Unaudited Quarterly Financial Data

12 Months Ended

Dec. 31, 2018

Unaudited Quarterly Financial Data [Abstract]

16. Unaudited Quarterly Financial Data

The following is a summary of quarterly results of operations:


							Quarter ended
2018	December 31		September 30		June 30		March 31
Net sales	$	210,814	$	208,853	$	220,602	$	225,930
Gross profit		57,959		63,285		67,418		67,969
Operating income		12,664		18,312		19,181		16,847
Income tax expense		690		3,467		3,820		3,233
Net income		12,056		13,292		15,120		13,380
Earnings per share attributable to Stoneridge, Inc.:
Basic (A)	$	0.42	$	0.47	$	0.53	$	0.47
Diluted (A)	$	0.42	$	0.46	$	0.52	$	0.46


							Quarter ended
2017	December 31		September 30		June 30		March 31
Net sales	$	207,440	$	203,582	$	209,111	$	204,311
Gross profit		61,026		62,549		63,414		61,151
Operating income		13,234		13,296		15,676		15,164
Income tax (benefit) expense (B)		(6,036)		3,809		5,189		4,571
Net income		18,908		8,049		8,919		9,173
Net loss attributable to noncontrolling interests		-		-		(100)		(30)
Net income attributable to Stoneridge, Inc.		18,908		8,049		9,019		9,203
Earnings per share attributable to Stoneridge, Inc.:
Basic (A)	$	0.67	$	0.29	$	0.32	$	0.33
Diluted (A)	$	0.65	$	0.28	$	0.32	$	0.32

(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 impact of the Tax Legislation was an increase in tax expense of $6,200 due to the one-time deemed repatriation tax, offset by the favorable impacts of the reduced tax rate on the Company’s net deferred tax liabilities and other deferred tax adjustments of $(15,300) million related to certain earnings included in the one-time transition tax.