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Note 20 - Quarterly Data and Share Information (Unaudited)
 12 Months Ended
Dec. 30, 2018
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
NOTE
20
–
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 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 (loss)
    
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 price 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 price accounting amortization of
$11.8
million and transaction related expense of
$1.2
million.
 
 
   
FISCAL YEAR 2017
  
   
FIRST
QUARTER
(1)
    
SECOND
QUARTER
    
THIRD
QUARTER
    
FOURTH
QUARTER
(2)
  
   
(in thousands, except
per
share data)
  
Net sales
   $
221,102
     $
251,700
     $
257,431
     $
266,210
  
Gross profit
    
87,802
      
97,897
      
98,544
      
101,778
  
Net income
    
8,547
      
20,938
      
19,439
      
4,322
  
                                 
                                 
Basic income per share
   $
0.13
     $
0.33
     $
0.32
     $
0.07
  
                                 
                                 
Diluted income per share
   $
0.13
     $
0.33
     $
0.32
     $
0.07
  
                                 
Share prices
                                
High
   $
19.93
     $
21.05
     $
22.60
     $
25.70
  
Low
   $
17.18
     $
18.15
     $
18.30
     $
21.21
  
 
 
 
(
1
)
Results for the
first
quarter of
2017
include restructuring and asset impairment charges of
$7.3
million.
 
(
2
)
Results for the
fourth
quarter of
2017
include tax charges of
$15.2
million as a result of the U.S. Tax Cuts and Jobs Act.