

(in thousands, except per share amounts)	2018											2017
	First			Second			Third		Fourth			First		Second			Third			Fourth
Statement of Operations data:
Net revenues	$	73,091		$	74,231		$	75,490	$	76,982		$	59,787	$	62,319		$	62,805		$	69,439
Gross profit	28,505			31,366			30,580		30,816			22,517		24,759			24,267			26,740
Operating income	8,186			11,315			10,631		7,091			3,945		5,853			5,530			7,160
Net earnings	4,958			7,683			7,567		3,437			2,003		3,616			4,325			4,450
Less: net earnings attributable to noncontrolling interests	(30		)	(10		)	20		19			8		(3		)	70			(26		)
Net earnings attributable to VPG stockholders	4,988			7,693			7,547		3,418			1,995		3,619			4,255			4,476
Per Share Data:^(b)
Basic earnings per share	$	0.37		$	0.57		$	0.56	$	0.25		$	0.15	$	0.27		$	0.32		$	0.34
Diluted earnings per share	$	0.37		$	0.57		$	0.56	$	0.25		$	0.15	$	0.27		$	0.32		$	0.33
Certain Items Recorded during the Quarters:
Acquisition purchase accounting adjustments	$	—		$	—		$	—	$	—		$	—	$	—		$	42		$	49
Net proceeds from lease termination	—			—			—		—			—		—			(1,544		)	—
Tax rebate	—			—			—		—			—		—						189
Impairment of goodwill and indefinite-lived intangibles	—			—			—		2,820			—		—			—			—
UK pension settlement	—			—			—		673			—		—			—			—
Restructuring costs	—			61			228		—			554		315			423			752
Tax effect of reconciling items and discrete tax items	—			9			35		(377		)	42		13			(394		)	165

(a)

The Company reports interim financial information for the 13-week periods beginning on a Sunday and ending on a Saturday, except for the first fiscal quarter, which always begins on January 1, and the fourth fiscal quarter, which always ends on December 31. The first, second, third, and fourth quarters of 2018 ended on March 31, June 30, September 29, and December 31, respectively. The first, second, third, and fourth quarters of 2017 ended on April 1, July 1, September 30, and December 31, respectively.


(b)	Quarterly amounts may not agree in total to the corresponding annual amounts due to rounding.