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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information (Unaudited) [Abstract] |
Quarterly Financial Information (Unaudited) | Note 21. Quarterly Financial Information (Unaudited) As more fully described in Note 3 of the Notes to the Consolidated Financial Statements, “Acquisitions” the Company acquired Ball Winch, LLC on November 7, 2013 and the results of this subsidiary’s operations are included from the acquisition date through December 31, 2013. As more fully described in Note 4 of the Notes to the Consolidated Financial Statements, “Discontinued Operations,” the Company sold its SSD and Precise businesses in June 2012 and August 2012, respectively. The operations of these divisions qualified as a “component of an entity” under FASB ASC 205-20 and thus, the operations are classified as discontinued. Quarterly financial information for the years ended December 31, 2013 and 2012 is presented below:
|  | 2013
|  | First |  | Second |  | Third |  | Fourth |  |
|  | Quarter |  | Quarter |  | Quarter |  | Quarter |  | Total
Net sales | $ | 129,321 | $ | 149,936 | $ | 162,248 | $ | 156,458 | $ | 597,963
Gross profit | $ | 24,848 | $ | 29,175 | $ | 31,305 | $ | 30,611 | $ | 115,939
Income from continuing operations | $ | 4,951 | $ | 7,257 | $ | 9,793 | $ | 7,275 | $ | 29,276
(Loss) income from discontinued operations | $ | (24) | $ | 38 | $ | - | $ | - | $ | 14
Net income | $ | 4,927 | $ | 7,295 | $ | 9,793 | $ | 7,275 | $ | 29,290
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |
From continuing operations | $ | 0.49 | $ | 0.71 | $ | 0.96 | $ | 0.71 | $ | 2.88
From discontinued operations | $ | (0.00) | $ | 0.00 | $ | - | $ | - | $ | (0.00)
Basic earnings per common share | $ | 0.49 | $ | 0.72 | $ | 0.96 | $ | 0.71 | $ | 2.88
Diluted earnings per common share: |  |  |  |  |  |  |  |  |  |
From continuing operations | $ | 0.48 | $ | 0.71 | $ | 0.95 | $ | 0.71 | $ | 2.85
From discontinued operations | $ | (0.00) | $ | 0.00 | $ | - | $ | - | $ | 0.00
Diluted earnings per common share | $ | 0.48 | $ | 0.71 | $ | 0.95 | $ | 0.71 | $ | 2.85
Dividends paid per common share | $ | 0.03 | $ | 0.03 | $ | 0.03 | $ | 0.03 | $ | 0.12
|  | 2012
|  | First |  | Second |  | Third |  | Fourth |  |
|  | Quarter |  | Quarter (1) |  | Quarter (2) |  | Quarter |  | Total
Net sales | $ | 114,291 | $ | 163,180 | $ | 170,346 | $ | 140,724 | $ | 588,541
Gross profit | $ | 21,652 | $ | 12,334 | $ | 30,713 | $ | 27,570 | $ | 92,269
Income from continuing operations | $ | 2,979 | $ | (3,321) | $ | 8,463 | $ | 6,643 | $ | 14,764
Income from discontinued operations | $ | 390 | $ | 1,250 | $ | (238) | $ | 22 | $ | 1,424
Net income | $ | 3,369 | $ | (2,071) | $ | 8,225 | $ | 6,665 | $ | 16,188
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |
From continuing operations | $ | 0.30 | $ | (0.33) | $ | 0.83 | $ | 0.65 | $ | 1.46
From discontinued operations | $ | 0.04 | $ | 0.12 | $ | (0.02) | $ | 0.00 | $ | 0.14
Basic earnings per common share | $ | 0.33 | $ | (0.20) | $ | 0.81 | $ | 0.66 | $ | 1.60
Diluted earnings per common share: |  |  |  |  |  |  |  |  |  |
From continuing operations | $ | 0.29 | $ | (0.33) | $ | 0.83 | $ | 0.65 | $ | 1.44
From discontinued operations | $ | 0.04 | $ | 0.12 | $ | (0.02) | $ | - | $ | 0.14
Diluted earnings per common share | $ | 0.32 | $ | (0.20) | $ | 0.81 | $ | 0.65 | $ | 1.58
Dividends paid per common share | $ | 0.025 | $ | 0.025 | $ | 0.025 | $ | 0.025 | $ | 0.10
(1) Includes a pre-tax gain of approximately $3,508 from the Company’s sale of SSD. (2) Includes a pre-tax loss of approximately $315 from the Company’s sale of Precise.

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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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