Selected Quarterly Financial Data (Unaudited)

The following tables set forth certain unaudited quarterly information for each of the eight fiscal quarters in the two year period ended June 30, 2017. This quarterly information has been prepared on a consistent basis with the audited consolidated financial statements and, in the opinion of management, includes all adjustments which management believes are necessary for a fair presentation of the information for the periods presented.

The Company's quarterly operating results may fluctuate significantly as a result of a variety of factors, and operating results for any fiscal quarter are not necessarily indicative of results for a full fiscal year or future fiscal quarters.



	September 30, 2016		December 31, 2016		March 31, 2017		June 30, 2017
(In thousands, except per share data)
Net sales	$	130,488	$	139,025	$	138,187	$	133,800
Gross profit	$	51,198	$	55,096	$	53,820	$	53,618
Income from operations	$	2,505	$	35,910	$	2,058	$	1,693
Net income	$	1,618	$	20,076	$	1,594	$	1,112
Net income per common share—basic	$	0.10	$	1.21	$	0.10	$	0.07
Net income per common share—diluted	$	0.10	$	1.20	$	0.10	$	0.07



	September 30, 2015			December 31, 2015		March 31, 2016		June 30, 2016
(In thousands, except per share data)
Net sales	$	133,445		$	142,307	$	134,468	$	134,162
Gross profit	$	50,579		$	52,908	$	52,560	$	52,428
(Loss) income from operations	$	(563	)	$	5,361	$	306	$	3,075
Net (loss) income	$	(1,074	)	$	5,561	$	1,192	$	84,239
Net (loss) income) per common share—basic	$	(0.07	)	$	0.34	$	0.07	$	5.09
Net (loss) income per common share—diluted	$	(0.07	)	$	0.34	$	0.07	$	5.05

In the fourth quarter of fiscal 2016, the Company concluded that it is more likely than not that the Company will generate future earnings sufficient to realize the majority of the Company’s deferred tax assets as of June 30, 2016. Accordingly, the Company recorded a reduction in its valuation allowance in the fourth quarter of fiscal 2016 in the amount of $83.2 million. See Note 21.

In the second quarter of fiscal 2017, the Company completed the sale of the Torrance Facility, and recognized a net gain from sale in the amount of $37.4 million, including non-cash interest expense of $0.7 million and non-cash rent expense of $1.4 million. See Note 6.