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QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Mar. 31, 2017
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)
The Company's third fiscal quarter ends on December 31, which are comprised of 92 days and 97 days for fiscal years 2017 and 2016, respectively. The fourth fiscal quarter and year ends on March 31 of each year, which is comprised of 90 days and 91 days for fiscal years 2017 and 2016, respectively. The first fiscal quarter ended on July 1, 2016, which is comprised of 92 days in the period, and June 26, 2015, which is comprised of 87 days in the period, respectively. The second fiscal quarter ended on September 30, 2016 and September 25, 2015, which are comprised of 91 days in both periods, respectively.
The following table contains unaudited quarterly financial data for fiscal years 2017 and 2016.
 
Fiscal Year Ended March 31, 2017
 
Fiscal Year Ended March 31, 2016
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
5,876,813

 
$
6,008,525

 
$
6,114,999

 
$
5,862,597

 
$
5,566,248

 
$
6,316,762

 
$
6,763,177

 
$
5,772,698

Gross profit (1)
405,995

 
313,691

 
416,455

 
384,804

 
352,341

 
396,916

 
452,467

 
406,337

Net income (loss) (2)
105,729

 
(2,508
)
 
129,469

 
86,874

 
110,850

 
122,977

 
148,910

 
61,344

Earnings per share (3):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.19

 
$
0.00

 
$
0.24

 
$
0.16

 
$
0.20

 
$
0.22

 
$
0.27

 
$
0.11

Diluted
$
0.19

 
$
0.00

 
$
0.24

 
$
0.16

 
$
0.19

 
$
0.22

 
$
0.27

 
$
0.11

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(1)
Gross profit for the second quarter of fiscal year 2017 was affected by $92.9 million of SunEdison bankruptcy related charges, as further described in Note 2.

(2)
Net income for the second quarter of fiscal year 2017 was affected by $92.9 million of SunEdison bankruptcy related charges, as further described in Note 2. Net income for the fourth quarter of fiscal year 2016 was affected by $61.0 million of bad debt reserve charges, also related to the SunEdison bankruptcy.

(3)
Earnings per share are computed independently for each quarter presented; therefore, the sum of the quarterly earnings per share may not equal the total earnings per share amounts for the fiscal year.