(Dollars in thousands, except per share amounts)


Year 2018	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Year
Net sales	$	386,448		$	388,944		$	347,612		$	378,823		$	1,501,827
Gross profit	$	49,991		$	53,559		$	23,673		$	36,304		$	163,527
Income from operations	$	27,634		$	31,270		$	7,688		$	19,213		$	85,805
Consolidated income (loss) before income taxes	$	13,687		$	12,930		$	(7,714	)	$	13,349		$	32,252
Income tax (provision) benefit	$	(3,370	)	$	(4,795	)	$	7,051		$	(5,177	)	$	(6,291	)
Consolidated net income (loss)	$	10,317		$	8,135		$	(663	)	$	8,172		$	25,961
Income (loss) per share ⁽¹⁾:
Basic ⁽¹⁾	$	0.07		$	(0.02	)	$	(0.37	)	$	0.61		$	0.29
Diluted ⁽¹⁾	$	0.07		$	(0.02	)	$	(0.37	)	$	0.61		$	0.29
Dividends declared per share	$	0.09		$	0.09		$	0.09		$	0.09		$	0.36
Statement of Comprehensive Income: Other comprehensive income (loss), net of tax ⁽¹⁾	$	34,901		$	(53,178	)	$	21,960		$	(20,057	)	$	(16,374	)

⁽¹⁾

Subsequent to the issuance of the September 30, 2018 interim financial statements, the Company identified an error related to the classification of foreign currency translation adjustments associated with the European non-controlling redeemable equity within the June 30, 2018 and September 30, 2018 Condensed Consolidated Statements of Shareholders’ Equity and Condensed Consolidated Statements of Comprehensive Income. As a result, in the fourth quarter of 2018, the Company reclassified $2.9 million of European non-controlling redeemable equity translation adjustments from Retained Earnings to Cumulative Translation Adjustment to reflect the correct classification. In addition, the Basic and Diluted Income (loss) per share amounts for the respective unaudited periods above have been adjusted accordingly. The error did not result in any related adjustments to the Company’s Condensed Consolidated Statements of Operations or Condensed Consolidated Statements of Cash Flows. The Company has assessed these errors and determined they are immaterial. In the interim filings for the second and third quarters of fiscal 2019, these prior period amounts will be corrected when presented comparatively.


Year 2017	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Year
Net sales	$	174,220		$	240,628		$	331,404		$	361,803		$	1,108,055
Gross profit	$	19,204		$	20,105		$	23,893		$	39,695		$	102,897
Income (loss) from operations	$	3,944		$	(1,998	)	$	5,758		$	13,814		$	21,518
Consolidated income (loss) before income taxes	$	3,300		$	(9,241	)	$	(501	)	$	7,308		$	866
Income tax (provision) benefit	$	(198	)	$	1,722		$	3,355		$	(11,754	)	$	(6,875	)
Consolidated net income (loss)	$	3,102		$	(7,519	)	$	2,854		$	(4,446	)	$	(6,009	)
Less: Net loss (income) attributable to non-controlling interest		—		$	247		$	(239	)	$	(202	)	$	(194	)
Net income (loss) attributable to Superior	$	3,102		$	(7,272	)	$	2,615		$	(4,648	)	$	(6,203	)
Income (loss) per share:
Basic	$	0.12		$	(0.41	)	$	(0.22	)	$	(0.50	)	$	(1.01	)
Diluted	$	0.12		$	(0.41	)	$	(0.22	)	$	(0.50	)	$	(1.01	)
Dividends declared per share	$	0.18		$	0.09		$	0.09		$	0.09		$	0.45