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CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information
The following is a summary of the unaudited quarterly results of operations for fiscal years 2019, 2018 and 2017 (dollars in thousands, except per share amounts):
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2019
 
 
 
 
 
 
 
 
Net sales
 
$
533,174

 
$
626,053

 
$
580,908

 
$
579,001

Gross profit
 
$
68,690

 
$
87,650

 
$
77,735

 
$
72,307

Net income
 
$
14,780

 
$
30,960

 
$
25,460

 
$
18,375

Basic net income per share(1)
 
$
0.27

 
$
0.56

 
$
0.47

 
$
0.34

Diluted net income per share(1)
 
$
0.27

 
$
0.56

 
$
0.46

 
$
0.34

2018
 
 
 
 
 
 
 
 
Net sales
 
$
491,319

 
$
612,690

 
$
553,073

 
$
610,196

Gross profit
 
$
64,119

 
$
85,315

 
$
65,162

 
$
69,056

Net income
 
$
21,272

 
$
31,902

 
$
4,664

 
$
11,584

Basic net income per share(1)
 
$
0.37

 
$
0.55

 
$
0.08

 
$
0.21

Diluted net income per share(1)
 
$
0.35

 
$
0.54

 
$
0.08

 
$
0.21

2017
 
 
 
 
 
 
 
 
Net sales
 
$
362,716

 
$
435,903

 
$
425,098

 
$
543,444

Gross profit
 
$
59,357

 
$
67,679

 
$
60,963

 
$
72,876

Net income
 
$
20,173

 
$
22,945

 
$
18,947

 
$
49,357

Basic net income per share(1)
 
$
0.34

 
$
0.38

 
$
0.32

 
$
0.84

Diluted net income per share(1)
 
$
0.32

 
$
0.36

 
$
0.30

 
$
0.80

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(1) 
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.