Quarterly Results of Operations (Unaudited)

The following table sets forth certain quarterly information for fiscal years 2018 and 2017. This information, in the opinion of the Company’s management, reflects all adjustments (consisting only of normal recurring adjustments) necessary to present fairly this information when read in conjunction with the consolidated financial statements and notes thereto included elsewhere herein (amounts in thousands except per share data):



	Fiscal Year 2018 Quarters Ended
	Jun-30		Sep-30		Dec-31		Mar-31
Net sales	$	274,000	$	301,471	$	306,408	$	318,047
Gross margin	74,437		85,076		92,461		88,419
Operating income (loss) ⁽¹⁾	27,784		31,643		32,077		21,799
Net income (loss)	$	220,606	$	12,849	$	18,641	$	2,433

Net income (loss) per basic share	$	4.66	$	0.26	$	0.33	$	0.04

Net income (loss) per diluted share	$	3.82	$	0.22	$	0.32	$	0.04



	Fiscal Year 2017 Quarters Ended
	Jun-30			Sep-30			Dec-31		Mar-31
Net sales	$	184,935		$	187,308		$	188,029	$	197,519
Gross margin ⁽²⁾	42,752			46,516			47,478		50,181
Operating income (loss) ^{(1) (2)}	9,298			3,374			14,182		8,942
Net income (loss)	$	(12,205	)	$	(4,998	)	$	12,278	$	52,914

Net income (loss) per basic share	$	(0.26	)	$	(0.11	)	$	0.26	$	1.13

Net income (loss) per diluted share	$	(0.26	)	$	(0.11	)	$	0.22	$	0.93

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⁽¹⁾Operating income (loss) as a percentage of net sales fluctuates from quarter to quarter due to a number of factors, including net sales fluctuations, foreign currency exchange, restructuring charges, product mix, the timing and expense of moving product lines to lower-cost locations, the write-down of long lived assets, the net gain/loss on sales and disposals of assets and the relative mix of sales among distributors, original equipment manufacturers, and electronic manufacturing service providers.

⁽²⁾Quarters ended in fiscal year 2017 adjusted due to the adoption of ASU No. 2017-07.