SUMMARY OF QUARTERLY OPERATIONS - UNAUDITED (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of the Company's unaudited summary of quarterly operations

The following tables presents our unaudited summary of quarterly operations during 2020 and 2019 for each of three month periods ended March 31, June 30, September 30, and December 31 (dollar amounts in thousands, except per share information).


	For the Quarter Ended
	March 31, 2020		June 30, 2020		September 30, 2020		December 31, 2020
Net sales	$	95,926	$	87,286	$	100,250	$	101,743
Cost of sales	(24,681)		(23,017)		(27,175)		(26,403)
Gross profit	71,245		64,269		73,075		75,340

Volume incentives	33,018		29,165		34,310		34,657
Selling, general and administrative	31,065		28,504		33,294		38,434
Operating income	7,162		6,600		5,471		2,249
Other income (expense)	(2,410)		1,509		671		1,569
Income before income taxes	4,752		8,109		6,142		3,818
Provision (benefit) for income taxes	1,746		1,976		(1,027)		(2,832)


Net income	3,006		6,133		7,169		6,650
Net income attributable to noncontrolling interests	44		379		414		784
Net income attributable to common shareholders	$	2,962	$	5,754	$	6,755	$	5,866

Basic and diluted net income per common share:




Basic earnings per share attributable to common shareholders:	$	0.15	$	0.30	$	0.35	$	0.30




Diluted earnings per share attributable to common shareholders:	$	0.15	$	0.29	$	0.34	$	0.29


	For the Quarter Ended
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019
Net sales	$	91,272	$	90,724	$	88,524	$	91,695
Cost of sales	(23,429)		(23,865)		(22,784)		(23,862)
Gross profit	67,843		66,859		65,740		67,833

Volume incentives	31,013		31,302		29,862		31,233
Selling, general and administrative	33,852		31,019		31,177		32,692
Operating income	2,978		4,538		4,701		3,908
Other income (expense), net	(48)		306		(1,243)		502
Income before income taxes	2,930		4,844		3,458		4,410
Provision for income taxes	1,201		2,215		2,107		3,190


Net income	1,729		2,629		1,351		1,220
Net income (loss) attributable to noncontrolling interests	(28)		(60)		34		218
Net income attributable to common shareholders	$	1,757	$	2,689	$	1,317	$	1,002

Basic and diluted net income per common share:




Basic earnings per share attributable to common shareholders:	$	0.09	$	0.14	$	0.07	$	0.05




Diluted earnings per share attributable to common shareholders:	$	0.09	$	0.14	$	0.07	$	0.05