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Supplementary Quarterly Data (Unaudited)
12 Months Ended
Jun. 25, 2015
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Quarterly Data (Unaudited)

NOTE 17 — SUPPLEMENTARY QUARTERLY DATA (Unaudited)

The following unaudited quarterly consolidated financial data are presented for fiscal 2015 and fiscal 2014. Quarterly financial results necessarily rely on estimates and caution is required in drawing specific conclusions from quarterly consolidated results.

 

     First
Quarter
     Second
Quarter
     Third
Quarter
     Fourth
Quarter
 

Year Ended June 25, 2015:

           

Net sales

   $ 205,037       $ 251,373       $ 209,396       $ 221,439   

Gross profit

     30,684         37,243         29,784         34,345   

Income from operations

     12,013         14,678         11,497         13,691   

Net income

     5,915         8,403         6,518         8,469   

Basic earnings per common share

   $ 0.53       $ 0.75       $ 0.58       $ 0.76   

Diluted earnings per common share

   $ 0.53       $ 0.75       $ 0.58       $ 0.75   

Cash dividends declared per common share

   $ —         $ 1.50       $ —         $ —     
     First
Quarter
     Second
Quarter
     Third
Quarter
     Fourth
Quarter (1)
 

Year Ended June 26, 2014:

           

Net sales

   $ 176,697       $ 225,114       $ 174,291       $ 202,520   

Gross profit

     29,369         36,948         22,799         33,749   

Income from operations

     12,328         16,394         6,138         12,136   

Net income

     6,775         9,224         3,681         6,607   

Basic earnings per common share

   $ 0.62       $ 0.84       $ 0.33       $ 0.60   

Diluted earnings per common share

   $ 0.61       $ 0.83       $ 0.33       $ 0.59   

Cash dividends declared per common share

   $ —         $ 1.50       $ —         $ —     

 

(1) The fourth quarter of fiscal 2014 contained a $400 increase in cost of sales due to a change in the estimate of on-hand quantities of bulk-stored inshell pecan and walnut inventories.