Selected Quarterly Data—(unaudited)

Provided below is selected unaudited quarterly financial data for the years ended December 31, 2015 and 2014.



	Quarter Ended
	March 27, 2015		June 26, 2015		September 25, 2015		December 31, 2015⁽³⁾
	(In thousands, except per share data)
Net sales	$	911,070	$	1,025,375	$	969,144	$	1,061,464
Gross profit	294,438		328,037		295,874		333,425
Net income	56,275		58,829		23,545		48,529
Net income attributable to Colfax Corporation common shareholders	52,056		53,127		18,359		44,197
Net income per share – basic	$	0.42	$	0.43	$	0.15	$	0.36
Net income per share – diluted	$	0.42	$	0.42	$	0.15	$	0.36



	Quarter Ended
	March 28, 2014⁽¹⁾		June 27, 2014⁽²⁾		September 26, 2014		December 31, 2014⁽³⁾
	(In thousands, except per share data)
Net sales	$	1,054,331	$	1,199,336	$	1,164,453	$	1,206,356
Gross profit	325,632		388,171		373,195		391,847
Net income	54,837		198,344		81,303		85,789
Net income attributable to Colfax Corporation common shareholders	24,877		191,785		73,389		80,134
Net income per share – basic	$	0.22	$	1.55	$	0.59	$	0.65
Net income per share – diluted	$	0.22	$	1.53	$	0.59	$	0.64

⁽¹⁾On February 12, 2014 the Company entered into a Conversion Agreement with the BDT Investor. As consideration for the BDT Investor’s agreement to exercise its optional conversion right, the Company paid approximately $23.4 million to the BDT Investor, of which $19.6 million represents the Preferred stock conversion inducement payment. See Note 11, “Equity” for additional information regarding the Preferred stock conversion inducement payment.

⁽²⁾Net income and Net income per share for the three months ended June 27, 2014 includes the benefit of deferred tax assets as a result of the effect of the Victor Acquisition on expected future income. This reassessment resulted in a decrease in the Company’s valuation allowance against U.S. deferred tax assets. The reduction in the valuation allowance created a non-cash income tax benefit for the three months ended June 27, 2014 of $113.1 million.

⁽³⁾Net income and Net income per share for the three months ended December 31, 2015 and 2014, was favorably impacted by the enactment of the U.S. tax extenders packages related to the exemption from taxation of certain foreign income in the United States.