Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v3.10.0.1
Quarterly Financial Data (Unaudited)
 12 Months Ended
Aug. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Note 18.     Quarterly Financial Data (Unaudited)
Quarterly financial data for fiscal 2018 and fiscal 2017 is as follows:
 
 
 
Year Ended August 31, 2018
 
 
First
 
Second
 
Third
 
Fourth
 
Total
Net sales
 
$
288,955

 
$
275,165

 
$
317,096

 
$
301,395

 
$
1,182,611

Gross profit
 
100,911

 
89,696

 
116,509

 
108,144

 
415,260

Net earnings (loss)
 
5,226

 
(18,221
)
 
29,012

 
(37,665
)
 
(21,648
)
Net earnings per share:
 


 


 


 


 


Basic
 
$
0.09

 
$
(0.30
)
 
$
0.48

 
$
(0.62
)
 
$
(0.36
)
Diluted
 
$
0.09

 
$
(0.30
)
 
$
0.48

 
$
(0.62
)
 
$
(0.36
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended August 31, 2017
 
 
First
 
Second
 
Third
 
Fourth
 
Total
Net sales
 
$
265,793

 
$
258,869

 
$
295,427

 
$
275,695

 
$
1,095,784

Gross profit
 
93,067

 
87,327

 
102,804

 
96,519

 
379,717

Net earnings (loss)
 
4,966

 
5,074

 
22,511

 
(98,764
)
 
(66,213
)
Net earnings (loss) per share:
 


 


 


 


 


Basic
 
$
0.08

 
$
0.09

 
$
0.38

 
$
(1.65
)
 
$
(1.11
)
Diluted
 
$
0.08

 
$
0.08

 
$
0.37

 
$
(1.65
)
 
$
(1.11
)

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

During the fourth quarter of fiscal 2018, the Company recognized impairment and divestiture charges of $73.1 million (see Note 5, "Divestiture Activities" and Note 6, "Goodwill, Intangible Assets and Long-Lived Assets").

During the fourth quarter of fiscal 2017, the Company recognized impairment and divestiture charges of $117.0 million (see Note 5, "Divestitures Activities" and Note 6, "Goodwill, Intangible Assets and Long-Lived Assets").