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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jun. 24, 2012
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly Financial Data (Unaudited)
14. Quarterly Financial Data (Unaudited)

The following table sets forth a summary of the Company's unaudited quarterly financial information for each of the four quarters in the fiscal year ended June 24, 2012 (in thousands, except per share data):
 
 
Three Months Ended
 
 
 
September 25,
2011
 
 
December 25,
2011
 
 
March 25,
2012
 
 
June 24,
2012
 
Revenues                                      
 
$
302,741
 
 
$
230,078
 
 
$
248,094
 
 
$
269,675
 
Cost of sales                                      
 
 
187,903
 
 
 
148,659
 
 
 
174,132
 
 
 
199,871
 
Gross profit                                      
 
 
114,838
 
 
 
81,419
 
 
 
73,962
 
 
 
69,804
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expense
 
 
48,991
 
 
 
50,558
 
 
 
49,578
 
 
 
51,284
 
Research and development expense                                      
 
 
33,028
 
 
 
32,227
 
 
 
34,798
 
 
 
35,052
 
Impairment of goodwill                                      
 
 
-
 
 
 
-
 
 
 
-
 
 
 
69,421
 
Amortization of acquisition‑related intangible assets
 
 
2,615
 
 
 
1,939
 
 
 
2,097
 
 
 
1,718
 
Gain on disposition of property                                      
 
 
-
 
 
 
-
 
 
 
(5,410
)
 
 
-
 
Operating income (loss)                                      
 
 
30,204
 
 
 
(3,305
)
 
 
(7,101
)
 
 
(87,671
)
Other expense (income), net                                      
 
 
2,203
 
 
 
1,956
 
 
 
(46
)
 
 
154
 
Interest income, net                                      
 
 
(209
)
 
 
(31
)
 
 
(47
)
 
 
(46
)
Income (loss) before income taxes                                      
 
 
28,210
 
 
 
(5,230
)
 
 
(7,008
)
 
 
(87,779
)
(Benefit from) provision for income taxes
 
 
6,247
 
 
 
1,107
 
 
 
(4,518
)
 
 
(19,593
)
Net income (loss)                                      
 
$
21,963
 
 
$
(6,337
)
 
$
(2,490
)
 
$
(68,186
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share-basic (1)
 
$
0.31
 
 
$
(0.09
)
 
$
(0.04
)
 
$
(0.99
)
Net income (loss) per common share-diluted (1)
 
$
0.31
 
 
$
(0.09
)
 
$
(0.04
)
 
$
(0.99
)
Average common shares outstanding-basic
 
 
69,768
 
 
 
69,046
 
 
 
69,104
 
 
 
69,157
 
Average common shares and potentially dilutive securities outstanding-diluted
 
 
70,285
 
 
 
69,046
 
 
 
69,104
 
 
 
69,157
 

(1)
Net income (loss) per common share is computed using the two -class method.  See Note 10, "Net Income Per Common Share".
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Table of Contents
INTERNATIONAL RECTIFIER CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
14. Quarterly Financial Data (Unaudited) (Continued)
The following table sets forth a summary of the Company's unaudited 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
 
 
 
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 (1)
 
$
0.47
 
 
$
0.62
 
 
$
0.70
 
 
$
0.56
 
Net income per common share-diluted (1)
 
$
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
 

(1)
Net income (loss) per common share is computed using the two -class method.  See Note 10, "Net Income Per Common Share".