Quarterly Financial Data (Unaudited)

12 Months Ended

Sep. 28, 2019

The following is summarized quarterly financial data for fiscal 2019 and 2018 (in thousands, except per share amounts):



2019	First Quarter			Second Quarter		Third Quarter		Fourth Quarter		Total
Net sales	$	765,544		$	789,051	$	799,644	$	810,195	$	3,164,434
Gross profit	72,383			70,636		71,030		77,789		291,838
Net income ^(2,3,4)	22,226			24,758		24,801		36,831		108,616
Earnings per share ⁽¹⁾:
Basic	$	0.71		$	0.81	$	0.83	$	1.26	$	3.59
Diluted ⁽⁷⁾	$	0.69		$	0.79	$	0.81	$	1.23	$	3.50

2018	First Quarter			Second Quarter		Third Quarter		Fourth Quarter		Total
Net sales	$	677,294		$	698,651	$	726,385	$	771,178	$	2,873,508
Gross profit ⁽⁵⁾	63,523			52,952		67,821		73,304		257,600
Net (loss) income ^{(5, 6)}	(98,493		)	12,290		26,501		72,742		13,040
Earnings per share ⁽¹⁾:
Basic	$	(2.93	)	$	0.37	$	0.81	$	2.27	$	0.40
Diluted ⁽⁷⁾	$	(2.93	)	$	0.36	$	0.79	$	2.20	$	0.38

(1) The annual total amounts may not equal the sum of the quarterly amounts due to rounding. Earnings per share is computed independently for each quarter.

(2) The first quarter of fiscal 2019 results included $7.0 million of tax expense as a result of new regulations issued in November 2018 under Tax Reform. These regulations impacted the treatment of foreign taxes paid.

(3) The fourth quarter of fiscal 2019 results included restructuring costs of $1.7 million, $1.5 million net of taxes.

(4) The fourth quarter of fiscal 2019 results included the permanent reinvestment assertion of $10.5 million of certain historical undistributed earnings of two foreign subsidiaries.

(5) The second quarter of fiscal 2018 results included the $13.5 million one-time employee bonus.

(6) The first quarter of fiscal 2018 results included $124.5 million of tax expense as a result of the enactment of Tax Reform. The fourth quarter of fiscal 2018 results included $38.6 million of non-recurring tax benefits as well as a $3.6 million benefit due to the reversal of a valuation allowance on U.S. deferred tax assets. These benefits were partially offset by $1.1 million of tax expense for other special tax items. Refer to Note 6, "Income Taxes," for further details on Tax Reform.

(7) The first quarter of fiscal 2019 included $0.23 per share of tax expense as a result of U.S. Tax Reform. The fourth quarter of fiscal 2019 included $0.05 per share of expense related to restructuring costs and $0.35 per share tax benefit resulting from the permanent reinvestment assertion of certain historical undistributed earnings of two foreign subsidiaries.

The first quarter of fiscal 2018 included $3.59 per share of tax expense as a result of the enactment of U.S. Tax Reform and $0.09 per share that resulted from 1.1 million of weighted average potentially-dilutive shares that were excluded from the diluted shares calculation due to the net loss position. The second quarter of fiscal 2018 included $0.38 per share of expense related to the one-time employee bonus. The fourth quarter of fiscal 2018 included $1.24 per share of special tax benefits.