XML 39 R35.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Jun. 26, 2011
Jun. 27, 2010
Quarterly Financial Data (Unaudited) [Abstract]    
Quarterly Financial Information
The following table sets forth a summary of the Company’s quarterly financial information for each of the four quarters in the fiscal year ended June 26, 2011 (in thousands, except per share data):
 
   
Three Months Ended
 
Year Ended June 26, 2011
 
 
September 26,
2010
  
December 26,
2010
  
March 27,
2011
  
June 26,
2011
 
Revenues
 $280,867  $281,744  $296,717  $317,249 
Cost of sales
  172,043    160,733    179,534    199,375  
Gross profit
  108,824   121,011   117,183   117,874 
Selling, general and administrative expense
  48,310   46,617   46,680   52,141 
Research and development expense
  27,560   28,544   30,733   32,502 
Amortization of acquisition-related intangible assets
  1,219   1,242   1,695   2,612 
Asset impairment, restructuring and other charges (recoveries)
  134    (4)  (3,489)    
Operating income
  31,601   44,612   41,564   30,619 
Other expense (income), net
  1,312   1,708   (1,348)  (954)
Interest income, net
  (1,409)  (4,152)  (2,694)  (1,859)
Income before income taxes
  31,698   47,056   45,606   33,432 
(Benefit from) provision for income taxes
  (1,800)  3,127    (3,879)  (6,202)
Net income
 $33,498   $43,929   $49,485   $39,634  
Net income per common share:
                
Basic:
                
Net income per common share
 $0.47   $0.62   $0.70   $0.56  
Diluted:
                
Net income per common share
 $0.47   $0.62   $0.69   $0.55  
Average common shares outstanding—basic
  70,165    69,587    69,854    69,827  
Average common shares and potentially dilutive securities outstanding—diluted
  70,483    70,235    70,601    70,522  
The following table sets forth a summary of the Company’s quarterly financial information for each of the four quarters in the fiscal year ended June 27, 2010 (in thousands, except per share data):
 
   
Three Months Ended
 
Year Ended June 27, 2010
 
 
September 27,
2009
  
December 27,
2009
  
March 28,
2010
  
June 27,
2010
 
Revenues
 $179,371  $210,244  $241,886  $263,796 
Cost of sales
  132,014    147,426    154,576    168,684  
Gross profit
  47,357   62,818   87,310   95,112 
Selling, general and administrative expense
  43,582   37,285   43,135   45,188 
Research and development expense
  22,827   24,215   25,649   26,619 
Amortization of acquisition-related intangible assets
  1,094   1,094   1,093   1,094 
Asset impairment, restructuring and other charges
  167    (30)  117    35  
Operating income (loss)
  (20,313)  254   17,316   22,176 
Other expense (income), net
  778   1,009   318   (86)
Interest income, net
  (3,970)  (2,488)  (2,573)  (2,190)
Income (loss) before income taxes
  (17,121)  1,733   19,571   24,452 
Benefit from income taxes
  (221)  (26,585)  (20,816)  (4,570)
Net income (loss)
 $(16,900) $28,318   $40,387   $29,022  
Net income (loss) per common share:
                
Basic:
                
Net income (loss) per common share
 $(0.24) $0.40   $0.57   $0.41  
Diluted:
                
Net income (loss) per common share
 $(0.24) $0.39   $0.56   $0.41  
Average common shares outstanding—basic
  71,218    71,605    70,850    70,553  
Average common shares and potentially dilutive securities outstanding—diluted
  71,218    71,827    71,176    71,014