Quarterly Financial Data (Unaudited)

12 Months Ended

Aug. 31, 2012

Quarterly Financial Data (Unaudited)

Note 21 — Quarterly Financial Data (Unaudited)

Fiscal 2012	First Quarter		Second Quarter			Third Quarter			Fourth Quarter			Total
	(Dollars in thousands, except per share data)
Sales	$	90,746	$	86,188		$	92,924		$	91,505		$	361,363
Cost of sales		78,938		76,787			81,470			80,258			317,453
Gross margin		11,808		9,401			11,454			11,247			43,910
Net income (loss)		592		(340	)		(5,452	)		(4,366	)		(9,566	)
Earnings (loss) per common share:
Basic	$	0.05	$	(0.03	)	$	(0.44	)	$	(0.35	)	$	(0.78	)
Diluted	$	0.05	$	(0.03	)	$	(0.44	)	$	(0.35	)	$	(0.78	)
Dividends declared	$	—	$	—		$	—		$	—		$	—

Fiscal 2011	First Quarter		Second Quarter			Third Quarter			Fourth Quarter			Total
	(Dollars in thousands, except per share data)
Sales	$	72,266	$	74,304		$	85,233		$	83,638		$	315,441
Cost of sales		63,009		67,461			74,815			76,321			281,606
Gross margin		9,257		6,843			10,418			7,317			33,835
Net income (loss)		336		(1,575	)		(709	)		(3,169	)		(5,117	)
Earnings (loss) per common share:
Basic	$	0.03	$	(0.13	)	$	(0.06	)	$	(0.26	)	$	(0.42	)
Diluted	$	0.03	$	(0.13	)	$	(0.06	)	$	(0.26	)	$	(0.42	)
Dividends declared	$	—	$	—		$	—		$	—		$	—

In the fourth quarter of fiscal 2012, the Company redeemed $28.9 million of its outstanding Series A Preferred Stock at the original issue price of $23.5 million plus accrued dividends of $5.4 million. As a result of the early redemption, the Company recorded accelerated discount accretion of $3.2 million and amortization of issuance costs of $0.6 million as a loss on redemption in other non-operating income (expense). See Note 6.