Summary Quarterly Consolidated Financial Information (unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Summary Quarterly Consolidated Financial Information (unaudited)

Note 25. Summary Quarterly Consolidated Financial Information (unaudited)

The following table summarizes ARRIS’s quarterly consolidated financial information (in thousands, except per share data):

	Quarters in 2018 Ended,
	March 31,			June 30,		September 30,		December 31, (1)(2)
Net sales	$	1,577,710		$	1,726,540	$	1,651,248	$	1,787,142
Gross margin		475,683			498,755		465,189		479,232
Operating income (loss)		12,919			44,873		53,021		68,072
Net (loss) income attributable to ARRIS International plc.	$	(13,600	)	$	35,754	$	47,079	$	44,507
Net (loss) income per basic share	$	(0.07	)	$	0.19	$	0.26	$	0.26
Net (loss) income per diluted share	$	(0.07	)	$	0.19	$	0.26	$	0.25

	Quarters in 2017 Ended
	March 31,			June 30,		September 30,		December 31,(3)(4)(5)(6)
Net sales	$	1,483,105		$	1,664,170	$	1,728,524	$	1,738,593
Gross margin		337,257			403,357		431,155		494,470
Operating (loss) income		(4,084	)		55,636		84,157		(12,698	)
Net (loss) income attributable to ARRIS International plc.	$	(39,098	)	$	30,336	$	88,320	$	12,469
Net (loss) income per basic share	$	(0.21	)	$	0.16	$	0.47	$	0.07
Net (loss) income per diluted share	$	(0.21	)	$	0.16	$	0.47	$	0.07

Year 2018

(1) For the quarter ended December 31, 2018, the Company recorded a gain on the sale of its Taiwan factory and certain equipment of $13.3 million.

(2) In the fourth quarter, the Company recorded losses of $5.7 million associated with the settlement and partial curtailment of its U.S. and Taiwan pension plans.

Year 2017

(3) For the quarter ended December 31, 2017, the Company recorded an increase to net sales of $8.1 million, to reverse previous quarters reduction in net sales in connection with Warrants.

(4) In the fourth quarter of 2017, the Company recorded partial impairments of goodwill and indefinite-lived tradenames of $51.2 million and $3.8 million, respectively, acquired in our ActiveVideo acquisition and included as part of our Cloud TV reporting unit, of which $19.3 million is attributable to noncontrolling interest.

(5) In the fourth quarter of 2017, the Company recorded acquisition costs of $61.5 million related to the cash settlement of stock-based awards held by transferring employees.

(6) During 2017, the Company recorded a foreign currency remeasurement loss of $10.5 million related primarily to a deferred income tax liability, in the United Kingdom. This deferred income tax liability is denominated in GBP. The foreign currency remeasurement gain derives from the remeasurement of the GBP deferred income tax liability to the USD, since the date of the acquisition.