
	2016 ⁽¹⁾
(in thousands, except per share amounts)	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Revenue	$	178,858	$	188,996	$	182,802	$	199,610
Gross profit		122,348		128,896		122,365		137,401
Income from operations		14,125		6,360		5,498		11,776
Income before provision for income taxes		13,493		5,498		5,515		10,696
Net income		10,400		4,536		3,301		8,749
Net earnings per share, basic	$	0.14	$	0.06	$	0.04	$	0.11

Net earnings per share, diluted	$	0.13	$	0.06	$	0.04	$	0.11

⁽¹⁾

The Company elected to early adopt ASU 2016-09 in the fourth quarter of 2016, which requires, among other things, excess tax benefits to be recorded as a reduction of the provision for income taxes in the consolidated statement of operations, whereas they were previously recognized in equity. The Company is required to reflect any adoption adjustments as of January 1, 2016, the beginning of the annual period that includes the period of adoption. As such, certain information above includes the impact of the ASU 2016-09 adoption. See Note 2 “Significant Accounting Policies—New accounting pronouncements” for additional information related to this adoption.


	2015
(in thousands, except per share amounts)	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Revenue	$	153,918	$	162,019	$	162,403	$	204,355
Gross profit		103,859		107,238		106,962		151,190
Income from operations		11,909		5,250		10,711		36,791
Income before provision for income taxes		9,260		4,501		10,246		36,498
Net income		5,935		3,104		6,325		20,958
Net earnings per share, basic	$	0.08	$	0.04	$	0.08	$	0.27

Net earnings per share, diluted	$	0.08	$	0.04	$	0.08	$	0.26