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QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Mar. 31, 2015
QUARTERLY FINANCIAL DATA (UNAUDITED)  
QUARTERLY FINANCIAL DATA (UNAUDITED)

22. QUARTERLY FINANCIAL DATA (UNAUDITED)

        The following table contains unaudited quarterly financial data for fiscal years 2015 and 2014.

                                                                                                                                                                                    

 

 

Fiscal Year Ended March 31, 2015

 

Fiscal Year Ended March 31, 2014

 

 

 

First

 

Second

 

Third

 

Fourth

 

First

 

Second

 

Third

 

Fourth

 

 

 

(In thousands, except per share amounts)

 

Net sales

 

$

6,642,745 

 

$

6,528,517 

 

$

7,025,054 

 

$

5,951,600 

 

$

5,791,125 

 

$

6,410,106 

 

$

7,183,442 

 

$

6,723,934 

 

Gross profit

 

 

380,785 

 

 

377,081 

 

 

408,657 

 

 

378,817 

 

 

311,035 

 

 

368,423 

 

 

398,619 

 

 

362,144 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income

 

 

173,887 

 

 

138,903 

 

 

152,899 

 

 

135,112 

 

 

59,257 

 

 

118,205 

 

 

145,157 

 

 

42,975 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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​  

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Earnings per share(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.30 

 

$

0.24 

 

$

0.26 

 

$

0.24 

 

$

0.09 

 

$

0.19 

 

$

0.24 

 

$

0.07 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Diluted

 

$

0.29 

 

$

0.23 

 

$

0.26 

 

$

0.23 

 

$

0.09 

 

$

0.19 

 

$

0.23 

 

$

0.07 

 

​  

​  

​  

​  

​  

​  

​  

​  

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(1)

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.

        The Company recorded restructuring charges during fiscal year 2014. The Company classified approximately $35.1 million and $23.5 million of these charges as a component of cost of sales during the first and fourth quarters of fiscal year 2014, respectively, and approximately $5.6 million and $11.1 million of these charges as a component of selling, general and administrative expenses during the first and fourth quarters of fiscal year 2014, respectively.