Annual report [Section 13 and 15(d), not S-K Item 405]

SELECTED QUARTERLY FINANCIAL INFORMATION

v3.25.4
SELECTED QUARTERLY FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2025
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL INFORMATION SELECTED QUARTERLY FINANCIAL INFORMATION
The following table summarizes selected quarterly financial information for 2025 and 2024:
  Quarter Ended
(Unaudited) December 31, December 31,
(In thousands, except for per share data) 2025 2024
Sales $ 240,067  $ 208,540 
Gross Profit (Sales Less Cost of Products Sold) $ 79,971  $ 62,122 
Income Before Income Taxes $ 32,244  $ 576 
Net Income (Loss) $ 29,615  $ (2,832)
Basic Earnings (Loss) Per Share $ 0.83  $ (0.08)
Diluted Earnings (Loss) Per Share $ 0.78  $ (0.08)
R&D Expenses have been reclassified from Cost of Products Sold to a separate line item below Gross Profit. All periods presented have been revised to reflect this presentation.
Income before taxes in 2025 includes a decrease in litigation-related legal expenses and legal reserve adjustments of $9.0 million compared to the prior-year period. Income before taxes in 2024 includes a loss on settlement of debt of $3.2 million.