22.

Quarterly Financial Information (Unaudited)

The following is a summary of the unaudited quarterly consolidated results of operations for the fiscal years ended January 2, 2016 and January 3, 2015.


	For the Fiscal Quarters Ended
	April 4, 2015			July 4, 2015		October 3, 2015		January 2, 2016
Fiscal year ended January 2, 2016
Revenues, net	$	322,103		$	309,754	$	273,324	$	259,238
Gross profit		157,303			159,364		136,622		120,798
Operating income		18,044			70,580		63,108		16,326
Net (loss) income attributable to the Company		(5,433	)		27,877		21,790		(11,309	)
Basic earnings per share	$	(0.10	)	$	0.49	$	0.38	$	(0.18	)
Diluted earnings per share	$	(0.10	)	$	0.49	$	0.38	$	(0.18	)


	For the Fiscal Quarters Ended
	March 29, 2014		June 28, 2014		September 27, 2014		January 3, 2015
Fiscal year ended January 3, 2015
Revenues, net Gross profit	$	409,358 222,900	$	397,547 225,814	$	345,184 187,567	$	327,827 166,270
Operating income		51,053		114,564		91,394		42,303
Net income attributable to the Company		21,531		54,002		37,892		4,362
Basic earnings per share	$	0.38	$	0.95	$	0.67	$	0.08
Diluted earnings per share	$	0.38	$	0.95	$	0.67	$	0.08

Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not agree to the total for the year.

As discussed in further detail in Note 19, the Company recorded restructuring charges of $5,761 ($3,514 after tax), $232 ($142 after tax), $1,081 ($660 after tax) and $1,338 ($815 after tax) during the first, second, third and fourth quarters of fiscal 2015, respectively, in connection with employee termination benefit costs associated with its previously disclosed cost-savings initiative plan to restructure its organization, reducing gross profit, operating income, net income attributable to the Company and to EPS all four quarters of fiscal 2015. The Company recorded restructuring charges of $3,656 ($2,235 after tax), $6,498 ($3,964 after tax), $713 ($430 after tax) and $973 ($593 after tax) during the first, second, third and fourth quarters of fiscal 2014, respectively, in connection with employee termination benefit costs associated with its previously disclosed cost-savings initiative plan to restructure its organization, reducing gross profit, operating income, net income attributable to the Company and EPS all four quarters of fiscal 2014.

As discussed in further detail in Note 3, operating income, net income and EPS during the fourth quarter of fiscal 2015 were impacted by the Company recording expenses of $13,593 ($8,292 after tax and $0.13 per fully diluted share) in connection with the Winfrey Transaction in the fourth quarter of fiscal 2015.

As discussed in further detail in Note 7, net income and EPS were impacted by a gain on the early extinguishment of debt of $4,749 ($2,897 after tax), and $6,727 ($4,103 after tax), or $0.05 and $0.07 per fully diluted share, during the first and second quarters of fiscal 2015, respectively.

As discussed in Note 1, the Company identified and recorded out-of-period adjustments related to immaterial errors in prior period financial statements that impacted net income attributable to the Company by $420 and $410 for the second and fourth quarter of fiscal 2015, respectively.

As discussed in further detail in Note 4, in the first quarter of fiscal 2014, net income and EPS were impacted by a gain of $10,540 ($6,396 after tax), or $0.11 per fully diluted share, recognized in connection with the Brazil acquisition due to an adjustment of the Company’s previously held equity interest to fair value offset by a charge associated with the settlement of the royalty-free arrangement of the Brazilian partnership.

In the second quarter of fiscal 2014, net income and EPS were impacted by a $2,350, or $0.04 per fully diluted share, net tax benefit related to an intercompany loan write-off in connection with the closure of our China business partially offset by the recognition of a valuation allowance related to tax benefits for foreign losses that are not expected to be realized.