CONSOLIDATED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Quarterly Financial Information

The following is a summary of the unaudited quarterly results of operations for fiscal years 2020, 2019, and 2018 (dollars in thousands, except per share amounts):


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2020
Net sales	$	387,074	$	339,153	$	351,584	$	404,078
Gross profit	$	36,743	$	34,321	$	43,194	$	45,496
Net (loss) income	$	(106,647)	$	(146)	$	3,887	$	5,494
Basic net (loss) income per share(1)	$	(2.01)	$	—	$	0.07	$	0.10
Diluted net (loss) income per share(1)	$	(2.01)	$	—	$	0.07	$	0.10
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

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(1)Basic and diluted net (loss) income per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly net (loss) income per share may differ from annual net (loss) income per share due to rounding.