The following table summarizes quarterly financial results in fiscal 2013 and 2012. In our opinion, all adjustments necessary to present fairly the information for such quarters have been reflected (dollars in thousands, except per share data):


	For the Year Ended April 30, 2013
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Full Year
Net sales	$	135,995		$	136,560		$	136,242		$	178,717		$	587,514
Gross profit		51,293			48,523			50,099			68,488	(a)		218,403
Income from continuing operations, net of tax		18,869			16,401			17,506			28,630			81,406
Income/(loss) from discontinued operations, net of tax		(1,083	)		4,784			(2,930	)		(3,464	)		(2,693	)
Net income	$	17,787		$	21,184		$	14,576		$	25,166		$	78,713
Per common share
Basic — continuing operations	$	0.29		$	0.25		$	0.27		$	0.45		$	1.25
Diluted — continuing operations	$	0.28		$	0.24		$	0.26		$	0.44		$	1.22
Basic — net income/(loss)	$	0.27		$	0.32		$	0.22		$	0.39		$	1.21
Diluted — net income/(loss)	$	0.27		$	0.31		$	0.22		$	0.38		$	1.18
Market price (low-high)	$	6.07-10.25		$	7.40-11.24		$	7.67-11.25		$	8.25-10.63		$	6.07-11.25

	For the Year Ended April 30, 2012
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Full Year
Net sales	$	91,730		$	92,299		$	98,125		$	129,843		$	411,997
Gross profit		26,516			24,606			30,004			46,863			127,989
Income from continuing operations, net of tax		2,275			948			5,393			17,817			26,433
Loss from discontinued operations, net of tax		(1,485	)		(2,539	)		(955	)		(5,349	)		(10,328	)
Net income/(loss)	$	790		$	(1,591	)	$	4,438		$	12,468		$	16,105
Per common share
Basic — continuing operations	$	0.04		$	0.01		$	0.08		$	0.27		$	0.41
Diluted — continuing operations	$	0.04		$	0.01		$	0.08		$	0.27		$	0.40
Basic — net income/(loss)	$	0.01		$	(0.02	)	$	0.07		$	0.19		$	0.25
Diluted — net income/(loss)	$	0.01		$	(0.02	)	$	0.07		$	0.19		$	0.25
Market price (low-high)	$	2.63-3.67		$	2.29-3.39		$	2.72-5.20		$	4.93-8.60		$	2.29-8.60

(a)	Gross profit for the fourth fiscal quarter included a $3.0 million adjustment for the recall of our Thompson/Center Arms bolt action rifles.