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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Data
Selected unaudited quarterly financial data for the years 2015 and 2016 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 quarterly 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.

 
 
2015
   
2016
 
 
 
First
   
Second
   
Third
   
Fourth
   
First
   
Second
   
Third
   
Fourth
 
 
 
Quarter
   
Quarter
   
Quarter
   
Quarter
   
Quarter
   
Quarter
   
Quarter
   
Quarter
 
 
 
(in thousands, except per share data)
 
Net sales
 
$
114,201
   
$
131,106
   
$
337,027
   
$
163,407
   
$
95,809
   
$
140,977
   
$
302,791
   
$
167,026
 
Gross profit
 
$
35,378
   
$
39,287
   
$
104,329
   
$
49,575
   
$
31,183
   
$
44,800
   
$
94,933
   
$
52,105
 
Income (loss) from operations
 
$
(4,199
)
 
$
(3,008
)
 
$
44,628
   
$
(6,891
)
 
$
(13,816
)
 
$
(1,100
)
 
$
34,413
   
$
(2,391
)
Income (loss) before provision
(benefit) for income taxes
 
$
(7,154
)
 
$
(4,414
)
 
$
47,239
   
$
(9,078
)
 
$
(16,951
)
 
$
(3,441
)
 
$
31,612
   
$
(5,844
)
Net income (loss)
 
$
(7,581
)
 
$
(5,727
)
 
$
45,864
   
$
(9,386
)
 
$
(17,383
)
 
$
(4,145
)
 
$
30,529
   
$
(7,752
)
Basic earnings (loss) per share
 
$
(0.40
)
 
$
(0.30
)
 
$
2.47
   
$
(0.50
)
 
$
(1.01
)
 
$
(0.27
)
 
$
1.91
   
$
(0.47
)
Weighted average shares
outstanding
   
19,090
     
19,108
     
18,559
     
18,781
     
17,218
     
16,402
     
16,044
     
16,098
 
Diluted earnings (loss) per share
 
$
(0.40
)
 
$
(0.30
)
 
$
1.12
   
$
(0.50
)
 
$
(1.01
)
 
$
(0.27
)
 
$
0.82
   
$
(0.47
)
Weighted average shares and
equivalents outstanding
   
19,090
     
19,108
     
42,562
     
18,781
     
17,218
     
16,402
     
39,504
     
16,098