15. Selected Quarterly Data (Unaudited)

The unaudited selected quarterly data for fiscal years ended May 31, 2019 and 2018 is as follows:


	First		Second		Third		Fourth		Full
Fiscal 2019	Quarter		Quarter		Quarter		Quarter		Year
Sales1	$	466.3	$	493.3	$	529.5	$	562.7	$	2,051.8
Operating income		22.4		16.8		29.8		29.3		98.3
Income from continuing operations		18.9		11.2		27.4		26.6		84.1
Loss from discontinued operations2		(3.8)		(4.2)		(64.8)		(3.8)		(76.6)
Net income (loss)		15.1		7.0		(37.4)		22.8		7.5
Earnings (Loss) per share - basic3
Continuing operations		0.54		0.32		0.79		0.77		2.42
Discontinued operations		(0.11)		(0.12)		(1.87)		(0.11)		(2.22)
Earnings per share - basic		0.43		0.20		(1.08)		0.66		0.20
Earnings (Loss) per share - diluted3
Continuing operations		0.54		0.32		0.78		0.76		2.40
Discontinued operations		(0.11)		(0.12)		(1.86)		(0.11)		(2.19)
Earnings per share - diluted		0.43		0.20		(1.08)		0.65		0.21


	First		Second		Third		Fourth		Full
Fiscal 2018	Quarter		Quarter		Quarter		Quarter		Year
Sales1	$	397.9	$	420.6	$	456.3	$	473.5	$	1,748.3
Operating income		17.1		21.8		24.3		22.8		86.0
Income from continuing operations		11.0		13.3		31.3		18.1		73.7
Loss from discontinued operations4		(0.4)		(35.8)		(15.8)		(6.1)		(58.1)
Net income		10.6		(22.5)		15.5		12.0		15.6
Earnings (Loss) per share - basic3
Continuing operations		0.32		0.39		0.91		0.53		2.14
Discontinued operations		(0.01)		(1.05)		(0.46)		(0.18)		(1.70)
Earnings per share - basic		0.31		(0.66)		0.45		0.35		0.44
Earnings (Loss) per share - diluted3
Continuing operations		0.32		0.38		0.90		0.52		2.11
Discontinued operations		(0.01)		(1.05)		(0.46)		(0.18)		(1.70)
Earnings per share - diluted		0.31		(0.67)		0.44		0.34		0.41

At the beginning of fiscal 2019, we adopted ASC 606 using a modified retrospective method and as a result, the comparative information has not been restated and is reported under accounting standards in effect for those years. See Note 1 for additional information.

On March 15, 2019, we signed an agreement to sell certain contracts and assets of our COCO business. In conjunction with this agreement and other expected asset sales, we recognized an impairment charge in discontinued operations of $74.1 million during the third quarter of fiscal 2019 reflecting the expected net proceeds to be received upon the completion of the sale transactions.

The earnings-per-share computation for the year is a separate, annual calculation. Accordingly, the sum of the quarterly earnings-per-share amounts does not necessarily equal the earnings per share for the year.

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Loss from discontinued operations in fiscal 2018 includes pre-tax aircraft and other asset impairment charges of $54.2 million in the second quarter and a goodwill impairment charge of $9.8 million in the third quarter.