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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Apr. 01, 2018
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 April 1, 2018 and March 26, 2017 is presented in the table below. For comparison purposes, fiscal quarter ended April 1, 2018 has fourteen weeks, all other quarters have thirteen weeks. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2018 Quarters Ended

 

Fiscal Year 2017 Quarters Ended

 

 

 

April 1,

 

December 24,

 

September 24,

 

June 25,

 

March 26,

 

December 25,

 

September 25,

 

June 26,

 

 

 

2018

 

2017

 

2017

 

2017

 

2017

 

2016

 

2016

 

2016

 

Revenues

    

$

148,920,100

    

$

146,260,300

    

$

145,083,500

    

$

140,010,800

    

$

122,602,900

    

$

147,198,400

    

$

134,633,800

    

$

128,860,000

 

Cost of goods sold

 

 

117,381,400

 

 

116,660,500

 

 

115,160,400

 

 

110,844,000

 

 

96,665,300

 

 

117,229,800

 

 

105,878,200

 

 

101,754,000

 

Gross profit

 

 

31,538,700

 

 

29,599,800

 

 

29,923,100

 

 

29,166,800

 

 

25,937,600

 

 

29,968,600

 

 

28,755,600

 

 

27,106,000

 

Selling, general and administrative expenses

 

 

30,357,600

 

 

27,413,200

 

 

26,674,400

 

 

27,881,500

 

 

26,890,400

 

 

27,860,700

 

 

26,709,500

 

 

26,955,700

 

Restructuring charges

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

806,600

 

 

 —

 

 

 —

 

 

 —

 

Operating expenses

 

 

30,357,600

 

 

27,413,200

 

 

26,674,400

 

 

27,881,500

 

 

27,697,000

 

 

27,860,700

 

 

26,709,500

 

 

26,955,700

 

Income (loss) from operations

 

 

1,181,100

 

 

2,186,600

 

 

3,248,700

 

 

1,285,300

 

 

(1,759,400)

 

 

2,107,900

 

 

2,046,100

 

 

150,300

 

Interest, net

 

 

89,500

 

 

114,500

 

 

156,500

 

 

68,600

 

 

(7,100)

 

 

37,100

 

 

17,200

 

 

11,400

 

Income (loss) before provision for income taxes

 

 

1,091,600

 

 

2,072,100

 

 

3,092,200

 

 

1,216,700

 

 

(1,752,300)

 

 

2,070,800

 

 

2,028,900

 

 

138,900

 

Provision for income taxes

 

 

(76,800)

 

 

501,900

 

 

1,318,300

 

 

533,800

 

 

(895,000)

 

 

843,100

 

 

1,034,700

 

 

58,400

 

Net income (loss)

 

$

1,168,400

 

$

1,570,200

 

$

1,773,900

 

$

682,900

 

$

(857,300)

 

$

1,227,700

 

$

994,200

 

$

80,500

 

Diluted earnings (loss) per share

 

$

0.14

 

$

0.19

 

$

0.21

 

$

0.08

 

$

(0.10)

 

$

0.15

 

$

0.12

 

$

0.01

 

Cash dividends declared per common share

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.20