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Quarterly Data and Share Information (Unaudited)
 12 Months Ended
Dec. 29, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data and Share Information (Unaudited) QUARTERLY DATA AND SHARE INFORMATION (UNAUDITED)
 
The following tables set forth, for the fiscal periods indicated, selected consolidated financial data and information regarding the market price per share of the Company’s Common Stock. The prices represent the reported high and low sale prices during the period presented.
 
 
FISCAL YEAR 2019
 
FIRST
QUARTER(1)
 
SECOND
QUARTER(2)
 
THIRD
QUARTER(3)
 
FOURTH
QUARTER(4)
 
(in thousands, except per share data)
Net sales
$
297,688

 
$
357,507

 
$
348,352

 
$
339,482

Gross profit
115,398

 
138,590

 
135,762

 
135,704

Net income
7,059

 
29,499

 
26,210

 
16,432

 
 
 
 
 
 
 
 
Basic income per share
$
0.12

 
$
0.50

 
$
0.45

 
$
0.28

 
 
 
 
 
 
 
 
Diluted income per share
$
0.12

 
$
0.50

 
$
0.45

 
$
0.28

 
 
 
 
 
 
 
 
Share prices
 
 
 
 
 
 
 
High
$
19.40

 
$
17.22

 
$
15.84

 
$
17.68

Low
$
13.87

 
$
14.30

 
$
10.37

 
$
13.32


 

(1)
Results for the first quarter of 2019 include purchase accounting amortization of $1.9 million.
(2)
Results for the second quarter of 2019 include purchase accounting amortization of $1.3 million.
(3)
Results for the third quarter of 2019 include purchase accounting amortization of $1.3 million and restructuring and other charges of $0.7 million.
(4)
Results for the fourth quarter of 2019 include purchase accounting amortization of $1.3 million and restructuring and other charges of $12.3 million.

 
FISCAL YEAR 2018
 
FIRST
QUARTER
 
SECOND
QUARTER(1)
 
THIRD
QUARTER(2)
 
FOURTH
QUARTER(3)
 
(in thousands, except per share data)
Net sales
$
240,563

 
$
283,626

 
$
318,325

 
$
337,059

Gross profit
93,582

 
109,148

 
99,945

 
121,682

Net income
15,084

 
20,602

 
8,172

 
6,395

 
 
 
 
 
 
 
 
Basic income per share
$
0.25

 
$
0.35

 
$
0.14

 
$
0.11

 
 
 
 
 
 
 
 
Diluted income per share
$
0.25

 
$
0.35

 
$
0.14

 
$
0.11

 
 
 
 
 
 
 
 
Share prices
 
 
 
 
 
 
 
High
$
26.25

 
$
26.10

 
$
24.50

 
$
23.50

Low
$
22.10

 
$
21.25

 
$
21.70

 
$
13.45


 
 
(1)
Results for the second quarter of 2018 include transaction related expenses of $5.8 million.
(2)
Results for the third quarter of 2018 include purchase accounting amortization of $20.3 million and transaction related expenses of $2.4 million.
(3)
Results for the fourth quarter of 2018 include tax benefit of $6.7 million as a result of the finalization of the Company’s analysis of the U.S. Tax Cuts and Jobs Act, as well as restructuring and asset impairment charges of $20.5 million. Results for the fourth quarter of 2018 include purchase accounting amortization of $11.8 million and transaction related expense of $1.2 million.