| Quarterly Financial Data (Unaudited) |
Quarterly Financial Data (Unaudited)
The Company reports interim financial information for 13-week periods, except for the first quarter, which always begins on April 1, and the fourth quarter, which always ends on March 31. The four quarters in fiscal 2017 ended on July 3, 2016, October 2, 2016, January 1, 2017, and March 31, 2017, respectively. The four quarters in fiscal 2016 ended on June 28, 2015, September 27, 2015, December 27, 2015, and March 31, 2016, respectively. | | | | | | | | | | | | | | | | | | | | | | | | 1st Quarter | | 2nd Quarter | | 3rd Quarter | | 4th Quarter | | Fiscal Year | Fiscal year ended March 31, 2017 | | | | | | | | | | | Net sales | | $ | 600,603 |
| | $ | 576,048 |
| | $ | 563,697 |
| | $ | 626,801 |
| | $ | 2,367,149 |
| Gross profit | | 166,334 |
| | 161,295 |
| | 155,884 |
| | 167,112 |
| | 650,625 |
| Operating earnings(1)(2)(4)(7) | | 66,032 |
| | 62,909 |
| | 55,023 |
| | 51,897 |
| | 235,861 |
| Net earnings | | 44,619 |
| | 42,793 |
| | 37,095 |
| | 33,716 |
| | 158,223 |
| Net earnings attributable to EnerSys stockholders | | 44,573 |
| | 45,636 |
| | 36,235 |
| | 33,770 |
| | 160,214 |
| Net earnings per common share attributable to EnerSys stockholders—basic | | $ | 1.03 |
| | $ | 1.05 |
| | $ | 0.83 |
| | $ | 0.78 |
| | $ | 3.69 |
| Net earnings per common share attributable to EnerSys stockholders—diluted | | $ | 1.02 |
| | $ | 1.04 |
| | $ | 0.82 |
| | $ | 0.76 |
| | $ | 3.64 |
| Fiscal year ended March 31, 2016 | | | | | | | | | | | Net sales | | $ | 562,068 |
| | $ | 569,134 |
| | $ | 573,573 |
| | $ | 611,474 |
| | $ | 2,316,249 |
| Gross profit | | 150,415 |
| | 154,939 |
| | 145,882 |
| | 160,541 |
| | 611,777 |
| Operating earnings(3)(5)(6)(7) | | 69,037 |
| | 59,548 |
| | 55,461 |
| | 25,953 |
| | 209,999 |
| Net earnings | | 47,934 |
| | 39,768 |
| | 38,214 |
| | 5,908 |
| | 131,824 |
| Net earnings attributable to EnerSys stockholders | | 48,387 |
| | 40,025 |
| | 38,478 |
| | 9,260 |
| | 136,150 |
| Net earnings per common share attributable to EnerSys stockholders—basic | | $ | 1.09 |
| | $ | 0.89 |
| | $ | 0.87 |
| | $ | 0.21 |
| | $ | 3.08 |
| Net earnings per common share attributable to EnerSys stockholders—diluted | | $ | 1.03 |
| | $ | 0.87 |
| | $ | 0.86 |
| | $ | 0.21 |
| | $ | 2.99 |
|
| | (1) | Included in Operating earnings were inventory adjustment relating to exit activities of $2,659 and $(502) in the second and third quarters of fiscal 2017, respectively. |
| | (2) | Included in Operating earnings were restructuring and other exit charges of $1,297, $4,893, $(1,153) and $2,123 for the first, second, third and fourth quarters of fiscal 2017, respectively. |
| | (3) | Included in Operating earnings were restructuring and other exit charges of $1,218, $2,629, $3,204 and $5,927 for the first, second, third and fourth quarters of fiscal 2016, respectively. |
| | (4) | Included in Operating earnings for the fourth quarter of fiscal 2017 was a charge relating to the impairment of goodwill, indefinite-lived intangibles for $14,016. |
| | (5) | Included in Operating earnings for the fourth quarter of fiscal 2016 was a charge relating to the impairment of goodwill and other indefinite-lived intangibles for $36,252. |
| | (6) | Included in Operating earnings for the first quarter of fiscal 2016 was a gain on sale of facility of $4,348 and in the fourth quarter of fiscal 2016, charges relating to the same of $928. |
(7) Included in Operating earnings were legal proceedings charge of $17,000 and $6,725 for the third and fourth quarters of fiscal 2017, respectively. Included in Operating earnings for the second quarter of fiscal 2016 was a legal proceedings charge of $3,201.
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