Quarterly Results of Operations

12 Months Ended

Oct. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)

(amounts in thousands except per share data)

The following is a summary of our consolidated quarterly results for each of the fiscal years ended October 31, 2017 and 2016:

For the Year Ended October 31, 2017	First Quarter		Second Quarter	Third Quarter	Fourth Quarter
Net revenues	$247,938		$273,031	$256,847	$264,170
Gross profit	23,800		33,216	28,855	27,912
Operating income (loss)	3,006		10,957	7,039	2,712
Provision (benefit) for income taxes	(76	)	2,323	4,439	434
Net income (loss)	$(2,018)		$4,229	$(1,982)	$(926)
Net income (loss) per share basic	$(0.11)		$0.24	$(0.11)	$(0.04)
Net income (loss) per share diluted	$(0.11)		$0.24	$(0.11)	$(0.04)
Weighted average number of shares:
Basic	17,720		17,858	18,559	23,055
Diluted	17,720		17,888	18,559	23,055

For the Year Ended October 31, 2016	First Quarter		Second Quarter	Third Quarter	Fourth Quarter
Net revenues	$251,055		$284,264	$248,832	$281,683
Gross profit	15,889		26,281	23,910	30,096
Operating income (loss)	(2,292)		8,724	5,798	6,240
Provision for income taxes	(1,911	)	364	1,344	(4,949	)
Net income (loss)	$(5,127)		$4,209	$(678)	$5,265
Net income (loss) per share basic	$(0.30)		$0.24	$(0.04)	$0.31
Net income (loss) per share diluted	$(0.30)		$0.24	$(0.04)	$0.31
Weighted average number of shares:
Basic	17,342		17,615	17,614	17,614
Diluted	17,342		17,620	17,614	17,629