Unaudited Quarterly Financial Data

12 Months Ended

Jan. 02, 2021

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Financial Data

21. Unaudited Quarterly Financial Data

The following tables summarize the consolidated quarterly results of operations for the years ended January 2, 2021, and December 28, 2019 (in thousands, except per share amounts):

	Year Ended January 2, 2021
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	220,204	$	202,783	$	238,033	$	221,601
Gross profit		81,127		74,463		86,936		78,798
Net income		15,600		2,199		17,322		9,987
Net income per share – basic	$	0.27	$	0.04	$	0.29	$	0.17
Net income per share – diluted	$	0.26	$	0.04	$	0.29	$	0.17

	Year Ended December 28, 2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	173,737	$	198,570	$	197,823	$	174,826
Gross profit		61,270		72,940		69,995		56,163
Net income		8,257		17,045		15,106		3,280
Net income per share – basic	$	0.14	$	0.29	$	0.26	$	0.06
Net income per share – diluted	$	0.14	$	0.29	$	0.26	$	0.06

Earnings per share are computed independently for each of the quarters presented; therefore, the sum of the quarterly earnings per share may not equal the annual earnings per share. Each of our fiscal quarters above consists of 13 weeks, except for the first quarter of the year ended January 2, 2021, which consisted of 14 weeks. Net income for the second quarter of the year ended January 2, 2021 was affected by charges for the impairment of a trade name and restructuring activities. See Notes 8 and 22, respectively, for further discussion.