(22) QUARTERLY FINANCIAL DATA (UNAUDITED)

The Company has corrected prior period information within the current period financial statements related to a specific component used in calculating the tax effect on Premier, Inc. net income for purposes of diluted earnings (loss) per share. Diluted earnings (loss) per share for the first quarter of fiscal 2018 was previously stated at $0.36 per share and has been corrected to $0.30 per share; diluted earnings (loss) per share for the second quarter of fiscal 2018 was previously stated at $(1.66) per share and has been corrected to $0.06 per share; and diluted earnings (loss) per share for the second quarter of fiscal 2017 was previously stated at $1.50 per share and has been corrected to $1.58 per share. The Company believes the corrections are immaterial and the amounts had no impact on the Company’s overall financial condition, results of operations or cash flows.

The following tables present unaudited summarized financial data by quarter for the years ended June 30, 2018 and 2017 (in thousands, except per share data):



	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
Fiscal Year 2018
Net revenue	$	390,564		$	411,398		$	425,338		$	433,956
Gross profit	199,188			210,871			221,790			231,116
Net income	60,616			19,769			76,549			100,636
Net income attributable to non-controlling interest in Premier LP	(44,610		)	(56,485		)	(53,047		)	(70,127		)
Adjustment of redeemable limited partners' capital to redemption amount	320,424			317,916			(127,039		)	(353,720		)
Net income (loss) attributable to stockholders	$	336,430		$	281,200		$	(103,537	)	$	(323,211	)

Weighted average shares outstanding:
Basic	52,909			55,209			53,529			52,412
Diluted	140,046			139,237			53,529			52,412

Net income (loss) per share attributable to stockholders:
Basic	$	6.36		$	5.09		$	(1.93	)	$	(6.17	)
Diluted	$	0.30		$	0.06		$	(1.93	)	$	(6.17	)

Fiscal Year 2017
Net revenue	$	313,272		$	358,500		$	379,803		$	403,098
Gross profit	174,769			182,486			202,555			214,815
Net income	58,095			246,184			71,338			73,860
Net income attributable to non-controlling interest in Premier LP	(49,601		)	(181,173		)	(51,433		)	(53,845		)
Adjustment of redeemable limited partners' capital to redemption amount	61,808			335,264			(100,506		)	(333,742		)
Net income (loss) attributable to stockholders	$	70,302		$	400,275		$	(80,601	)	$	(313,727	)

Weighted average shares outstanding:
Basic	47,214			49,445			50,525			51,470
Diluted	142,962			141,308			50,525			51,470

Net income (loss) per share attributable to stockholders:
Basic	$	1.49		$	8.10		$	(1.60	)	$	(6.10	)
Diluted	$	0.26		$	1.58		$	(1.60	)	$	(6.10	)