| Quarterly Financial Data |
15. QUARTERLY FINANCIAL DATA (UNAUDITED)
The following tables set forth our quarterly results for each quarter of the years ending December 31, 2016 and 2015, in thousands (except per share amounts):
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2016
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Q1
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Q2
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Q3
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Q4
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Total Year (a)
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Net sales
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$
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414,024
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$
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431,589
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$
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453,102
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$
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444,135
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$
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1,742,850
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Gross profit
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89,455
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97,688
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108,139
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105,062
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400,344
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Operating profit
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19,767
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26,790
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39,101
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35,944
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121,604
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Income from continuing operations
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11,116
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15,615
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24,566
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21,307
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72,606
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Net income
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$
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11,116
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$
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15,615
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$
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24,566
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$
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21,307
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$
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72,606
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Basic income per common share:
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Income from continuing operations
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$
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0.29
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$
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0.41
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$
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0.65
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$
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0.57
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$
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1.93
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Net income
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$
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0.29
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$
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0.41
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$
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0.65
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$
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0.57
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$
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1.93
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Diluted income per common share:
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Income from continuing operations
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$
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0.29
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$
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0.41
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$
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0.65
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$
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0.57
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$
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1.92
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Net income
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$
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0.29
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$
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0.41
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$
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0.65
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$
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0.57
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$
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1.92
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2015
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Q1 (b)
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Q2
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Q3
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Q4
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Total Year (a)
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Net sales
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$
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358,460
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$
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403,761
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$
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427,888
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$
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426,471
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$
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1,616,580
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Gross profit
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73,816
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85,690
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94,002
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104,521
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358,029
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Operating profit (loss)
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(1,147)
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11,490
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30,191
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42,997
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83,531
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Income (loss) from continuing operations
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(3,800)
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6,630
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16,624
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59,669
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79,123
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Income (loss) from discontinued operations, net
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1
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(235)
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—
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82
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(152)
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Net income (loss)
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$
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(3,799)
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$
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6,395
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$
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16,624
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$
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59,751
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$
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78,971
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Basic income (loss) per common share:
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Income (loss) from continuing operations
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$
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(0.10)
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$
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0.18
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$
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0.44
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$
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1.58
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$
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2.10
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Loss from discontinued operations, net
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—
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(0.01)
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—
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—
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—
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Net income (loss)
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$
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(0.10)
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$
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0.17
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$
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0.44
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$
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1.58
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$
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2.10
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Diluted income (loss) per common share:
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Income (loss) from continuing operations
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$
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(0.10)
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$
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0.18
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$
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0.44
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$
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1.57
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$
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2.09
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Loss from discontinued operations, net
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—
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(0.01)
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—
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—
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—
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Net income (loss)
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$
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(0.10)
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$
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0.17
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$
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0.44
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$
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1.57
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$
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2.09
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(a)
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Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
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(b)
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For comparative purposes, the computation of basic and diluted earnings per common share for the first quarter of 2015 was calculated using the shares distributed at Separation.
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