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Quarterly Results of Operations (Unaudited)
12 Months Ended
Mar. 27, 2016
Quarterly Results of Operations (Unaudited)  
Quarterly Results of Operations (Unaudited)

Note 20. Quarterly Results of Operations (Unaudited)

 

Summarized quarterly financial data for the fiscal years ended March 27, 2016 and March 29, 2015 is presented in the table below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2016 Quarters Ended

 

Fiscal Year 2015 Quarters Ended

 

 

 

March 27,

 

December 27,

 

September 27,

 

June 28,

 

March 29,

 

December 28,

 

September 28,

 

June 29,

 

 

 

2016

 

2015

 

2015

 

2015

 

2015

 

2014

 

2014

 

2014

 

Revenues

    

$

114,154,100

    

$

139,510,700

    

$

142,353,300

    

$

134,664,000

    

$

112,962,200

    

$

135,188,700

    

$

148,521,800

    

$

152,946,300

 

Cost of goods sold

 

 

91,135,200

 

 

110,057,300

 

 

111,841,600

 

 

105,682,100

 

 

88,650,400

 

 

106,367,800

 

 

116,160,800

 

 

120,801,500

 

Gross profit

 

 

23,018,900

 

 

29,453,400

 

 

30,511,700

 

 

28,981,900

 

 

24,311,800

 

 

28,820,900

 

 

32,361,000

 

 

32,144,800

 

Selling, general and administrative expenses

 

 

26,202,100

 

 

24,742,400

 

 

25,865,400

 

 

26,122,400

 

 

23,983,100

 

 

26,136,800

 

 

26,494,400

 

 

26,072,400

 

Restructuring charges

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

573,400

 

 

 —

 

 

 —

 

 

 —

 

Operating expenses

 

 

26,202,100

 

 

24,742,400

 

 

25,865,400

 

 

26,122,400

 

 

24,556,500

 

 

26,136,800

 

 

26,494,400

 

 

26,072,400

 

(Loss) income from operations

 

 

(3,183,200)

 

 

4,711,000

 

 

4,646,300

 

 

2,859,500

 

 

(244,700)

 

 

2,684,100

 

 

5,866,600

 

 

6,072,400

 

Interest, net

 

 

12,400

 

 

55,500

 

 

47,100

 

 

46,300

 

 

28,200

 

 

61,300

 

 

49,400

 

 

28,400

 

(Loss) income before provision for income taxes

 

 

(3,195,600)

 

 

4,655,500

 

 

4,599,200

 

 

2,813,200

 

 

(272,900)

 

 

2,622,800

 

 

5,817,200

 

 

6,044,000

 

Provision for income taxes

 

 

(1,205,800)

 

 

1,768,800

 

 

1,850,900

 

 

1,117,900

 

 

(41,000)

 

 

941,600

 

 

2,303,600

 

 

2,372,600

 

Net (loss) income

 

$

(1,989,800)

 

$

2,886,700

 

$

2,748,300

 

$

1,695,300

 

$

(231,900)

 

$

1,681,200

 

$

3,513,600

 

$

3,671,400

 

Diluted  (loss) earnings per share

 

$

(0.24)

 

$

0.35

 

$

0.33

 

$

0.20

 

$

(0.03)

 

$

0.20

 

$

0.42

 

$

0.44

 

Cash dividends declared per common share

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20