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Supplemental Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Quarterly Financial Data (Unaudited)
Supplemental Quarterly Financial Data (Unaudited)
The quarterly financial results presented in the table below reflects the impact of the restatement adjustments of all the Restated Periods.
 
 
(In thousands, except per share amounts)
 
 
Three Months Ended
2015
 
Three Months Ended
2014
 
 
Dec 31
 
Oct 3
 
Jul 4
 
Apr 4
 
Dec 31
 
Sep 27
 
Jun 29
 
Mar 30
Net Revenues
 
$
156,576

 
$
161,670

 
$
174,845

 
$
172,920

 
$
187,612

 
$
188,164

 
$
186,516

 
$
179,753

Gross Profit
 
22,796

 
20,028

 
31,207

 
26,761

 
33,627

 
33,112

 
37,678

 
35,915

(Loss) Income Before Taxes
 
(90,170
)
 
(16,447
)
 
3,061

 
(3,034
)
 
4,034

 
4,687

 
9,816

 
7,703

Income Tax (Benefit) Expense
 
(26,594
)
 
(6,932
)
 
1,279

 
(1,061
)
 
(1,122
)
 
1,754

 
3,197

 
2,544

Net (Loss) Income
 
$
(63,576
)
 
$
(9,515
)
 
$
1,782

 
$
(1,973
)
 
$
5,156

 
$
2,933

 
$
6,619

 
$
5,159

(Loss) Earnings Per Share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic (loss) earnings per share
 
$
(5.74
)
 
$
(0.86
)
 
$
0.16

 
$
(0.18
)
 
$
0.47

 
$
0.27

 
$
0.61

 
$
0.48

Diluted (loss) earnings per share
 
$
(5.74
)
 
$
(0.86
)
 
$
0.16

 
$
(0.18
)
 
$
0.46

 
$
0.26

 
$
0.60

 
$
0.46


In the fourth quarter of 2015, we recorded a goodwill impairment charge in our SS operating segment of approximately $57.2 million. In addition, we recorded an intangible asset impairment charge in our ES operating segment of approximately $32.9 million related to the write off an indefinite-lived trade name intangible asset.
In the third quarter of 2015, we recorded loss on extinguishment of debt of approximately $11.9 million which was made up of the call premium to retire the existing $200.0 million senior unsecured notes in July 2015 of approximately $9.8 million and the write off of the unamortized debt issuance costs associated with the existing $200.0 million senior unsecured notes of approximately $2.1 million.
In the second quarter of 2015, we recorded loss on extinguishment of debt of approximately $2.8 million which was made up of the write off of the unamortized debt issuance costs associated with the existing senior secured term loan and existing senior secured revolving credit facility when the existing senior secured term loan was paid off in June 2015 and both were replaced with the New Credit Facilities.