Annual report pursuant to Section 13 and 15(d)

Quarterly Results (Unaudited)

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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)
The following is a summary of quarterly operations for 2019 and 2018:
(in thousands, except per share data)
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
2019
 
 
 
 
 
 
 
Net sales
$
84,804

 
$
78,778

 
$
73,640

 
$
67,946

Gross profit
8,684

 
7,838

 
7,288

 
6,963

Net (loss)
(927
)
 
(263
)
 
(953
)
 
(893
)
 
 
 
 
 
 
 
 
Per common share(1)
 

 
 

 
 

 
 

Basic
(0.10
)
 
(0.03
)
 
(0.11
)
 
(0.10
)
Diluted
(0.10
)
 
(0.03
)
 
(0.11
)
 
(0.10
)
 
 
 
 
 
 
 
 
2018
 

 
 

 
 

 
 

Net sales
$
58,480

 
$
71,894

 
$
77,793

 
$
72,674

Gross profit
11,234

 
15,716

 
14,028

 
10,259

Net income
3,835

 
3,677

 
5,036

 
549

 
 
 
 
 
 
 
 
Per common share(1)
 

 
 

 
 

 
 

Basic
0.44

 
0.42

 
0.57

 
0.06

Diluted
0.44

 
0.41

 
0.56

 
0.06

 
 
 
 
 
 
 
 

(1) Per Share amounts may not foot due to rounding.