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Summarized Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Operating Results

The following table presents unaudited quarterly operating results for each of our last eight fiscal quarters. This information has been prepared on a basis consistent with our audited financial statements and includes all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation of the data.

Unaudited Quarterly Operating Results

(In thousands, except for per share amounts)

 

Three Months Ended

 

March 31, 2018

 

 

June 30, 2018

 

 

September 30, 2018

 

 

December 31, 2018

 

Net sales

 

$

120,806

 

 

$

128,048

 

 

$

140,335

 

 

$

140,088

 

Gross profit

 

$

39,733

 

 

$

49,996

 

 

$

58,448

 

 

$

55,388

 

Operating income (loss)

 

$

(26,647

)

 

$

(12,813

)

 

$

(2,179

)

 

$

(3,783

)

Net income (loss)

 

$

(10,814

)

 

$

(7,670

)

 

$

7,589

 

 

$

(8,447

)

Earnings (loss) per common share - basic

 

$

(0.22

)

 

$

(0.16

)

 

$

0.16

 

 

$

(0.18

)

Earnings (loss) per common share – diluted (1)

 

$

(0.22

)

 

$

(0.16

)

 

$

0.16

 

 

$

(0.18

)

 

Three Months Ended

 

March 31, 2017

 

 

June 30, 2017

 

 

September 30, 2017

 

 

December 31, 2017

 

Net sales

 

$

170,279

 

 

$

184,673

 

 

$

185,112

 

 

$

126,836

 

Gross profit

 

$

73,709

 

 

$

84,626

 

 

$

86,491

 

 

$

58,809

 

Operating income (loss)

 

$

6,949

 

 

$

16,363

 

 

$

18,227

 

 

$

(4,153

)

Net income (loss)

 

$

6,651

 

 

$

12,401

 

 

$

15,898

 

 

$

(11,110

)

Earnings (loss) per common share - basic

 

$

0.14

 

 

$

0.26

 

 

$

0.33

 

 

$

(0.23

)

Earnings (loss) per common share – diluted (1)

 

$

0.14

 

 

$

0.26

 

 

$

0.33

 

 

$

(0.23

)

 

 

(1)

Assumes exercise of dilutive securities calculated under the treasury stock method.