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Unaudited Quarterly Financial Data
12 Months Ended
Dec. 31, 2013
Unaudited Quarterly Financial Data [Abstract]  
Unaudited Quarterly Financial Data

13. Unaudited Quarterly Financial Data

 

The following is a summary of quarterly results of operations: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter ended

2013

 

December 31

 

September 30

 

June 30

 

March 31

Net sales

$

235,824 

$

233,511 

$

242,785 

$

235,710 

Gross profit

 

53,553 

 

53,519 

 

60,220 

 

58,729 

Operating income

 

6,882 

 

10,705 

 

11,825 

 

10,292 

Provision for income taxes

 

1,066 

 

1,016 

 

1,125 

 

1,019 

Net income

 

321 

 

5,513 

 

6,391 

 

4,283 

Net income attributable to noncontrolling interests

 

117 

 

466 

 

634 

 

160 

Net income attributable to Stoneridge, Inc.

 

204 

 

5,047 

 

5,757 

 

4,123 

Earnings per share attributable to Stoneridge, Inc.:

 

 

 

 

 

 

 

 

Basic (A)

 

0.01 

 

0.19 

 

0.22 

 

0.15 

Diluted (A)

 

0.01 

 

0.19 

 

0.21 

 

0.15 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter ended

2012

 

December 31

 

September 30

 

June 30

 

March 31

Net sales

$

222,725 

$

219,256 

$

234,265 

$

262,267 

Gross profit

 

54,609 

 

51,238 

 

53,659 

 

65,138 

Operating income

 

8,648 

 

6,615 

 

1,617 

 

11,849 

Provision (benefit) for income taxes

 

95 

 

383 

 

(884)

 

1,218 

Net income (loss)

 

2,711 

 

589 

 

(5,298)

 

5,746 

Net income (loss) attributable to noncontrolling interests

 

90 

 

170 

 

(1,740)

 

(133)

Net income (loss) attributable to Stoneridge, Inc.

 

2,621 

 

419 

 

(3,558)

 

5,879 

Earnings per share attributable to Stoneridge, Inc.:

 

 

 

 

 

 

 

 

Basic (A)

 

0.10 

 

0.02 

 

(0.13)

 

0.22 

Diluted (A)

 

0.10 

 

0.02 

 

(0.13)

 

0.22 

 

 

(A)

Earnings per share for the year may not equal the sum of the four historical quarters earnings per share due to changes in weighted-average basic and diluted shares outstanding.