  | 0.20 |  |  | 0.24 |  |  | 0.15 |
Diluted net income per share(3) |  |  | 0.08 |  |  | 0.20 |  |  | 0.23 |  |  | 0.15 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 277,682 |  | $ | 362,408 |  | $ | 405,917 |  | $ | 415,847 |
Gross profit |  |  | 19,729 |  |  | 39,681 |  |  | 50,074 |  |  | 54,339 |
Net income(1)(2) |  |  | 5,064 |  |  | 1,942 |  |  | 18,441 |  |  | 80,184 |
Basic and diluted net income per share(3) |  |  | 0.07 |  |  | 0.03 |  |  | 0.27 |  |  | 1.16 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 221,984 |  | $ | 287,095 |  | $ | 336,433 |  | $ | 341,732 |
Gross profit |  |  | 16,501 |  |  | 16,240 |  |  | 13,320 |  |  | 20,659 |
Net income |  |  | 3,197 |  |  | 3,302 |  |  | 1,092 |  |  | 7,451 |
Basic and diluted net income per share(3) |  |  | 0.05 |  |  | 0.05 |  |  | 0.02 |  |  | 0.11 |
| (1) | Net income includes pre-tax charges of $1.7 million, $13.6 million, $2.4 million and $0.5 million for the first, second, third and fourth quarters of 2012, respectively, and $0.6 million, $0.2 million and less than $0.1 million for the first, second and third quarters of 2013, respectively, in connection with acquisition related charges associated with the Company’s acquisition of Walker as well as the purchase of certain assets of Beall.
| (2) | Net income for the fourth quarter of 2012 includes an income tax benefit of $59.0 million primarily related to the reversal of a U.S. valuation allowance against its deferred tax assets.
| (3) | Basic and diluted net income per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly net income per share may differ from annual net income per share due to rounding.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: 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=6372559&loc=d3e765-108305 Reference 2: 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=6372559&loc=d3e725-108305 Reference 3: 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=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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