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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Data (Unaudited)
Note 20—Selected Quarterly Financial Data (Unaudited)
 
Selected unaudited quarterly financial data for the years 2014 and 2015 are summarized below. The Company has derived this data from the unaudited consolidated interim financial statements that, in the Company's opinion, have been prepared on substantially the same basis as the audited financial statements contained elsewhere in this report and include all normal recurring adjustments necessary for a fair presentation of the financial information for the periods presented. These unaudited quaterly results should be read in conjunction with the financial statements and notes thereto included elsewhere in this report. The operating results in any quarter are not necessarily indicative of the results that may be expected for any future period.

   
2014
  
2015
   
First
  
Second
  
Third
  
Fourth
  
First
  
Second
  
Third
  
Fourth
   
Quarter
  
Quarter
  
Quarter
  
Quarter
  
Quarter
  
Quarter
  
Quarter
  
Quarter
   
(in thousands, except per share data)
  
Net sales
  
$
82,510
    
$
124,172
    
$
349,362
    
$
254,016
    
$
114,201
    
$
131,106
    
$
337,027
    
$
163,407
  
Gross profit
  
$
23,555
    
$
37,818
    
$
94,737
    
$
79,697
    
$
35,378
    
$
39,287
    
$
104,329
    
$
49,575
  
Income (loss) from operations
  
$
(14,924
)
  
$
(4,819
)
  
$
43,812
    
$
7,258
    
$
(4,199
)
  
$
(3,008
)
  
$
44,628
    
$
(6,891
)
Income (loss) before provision
(benefit) for income taxes
  
$
(16,789
)
  
$
(7,772
)
  
$
45,807
    
$
3,978
    
$
(7,154
)
  
$
(4,414
)
  
$
47,239
    
$
(9,078
)
Net income (loss)
  
$
(16,305
)
  
$
(9,053
)
  
$
44,069
    
$
2,798
    
$
(7,581
)
  
$
(5,727
)
  
$
45,864
    
$
(9,386
)
Basic earnings (loss) per share
  
$
(0.74
)
  
$
(0.43
)
  
$
2.33
    
$
0.14
    
$
(0.40
)
  
$
(0.30
)
  
$
2.47
    
$
(0.50
)
Weighted average shares
outstanding
    
22,003
      
21,276
      
18,897
      
19,570
      
19,090
      
19,108
      
18,559
      
18,781
  
Diluted earnings (loss) per share
  
$
(0.74
)
  
$
(0.43
)
  
$
1.03
    
$
0.11
    
$
(0.40
)
  
$
(0.30
)
  
$
1.12
    
$
(0.50
)
Weighted average shares and
equivalents outstanding
    
22,003
      
21,276
      
45,152
      
44,060
      
19,090
      
19,108
      
42,562
      
18,781
  
 
Quarterly and year-to-date computations of income (loss) per share amounts are made independently. Therefore, the sum of the per share amounts for the quarters may not agree with the per share amounts for the year.