15.

Selected Quarterly Financial Data (Unaudited)

The quarterly periods for

2016

are for the

-weeks ended

December

31,

2016,

October

2016,

July

2016,

and

April

2016,

respectively. The quarterly periods listed in the table below for

2015

are for the

-weeks ended

January

2016

and the

-weeks ended

September

26,

2015,

June

27,

2015,

and

March

28,

2015,

respectively.

(

n thousands, except per share data)

	2016								2015
	4Q (a)		3Q (b)		2Q (c)		1Q (d)		4Q (e)		3Q (f)		2Q (g)		1Q (h)
Net sales	$	284,518	$	280,331	$	271,912	$	219,398	$	220,020	$	215,510	$	222,021	$	210,313
Gross profit		114,337		113,759		97,866		87,155		82,706		86,182		85,281		76,330
Operating income		40,988		27,526		29,702		32,428		29,854		8,584		36,171		29,548
Net income		27,245		30,802		27,152		19,289		22,863		11,324		28,684		19,995
Net income per share:
Basic	$	1.20	$	1.36	$	1.21	$	0.86	$	0.93	$	0.50	$	1.26	$	0.88
Diluted	$	1.19	$	1.35	$	1.20	$	0.85	$	0.92	$	0.50	$	1.26	$	0.88

(a)

In the

fourth

quarter of

2016,

the company recorded

($0.1)

million gain related to the company’s transfer of its reed sensor manufacturing operations from the U.S. and China to the Philippines,

$1.2

million of restructuring costs,

$3.2

million in acquisition and integration costs and

$0.3

million in non-cash inventory charges related to the

2016

acquisitions.

(b)	In the third quarter of 2016, the company recorded $0.9 million of restructuring costs, $5.9 million in acquisition and integration costs, $14.8 million of charges related to the impairment of the custom products reporting unit and $0.5 million in non-cash inventory charges as noted above.

(c)

In the

second

quarter of

2016,

the company recorded

$0.7

million related to the reed sensor manufacturing transfer as noted above,

$0.1

million of restructuring costs,

$6.1

million in acquisition and integration costs,

$0.3

million in charges related to the closure of the manufacturing facility in Denmark and

$6.9

million in non-cash inventory charges as noted above.

(d)

In the

first

quarter of

2016,

the company recorded

$1.0

million related to the reed sensor manufacturing transfer as noted above,

$0.4

million of restructuring costs,

$6.2

million in acquisition and integration costs, and

$1.6

million in charges related to the closure of the manufacturing facility in Denmark.

(e)

In the

fourth

quarter of

2015,

the company recorded

$2.1

million related to the company’s transfer of its reed switch manufacturing operations from the U.S. and China to the Philippines,

($0.1)

million related to the reorganization of its internal legal structure,

$4.0

million in acquisition costs,

($0.3)

million in pension settlement refunds (See Note

10)

and

($0.3)

million in other.

(f)

In the

third

quarter of

2015,

the company recorded

$1.2

million related to the reed switch manufacturing transfer as noted above,

$0.9

million related to the company’s reorganization of its internal legal structure as noted above,

$0.3

million in acquisition costs,

$30.8

million in pension settlement and wind-up costs (See Note

10)

and

$0.1

million in other.

(g)

In the

second

quarter of

2015,

the company recorded

$0.9

million related to the reed switch manufacturing transfer as noted above,

$1.7

million related to the company’s reorganization of its internal legal structure as noted above,

$0.2

million in acquisition costs, and

$0.7

million in pension wind-up costs.

(h)

In the

first

quarter of

2015,

the company recorded

$1.0

million related to the reed switch manufacturing transfer as noted above,

$1.2

million in charges related to the reorganization of its internal legal structure as noted above,

$0.2

million in acquisition costs, and

$0.7

million in pension wind-up costs.