Summary of Quarterly Financial Information (Unaudited)



(in thousands, except per share amounts)	2019									2018
	First		Second		Third		Fourth			First			Second			Third		Fourth
Statement of Operations data:
Net revenues	$	76,525	$	70,870	$	67,421	$	69,142		$	73,091		$	74,231		$	75,490	$	76,982
Gross profit	33,051		28,609		25,790		24,167			28,505			31,366			30,580		30,816
Operating income	12,603		8,102		6,186		1,757			8,186			11,315			10,631		7,091
Net earnings	8,326		5,580		4,530		3,859			4,958			7,683			7,567		3,437
Less: net earnings attributable to noncontrolling interests	83		15		21		(12		)	(30		)	(10		)	20		19
Net earnings attributable to VPG stockholders	8,243		5,565		4,509		3,871			4,988			7,693			7,547		3,418
Per Share Data:^(b)
Basic earnings per share	$	0.61	$	0.41	$	0.33	$	0.29		$	0.37		$	0.57		$	0.56	$	0.25
Diluted earnings per share	$	0.61	$	0.41	$	0.33	$	0.28		$	0.37		$	0.57		$	0.56	$	0.25
Certain Items Recorded during the Quarters:
Acquisition purchase accounting adjustments	$	—	$	—	$	—	$	1,254		$	—		$	—		$	—	$	—
Acquisition costs	—		—		—		443			—			—			—		—
Executive severance costs	—		611		—		—			—			—			—		—
Impairment of goodwill and indefinite-lived intangibles	—		—		—		—			—			—			—		2,820
UK pension settlement	—		—		—					—			—			—		673
Restructuring costs	—		—		547		1,746			—			61			228		—
Tax effect of reconciling items and discrete tax items	—		—		80		3,663			—			9			35		(377		)

(a)

The Company reports interim financial information for the 13-week periods beginning on a Sunday and ending on a Saturday, except for the first fiscal quarter, which always begins on January 1, and the fourth fiscal quarter, which always ends on December 31. The first, second, third, and fourth quarters of 2019 ended on March 30, June 29, September 28, and December 31, respectively. The first, second, third, and fourth quarters of 2018 ended on March 31, June 30, September 29, and December 31, respectively.


(b)	Quarterly amounts may not agree in total to the corresponding annual amounts due to rounding.