Note 13 - Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 30, 2017

Notes to Financial Statements

Quarterly Financial Information [Text Block]

1

3

. Selected Quarterly Financial Data (Unaudited)

The quarterly periods for

201

7

are for the

13

-weeks ended

December 30, 2017,

September 30, 2017,

July 1, 2017,

and

April 1, 2017,

respectively. The quarterly periods for

2016

are for the

13

-weeks ended

December 31, 2016,

October 1, 2016,

July 2, 2016,

and

April 2, 2016,

respectively.

(in thousands, except per share data )
	2017									2016
	4Q (a)			3 Q (b )		2 Q (c )		1 Q (d )		4Q (e )		3 Q (f )		2 Q (g )		1 Q (h )
Net sales	$	304,849		$	317,889	$	313,355	$	285,441	$	284,518	$	280,331	$	271,912	$	219,398
Gross profit		126,624			133,651		132,608		113,650		114,337		113,759		97,866		87,155
Operating income		50,780			58,609		60,270		48,852		40,988		27,526		29,702		32,428
Net income/(loss)		(10,819	)		42,808		48,638		38,891		27,245		30,802		27,152		19,289
Net income/(loss per share
Basic	$	(0.48	)	$	1.88	$	2.13	$	1.71	$	1.20	$	1.36	$	1.21	$	0.86
Diluted	$	(0.48	)	$	1.87	$	2.11	$	1.69	$	1.19	$	1.35	$	1.20	$	0.85

( a)	In the fourth quarter of 2017, the Company recorded an estimated one -time tax charge of $49 million for the enactment of the Tax Cuts and Jobs Act for deemed repatriation of unremitted earnings of foreign subsidiaries, $1.4 million in acquisition and integration costs and $0.7 million in restructuring and production costs related to the transfer of Asian operations.
( b)	In the third quarter of 2017, the Company recorded $4.8 million in acquisition and integration costs and $1.5 million in restructuring and production costs related to the transfer of Asian operations.
( c)	In the second quarter of 2017, the Company recorded $0.3 million in acquisition and integration costs.
( d)	In the first quarter of 2017, the Company $1.5 million in acquisition and integration costs
( e)	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.
( f)	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.
( g)	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.
( h)	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.