QUARTERLY FINANCIAL DATA (UNAUDITED) |
(22) QUARTERLY FINANCIAL DATA (UNAUDITED) The following tables present unaudited summarized financial data by quarter for the years ended June 30, 2017 and 2016 (in thousands, except per share data): | | | | | | | | | | | | | | | First | Second | Third | Fourth | | Quarter | Quarter | Quarter | Quarter | Fiscal Year 2017 | | | | | Net revenue | $ | 313,272 |
| $ | 358,500 |
| $ | 379,803 |
| $ | 403,098 |
| Gross profit | 174,769 |
| 182,486 |
| 202,555 |
| 214,815 |
| Net income | 58,095 |
| 246,184 |
| 71,338 |
| 73,860 |
| Net income attributable to non-controlling interest in Premier LP | (49,601 | ) | (181,173 | ) | (51,433 | ) | (53,845 | ) | Adjustment of redeemable limited partners' capital to redemption amount | 61,808 |
| 335,264 |
| (100,506 | ) | (333,742 | ) | Net income (loss) attributable to stockholders | $ | 70,302 |
| $ | 400,275 |
| $ | (80,601 | ) | $ | (313,727 | ) | | | | | | Weighted average shares outstanding: | | | | | Basic | 47,214 |
| 49,445 |
| 50,525 |
| 51,470 |
| Diluted | 142,962 |
| 141,308 |
| 50,525 |
| 51,470 |
| | | | | | Net income (loss) per share attributable to stockholders: | | | | | Basic | $ | 1.49 |
| $ | 8.10 |
| $ | (1.60 | ) | $ | (6.10 | ) | Diluted | $ | 0.26 |
| $ | 1.50 |
| $ | (1.60 | ) | $ | (6.10 | ) | | | | | | Fiscal Year 2016 | | | | | Net revenue | $ | 270,835 |
| $ | 291,669 |
| $ | 298,669 |
| $ | 301,421 |
| Gross profit | 161,712 |
| 179,072 |
| 186,576 |
| 178,178 |
| Net income | 52,253 |
| 60,995 |
| 71,557 |
| 50,356 |
| Net income attributable to non-controlling interest in Premier LP | (47,900 | ) | (49,817 | ) | (56,018 | ) | (39,812 | ) | Adjustment of redeemable limited partners' capital to redemption amount | 466,801 |
| (65,561 | ) | 284,409 |
| 91,101 |
| Net income (loss) attributable to stockholders | $ | 471,154 |
| $ | (54,383 | ) | $ | 299,948 |
| $ | 101,645 |
| | | | | | Weighted average shares outstanding: | | | | | Basic | 37,735 |
| 41,575 |
| 44,716 |
| 45,506 |
| Diluted | 145,560 |
| 41,575 |
| 145,018 |
| 144,621 |
| | | | | | Net income (loss) per share attributable to stockholders: | | | | | Basic | $ | 12.49 |
| $ | (1.31 | ) | $ | 6.71 |
| $ | 2.23 |
| Diluted | $ | 0.24 |
| $ | (1.31 | ) | $ | 0.43 |
| $ | 0.30 |
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