The following table summarizes the unaudited quarterly consolidated results of operations for fiscal 2016 and fiscal 2015:


(in thousands, except per share)	Three Months Ended
Fiscal 2016	August 31		November 30		February 29			May 31
Net sales	$	758,147	$	699,816	$	647,080		$	714,671
Gross margin		113,016		109,179		95,923			134,475
Impairment of long-lived assets (1)		3,000		22,962		-			-
Net earnings (2)		34,995		25,752		34,143			62,738
Net earnings attributable to controlling interest (2)		31,968		23,376		29,847			58,523
Earnings per share – basic (2)	$	0.50	$	0.37	$	0.48		$	0.95
Earnings per share – diluted (2)		0.48		0.36		0.47			0.92

Fiscal 2015	August 31		November 30		February 28			May 31
Net sales	$	862,414	$	871,012	$	804,785		$	846,023
Gross margin		129,507		125,223		98,491			110,312
Impairment of goodwill and long-lived assets (1)		1,950		14,235		81,600			2,344
Net earnings (loss)		48,820		31,455		(23,243	)		30,226
Net earnings (loss) attributable to controlling interest		44,168		29,462		(25,710	)		28,865
Earnings (loss) per share – basic	$	0.65	$	0.44	$	(0.39	)	$	0.45
Earnings (loss) per share – diluted		0.63		0.43		(0.39	)		0.44

(1)	For additional information regarding the Company’s impairment charges, refer to “Note C – Goodwill and Other Long-Lived Assets.”

(2)

Amounts are presented on a revised basis due to the adoption of amended accounting guidance related to the accounting for share-based payments in the fourth quarter of fiscal 2016. As a result of the adoption of this amended accounting guidance, net earnings and net earnings attributable to controlling interest for the three month periods ended August 31, 2015, November 30, 2015 and February 29, 2016 increased $558,000, $136,000 and $271,000, respectively, from the previously reported results. For additional information, refer to “Note A – Summary of Significant Accounting Policies – Recently Issued Accounting Standards.”