Annual report pursuant to Section 13 and 15(d)

SUMMARY OF QUARTERLY OPERATIONS - UNAUDITED (Tables)

v3.10.0.1
SUMMARY OF QUARTERLY OPERATIONS - UNAUDITED (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of the Company's unaudited summary of quarterly operations
The following tables presents our unaudited summary of quarterly operations during 2018 and 2017 for each of three month periods ended March 31, June 30, September 30, and December 31 (dollar amounts in thousands, except per share information).
 
For the Quarter Ended
 
March 31,
2018
 
June 30,
2018
 
September 30,
2018
 
December 31,
2018
Net sales
$
87,342

 
$
91,266

 
$
88,828

 
$
97,374

Cost of sales
(22,713
)
 
(24,278
)
 
(23,161
)
 
(25,539
)
Gross profit
64,629

 
66,988

 
65,667

 
71,835

 
 
 
 
 
 
 
 
Volume incentives
31,362

 
31,492

 
30,511

 
31,972

Selling, general and administrative
32,386

 
33,310

 
31,643

 
41,092

Operating income (loss)
881

 
2,186

 
3,513

 
(1,229
)
Other income (expense)
740

 
(1,807
)
 
(353
)
 
(731
)
Income (loss) before income taxes
1,621

 
379

 
3,160

 
(1,960
)
Provision for income taxes
1,288

 
441

 
1,821

 
852

Net income (loss)
333

 
(62
)
 
1,339

 
(2,812
)
Net income (loss) attributable to noncontrolling interests
(165
)
 
(129
)
 
(158
)
 
104

Net income (loss) attributable to common shareholders
$
498

 
$
67

 
$
1,497

 
$
(2,916
)
 
 
 
 
 
 
 
 
Basic and diluted net income (loss) per common share:
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
Basic earnings (loss) per share attributable to common shareholders:
$
0.03

 
$

 
$
0.08

 
$
(0.15
)
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share attributable to common shareholders:
$
0.03

 
$

 
$
0.08

 
$
(0.15
)

Basic and diluted income (loss) per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly net income (loss) per share may not equal the total computed for the year.
 
For the Quarter Ended
 
March 31,
2017
 
June 30,
2017
 
September 30,
2017
 
December 31,
2017
Net sales
$
83,098

 
$
81,344

 
$
89,301

 
$
88,286

Cost of sales
(21,728
)
 
(21,197
)
 
(23,505
)
 
(24,607
)
Gross profit
61,370

 
60,147

 
65,796

 
63,679

 
 
 
 
 
 
 
 
Volume incentives
28,983

 
28,288

 
30,716

 
31,983

Selling, general and administrative
30,336

 
31,836

 
32,926

 
34,537

Operating income (loss)
2,051

 
23

 
2,154

 
(2,841
)
Other income (expense), net
1,275

 
441

 
193

 
(74
)
Income (loss) before income taxes
3,326

 
464

 
2,347

 
(2,915
)
Provision (benefit) for income taxes
1,463

 
884

 
(1
)
 
14,693

Net income (loss)
1,863

 
(420
)
 
2,348

 
(17,608
)
Net loss attributable to noncontrolling interests
(297
)
 
(233
)
 
(95
)
 
(250
)
Net income (loss) attributable to common shareholders
$
2,160

 
$
(187
)
 
$
2,443

 
$
(17,358
)
 
 
 
 
 
 
 
 
Basic and diluted net income (loss) per common share:
 

 
 

 
 

 
 

 
 
 
 
 
 
 
 
Basic earnings (loss) per share attributable to common shareholders:
$
0.11

 
$
(0.01
)
 
$
0.13

 
$
(0.92
)
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share attributable to common shareholders:
$
0.11

 
$
(0.01
)
 
$
0.13

 
$
(0.92
)
 
 
 
 
 
 
 
 
Dividends declared per common share
$
0.10

 
$

 
$

 
$