Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

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Quarterly Financial Data (Unaudited)
12 Months Ended
Aug. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Note 17.     Quarterly Financial Data (Unaudited)
Quarterly financial data for fiscal 2020 and fiscal 2019 is as follows:
  Year to date August 31, 2020
  First Second Third Fourth Total
Net sales $ 146,674  $ 133,386  $ 101,879  $ 111,353  $ 493,292 
Gross profit 68,688  62,093  41,947  44,465  217,193 
Net earnings (loss) from continuing operations 6,372  3,918  (4,930) 197  5,557 
Net earnings (loss) per share from continuing operations:
Basic $ 0.11  $ 0.07  $ (0.08) $ 0.00  $ 0.09 
Diluted $ 0.11  $ 0.06  $ (0.08) $ 0.00  $ 0.09 
  Year to date August 31, 2019
  First Second Third Fourth Total
Net sales $ 158,551  $ 159,788  $ 178,095  $ 158,324  $ 654,758 
Gross profit 70,312  71,316  81,954  69,070  292,652 
Net (loss) earnings from continuing operations (16,423) 765  26,858  (3,133) 8,067 
Net (loss) earnings per share from continuing operations:
Basic $ (0.27) $ 0.01  $ 0.44  $ (0.05) $ 0.13 
Diluted $ (0.27) $ 0.01  $ 0.43  $ (0.05) $ 0.13 
The total of the individual quarters may not equal the annual or year-to-date total due to rounding.
During the year ended August 31, 2020, the Company recognized an impairment and divestiture benefit of $3.2 million of which $1.4 million was recorded in the first quarter, $0.8 million in the second quarter, $1.4 million in the third quarter and a charge of $0.4 million in the fourth quarter (see Note 5, "Discontinued Operations and Other Divestiture Activities").
During the year ended August 31, 2019, the Company recognized impairment and divestiture charges of $22.8 million of which $23.5 million was recorded in the first quarter, $6.1 million in the second quarter, a benefit of $13.0 million in the third quarter and a charge of $6.2 million in the fourth quarter (see Note 5, "Discontinued Operations and Other Divestiture Activities").