| Quarterly Financial Information (Unaudited) |
16. Quarterly Financial Information (Unaudited)
The tables below set forth selected quarterly financial data for each of the last two fiscal years.
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Fiscal 2017
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Fiscal 2016
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Fourth
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Third
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Second
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First
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Fourth
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Third
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Second
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First
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(in thousands, except select store data)
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quarter
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quarter
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quarter
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quarter
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quarter
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quarter
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quarter
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quarter
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Net sales
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$
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163,003
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$
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199,431
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$
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133,969
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$
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133,414
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$
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149,466
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$
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193,842
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$
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129,712
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$
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96,000
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Gross profit
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49,328
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63,363
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36,446
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40,750
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42,372
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64,179
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35,873
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30,779
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Income (loss) from operations
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8,063
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20,863
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4,443
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4,450
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5,617
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20,193
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(411)
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4,835
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Net income (loss)
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2,588
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10,507
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479
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624
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1,012
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9,928
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(3,343)
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2,271
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Earnings/(loss) per share:
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Basic shares
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$
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0.10
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$
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0.40
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$
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0.02
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$
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0.02
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$
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0.04
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$
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0.38
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$
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(0.13)
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$
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0.09
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Diluted shares
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$
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0.10
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$
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0.39
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$
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0.02
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$
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0.02
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$
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0.04
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$
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0.37
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$
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(0.13)
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$
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0.08
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Weighted average shares outstanding:
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Basic shares
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26,535
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26,495
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26,427
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26,373
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26,329
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26,326
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26,159
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25,865
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Diluted shares
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27,068
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27,165
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26,897
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26,616
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26,630
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26,871
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26,159
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26,973
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Percentage of net sales:
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Gross profit
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30.3
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%
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31.8
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%
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27.2
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%
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30.5
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%
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28.3
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%
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33.1
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%
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27.7
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%
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32.1
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%
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Income (loss) from operations
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4.9
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%
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10.5
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%
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3.3
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%
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3.3
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%
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3.8
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%
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10.4
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%
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(0.3)
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%
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5.0
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%
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Net income (loss)
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1.6
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%
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5.3
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%
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0.4
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%
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0.5
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%
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0.7
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%
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5.1
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%
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(2.6)
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%
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2.4
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%
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Select store data:
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Stores operating at end of quarter
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219
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219
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212
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210
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208
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206
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201
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176
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Same store sales (decline) growth
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(0.9)
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%
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0.2
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%
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1.8
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%
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0.4
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%
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(1.2)
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%
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(2.0)
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%
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0.1
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%
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5.6
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%
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