Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v3.19.3
Quarterly Financial Data (Unaudited)
 12 Months Ended
Aug. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Note 19.     Quarterly Financial Data (Unaudited)
Quarterly financial data for fiscal 2019 and fiscal 2018 is as follows:
 
 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
Year to date August 31, 2018
 
 
First
 
Second
 
Third
 
Fourth
 
Total
Net sales
 
$
155,767

 
$
148,601

 
$
170,466

 
$
166,469

 
$
641,303

Gross profit
 
68,704

 
62,216

 
79,003

 
73,361

 
283,284

Net (loss) earnings from continuing operations
 
(2,841
)
 
(21,568
)
 
17,827

 
11,328

 
4,746

Net (loss) earnings per share from continuing operations :
 


 


 


 


 


Basic
 
$
(0.05
)
 
$
(0.36
)
 
$
0.29

 
$
0.19

 
$
0.08

Diluted
 
$
(0.05
)
 
$
(0.36
)
 
$
0.29

 
$
0.18

 
$
0.08


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, 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 6, "Goodwill, Intangible Assets and Long-Lived Assets").
During the second quarter of fiscal 2018, the Company recognized impairment and divestiture charges of $3.0 million (see Note 5, "Divestiture Activities").