13. QUARTERLY FINANCIAL DATA (UNAUDITED)



	Fiscal 2019 – 52 weeks
	First Quarter		% of Net Sales	Second Quarter		% of Net Sales	Third Quarter		% of Net Sales	Fourth Quarter		% of Net Sales
(in thousands, except earnings per share)
Net sales	$	114,244	100.0%	$	121,963	100.0%	$	119,768	100.0%	$	259,649	100.0%
Gross profit		60,918	53.3%		64,804	53.1%		65,365	54.6%		137,062	52.8%
Operating (loss) income		(10,104)	(8.8)%		3,735	3.1%		1,328	1.1%		33,149	12.8%
Net (loss) income attributable to controlling interest		(7,572)	(6.6)%		1,936	1.6%		182	0.2%		24,375	9.4%
Basic (loss) earnings per share attributable to controlling interest (Class A and Class B)		(0.23)			0.06			0.01			0.75
Diluted (loss) earnings per share attributable to controlling interest (Class A and Class B)		(0.23)			0.06			0.01			0.75



	Fiscal 2018 – 53 weeks
	First Quarter		% of Net Sales	Second Quarter		% of Net Sales	Third Quarter		% of Net Sales	Fourth Quarter		% of Net Sales
(in thousands, except earnings per share)
Net sales	$	100,207	100.0%	$	110,653	100.0%	$	106,701	100.0%	$	250,541	100.0%
Gross profit		55,940	55.8%		62,240	56.2%		60,971	57.1%		131,251	52.4%
Operating (loss) income		(257)	(0.3)%		9,896	8.9%		(2,563)	(2.4)%		30,105	12.0%
Net (loss) income attributable to controlling interest		(691)	(0.7)%		6,377	5.8%		(3,150)	(3.0)%		20,620	8.2%
Basic (loss) earnings per share attributable to controlling interest (Class A and Class B)		(0.02)			0.20			(0.10)			0.64
Diluted (loss) earnings per share attributable to controlling interest (Class A and Class B)		(0.02)			0.20			(0.10)			0.64

Subsequent to the issuance of the May 5, 2019 interim financial statements, the Company identified a reclass error for disclosure purposes between selling, general and administration and interest expense, which had no impact on net income for the May 5, 2019 unaudited Condensed Consolidated Statement of Operations. The reclass error has been corrected in the above table. The Company assessed the reclass error and determined it is immaterial to the interim financial statements.

Subsequent to the issuance of the October 28, 2018 interim financial statements, the Company identified an error relating to the implementation of the new order management system that overstated inventory and gross profit within the October 28, 2018 unaudited Condensed Consolidated Balance Sheets and unaudited Condensed Consolidated Statements of Operations, respectively. The error was corrected during the fourth quarter of 2018. The Company assessed the error and determined it is immaterial to all interim and year-end filings during fiscal 2018.

Additionally, the Company concluded during the fourth quarter of 2018 that it was the primary beneficiary of TRI when the Company took occupancy of the headquarters on October 15, 2018. Therefore, the VIE was consolidated in accordance with ASC 810, Consolidation, as of year-end. The Company assessed the impact of consolidating the VIE within the October 28, 2018 unaudited Condensed Consolidated Balance Sheets and determined it is immaterial to the interim financial statements.