SUMMARY OF QUARTERLY DATA (UNAUDITED)

12 Months Ended

Mar. 31, 2012

Quarterly Financial Data [Abstract]

SUMMARY OF QUARTERLY DATA (UNAUDITED)

SUMMARY OF QUARTERLY DATA (UNAUDITED)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Fiscal year ended March 31, 2012:
Net revenues	$	170,569	$	179,445	$	191,160	$	186,670
Gross profit	$	88,748	$	89,949	$	95,931	$	94,612
Operating income	$	23,908	$	18,566	$	25,324	$	20,960
Net income	$	16,947	$	13,880	$	18,254	$	17,805
Share data:
Net Income:
Basic	$	0.66	$	0.55	$	0.73	$	0.71
Diluted	$	0.65	$	0.54	$	0.72	$	0.69
Fiscal year ended April 2, 2011:
Net revenues	$	163,039	$	166,833	$	176,789	$	170,033
Gross profit	$	86,463	$	87,755	$	93,490	$	87,501
Operating income	$	24,189	$	28,905	$	28,559	$	28,895
Net income	$	17,918	$	21,338	$	19,734	$	20,989
Share data:
Net Income:
Basic	$	0.71	$	0.86	$	0.79	$	0.82
Diluted	$	0.70	$	0.85	$	0.77	$	0.81

Operating income and net income declined in the second quarter of fiscal 2012 as increases in operating expenses more than offset gross profit associated with revenue growth due to higher costs of quality, relatively higher sales of our lower-margin products and expenses associated with European customer claims arising from a quality matter with HS Core.

Gross profit declined during the fourth quarter of fiscal 2011 due to a decline in sales volume and increased inventory reserves. Operating income remained flat during the same period due to a reduction in cash bonus incentive compensation as the Company’s financial results were lower than the financial targets established at the beginning of the year.