Annual report pursuant to Section 13 and 15(d)

Quarterly Consolidated Results of Operations (Unaudited)

v3.10.0.1
Quarterly Consolidated Results of Operations (Unaudited)
12 Months Ended
Jun. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
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, 2018 and 2017.
(In thousands, except per share data)
First quarter ended
September 30, 2017
 
Second quarter ended
December 31, 2017
 
Third quarter ended
March 31, 2018
 
Fourth quarter ended
June 30, 2018
Total revenues
$
969,581

 
$
975,822

 
$
1,021,294

 
$
1,070,004

Gross margin
$
616,132

 
$
628,488

 
$
652,606

 
$
692,106

Net income (loss)(1)
$
280,936

 
$
(134,319
)
 
$
306,881

 
$
348,767

Net income (loss) per share:
 
 
 
 
 
 
 
Basic(2)
$
1.79

 
$
(0.86
)
 
$
1.96

 
$
2.24

Diluted(2)
$
1.78

 
$
(0.86
)
 
$
1.95

 
$
2.22

(In thousands, except per share data)
First quarter ended
September 30, 2016
 
Second quarter ended
December 31, 2016
 
Third quarter ended
March 31, 2017
 
Fourth quarter ended
June 30, 2017
Total revenues
$
750,673

 
$
876,885

 
$
913,809

 
$
938,647

Gross margin
$
472,837

 
$
558,378

 
$
570,535

 
$
590,717

Net income
$
178,101

 
$
238,251

 
$
253,562

 
$
256,162

Net income per share:
 
 
 
 
 
 
 
Basic(2)
$
1.14

 
$
1.52

 
$
1.62

 
$
1.64

Diluted(2)
$
1.13

 
$
1.52

 
$
1.61

 
$
1.62

 __________________ 
(1)
The Company had net loss of $134.3 million in the second quarter of the fiscal year ended June 30, 2018, primarily as a result of the income tax effects from the enacted tax reform legislation through the Tax Cuts and Jobs Act, which was signed into law on December 22, 2017.
(2)
Basic and diluted net income (loss) 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 (loss) per share information may not equal annual basic and diluted net income (loss) per share.