Supplementary Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Supplementary Quarterly Financial Data (Unaudited)

Supplementary Quarterly Financial Data (Unaudited)

	(In thousands, except per share amounts)
	Three Months Ended								Three Months Ended
	2012								2011
	Dec 31		Oct 1		Jun 30		Mar 31		Dec 31			Oct 2		Jul 3			Apr 3
Net Sales	$	193,892	$	184,097	$	184,705	$	184,343	$	188,238		$	185,080	$	108,043		$	99,553
Gross Profit		35,450		35,580		35,951		34,471		32,338			34,186		21,004			18,408
Income (Loss) Before Taxes		6,618		5,999		5,778		3,620		(53,576	)		1,376		(4,124	)		3,999
Income Tax Expense (Benefit)		3,183		894		271		1,230		(5,082	)		415		(1,151	)		1,076
Net Income (Loss)	$	3,435	$	5,105	$	5,507	$	2,390	$	(48,494	)	$	961	$	(2,973	)	$	2,923
Earnings Per Share
Basic earnings (loss) per share	$	0.32	$	0.48	$	0.52	$	0.23	$	(4.60	)	$	0.09	$	(0.28	)	$	0.28
Diluted earnings (loss) per share	$	0.32	$	0.48	$	0.52	$	0.23	$	(4.60	)	$	0.09	$	(0.28	)	$	0.27

In the fourth quarter of 2011, our gross profit was unfavorably impacted by the write-off of inventory step-up and merger-related transaction expenses related to the LaBarge Acquisition of $3.2 million, or 1.7 percentage points.

In the fourth quarter of 2011, we recorded a pre-tax non-cash charge of $54.3 million for the impairment of goodwill, related to the DLT segment.

In the fourth quarter of 2012, we recorded an income tax valuation allowance of $2.2 million related to unused California state research and development income tax credits upon passage of new state legislation during the quarter.

In the second quarter of 2012, we recognized an income tax benefit of $1.6 million as a result of the LaBarge Acquisition, which allowed us to file state consolidated tax returns in 2012.