Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Information

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Selected Quarterly Financial Information
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information SELECTED QUARTERLY FINANCIAL INFORMATION
The following table summarizes selected quarterly financial information for 2019 and 2018:
  Quarter Ended
(Unaudited) Dec. 31, Sep. 28, June 29, March 30, Dec. 31, Sep. 29, June 30, March 31,
(In thousands, except for per share data) 2019 2019 2019 2019 2018 2018 2018 2018
Sales $ 198,412    $ 177,018    $ 189,098    $ 208,174    $ 202,917    $ 212,674    $ 208,606    $ 179,059   
Gross Profit (sales less cost of products sold) $ 26,908    $ 36,794    $ 40,363    $ 52,077    $ 47,672    $ 46,320    $ 49,572    $ 37,132   
Impairment Loss $ 11,083    $ —    $ —    $ —    $ —    $ —    $ —    $ —   
Income Before Income Taxes $ (43,282)   $ 1,760    $ 8,830    $ 100,995    $ 15,594    $ 15,580    $ 17,182    $ 3,926   
Net Income $ (34,065)   $ 1,210    $ 6,726    $ 78,146    $ 12,485    $ 16,999    $ 14,025    $ 3,294   
Basic Earnings Per Share $ (1.10)   $ 0.04    $ 0.21    $ 2.40    $ 0.38    $ 0.53    $ 0.43    $ 0.10   
Diluted Earnings Per Share $ (1.10)   $ 0.04    $ 0.20    $ 2.35    $ 0.37    $ 0.52    $ 0.42    $ 0.10