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Quarterly Results (Unaudited) (Tables)
12 Months Ended
Dec. 30, 2017
Quarterly Results

In management’s opinion, the following unaudited information includes all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the information for the quarters presented. The operating results for any quarter are not necessarily indicative of results for any future quarters.

 

    For Quarters Ended  
    December 30,
2017 (2)
    September 30,
2017
    July 1,
2017
    April 1,
2017
    December 31,
2016 (1)
    September 24,
2016
    June 25,
2016
    March 26,
2016
 
    (13 weeks)     (13 weeks)     (13 weeks)     (13 weeks)     (14 weeks)     (13 weeks)     (13 weeks)     (13 weeks)  
    (In thousands, except per share data)  

Net revenue

  $ 206,320     $ 247,047     $ 247,930     $ 161,695     $ 219,370     $ 253,433     $ 244,816     $ 188,827  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

    108,037       131,501       134,019       76,344       107,656       133,607       126,876       91,531  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

    14,863       51,496       45,288       4,028       34,325       50,309       41,788       11,237  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income

  $ 30,530     $ 33,683     $ 29,125     $ 5,711     $ 22,166     $ 31,530     $ 26,621     $ 7,032  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share — basic

  $ 2.60     $ 2.82     $ 2.38     $ 0.46     $ 1.77     $ 2.53     $ 2.11     $ 0.55  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share — diluted

  $ 2.57     $ 2.78     $ 2.35     $ 0.45     $ 1.75     $ 2.48     $ 2.06     $ 0.53  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) During the fourth quarter of 2016, the Company recorded a $3.6 million decrease in stock-based compensation expense related to the planned retirement of the Company’s Chief Executive Officer in 2018.
(2) During the fourth quarter of 2017, the Company recorded a $20.3 million tax benefit due to the Tax Cuts and Jobs Act of 2017.