Quarterly Financial Data (Unaudited)

12 Months Ended

Aug. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Note 17. Quarterly Financial Data (Unaudited)

Quarterly financial data for fiscal 2020 and fiscal 2019 is as follows:


	Year to date August 31, 2020
	First		Second		Third		Fourth		Total
Net sales	$	146,674	$	133,386	$	101,879	$	111,353	$	493,292
Gross profit	68,688		62,093		41,947		44,465		217,193
Net earnings (loss) from continuing operations	6,372		3,918		(4,930)		197		5,557
Net earnings (loss) per share from continuing operations:
Basic	$	0.11	$	0.07	$	(0.08)	$	0.00	$	0.09
Diluted	$	0.11	$	0.06	$	(0.08)	$	0.00	$	0.09

	Year to date August 31, 2019
	First		Second		Third		Fourth		Total
Net sales	$	158,551	$	159,788	$	178,095	$	158,324	$	654,758
Gross profit	70,312		71,316		81,954		69,070		292,652
Net (loss) earnings from continuing operations	(16,423)		765		26,858		(3,133)		8,067
Net (loss) earnings per share from continuing operations:
Basic	$	(0.27)	$	0.01	$	0.44	$	(0.05)	$	0.13
Diluted	$	(0.27)	$	0.01	$	0.43	$	(0.05)	$	0.13

The total of the individual quarters may not equal the annual or year-to-date total due to rounding.

During the year ended August 31, 2020, the Company recognized an impairment and divestiture benefit of $3.2 million of which $1.4 million was recorded in the first quarter, $0.8 million in the second quarter, $1.4 million in the third quarter and a charge of $0.4 million in the fourth quarter (see Note 5, "Discontinued Operations and Other Divestiture Activities").

During the year ended August 31, 2019, the Company recognized impairment and divestiture charges of $22.8 million of which $23.5 million was recorded in the first quarter, $6.1 million in the second quarter, a benefit of $13.0 million in the third quarter and a charge of $6.2 million in the fourth quarter (see Note 5, "Discontinued Operations and Other Divestiture Activities").