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Quarterly Results (Unaudited)
12 Months Ended
Mar. 30, 2019
Quarterly Financial Data [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)

The following quarterly results have been derived from our audited annual consolidated financial statements. In the opinion of management, this unaudited quarterly information has been prepared on the same basis as the annual consolidated financial statements and includes all adjustments, including normal recurring adjustments, necessary for a fair presentation of this quarterly information. This information should be read along with the financial statements and related notes. The operating results for any quarter are not necessarily indicative of results to be expected for any future period.
The unaudited quarterly statement of operations data for each quarter of fiscal years 2019 and 2018 were as follows (in thousands, except per share data):
 
 
Fiscal Year 2019
 
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
Net sales
 
$
254,483

 
$
366,305

 
$
324,295

 
$
240,441

Gross profit
 
124,559

 
185,119

 
163,180

 
124,639

Net income (loss)
 
(4,272
)
 
58,173

 
29,933

 
6,157

Basic income (loss) per share
 
$
(0.07
)
 
$
0.96

 
$
0.50

 
$
0.10

Diluted income (loss) per share
 
(0.07
)
 
0.93

 
0.49

 
0.10

 
 
 
Fiscal Year 2018
 
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter
Net sales
 
$
320,735

 
$
425,537

 
$
482,741

 
$
303,173

Gross profit
 
161,716

 
211,282

 
235,088

 
152,630

Net income
 
42,912

 
73,300

 
33,779

 
12,004

Basic income per share
 
$
0.67

 
$
1.16

 
$
0.53

 
$
0.19

Diluted income per share
 
0.64

 
1.10

 
0.52

 
0.19