Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

(In Thousands, Except Per Share Data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Year Ended December 31, 2016
Revenues	$	854,427	$	789,353	$	768,982	$	794,954
Gross Profit *	374,268		352,576		332,487		339,599
Earnings Before Income Taxes	79,728		61,124		45,282		32,288
Net Earnings	49,687		38,501		29,464		21,631
Earnings Per Share	0.68		0.53		0.41		0.30
Earnings Per Share Assuming Dilution	0.68		0.53		0.40		0.30
Year Ended December 31, 2015
Revenues	$	821,814	$	769,049	$	767,694	$	821,199
Gross Profit *	363,478		346,110		331,628		344,144
Earnings Before Income Taxes	77,830		64,354		36,556		34,380
Net Earnings	49,243		40,546		24,194		21,726
Earnings Per Share	0.68		0.56		0.33		0.30
Earnings Per Share Assuming Dilution	0.68		0.56		0.33		0.30

* Gross profit is the sum of lease revenues and fees, retail sales, non-retail sales, and interest and fees on loans receivable less retail cost of sales, non-retail cost of sales, depreciation of lease merchandise, provision for write-offs of lease merchandise, and provision for credit losses.

The comparability of the Company's quarterly financial results during 2016 and 2015 was impacted by certain events, as described below on a pre-tax basis:

• The first quarter of 2016 included a gain of $11.1 million on the January 29, 2016 sale of the Company's former corporate office building, a loss of $4.6 million related to the write-down of the HomeSmart disposal group to its fair value less estimated costs to sell upon its classification as held for sale, and charges of $3.7 million related to the retirement of the Company's former Chief Financial Officer.

• The second quarter of 2016 included a loss of $1.0 million primarily consisting of impairment charges on certain assets related to the HomeSmart segment that have been sold or are held for sale.

• The third and fourth quarter of 2016 included restructuring expenses of $4.7 million and $15.5 million, respectively. See Note 10 for further discussion of restructuring activities.

• The fourth quarter of 2015 included $2.7 million of transaction costs related to the October 15, 2015 DAMI acquisition and a $3.5 million loss related to a lease termination on a Company aircraft.