NOTE 20 – QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following summarizes certain quarterly statement of operations data for each of the quarters in fiscal years 2018 and 2017 (in thousands, except percentages and per share data). The operating results in any quarter are not necessarily indicative of the results that may be expected for any future period. We derived this data from the unaudited consolidated interim financial statements that, in our opinion, have been prepared on substantially the same basis as the audited financial statements contained elsewhere in this report and include all normal recurring adjustments necessary for a fair presentation of the financial information for the periods presented. These unaudited quarterly results should be read in conjunction with the financial statements and notes thereto included elsewhere in this report.

	Fiscal 2018
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Revenues	$	88,081		$	89,767		$	93,669		$	94,395		$	365,912
Gross profit		37,443			36,838			38,187			38,422			150,890
Gross margin		42.5	%		41.0	%		40.8	%		40.7	%		41.2	%
Net income (loss)		(2,654	)		12,232			11,806			(4,767	)		16,617
Earnings (loss) per diluted share	$	(0.08	)	$	0.34		$	0.33		$	(0.13	)	$	0.46

	Fiscal 2017
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Revenues	$	91,147		$	90,479		$	83,350		$	86,126		$	351,102
Gross profit		34,834			37,614			35,117			35,787			143,352
Gross margin		38.2	%		41.6	%		42.1	%		41.6	%		40.8	%
Net income (loss)		(2,659	)		521			(1,527	)		(4,239	)		(7,904	)
Earnings (loss) per diluted share	$	(0.07	)	$	0.01		$	(0.04	)	$	(0.12	)	$	(0.22	)

The net loss in the fiscal 2018 first quarter and fiscal 2017 fourth quarter included a litigation provision of $6.1 million and $7.2 million, respectively. The net income in the fiscal 2018 second quarter and third quarter included a gain from legal settlement of $15.0 million and $13.3 million, respectively. All of these events were described in Note 18 – Legal Proceedings.