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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Sep. 30, 2016
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 2016
 
December 31
 
March 31
 
June 30
 
September 30
Total revenue
 
$
344,449

 
$
385,607

 
$
459,937

 
$
632,121

Gross profit (a)
 
57,582

 
59,566

 
77,653

 
102,406

Operating income
 
9,148

 
3,030

 
16,309

 
30,838

Net income (loss) from continuing operations (b)
 
1,199

 
(1,312
)
 
6,107

 
(789
)
Basic EPS from continuing operations (c)
 
$
0.04

 
$
(0.04
)
 
$
0.19

 
$
(0.03
)
Diluted EPS from continuing operations (c)
 
$
0.04

 
$
(0.04
)
 
$
0.19

 
$
(0.03
)
 
 
 
 
 
 
 
 
 
Fiscal 2015
 
 
 
 
 
 
 
 
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 (c)
 
$
(0.68
)
 
$
(0.08
)
 
$
0.46

 
$
11.42

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

 
$
11.16

(a) 
Gross profit in fiscal 2016 and 2015 includes inventory impairment and abandonments as follows:
(In thousands)
 
Fiscal 2016
 
Fiscal 2015
1st Quarter
 
$
1,356

 
$

2nd Quarter
 
1,825

 

3rd Quarter
 
11,917

 
249

4th Quarter
 
184

 
2,860

 
 
$
15,282

 
$
3,109


(b) Net income (loss) from continuing operations in fiscal 2016 and 2015 includes gain (loss) on extinguishment of debt as follows:
(In thousands)
 
Fiscal 2016
 
Fiscal 2015
1st Quarter
 
$
(828
)
 
$

2nd Quarter
 
(1,631
)
 

3rd Quarter
 
429

 

4th Quarter
 
(11,393
)
 
(80
)
 
 
$
(13,423
)
 
$
(80
)

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.
(c) Amounts shown above for EPS for the quarterly periods are calculated separately from the full fiscal year amounts. Accordingly, quarterly amounts will not add to the respective annual amount.