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Unaudited Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2016
Unaudited Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information

The following is a summary of quarterly results of operations: 





 

 

 

 

 

 

 

 



 

 

 

 

 

 

Quarter ended

2016

 

December 31

 

September 30

 

June 30

 

March 31

Net sales

$

 172,612 

$

 173,846 

$

 186,903 

$

 162,616 

Gross profit

 

 47,779 

 

 49,748 

 

 52,751 

 

 45,161 

Operating income

 

 10,170 

 

 11,780 

 

 13,626 

 

 8,506 

Income tax expense (benefit) from continuing operations(B)

 

 (39,503)

 

 919 

 

 1,350 

 

 845 

Income from continuing operations

 

 48,489 

 

 9,981 

 

 10,995 

 

 6,109 

Net income

 

 48,489 

 

 9,981 

 

 10,995 

 

 6,109 

Net income (loss) attributable to noncontrolling interests

 

 122 

 

 (303)

 

 (576)

 

 (1,130)

Net income attributable to Stoneridge, Inc.

 

 48,367 

 

 10,284 

 

 11,571 

 

 7,239 

Earnings per share from continuing operations

 

 

 

 

 

 

 

 

attributable to Stoneridge, Inc.:

 

 

 

 

 

 

 

 

Basic (A)

$

 1.74 

$

 0.37 

$

 0.42 

$

 0.26 

Diluted (A)

$

 1.70 

$

 0.36 

$

 0.41 

$

 0.26 

Earnings per share attributable to Stoneridge, Inc.:

 

 

 

 

 

 

 

 

Basic (A)

$

 1.74 

$

 0.37 

$

 0.42 

$

 0.26 

Diluted (A)

$

 1.70 

$

 0.36 

$

 0.41 

$

 0.26 



 

 

 

 

 

 

 

 



 

 

 

 

 

 

Quarter ended

2015

 

December 31

 

September 30

 

June 30

 

March 31

Net sales

$

 154,641 

$

 162,057 

$

 165,289 

$

 162,825 

Gross profit

 

 42,239 

 

 45,145 

 

 45,946 

 

 43,648 

Operating income

 

 8,327 

 

 8,947 

 

 7,415 

 

 3,126 

Income tax expense (benefit) from continuing operations

 

 (345)

 

 32 

 

 (381)

 

 147 

Income from continuing operations

 

 4,935 

 

 7,411 

 

 6,328 

 

 2,103 

Income (loss) from discontinued operations (C)

 

 16 

 

 (113)

 

 55 

 

 (168)

Net income

 

 4,951 

 

 7,298 

 

 6,383 

 

 1,935 

Net loss attributable to noncontrolling interests

 

 (1,133)

 

 (69)

 

 (596)

 

 (409)

Net income attributable to Stoneridge, Inc.

 

 6,084 

 

 7,367 

 

 6,979 

 

 2,344 

Earnings per share from continuing operations

 

 

 

 

 

 

 

 

attributable to Stoneridge, Inc.:

 

 

 

 

 

 

 

 

Basic (A)

$

 0.22 

$

 0.27 

$

 0.26 

$

 0.10 

Diluted (A)

$

 0.22 

$

 0.27 

$

 0.25 

$

 0.09 

Earnings (loss) per share attributable to discontinued

 

 

 

 

 

 

 

operations:

 

 

 

 

 

 

 

 

Basic (A)

$

 0.00 

$

 (0.01)

$

 0.00 

$

 (0.01)

Diluted (A)

$

 0.00 

$

 (0.01)

$

 0.00 

$

 (0.01)

Earnings per share attributable to Stoneridge, Inc.:

 

 

 

 

 

 

 

 

Basic (A)

$

 0.22 

$

 0.26 

$

 0.26 

$

 0.09 

Diluted (A)

$

 0.22 

$

 0.26 

$

 0.25 

$

 0.08 



(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. 



(B)

The Company recorded the release of a valuation allowance associated with its U.S. federal, certain state and foreign deferred tax assets for the year ended December 31, 2016.



 A gain (loss) on disposal of the Wiring business was recorded for the quarters ended March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 for $(168),  $55,  $(113) and $16, respectively