The following summarizes selected quarterly financial data for the year ended March 31, 2019.

	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
	(As Adjusted)
Net sales	$	91,668,000		$	127,939,000	$	124,113,000		$	129,077,000
Cost of goods sold		75,316,000			102,228,000		102,952,000			103,127,000
Gross profit		16,352,000			25,711,000		21,161,000			25,950,000
Operating expenses:
General and administrative		12,091,000			8,997,000		12,331,000			12,553,000
Sales and marketing		4,392,000			4,537,000		5,149,000			5,464,000
Research and development		1,736,000			1,784,000		2,054,000			2,440,000
Total operating expenses		18,219,000			15,318,000		19,534,000			20,457,000
Operating (loss) income		(1,867,000	)		10,393,000		1,627,000			5,493,000
Other expense:
Interest expense, net		5,075,000			5,699,000		5,764,000			6,689,000
(Loss) income before income tax (benefit) expense		(6,942,000	)		4,694,000		(4,137,000	)		(1,196,000	)
Income tax (benefit) expense		(1,447,000	)		1,181,000		(1,035,000	)		1,569,000
Net (loss) income	$	(5,495,000	)	$	3,513,000	$	(3,102,000	)	$	(2,765,000	)
Basic net (loss) income per share	$	(0.29	)	$	0.19	$	(0.16	)	$	(0.15	)
Diluted net (loss) income per share	$	(0.29	)	$	0.18	$	(0.16	)	$	(0.15	)

The following summarizes selected quarterly financial data for the year ended March 31, 2018:

	First Quarter		Second Quarter		Third Quarter			Fourth Quarter
	(As Adjusted)		(As Adjusted)		(As Adjusted)			(As Adjusted)
Net sales	$	94,695,000	$	110,261,000	$	102,878,000		$	119,714,000
Cost of goods sold		68,843,000		84,234,000		76,817,000			90,621,000
Gross profit		25,852,000		26,027,000		26,061,000			29,093,000
Operating expenses:
General and administrative		5,888,000		8,615,000		11,915,000			9,059,000
Sales and marketing		3,394,000		3,457,000		4,048,000			4,131,000
Research and development		1,002,000		1,240,000		1,678,000			1,772,000
Total operating expenses		10,284,000		13,312,000		17,641,000			14,962,000
Operating income		15,568,000		12,715,000		8,420,000			14,131,000
Other expense:
Interest expense, net		3,314,000		3,522,000		3,953,000			4,656,000
Income before income tax expense		12,254,000		9,193,000		4,467,000			9,475,000
Income tax expense		4,434,000		3,598,000		6,994,000			1,099,000
Net income (loss)	$	7,820,000	$	5,595,000	$	(2,527,000	)	$	8,376,000
Basic net income (loss) per share	$	0.42	$	0.30	$	(0.13	)	$	0.44
Diluted net income (loss) per share	$	0.40	$	0.29	$	(0.13	)	$	0.43