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CONSOLIDATED QUARTERLY FINANCIAL DATA (Tables) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Data [Abstract] |
Summary of the Unaudited Quarterly Results of Operations | The following is a summary of the unaudited quarterly results of operations for fiscal years 2014, 2013 and 2012 (dollars in thousands, except per share amounts):
|  | First |  | Second |  | Third |  | Fourth |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |
2014 |  |  |  |  |  |  |  |  |
Net sales |  | $ | 358,120 |  | $ | 486,021 |  | $ | 491,697 |  | $ | 527,477 |
Gross profit |  |  | 46,672 |  |  | 61,613 |  |  | 61,628 |  |  | 62,721 |
Net income |  |  | 7,296 |  |  | 16,239 |  |  | 18,307 |  |  | 19,088 |
Basic net income per share |  |  | 0.11 |  |  | 0.23 |  |  | 0.26 |  |  | 0.28 |
Diluted net income per share(3) |  |  | 0.10 |  |  | 0.23 |  |  | 0.25 |  |  | 0.27 |
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 |
| (1) | Net income includes pre-tax charges of $0.6 million, $0.2 million and less than $0.1 million for the first, second and third quarters of 2013, respectively, and $1.7 million, $13.6 million, $2.4 million and $0.5 million for the first, second, third and fourth quarters of 2012, 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 Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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=35737889&loc=d3e1280-108306 + Details
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