Unaudited Quarterly Financial Information

Unaudited quarterly financial information for 2019 and 2018 is as follows:

Year Ended March 31, 2019



	Quarterly Period Ended
(In thousands, except for per share data)	June 30, 2018			September 30, 2018			December 31, 2018			March 31, 2019
Total revenues	$	253,980		$	239,357		$	241,414		$	241,026
Cost of sales	113,357			101,885			102,179			102,780
Gross profit	140,623			137,472			139,235			138,246

Operating expenses
Advertising and promotion	37,111			37,042			34,504			34,433
General and administrative	23,941			24,034			20,485			21,299
Depreciation and amortization	7,084			6,756			6,705			6,502
Gain on divestiture	—			(1,284		)	—			—
Goodwill and tradename impairment	—			—			—			229,461
Total operating expenses	68,136			66,548			61,694			291,695
Operating income (loss)	72,487			70,924			77,541			(153,449		)
Net interest expense	25,940			27,070			26,327			25,745
Other expense (income), net	87			335			218			(164		)
Income (loss) before income taxes	46,460			43,519			50,996			(179,030		)
Provision (benefit) for income taxes	11,994			12,678			12,829			(39,756		)
Net income (loss)	$	34,466		$	30,841		$	38,167		$	(139,274	)

Earnings (loss) per share:
Basic	$	0.65		$	0.59		$	0.74		$	(2.68	)
Diluted	$	0.65		$	0.59		$	0.73		$	(2.68	)

Weighted average shares outstanding:
Basic	52,640			51,841			51,881			51,912
Diluted	52,942			52,153			52,202			51,912

Comprehensive (loss) income, net of tax:
Currency translation adjustments	(2,974		)	(2,145		)	(2,020		)	659
Unrecognized net gain on pension plans	—			—			—			48
Total other comprehensive (loss) income	(2,974		)	(2,145		)	(2,020		)	707
Comprehensive income (loss)	$	31,492		$	28,696		$	36,147		$	(138,567	)

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	20,410			21,999			20,820			22,164
Depreciation and amortization	7,167			7,186			7,129			6,946
Tradename impairment	—			—			—			99,924
Total operating expenses	64,521			68,373			63,784			164,353
Operating income (loss)	78,955			75,725			83,890			(23,096		)
Net interest expense	26,341			26,836			25,864			26,838
Loss on extinguishment of debt	—			—			—			2,901
Other (income) expense, net	(74		)	(432		)	387			(273		)
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, net of tax:
Currency translation adjustments	1,119			2,716			4,492			(2,625		)
Unrecognized net loss on pension plans	1			—			—			1,334
Total other comprehensive (loss) income	1,120			2,716			4,492			(1,291		)
Comprehensive (loss) income	$	34,879		$	33,421		$	319,285		$	(40,978	)