| QUARTERLY CONSOLIDATED RESULTS OF OPERATIONS (UNAUDITED) |
NOTE 20 — QUARTERLY CONSOLIDATED RESULTS OF OPERATIONS (UNAUDITED)
The following is a summary of the Company’s quarterly consolidated results of operations (unaudited) for the fiscal years ended June 30,
2017
and
2016
.
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(In thousands, except per share data)
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First quarter
ended
September 30, 2016
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Second quarter
ended
December 31, 2016
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Third quarter
ended
March 31, 2017
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Fourth quarter
ended
June 30, 2017
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Total revenues
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$
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750,673
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$
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876,885
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$
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913,809
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$
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938,647
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Gross margin
|
$
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472,837
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$
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558,378
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$
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570,535
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$
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590,717
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Net income
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$
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178,101
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$
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238,251
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$
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253,562
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$
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256,162
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Net income per share:
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Basic
(1)
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$
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1.14
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$
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1.52
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$
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1.62
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$
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1.64
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Diluted
(1)
|
$
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1.13
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$
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1.52
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$
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1.61
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$
|
1.62
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(In thousands, except per share data)
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First quarter
ended
September 30, 2015
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Second quarter
ended
December 31, 2015
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Third quarter
ended
March 31, 2016
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Fourth quarter
ended
June 30, 2016
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Total revenues
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$
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642,644
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$
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710,245
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$
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712,433
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$
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919,171
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Gross margin
|
$
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372,400
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$
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429,265
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$
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437,834
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$
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581,603
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Net income
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$
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104,897
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$
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152,207
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$
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175,777
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$
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271,541
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Net income per share:
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Basic
(1)
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$
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0.67
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$
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0.98
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$
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1.13
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$
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1.74
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Diluted
(1)
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$
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0.66
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$
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0.98
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$
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1.12
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$
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1.73
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__________________
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(1)
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Basic and diluted net income per share are computed independently for each of the quarters presented based on the weighted-average basic and fully diluted shares outstanding for each quarter. Therefore, the sum of quarterly basic and diluted net income per share information may not equal annual basic and diluted net income per share.
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