QUARTERLY FINANCIAL DATA (UNAUDITED)

A summary of the Company’s consolidated quarterly results of operations is as follows. The sum of the net income per share from continuing operations for each of the four quarters may not equal the net income per share for the full year, as presented, due to rounding.



	Three Months Ended
	June 30, 2017		March 31, 2017		December 31, 2016		September 30, 2016
Net sales	$	725,085	$	706,563	$	739,999	$	681,464
Gross profit	$	149,719	$	143,393	$	138,393	$	109,867
Operating income	$	8,587	$	47,067	$	41,400	$	13,751
Income before income taxes and equity in earnings of equity-method investees	$	2,749	$	39,556	$	37,656	$	9,182
Net income	$	313	$	31,328	$	27,185	$	8,604

Net income per common share:
Basic	$	—	$	0.30	$	0.26	$	0.08
Diluted	$	—	$	0.30	$	0.26	$	0.08

The quarter ended June 30, 2017 was impacted by impairment charges of $14,079 ($10,733 net of tax) related to indefinite-lived intangible assets (tradenames), as well as a $26,373 ($20,877 net of tax) impairment charge primarily related to long-lived assets associated with the exit of certain portions of our own-label chilled desserts business in the United Kingdom. Additionally, the quarter ended June 30, 2017 was impacted by $9,473 ($6,773 net of tax) related to professional fees associated with our internal accounting review.

The quarters ended March 31, 2017, December 31, 2016 and September 30, 2016 were impacted by $7,124 ($5,029 net of tax), $7,005 ($5,050 net of tax), and $5,960 ($4,112 net of tax), respectively, related to professional fees associated with our internal accounting review.



	Three Months Ended
	June 30, 2016			March 31, 2016		December 31, 2015		September 30, 2015
Net sales	$	737,547		$	736,663	$	743,437	$	667,727
Gross profit	$	150,081		$	159,908	$	166,261	$	137,881
Operating income (loss)	$	(65,138	)	$	71,148	$	90,078	$	54,272
Income/(loss) before income taxes and equity in earnings of equity-method investees	$	(77,572	)	$	72,863	$	80,713	$	42,404
Net income (loss)	$	(88,597	)	$	48,788	$	58,080	$	29,158

Net income (loss) per common share:
Basic	$	(0.86	)	$	0.47	$	0.56	$	0.28
Diluted	$	(0.86	)	$	0.47	$	0.56	$	0.28

The quarter ended June 30, 2016 was impacted by goodwill impairment charges recorded of $84,548 in the United Kingdom, impairment charges of $39,724 ($30,772 net of tax) related to indefinite-lived intangible assets (tradenames), as well as a $3,476 ($2,855 net of tax) impairment charge related to long-lived assets associated with the divestiture of certain portions of our own-label juice business in connection with our acquisition of Orchard House in the United Kingdom.

The quarter ended March 31, 2016 was impacted by a $9,013 ($6,231 net of tax) gain on fire insurance recovery as a result of fixed assets purchased with insurance proceeds that exceeded the net book value of fixed assets destroyed in the fire that occurred at our Tilda rice milling facility in the second quarter of fiscal 2015.