Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
The following financial statements and reports of independent registered public accounting firm are filed with this report following the signature page:
Index to Consolidated Financial Statements
Document
Page
Report of Independent Registered Public Accounting Firm
39
Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting
41
Consolidated Balance Sheets as of December 31, 2020 and 2019
42
Consolidated Statements of Income for the years ended December 31, 20 2 0 , 201 9 , 201 8
43
Consolidated Statements of Comprehensive Income for the years ended December 31, 20 20 , 201 9 and 201 8
44
Consolidated Statements of Shareholders’ Investment for the years ended December 31, 20 20 , 201 9 and 201 8
45
Consolidated Statements of Cash Flows for the years ended December 31, 20 2 0 , 201 9 and 201 8
46
Notes to Consolidated Financial Statements
47
Selected quarterly financial data for the past two years appears in the following table:
Quarterly Results of Operations
(in thousands, except per share data)
First Second Third Fourth
2020 2019 2020 2019 2020 2019 2020 2019
Net Sales $ 453,762 $ 468,589 $ 229,926 $ 468,711 $ 474,639 $ 477,761 $ 529,864 $ 443,836
Gross Profit 156,587 169,645 43,945 176,538 188,237 180,321 216,675 161,805
Operating Income (Loss) 105,027 121,596 (6,738) 127,905 138,853 128,136 162,414 110,901
Net Income (Loss) 89,506 104,280 (2,374) 108,959 117,093 111,898 143,339 99,547
Basic Earnings (Loss) per share (1)
$ 0.36 $ 0.40 $ (0.01) $ 0.42 $ 0.48 $ 0.44 $ 0.58 $ 0.39
Diluted Earnings (Loss) per share (1)
$ 0.36 $ 0.40 $ (0.01) $ 0.42 $ 0.48 $ 0.44 $ 0.59 $ 0.39
(1) Basic and diluted earnings (loss) per share are computed independently for each quarter presented. Therefore the sum of quarterly basic and diluted per share information may not equal annual basis and diluted earnings per share.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
As defined in Item 304 of Regulation S-K, there have been no changes in, or disagreements with, accountants during the 24-month period ended December 31, 2020.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.