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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 30, 2018
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. As discussed in “Discontinued Operations” in Note 8 of these notes to consolidated financial statements, the Company began reporting the PSS business as discontinued operations effective in the first quarter of fiscal 2018. Accordingly, the financial results for the PSS business have been reported in discontinued operations for all periods presented.

Summarized quarterly data for the years ended December 30, 2018 and December 31, 2017, is as follows (in millions, except per share data):

 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Fiscal year 2018
 
 
 
 
 
 
 
Revenues
$
143.0

 
$
151.2

 
$
159.4

 
$
164.4

Gross profit
40.8

 
39.3

 
44.1

 
45.5

Operating income from continuing operations
7.0

 
2.6

 
10.1

 
10.8

Provision for income taxes
0.9

 
0.1

 
3.4

 
0.2

Income (loss) from continuing operations
1.3

 
(3.8
)
 
1.4

 
5.2

Income (loss) from discontinued operations
(3.5
)
 
(3.9
)
 
0.3

 
(0.5
)
Net income (loss)
$
(2.2
)
 
$
(7.7
)
 
$
1.7

 
$
4.7

Basic income (loss) per common share:
 
 
 
 
 
 
 
   Income (loss) from continuing operations
$
0.01

 
$
(0.04
)
 
$
0.01

 
$
0.05

   Income (loss) from discontinued operations
$
(0.03
)
 
$
(0.03
)
 
$
0.01

 
$
—

     Net income (loss) per common share
$
(0.02
)
 
$
(0.07
)
 
$
0.02

 
$
0.05

Diluted income (loss) per common share:
 
 
 
 
 
 
 
   Income (loss) from continuing operations
$
0.01

 
$
(0.04
)
 
$
0.01

 
$
0.05

   Income (loss) from discontinued operations
$
(0.03
)
 
$
(0.03
)
 
$
0.01

 
$
(0.01
)
     Net income (loss) per common share
$
(0.02
)
 
$
(0.07
)
 
$
0.02

 
$
0.04


 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Fiscal year 2017
 
 
 
 
 
 
 
Revenues
$
132.0

 
$
147.9

 
$
157.1

 
$
166.3

Gross profit
36.1

 
37.5

 
37.2

 
46.8

Operating income (loss) from continuing operations
1.4

 
1.5

 
0.1

 
(15.0
)
Provision (benefit) for income taxes
1.4

 
1.3

 
(1.1
)
 
(11.8
)
Loss from continuing operations
(10.1
)
 
(6.9
)
 
(5.9
)
 
(24.0
)
Income from discontinued operations
0.1

 
0.7

 
1.6

 
1.8

Net loss
$
(10.0
)
 
$
(6.2
)
 
$
(4.3
)
 
$
(22.2
)
Basic loss per common share:
 
 
 
 
 
 
 
  Loss from continuing operations
$
(0.13
)
 
$
(0.08
)
 
$
(0.07
)
 
$
(0.23
)
  Income from discontinued operations
$
—

 
$
0.01

 
$
0.02

 
$
0.02

     Net loss per common share
$
(0.13
)
 
$
(0.07
)
 
$
(0.05
)
 
$
(0.21
)
Diluted loss per common share:
 
 
 
 
 
 
 
  Loss from continuing operations
$
(0.13
)
 
$
(0.08
)
 
$
(0.07
)
 
$
(0.23
)
  Income from discontinued operations
$
—

 
$
0.01

 
$
0.02

 
$
0.02

     Net loss per common share
$
(0.13
)
 
$
(0.07
)
 
$
(0.05
)
 
$
(0.21
)


In the fourth quarter of 2017, the Company recorded an impairment of $24.2 million of the carrying value of the goodwill related to its DRSS reporting unit within its KGS reportable segment. The Company also recorded a $15.2 million loss on extinguishment of debt in the fourth quarter of 2017 related to the redemption and extinguishment of the Company’s 7% Notes.