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SUMMARY OF QUARTERLY DATA (UNAUDITED)
12 Months Ended
Mar. 30, 2019
Quarterly Financial Data [Abstract]  
SUMMARY OF QUARTERLY DATA (UNAUDITED)
SUMMARY OF QUARTERLY DATA (UNAUDITED)
(In thousands, except per share data)
 
Three months ended
Fiscal 2019
 
June 30,
2018
 
September 29,
2018
 
December 29,
2018
 
March 30,
2019
Net revenues
 
$
229,347

 
$
241,581

 
$
247,356

 
$
249,295

Gross profit
 
$
83,244

 
$
111,907

 
$
111,175

 
$
111,210

Operating income
 
$
5,293

 
$
26,076

 
$
28,320

 
$
23,856

Net income (loss)
 
$
(2,819
)
 
$
18,726

 
$
18,277

 
$
20,835

Per share data:
 
 

 
 

 
 

 
 

Net income (loss):
 
 

 
 

 
 

 
 

Basic
 
$
(0.05
)
 
$
0.36

 
$
0.36

 
$
0.41

Diluted
 
$
(0.05
)
 
$
0.35

 
$
0.35

 
$
0.40

 
 
 
 
 
 
 
 
 
(In thousands, except per share data)
 
Three months ended
Fiscal 2018
 
July 1,
2017
 
September 30,
2017
 
December 30,
2017
 
March 31,
2018
Net revenues
 
$
210,951

 
$
225,377

 
$
234,043

 
$
233,552

Gross profit
 
$
91,665

 
$
104,562

 
$
111,295

 
$
104,386

Operating income
 
$
16,611

 
$
24,258

 
$
1,013

 
$
14,275

Net (loss) income
 
$
20,137

 
$
20,102

 
$
(6,547
)
 
$
11,880

Per share data:
 
 

 
 

 
 

 
 

Net (loss) income:
 
 

 
 

 
 

 
 

Basic
 
$
0.38

 
$
0.38

 
$
(0.12
)
 
$
0.22

Diluted
 
$
0.38

 
$
0.38

 
$
(0.12
)
 
$
0.22



The operating results for the fourth quarter of fiscal 2018 include certain misstatements that were determined to be immaterial both individually and in the aggregate. The misstatement in the fourth quarter of fiscal 2018 was primarily driven by an over accrual of certain professional fees in the third quarter of fiscal 2018.

Below is a summary of the net overstatement/(understatement) of the Company’s reported operating income and net income for the fourth quarter of fiscal 2018.
(In thousands)
 
Overstatement/(Understatement)
Three Months Ended
 
Operating (Loss) Income
 
Net (Loss) Income
March 31, 2018
 
2,835

 
2,426