Unaudited Quarterly Financial Information

Unaudited quarterly financial information for 2018 and 2017 is as follows:

Year Ended March 31, 2018



	Quarterly Period Ended
(In thousands, except for per share data)	June 30, 2017		September 30, 2017		December 31, 2017			March 31, 2018
Total revenues	$	256,573	$	258,026	$	270,615		$	255,965
Cost of sales	113,097		113,928		122,941			114,708
Gross profit	143,476		144,098		147,674			141,257

Operating expenses
Advertising and promotion	36,944		39,188		35,835			35,319
General and administrative	20,336		21,567		21,207			21,891
Depreciation and amortization	7,167		7,186		7,129			6,946
Tradename impairment	—		—		—			99,924
Total operating expenses	64,447		67,941		64,171			164,080
Operating income	79,029		76,157		83,503			(22,823		)
Net interest expense	26,341		26,836		25,864			26,838
Loss on extinguishment of debt	—		—		—			2,901
Income (loss) before income taxes	52,688		49,321		57,639			(52,562		)
Provision (benefit) for income taxes	18,929		18,616		(257,154		)	(12,875		)
Net income (loss)	$	33,759	$	30,705	$	314,793		$	(39,687	)

Earnings (loss) per share:
Basic	$	0.64	$	0.58	$	5.93		$	(0.75	)
Diluted	$	0.63	$	0.57	$	5.88		$	(0.75	)

Weighted average shares outstanding:
Basic	53,038		53,098		53,129			53,131
Diluted	53,509		53,539		53,543			53,131

Comprehensive income (loss), net of tax:
Currency translation adjustments	1,119		2,716		4,492			(2,625		)
Unrecognized net gain on pension plans	1		—		—			1,334
Total other comprehensive income (loss)	1,120		2,716		4,492			(1,291		)
Comprehensive income (loss)	$	34,879	$	33,421	$	319,285		$	(40,978	)

Year Ended March 31, 2017



	Quarterly Period Ended
(In thousands, except for per share data)	June 30, 2016			September 30, 2016			December 31, 2016			March 31, 2017
Total revenues	$	209,575		$	215,052		$	216,763		$	240,670
Cost of sales	87,984			91,087			92,216			110,487
Gross profit	121,591			123,965			124,547			130,183

Operating expenses
Advertising and promotion	27,635			28,592			30,682			41,450
General and administrative	19,457			18,795			22,131			28,760
Depreciation and amortization	6,832			6,016			5,852			6,651
Loss (gain) on divestitures	55,453			(496		)	(3,405		)	268
Total operating expenses	109,377			52,907			55,260			77,129
Operating income	12,214			71,058			69,287			53,054
Net interest expense	21,127			20,830			18,554			32,832
Loss on extinguishment of debt	—			—			—			1,420
(Loss) income before income taxes	(8,913		)	50,228			50,733			18,802
(Benefit) provision for income taxes	(3,382		)	18,033			19,092			7,712
Net (loss) income	$	(5,531	)	$	32,195		$	31,641		$	11,090

(Loss) earnings per share:
Basic	$	(0.10	)	$	0.61		$	0.60		$	0.21
Diluted	$	(0.10	)	$	0.60		$	0.59		$	0.21

Weighted average shares outstanding:
Basic	52,881			52,993			52,999			53,009
Diluted	52,881			53,345			53,359			53,419

Comprehensive (loss) income, net of tax:
Currency translation adjustments	(5,824		)	2,703			(8,736		)	9,282
Unrecognized net loss on pension plans	—			—			—			(252		)
Total other comprehensive (loss) income	(5,824		)	2,703			(8,736		)	9,030
Comprehensive (loss) income	$	(11,355	)	$	34,898		$	22,905		$	20,120