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Quarterly Financial Data (Unaudited)
 12 Months Ended
Aug. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Note 18.     Quarterly Financial Data (Unaudited)
Quarterly financial data for fiscal 2017 and fiscal 2016 is as follows:
 
 
 
Year Ended August 31, 2017
 
 
First
 
Second
 
Third
 
Fourth
 
Total
Net sales
 
$
265,793

 
$
258,869

 
$
295,427

 
$
275,695

 
$
1,095,784

Gross profit
 
93,067

 
87,326

 
102,804

 
96,520

 
379,717

Net earnings (loss)
 
4,965

 
5,074

 
22,511

 
(98,764
)
 
(66,213
)
Net earnings (loss) per share:
 


 


 


 


 


Basic
 
$
0.08

 
$
0.09

 
$
0.38

 
$
(1.65
)
 
$
(1.11
)
Diluted
 
0.08

 
0.08

 
0.37

 
(1.65
)
 
(1.11
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended August 31, 2016
 
 
First
 
Second
 
Third
 
Fourth
 
Total
Net sales
 
$
305,011

 
$
263,289

 
$
305,341

 
$
275,769

 
$
1,149,410

Gross profit
 
108,562

 
91,030

 
107,526

 
96,279

 
403,397

Net earnings (loss)
 
15,448

 
(159,190
)
 
21,166

 
17,402

 
(105,174
)
Net earnings (loss) per share:
 


 


 


 


 


Basic
 
$
0.26

 
$
(2.70
)
 
$
0.36

 
$
0.30

 
$
(1.78
)
Diluted
 
$
0.26

 
$
(2.70
)
 
$
0.36

 
$
0.29

 
$
(1.78
)

The sum of the quarters may not equal the total of the respective year’s earnings (loss) per share on either a basic or diluted basis due to changes in the weighted average shares outstanding during the year.

During the fourth quarter of fiscal 2017 the Company recognized impairment and other divestiture charges of $117.0 million (see Note 5, "Divestitures Activities").

During the second quarter of fiscal 2016 the Company recognized impairment charges of $186.5 million (see Note 6, "Goodwill, Intangible Assets and Long-Lived Assets").