Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v3.5.0.2
Quarterly Financial Data (Unaudited)
 12 Months Ended
Aug. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Note 16.     Quarterly Financial Data (Unaudited)
Quarterly financial data for fiscal 2016 and fiscal 2015 is as follows:
 
 
 
Year Ended August 31, 2016
 
 
First
 
Second
 
Third
 
Fourth
 
Total
Net sales
 
$
305,011

 
$
263,289

 
$
305,341

 
$
275,769

 
$
1,149,410

Gross profit
 
108,562

 
91,030

 
107,526

 
96,279

 
403,397

Net earnings (loss)
 
15,448

 
(159,191
)
 
21,166

 
17,402

 
(105,174
)
Net earnings (loss) per share:
 


 


 


 


 


Basic
 
$
0.26

 
$
(2.70
)
 
$
0.36

 
$
0.30

 
$
(1.78
)
Diluted
 
0.26

 
(2.70
)
 
0.36

 
0.29

 
(1.78
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended August 31, 2015
 
 
First
 
Second
 
Third
 
Fourth
 
Total
Net sales
 
$
327,765

 
$
301,005

 
$
320,100

 
$
300,384

 
$
1,249,254

Gross profit
 
126,976

 
109,763

 
118,560

 
106,542

 
461,841

Net earnings (loss)
 
24,674

 
(64,838
)
 
37,958

 
22,078

 
19,872

Net earnings (loss) per share:
 


 


 


 


 


Basic
 
$
0.38

 
$
(1.05
)
 
$
0.64

 
$
0.37

 
$
0.32

Diluted
 
0.38

 
(1.05
)
 
0.63

 
0.37

 
0.32


The sum of the quarters may not equal the total of the respective year’s earnings per share on either a basic or diluted basis due to changes in the weighted average shares outstanding during the year.

During the second quarters of fiscal 2016 and 2015 the Company recognized impairment charges of $186.5 million and $84.4 million, respectively (see Note 4, "Goodwill, Intangible Assets and Long-Lived Assets").