The following table summarizes the unaudited quarterly consolidated results of operations for fiscal 2017 and fiscal 2016:


(in thousands, except per share)	Three Months Ended
Fiscal 2017	August 31		November 30		February 28		May 31
Net sales	$	737,549	$	727,780	$	703,436	$	845,343
Gross margin		147,282		122,803		110,990		154,830
Net earnings		68,536		49,867		38,951		60,583
Net earnings attributable to controlling interest		65,567		46,565		35,889		56,494
Earnings per share – basic	$	1.06	$	0.75	$	0.57	$	0.90
Earnings per share – diluted	$	1.02	$	0.72	$	0.55	$	0.87

Fiscal 2016	August 31		November 30		February 29		May 31
Net sales	$	758,147	$	699,816	$	647,080	$	714,671
Gross margin		113,016		109,179		95,923		134,475
Impairment of long-lived assets (1)		3,000		22,962		-		-
Net earnings (2)		34,995		25,752		34,143		62,738
Net earnings attributable to controlling interest (2)		31,968		23,376		29,847		58,523
Earnings per share – basic (2)	$	0.50	$	0.37	$	0.48	$	0.95
Earnings per share – diluted (2)	$	0.48	$	0.36	$	0.47	$	0.92

(1)	For additional information regarding the Company’s impairment activity, refer to “Note C – Goodwill and Other Long-Lived Assets.”

(2)

Amounts are presented on a revised basis due to the adoption of amended accounting guidance related to the accounting for share-based payments in the fourth quarter of fiscal 2016. As a result of the adoption of this amended accounting guidance, net earnings and net earnings attributable to controlling interest for the three month periods ended August 31, 2015, November 30, 2015 and February 29, 2016 increased $558,000, $136,000 and $271,000, respectively, from the previously reported results.