Quarterly Results (Unaudited)

12 Months Ended

Mar. 25, 2017

Quarterly Results (Unaudited) [Abstract]

Quarterly Results (Unaudited)

17.      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. 

As a result of the early adoption of ASU 2016-09, discussed in more detail in Note 2, the net income and EPS for the first two quarters of fiscal year 2017 have been recast to conform to the new presentation. 

The unaudited quarterly statement of operations data for each quarter of fiscal years 2017 and 2016 were as follows (in thousands, except per share data):

	Fiscal Year 2017
	1st		2nd		3rd		4th
	Quarter		Quarter		Quarter		Quarter
Net sales	$	259,428	$	428,619	$	523,029	$	327,864
Gross profit		126,685		211,699		255,152		164,279
Net income		18,071		86,039		122,041		35,058
Basic income per share	$	0.29	$	1.37	$	1.91	$	0.55
Diluted income per share		0.27		1.30		1.83		0.52

	Fiscal Year 2016
	1st		2nd		3rd		4th
	Quarter		Quarter		Quarter		Quarter
Net sales	$	282,633	$	306,756	$	347,863	$	231,999
Gross profit		132,454		142,221		164,911		115,254
Net income		33,354		34,880		41,384		14,012
Basic income per share	$	0.53	$	0.55	$	0.65	$	0.22
Diluted income per share		0.50		0.53		0.63		0.21