Annual report pursuant to Section 13 and 15(d)

Quarterly Consolidated Results of Operations (Unaudited)

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Quarterly Consolidated Results of Operations (Unaudited)
 12 Months Ended
Jun. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Consolidated Results of Operations (Unaudited)
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, 2015 and 2014.
 
(In thousands, except per share data)
First quarter
ended
September 30, 2014
 
Second quarter
ended
December 31, 2014
 
Third quarter
ended
March 31, 2015
 
Fourth quarter
ended
June 30, 2015
Total revenues
$
642,901

 
$
676,357

 
$
738,459

 
$
756,332

Gross margin
$
354,434

 
$
393,144

 
$
418,177

 
$
433,065

Net income
$
72,233

 
$
20,268

 
$
131,638

 
$
142,019

Net income per share:
 
 
 
 
 
 
 
Basic(1)
$
0.44

 
$
0.12

 
$
0.81

 
$
0.90

Diluted(1)
$
0.43

 
$
0.12

 
$
0.81

 
$
0.89


(In thousands, except per share data)
First quarter
ended
September 30, 2013
 
Second quarter
ended
December 31, 2013
 
Third quarter
ended
March 31, 2014
 
Fourth quarter
ended
June 30, 2014
Total revenues
$
658,337

 
$
705,129

 
$
831,599

 
$
734,343

Gross margin
$
380,680

 
$
419,315

 
$
488,773

 
$
407,678

Net income
$
111,197

 
$
139,246

 
$
203,581

 
$
128,731

Net income per share:
 
 
 
 
 
 
 
Basic(1)
$
0.67

 
$
0.84

 
$
1.22

 
$
0.78

Diluted(1)
$
0.66

 
$
0.83

 
$
1.21

 
$
0.77

 __________________ 
(1)
Basic and diluted earnings 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 per share information may not equal annual basic and diluted earnings per share.
The Company’s net income decreased to $20.3 million in the three months ended December 31, 2014, primarily as a result of a pre-tax net loss of $131.7 million pertaining to the net loss on extinguishment of debt and certain one-time expenses of $2.5 million associated with the leverage recapitalization.