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Selected Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data | SELECTED QUARTERLY FINANCIAL DATA Tredegar Corporation and Subsidiaries (In Thousands, Except Per-Share Amounts) (Unaudited)
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
For the year ended December 31, 2018 |  |  |  |  |  |  |
Sales | $ | 258,711 |  |  | $ | 263,759 |  |  | $ | 267,294 |  |  | $ | 275,707 |
Gross profit | 46,732 |  |  | 44,652 |  |  | 40,478 |  |  | 47,826 |
Net income (loss) | $ | 18,165 |  |  | $ | 14,722 |  |  | $ | (34,201 | ) |  | $ | 26,157 |
Earnings (loss) per share: |  |  |  |  |  |  |
Basic | $ | 0.55 |  |  | $ | 0.45 |  |  | $ | (1.03 | ) |  | $ | 0.79 |
Diluted | $ | 0.55 |  |  | $ | 0.44 |  |  | $ | (1.03 | ) |  | $ | 0.79 |
Shares used to compute earnings (loss) per share: |  |  |  |  |  |  |
Basic | 32,982 |  |  | 33,074 |  |  | 33,110 |  |  | 33,103 |
Diluted | 32,988 |  |  | 33,108 |  |  | 33,110 |  |  | 33,112 |
For the year ended December 31, 2017 |  |  |  |  |  |  |
Sales | $ | 221,026 |  |  | $ | 247,347 |  |  | $ | 247,121 |  |  | $ | 245,836 |
Gross profit | 32,959 |  |  | 44,149 |  |  | 43,992 |  |  | 38,998 |
Net income | $ | 3,703 |  |  | $ | 44,204 |  |  | $ | 8,274 |  |  | $ | (17,929 | )
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.11 |  |  | $ | 1.34 |  |  | $ | 0.25 |  |  | $ | (0.54 | )
Diluted | $ | 0.11 |  |  | $ | 1.34 |  |  | $ | 0.25 |  |  | $ | (0.54 | )
Shares used to compute earnings per share: |  |  |  |  |  |  |
Basic | 32,920 |  |  | 32,961 |  |  | 32,954 |  |  | 32,948 |
Diluted | 32,957 |  |  | 33,051 |  |  | 32,954 |  |  | 32,949 |
The 2017 Gross profit amounts have changed from the amounts disclosed in the prior year due to the retrospective adoption of ASU 2017-07, which resulted in the separate presentation of “Pension and postretirement benefits” expense in the consolidated statements of income. Historically the Company had reported a portion of its pension and postretirement benefit expenses in cost of goods sold, a component used in the calculation of Gross profit.

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- References No definition available. + Details
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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