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Selected Quarterly Financial Information (unaudited) | 12 Months Ended
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Dec. 31, 2018
Selected Quarterly Financial Information (unaudited) |
Selected Quarterly Financial Information (unaudited) | Note 19 — Selected Quarterly Financial Information (unaudited) The following table presents selected unaudited financial data for each fiscal quarter of 2018 and 2017. Although unaudited, this information has been prepared on a basis consistent with the Company’s audited Consolidated Financial Statements and, in the opinion of management, reflects all adjustments (consisting only of normal recurring adjustments) that are considered necessary for a fair presentation of this information in accordance with GAAP. Such quarterly results are not necessarily indicative of future results of operations.
|  | Fiscal 2018 |  | Fiscal 2017
|  | Q1 |  | Q2 |  | Q3 |  | Q4 |  | Q1 |  | Q2 |  | Q3 |  | Q4
|  | (in thousands, except per share amounts)
Net sales |  | $ | 158,574 |  | $ | 157,779 |  | $ | 126,757 |  | $ | 98,972 |  | $ | 94,499 |  | $ | 112,218 |  | $ | 129,308 |  | $ | 139,661
Gross profit |  |  | 56,680 |  |  | 55,395 |  |  | 46,385 |  |  | 35,259 |  |  | 34,500 |  |  | 35,847 |  |  | 50,529 |  |  | 55,352
Net income (loss) |  |  | (15,827) |  |  | (237,634) |  |  | (8,953) |  |  | (144,674) |  |  | 1,640 |  |  | (20,817) |  |  | (23,740) |  |  | (8,479)
Basic income (loss) per common share |  |  | (0.34) |  |  | (5.02) |  |  | (0.19) |  |  | (3.11) |  |  | 0.04 |  |  | (0.49) |  |  | (0.51) |  |  | (0.18)
Diluted income (loss) per common share |  |  | (0.34) |  |  | (5.02) |  |  | (0.19) |  |  | (3.11) |  |  | 0.04 |  |  | (0.49) |  |  | (0.51) |  |  | (0.18)
Acquisition of Ultratech During the second quarter of 2017, the Company acquired Ultratech. The results of operations of Ultratech have been included in the consolidated financial statements since the date of acquisition. Refer to Note 5, “Business Combinations,” for additional information. Asset Impairments During the second quarter of 2018, the Company recorded non-cash impairment charges related to the Ultratech asset group of $216.4 million and $35.9 million for definite-lived intangible assets and in-process research and development assets, respectively. Additionally, during the fourth quarter of 2018, the Company recorded a non-cash goodwill impairment charge of $122.8 million. Refer to Note 6, “Goodwill and Intangible Assets,” for additional information.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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