Quarterly Financial Data (Unaudited)

In the opinion of management, the following unaudited quarterly financial data from the 2018 transition period and fiscal 2017 and 2016 reflect all adjustments (consisting of normal recurring accruals), which are necessary to present a fair presentation of amounts shown for such periods. The Company’s fiscal year consists of either 52 weeks or 53 weeks of operations with the additional week of operations occurring in the fourth quarter. Fiscal 2017 consisted of 52 weeks, compared to fiscal 2016 which consisted of 53 weeks. The sum of the quarterly results may not equal the reported annual amounts due to rounding (dollars in thousands, except per share amounts).



	Quarter Ended
2018 Transition Period⁽¹⁾:	First Quarter		Second Quarter
Contract revenues	$	756,215	$	655,133
Costs of earned revenues, excluding depreciation and amortization	$	600,847	$	540,633
Gross profit	$	155,368	$	114,500
Net income	$	28,776	$	40,059
Earnings per common share - Basic	$	0.93	$	1.29
Earnings per common share - Diluted	$	0.90	$	1.24



	Quarter Ended
Fiscal 2017:	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Contract revenues	$	799,223	$	701,131	$	786,338	$	780,188
Costs of earned revenues, excluding depreciation and amortization	$	614,990	$	561,371	$	621,475	$	606,898
Gross profit	$	184,233	$	139,760	$	164,863	$	173,290
Net income	$	51,050	$	23,663	$	38,796	$	43,708
Earnings per common share - Basic	$	1.62	$	0.75	$	1.24	$	1.41
Earnings per common share - Diluted	$	1.59	$	0.74	$	1.22	$	1.38



	Quarter Ended
Fiscal 2016:	First Quarter⁽²⁾		Second Quarter		Third Quarter		Fourth Quarter
Contract revenues	$	659,268	$	559,470	$	664,645	$	789,159
Costs of earned revenues, excluding depreciation and amortization	$	506,978	$	450,284	$	520,408	$	605,909
Gross profit	$	152,290	$	109,186	$	144,237	$	183,250
Net income	$	30,824	$	15,473	$	33,083	$	49,360
Earnings per common share - Basic	$	0.94	$	0.47	$	1.02	$	1.57
Earnings per common share - Diluted	$	0.91	$	0.46	$	1.00	$	1.54

⁽¹⁾The second quarter of the 2018 transition period includes an income tax benefit associated with Tax Reform of approximately $32.2 million. This benefit primarily resulted from the re-measurement of the Company’s net deferred tax liabilities at a lower U.S. federal corporate income tax rate. The 2018 transition period also includes an income tax benefit of approximately $7.8 million for the tax effects of the vesting and exercise of share-based awards as a result of the application of ASU 2016-09. See Note 12, Income Taxes, for additional information regarding these tax benefits.

⁽²⁾ During the first quarter of fiscal 2016, the Company incurred a pre-tax charge of approximately $16.3 million for early extinguishment of debt in connection with the redemption of the Company’s 7.125% senior subordinated notes. See Note 11, Debt, for additional information regarding the Company’s debt transactions.