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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 28, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)

The following financial information reflects all normal and recurring adjustments that are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Summarized quarterly data for the years ended December 29, 2013 and December 28, 2014, is as follows (in millions, except per share data):

 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Fiscal year 2013
 
 
 
 
 
 
 
 
Revenues
 
$
253.3

 
$
235.2

 
$
226.4

 
$
235.7

Gross profit
 
$
65.8

 
$
60.4

 
$
52.3

 
$
61.5

Operating income from continuing operations
 
$
11.4

 
$
8.9

 
$
6.1

 
$
5.4

Provision (benefit) for income taxes
 
$
2.8

 
$
(0.1
)
 
$
0.2

 
$
(2.9
)
Net loss
 
$
(10.3
)
 
$
(9.6
)
 
$
(9.9
)
 
$
(7.4
)
Net loss per common share:
 
 
 
 
 
 
 
 
Basic and diluted
 
$
(0.18
)
 
$
(0.17
)
 
$
(0.17
)
 
$
(0.12
)


In the third quarter the Company had a benefit of $4.7 million primarily related to an adjustment to the liability for unused office space which was primarily due to a change in the estimated excess facility accrual of office space at the Company's Colombia, Maryland administrative facilities partially offset by $2.0 million of expenses related to workforce reductions as a result of cost reduction initiatives the Company implemented. Also included in each of the first, second, third and fourth quarter is amortization of purchased intangibles of $9.3 million, $9.0 million, $9.0 million and $8.9 million, respectively.

    
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Fiscal year 2014
 
 
 
 
 
 
 
 
Revenues
 
$
200.1

 
$
229.3

 
$
217.1

 
$
221.5

Gross profit
 
$
52.6

 
$
56.4

 
$
53.0

 
$
56.2

Operating income from continuing operations
 
$
3.3

 
$
4.7

 
$
1.2

 
$
10.7

Provision (benefit) for income taxes
 
$
2.3

 
$
1.6

 
$
(0.2
)
 
$
1.4

Net loss
 
$
(15.0
)
 
$
(49.9
)
 
$
(10.9
)
 
$
(2.2
)
Net loss per common share:
 
 
 
 
 
 
 
 
Basic and diluted
 
$
(0.26
)
 
$
(0.87
)
 
$
(0.19
)
 
$
(0.04
)


In the third quarter, a $39.1 million loss on extinguishment of debt was recorded to reflect the refinance of the Company’s $625.0 million 10% Senior Secured Notes Due 2017 with the $625.0 million 7% Senior Secured Notes Due 2019.