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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)

Selected summarized quarterly financial information is as follows for the periods presented:
(In thousands, except per share data)
 
Quarter Ended
Fiscal 2015
 
December 31
 
March 31
 
June 30
 
September 30
Total revenue
 
$
265,764

 
$
299,359

 
$
429,438

 
$
632,852

Gross profit (a)
 
35,218

 
53,913

 
76,108

 
107,205

Operating (loss) income
 
(9,490
)
 
6,436

 
17,696

 
36,945

Net (loss) income from continuing operations (b)
 
(18,086
)
 
(2,060
)
 
12,221

 
354,524

Basic EPS from continuing operations
 
$
(0.68
)
 
$
(0.08
)
 
$
0.46

 
$
11.42

Diluted EPS from continuing operations
 
$
(0.68
)
 
$
(0.08
)
 
$
0.38

 
$
11.16

 
 
 
 
 
 
 
 
 
Fiscal 2014
 
 
 
 
 
 
 
 
Total revenue
 
$
293,170

 
$
270,021

 
$
354,671

 
$
545,905

Gross profit (a)
 
54,670

 
52,172

 
68,804

 
87,813

Operating income
 
11,532

 
5,617

 
15,088

 
23,452

Net (loss) income from continuing operations (b)
 
(3,948
)
 
(8,224
)
 
(13,193
)
 
60,288

Basic EPS from continuing operations
 
$
(0.16
)
 
$
(0.32
)
 
$
(0.50
)
 
$
2.28

Diluted EPS from continuing operations
 
$
(0.16
)
 
$
(0.32
)
 
$
(0.50
)
 
$
1.90


(a) 
Gross profit in fiscal 2015 and 2014 includes inventory impairment and option contract abandonments as follows:
(In thousands)
 
Fiscal 2015
 
Fiscal 2014
1st Quarter
 
$

 
$
31

2nd Quarter
 

 
880

3rd Quarter
 
249

 
2,010

4th Quarter
 
2,860

 
5,386

 
 
$
3,109

 
$
8,307



(b) 
Net (loss) income from continuing operations in fiscal 2015 and 2014 includes loss on extinguishment of debt (as follows).
(In thousands)
 
Fiscal 2015
 
Fiscal 2014
1st Quarter
 
$

 
$

2nd Quarter
 

 
(153
)
3rd Quarter
 

 
(19,764
)
4th Quarter
 
(80
)
 

 
 
$
(80
)
 
$
(19,917
)

Additionally, net income from continuing operations for the quarter ended September 30, 2015 includes the $335.2 million release of a substantial portion of the valuation allowance on our deferred tax assets; refer to discussion in Note 13.