Schedule of quarterly financial information |
Selected summarized quarterly financial information is as follows for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | in thousands, except per share data | Quarter Ended | Fiscal 2020 | December 31 | | March 31 | | June 30 | | September 30 | Total revenue | $ | 417,804 | | | $ | 489,413 | | | $ | 533,112 | | | $ | 686,748 | | Gross profit (a) | 63,137 | | | 78,845 | | | 89,058 | | | 116,600 | | Operating income | 3,946 | | | 16,424 | | | 23,151 | | | 35,586 | | Net income from continuing operations (b) | 2,804 | | | 10,615 | | | 15,270 | | | 24,627 | | Basic EPS from continuing operations (c) | $ | 0.09 | | | $ | 0.36 | | | $ | 0.51 | | | $ | 0.83 | | Diluted EPS from continuing operations (c) | $ | 0.09 | | | $ | 0.35 | | | $ | 0.51 | | | $ | 0.82 | | | | | | | | | | Fiscal 2019 | | | | | | | | Total revenue | $ | 402,040 | | | $ | 421,260 | | | $ | 482,738 | | | $ | 781,701 | | Gross profit (loss)(a) | 60,655 | | | (82,680) | | | 71,764 | | | 116,297 | | Operating income (loss) | 3,506 | | | (138,950) | | | 9,543 | | | 36,005 | | Net income (loss) from continuing operations (b) | 7,322 | | | (100,832) | | | 11,625 | | | 2,464 | | Basic EPS from continuing operations (c) | $ | 0.23 | | | $ | (3.28) | | | $ | 0.38 | | | $ | 0.08 | | Diluted EPS from continuing operations (c) | $ | 0.23 | | | $ | (3.28) | | | $ | 0.38 | | | $ | 0.08 | |
(a)Gross profit (loss) in fiscal 2020 and 2019 includes inventory impairment and abandonments as follows: | | | | | | | | | | | | in thousands | Fiscal 2020 | | Fiscal 2019 | 1st Quarter | $ | — | | | $ | 1,007 | | 2nd Quarter | — | | | 147,611 | | 3rd Quarter | 2,266 | | | — | | 4th Quarter | 637 | | | — | | | $ | 2,903 | | | $ | 148,618 | |
(b) Net income (loss) from continuing operations in fiscal 2020 and 2019 includes gain (loss) on extinguishment of debt as follows: | | | | | | | | | | | | in thousands | Fiscal 2020 | | Fiscal 2019 | 1st Quarter | $ | — | | | $ | — | | 2nd Quarter | — | | | 216 | | 3rd Quarter | — | | | 358 | | 4th Quarter | — | | | (25,494) | | | $ | — | | | $ | (24,920) | |
(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.
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