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SEC Filings

10-K/A
ACETO CORP filed this Form 10-K/A on 11/09/2017
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ACETO CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

YEARS ENDED JUNE 30, 2017, 2016 AND 2015

(in thousands, except per-share amounts)

 

(20) Unaudited Quarterly Financial Data

 

The following is a summary of the unaudited quarterly results of operations for the years ended June 30, 2017 and 2016.

 

   For the quarter ended 
Fiscal year ended June 30, 2017  September 30,
2016 (1)
   December 31,
2016(2)
   March 31,
2017(2)(3)
   June 30,
2017 (2)(4)
 
Net sales  $128,018   $125,552   $190,128   $194,620 
Gross profit   30,839    30,805    42,319    36,829 
Net income (loss)   4,385    (564)   5,588    1,967 
                     
Net income (loss) per diluted share  $0.15   $(0.02)  $0.16   $0.06 

 

   For the quarter ended 
Fiscal year ended June 30, 2016  September 30,
2015
   December 31,
2015
   March 31,
2016(5)
   June 30,
2016(6)
 
Net sales  $133,500   $131,674   $157,926   $135,424 
Gross profit   34,581    35,868    38,289    34,047 
Net income   9,298    8,270    10,424    6,774 
                     
Net income per diluted share  $0.32   $0.28   $0.35   $0.23 

 

The net income per common share calculation for each of the quarters is based on the weighted average number of shares outstanding in each period. Therefore, the sum of the quarters in a year does not necessarily equal the year’s net income per common share.

 

(1) Includes pretax item of $170 environmental remediation charge in connection with Arsynco.

(2) Results for the last nine days of the quarter ended December 31, 2016 and for the subsequent two quarters reflect the acquisition of certain generic products and related assets from Citron and Lucid on December 21, 2016.

(3) Includes pretax item of $733 environmental remediation charge in connection with Arsynco.

(4) Includes pretax item of $3,139 representing immaterial correction of an error associated with certain accrued expenses.

(5) Includes pretax items consisting of $833 reversal of contingent consideration related to the PACK acquisition and $241 reversal of contingent consideration related to the acquisition of a company in France.

(6) Includes pretax item of $1,313 environmental remediation charge in connection with Arsynco.

 

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