Note 25.

Unaudited Quarterly Financial Information

Results of operations for each of the four quarters in the respective fiscal years are as follows. Each quarter during fiscal 2017 and fiscal 2016 represents a period of twelve weeks, except the first quarter, which includes sixteen weeks (amounts in thousands, except per share data):

		First Quarter**		Second Quarter**		Third Quarter**			Fourth Quarter
Sales	2017	$	1,187,649	$	926,639	$	932,822		$	873,623
	2016	$	1,204,352	$	935,025	$	918,791		$	868,717
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately)*	2017	$	607,941	$	468,152	$	476,170		$	456,800
	2016	$	621,190	$	477,955	$	476,760		$	450,462
Net income (loss)	2017	$	60,418	$	44,740	$	(33,571	)	$	78,533
	2016	$	59,363	$	51,155	$	40,216		$	13,042
Basic net income (loss) per share	2017	$	0.29	$	0.21	$	(0.16	)	$	0.37
	2016	$	0.28	$	0.25	$	0.19		$	0.06
Diluted net income (loss) per share	2017	$	0.29	$	0.21	$	(0.16	)	$	0.37
	2016	$	0.28	$	0.24	$	0.19		$	0.06

*	The company does not report gross margin. This line item presents our material, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately) under an alternative presentation.

As disclosed in Note 4, Financial Statement Revisions, the company reported cash receipts and payments for the repurchase and sale of territories and cash paid at issuance of notes receivable at net when these transactions should have been disaggregated. We concluded that the errors were not material to any of these prior periods that were impacted. The error resulted in an understatement of cash flows from operating activities and cash flows used in investing activities of $5.9 million, $12.1 million and $12.8 million, respectively, for the sixteen, twenty-eight, and forty week amounts included in the first, second, and third quarters of fiscal 2017, respectively. These amounts will be revised upon subsequent presentation of these financial statements.

The table below presents financial results that impact comparability, by quarter, for fiscal 2017 (amounts in thousands):

Items presented separately on the Consolidated Statements of Income	First Quarter			Second Quarter		Third Quarter		Fourth Quarter			Fiscal 2017			Footnote
Gain on divestiture	$	(28,875	)	$	—	$	—	$	—		$	(28,875	)	Note 6
Restructuring and related impairment charges	$	—		$	—	$	100,549	$	3,581		$	104,130		Note 5
Multi-employer pension plan withdrawal costs	$	—		$	—	$	18,268	$	—		$	18,268		Note 21
Pension settlement loss	$	—		$	—	$	3,030	$	1,619		$	4,649		Note 21
Income tax benefit resulting from Tax reform	$	—		$	—	$	—	$	(48,160	)	$	(48,160	)	Note 22

The table below presents financial results that impact comparability, by quarter, for fiscal 2016 (amounts in thousands):

Items presented separately on the Consolidated Statements of Income	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Fiscal 2016		Footnote
Impairment of assets	$	—	$	—	$	—	$	24,877	$	24,877	Note 9
Pension settlement loss	$	—	$	4,641	$	1,832	$	173	$	6,646	Note 21

During the fourth quarter of fiscal 2016, we identified and recorded out-of-period adjustments of $2.3 million for an intangible asset impairment which related to the second quarter of fiscal 2016 and a $0.9 million reduction to deferred tax expense which related to the fourth quarter of fiscal 2015. The net impact of these two items resulted in $0.5 million of lower net income in the fourth quarter of fiscal 2016. We concluded that the correction of the errors was not material to the fourth quarter of fiscal 2016 or to any of the prior periods that were impacted.