Summarized Quarterly Data (unaudited)

Each of our fiscal quarters consists of thirteen week periods, beginning on the first day after the end of the prior fiscal quarter, except that the fourth quarter in a year with 53 weeks (such as Fiscal 2017) includes 14 weeks. Following is a summary of our Fiscal 2016 and Fiscal 2015, quarterly results (in thousands, except per share amounts):



	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Fiscal 2016
Net sales	$	256,235		$	282,996		$	222,308		$	261,049		$	1,022,588
Gross profit	$	152,132		$	165,706		$	118,279		$	146,657		$	582,774
Operating income (loss)	$	32,006		$	38,689		$	(327	)	$	19,516		$	89,884
Net earnings (loss) from continuing operations	$	20,177		$	23,875		$	(1,598	)	$	12,045		$	54,499
Loss from discontinued operations, net of taxes	$	—		$	—		$	—		$	(2,038	)	$	(2,038	)
Net earnings (loss)	$	20,177		$	23,875		$	(1,598	)	$	10,007		$	52,461
Net earnings (loss) from continuing operations per share:
Basic	$	1.22		$	1.45		$	(0.10	)	$	0.73		$	3.30
Diluted	$	1.21		$	1.44		$	(0.10	)	$	0.72		$	3.27
Loss from discontinued operations, net of taxes, per share:
Basic	$	—		$	—		$	—		$	(0.12	)	$	(0.12	)
Diluted	$	—		$	—		$	—		$	(0.12	)	$	(0.12	)
Net earnings (loss) per share:
Basic	$	1.22		$	1.45		$	(0.10	)	$	0.61		$	3.18
Diluted	$	1.21		$	1.44		$	(0.10	)	$	0.60		$	3.15
Weighted average shares outstanding:
Basic	16,503			16,515			16,531			16,537			16,522
Diluted	16,617			16,623			16,531			16,689			16,649
Fiscal 2015
Net sales	$	260,394		$	250,689		$	198,624		$	259,583		$	969,290
Gross profit	$	154,392		$	151,086		$	107,889		$	144,738		$	558,105
Operating income	$	35,483		$	34,746		$	(1,166	)	$	28,451		$	97,514
Net earnings from continuing operations	$	21,323		$	21,050		$	(1,390	)	$	17,554		$	58,537
Loss from discontinued operations, net of taxes	$	(4,068	)	$	(23,070	)	$	(754	)	$	(83	)	$	(27,975	)
Net earnings (loss)	$	17,255		$	(2,020	)	$	(2,144	)	$	17,471		$	30,562



Net earnings from continuing operations per share:
Basic	$	1.30		$	1.28		$	(0.08	)	$	1.07		$	3.56
Diluted	$	1.29		$	1.27		$	(0.08	)	$	1.06		$	3.54
(Loss) earnings from discontinued operations, net of taxes, per share:
Basic	$	(0.25	)	$	(1.40	)	$	(0.05	)	$	(0.01	)	$	(1.70	)
Diluted	$	(0.25	)	$	(1.39	)	$	(0.05	)	$	(0.01	)	$	(1.69	)
Net earnings (loss) per share:
Basic	$	1.05		$	(0.12	)	$	(0.13	)	$	1.06		$	1.86
Diluted	$	1.04		$	(0.12	)	$	(0.13	)	$	1.05		$	1.85
Weighted average shares outstanding:
Basic	16,445			16,451			16,457			16,466			16,456
Diluted	16,525			16,547			16,457			16,600			16,559

The sum of the quarterly net earnings (loss) per share amounts may not equal the amounts for the full year due to rounding. The Fourth Quarter of Fiscal 2016 and Fiscal 2015 included a LIFO accounting credit of $3.6 million and charge of $0.3 million, respectively. The full year of Fiscal 2016 and Fiscal 2015 included a LIFO accounting credit of $5.9 million and a LIFO accounting charge of $0.3 million, respectively.