Quarterly Financial Data: (unaudited, amount in thousands, except per share data):



	Fiscal Year 2018
	First			Second			Third		Fourth
	Quarter			Quarter			Quarter		Quarter
Net sales	$	262,845		$	361,172		$	435,820	$	443,095
Gross profit	17,336			82,396			120,098		141,216
Net income (loss) attributable to Cal-Maine Foods, Inc.	(15,993		)	(26,136		)	96,294		71,767
Net income (loss) per share:
Basic	$	(0.33	)	$	(0.54	)	$	1.99	$	1.48
Diluted	$	(0.33	)	$	(0.54	)	$	1.99	$	1.48

During the Company's second quarter of fiscal 2018, we recorded $80.8 million legal settlement of several large direct action purchasers' antitrust claims against the Company. Also during the second quarter of fiscal 2018, the Tax Cuts and Jobs Act of 2017 was enacted. This resulted in an initial revaluation of our deferred tax liabilities during the second quarter which favorably impacted our results by $35.0 million. In the fourth quarter of fiscal 2018, we completed our analysis of the Act and recorded additional tax benefit of $8.0 million.



	Fiscal Year 2017
	First			Second			Third		Fourth
	Quarter			Quarter			Quarter		Quarter
Net sales	$	239,845		$	253,544		$	306,540	$	274,584
Gross profit	(9,569		)	3,948			39,165		12,006
Net income (loss) attributable to Cal-Maine Foods, Inc.	(30,936		)	(23,010		)	4,139		(24,471		)
Net income (loss) per share:
Basic	$	(0.64	)	$	(0.48	)	$	0.09	$	(0.51	)
Diluted	$	(0.64	)	$	(0.48	)	$	0.09	$	(0.51	)

During the Company's fourth quarter of fiscal 2017, we elected to carry back fiscal 2017 net operating losses to recover taxes paid in fiscal 2015, which affects the comparability between quarters. The net operating loss carryback resulted in a $4.1 million decrease in the income tax benefit, as the carryback reduced prior year taxable income and as a result reduced the benefit of prior year domestic manufacturers deductions, a portion of which were therefore reversed in the fourth quarter of fiscal 2017.