(in thousands, except per common share data)



	Quarter ended
	Dec. 31		March 31			June 30		Sept. 30
Fiscal 2017
Revenue	$	45,175	$	45,615		$	45,739	$	45,105
Gross profit	21,453		21,902			22,485		21,334
Income from continuing operations (1)(2)	2,357		1,331			1,335		4,343
Income (loss) from discontinued operations, after income taxes	—		—			—		—
Net income (1)(2)	2,357		1,331			1,335		4,343
Basic net income per common share:
Continuing operations	0.09		0.05			0.05		0.16
Discontinued operations	—		—			—		—
Net income	0.09		0.05			0.05		0.16
Diluted net income per common share:
Continuing operations	0.09		0.05			0.05		0.16
Discontinued operations	—		—			—		—
Net income	0.09		0.05			0.05		0.16

Fiscal 2016
Revenue	$	50,259	$	50,162		$	52,130	$	50,454
Gross profit	24,357		24,742			25,977		24,604
Income from continuing operations (1)(2)	3,131		2,226			4,277		3,844
Income (loss) from discontinued operations, after income taxes	3,319		(89		)	—		—
Net income (1)(2)	6,450		2,137			4,277		3,844
Basic net income per common share:
Continuing operations	0.12		0.09			0.17		0.15
Discontinued operations	0.13		—			—		—
Net income	0.25		0.08			0.17		0.15
Diluted net income per common share:
Continuing operations	0.12		0.09			0.16		0.14
Discontinued operations	0.13		—			—		—
Net income	0.25		0.08			0.16		0.14


(1)	During fiscal 2017 and 2016, we recorded net tax benefits of $1.0 million and $1.5 million, respectively. We recorded a benefit of $0.1 million in the first quarter of fiscal 2017 resulting from the reversal of income tax reserves due to the

18. QUARTERLY FINANCIAL DATA (UNAUDITED)(CONTINUED)

expiration of the statutes of limitation from various U.S. and foreign tax jurisdictions. In the third quarter of fiscal 2017, we recorded a tax benefit of $0.7 million from the reversal of income tax reserves due to the expiration of the statutes of limitation from various U.S. and foreign tax jurisdictions. In the fourth quarter of fiscal 2017, we recorded a net tax benefit of $0.2 million, primarily from the reversal of income tax reserves due to the expiration of the statutes of limitation from various U.S. and foreign tax jurisdictions and state and foreign prior year true-up provision to return. We recorded a benefit of $0.7 million in the first quarter of fiscal 2016 resulting from the reinstatement of the research and development tax credit for calendar year 2015, reversal of income tax reserves due to the expiration of the statutes of limitation from various U.S. and foreign tax jurisdictions and reversal of tax reserves due to the resolution of tax audits. In the third quarter of fiscal 2016, we recorded a tax benefit of $0.5 million primarily due to the filing of an amended income tax return resulting in a domestic refund related to qualified manufacturing activities. In the fourth quarter of fiscal 2016, we recorded a net tax benefit of $0.2 million, primarily due to the filing of an additional amended income tax return resulting in an additional domestic refund related to qualified manufacturing activities, partially offset by an adjustment of the state rate on net deferred tax assets.


(2)	For continuing operations, we recorded business restructuring charges of $2.5 million ($1.6 million after tax) in the third quarter of fiscal 2017, $0.7 million ($0.4 million after tax) in the first quarter of fiscal 2016 and $0.1 million ($0.1 million after tax) in the second quarter of fiscal 2016.