SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized fiscal quarterly financial data for 2016 and 2015 is as follows:



Fiscal Year 2016	First			Second			Third			Fourth			Year
(In thousands, except per share amounts) (a)
Net sales	$	1,312,575		$	1,203,155		$	1,105,498		$	1,579,211		$	5,200,439
Gross margin	517,681			486,423			441,992			653,323			2,099,419
Income (loss) from continuing operations	38,613			22,737			1,356			90,077			152,783
Income (loss) from discontinued operations	46			(22		)	20			1			45
Net income (loss)	38,659			22,715			1,376			90,078			152,828

Earnings (loss) per share - basic:
Continuing operations	$	0.80		$	0.51		$	0.03		$	2.04		$	3.37
Discontinued operations	—			—			—			—			—
	$	0.80		$	0.51		$	0.03		$	2.04		$	3.37

Earnings (loss) per share - diluted:
Continuing operations	$	0.79		$	0.51		$	0.03		$	1.99		$	3.32
Discontinued operations	—			—			—			—			—
	$	0.79		$	0.50		$	0.03		$	1.99		$	3.32

Fiscal Year 2015	First			Second			Third			Fourth			Year
(In thousands, except per share amounts) (a)
Net sales	$	1,280,455		$	1,209,686		$	1,116,474		$	1,583,967		$	5,190,582
Gross margin	504,116			475,834			440,007			647,229			2,067,186
Income (loss) from continuing operations	32,308			17,711			(1,703		)	94,692			143,008
(Loss) income from discontinued operations	(95		)	(75		)	195			(160		)	(135		)
Net income (loss)	32,213			17,636			(1,508		)	94,532			142,873

Earnings (loss) per share - basic:
Continuing operations	$	0.61		$	0.35		$	(0.03	)	$	1.93		$	2.83
Discontinued operations	—			—			—			—			—
	$	0.61		$	0.35		$	(0.03	)	$	1.93		$	2.83

Earnings (loss) per share - diluted:
Continuing operations	$	0.60		$	0.35		$	(0.03	)	$	1.91		$	2.81
Discontinued operations	—			—			—			—			—
	$	0.60		$	0.34		$	(0.03	)	$	1.91		$	2.80


(a)	Earnings per share calculations for each fiscal quarter are based on the applicable weighted-average shares outstanding for each period and the sum of the earnings per share for the four fiscal quarters may not necessarily be equal to the full year earnings per share amount.

In the fourth quarter of 2016, we realigned the merchandise categories to be consistent with the realignment of our merchandising team. Please see the Reclassifications section of note 1 to the consolidated financial statements for further discussion. The following table presents net sales data by merchandise category by quarter in 2016, as reclassified:



Fiscal Year 2016	First		Second		Third		Fourth		Year
(In thousands)
Furniture	$	357,057	$	249,276	$	272,639	$	316,393	$	1,195,365
Food	202,480		189,199		199,063		239,766		830,508
Consumables	196,301		203,096		198,907		225,178		823,482
Soft Home	183,925		166,566		178,632		214,236		743,359
Seasonal	184,636		216,493		77,183		260,794		739,106
Hard Home	99,958		101,251		98,140		138,226		437,575
Electronics, Toys, & Accessories	88,218		77,274		80,934		184,618		431,044
Net Sales	$	1,312,575	$	1,203,155	$	1,105,498	$	1,579,211	$	5,200,439