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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 29, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (Unaudited) |
22. | Quarterly Financial Information (Unaudited)
The following is a summary of the unaudited quarterly consolidated results of operations for the fiscal years ended December 29, 2018 and December 30, 2017.
|  | For the Fiscal Quarters Ended |
|  | March 31, |  |  | June 30, |  |  | September 29, |  | December 29, |
|  | 2018 |  |  | 2018 |  |  | 2018 |  | 2018 |
Fiscal year ended December 29, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues, net |  | $ | 408,223 |  |  | $ | 409,747 |  |  | $ | 365,765 |  |  | $ | 330,386 |
Gross profit |  | $ | 221,003 |  |  | $ | 244,794 |  |  | $ | 215,394 |  |  | $ | 185,220 |
Operating income |  | $ | 62,073 |  |  | $ | 127,708 |  |  | $ | 118,860 |  |  | $ | 80,347 |
Net income attributable to the Company |  | $ | 39,112 |  |  | $ | 70,720 |  |  | $ | 70,132 |  |  | $ | 43,785 |
Basic earnings per share |  | $ | 0.60 |  |  | $ | 1.07 |  |  | $ | 1.05 |  |  | $ | 0.65 |
Diluted earnings per share |  | $ | 0.56 |  |  | $ | 1.01 |  |  | $ | 1.00 |  |  | $ | 0.63 |
|  | For the Fiscal Quarters Ended |
|  | April 1, |  |  | July 1, |  |  | September 30, |  | December 30, |
|  | 2017 |  |  | 2017 |  |  | 2017 |  | 2017 |
Fiscal year ended December 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues, net |  | $ | 329,063 |  |  | $ | 341,673 |  |  | $ | 323,687 |  |  | $ | 312,488 |
Gross profit |  | $ | 164,097 |  |  | $ | 189,013 |  |  | $ | 177,088 |  |  | $ | 162,451 |
Operating income |  | $ | 30,233 |  |  | $ | 96,206 |  |  | $ | 91,378 |  |  | $ | 49,488 |
Net income attributable to the Company |  | $ | 10,653 |  |  | $ | 45,173 |  |  | $ | 44,719 |  |  | $ | 62,969 |
Basic earnings per share |  | $ | 0.17 |  |  | $ | 0.70 |  |  | $ | 0.69 |  |  | $ | 0.97 |
Diluted earnings per share |  | $ | 0.16 |  |  | $ | 0.67 |  |  | $ | 0.65 |  |  | $ | 0.91 |
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 Note 2, the Company recorded an impairment charge for goodwill related to its Brazil reporting unit of $13,323, or $0.19 per fully diluted share, in the fourth quarter of fiscal 2017. As discussed in Note 8, the Company recorded a write-off of deferred financing costs in connection with the November 2017 debt refinancing of $10,524 ($0.09 per fully diluted share) in the fourth quarter of fiscal 2017. As discussed in further detail in Note 12, the Company recorded a net tax benefit of $56,560 ($0.82 per fully diluted share) related to the 2017 Tax Act in the fourth quarter of fiscal 2017. The Company also recorded a net tax benefit of $11,633 ($0.17 per fully diluted share) related to the cessation of operations of our Spanish subsidiary in the first quarter of fiscal 2017, a $2,255 ($0.03 per fully diluted share) tax benefit related to the reversal of tax reserves resulting from an updated transfer pricing study in the third quarter of fiscal 2017 and a $3,735 ($0.05 per fully diluted share) tax benefit due to a change in estimate related to the availability of certain foreign tax credits.

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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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