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Quarterly Financial Data (Unaudited)
12 Months Ended
Jun. 30, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
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 30, 2013 (in thousands, except per share data):
 
Three Months Ended
 
September 23,
2012
 
December 23,
2012
 
March 24,
2013
 
June 30,
2013
Revenues
$
252,492

 
$
223,822

 
$
224,268

 
$
276,453

Cost of sales
181,951

 
174,733

 
169,860

 
193,386

Gross profit
70,541

 
49,089

 
54,408

 
83,067

 
 
 
 
 
 
 
 
Selling, general and administrative expense
47,295

 
45,083

 
43,020

 
46,348

Research and development expense
33,449

 
32,125

 
28,876

 
32,643

Amortization of acquisition‑related intangible assets
1,680

 
1,680

 
1,663

 
1,630

Asset impairment, restructuring and other charges
8,966

 
4,941

 
880

 
2,209

Operating income (loss)
(20,849
)
 
(34,740
)
 
(20,031
)
 
237

Other expense (income), net
1,008

 
411

 
(450
)
 
421

Interest expense (income), net
(32
)
 
(8
)
 
64

 
33

Loss before income taxes
(21,825
)
 
(35,143
)
 
(19,645
)
 
(217
)
(Benefit from) provision for income taxes
6,950

 
(2,421
)
 
1,600

 
5,861

Net loss
$
(28,775
)
 
$
(32,722
)
 
$
(21,245
)
 
$
(6,078
)
Net loss per common share-basic (1)
$
(0.42
)
 
$
(0.47
)
 
$
(0.31
)
 
$
(0.09
)
Net loss per common share-diluted (1)
$
(0.42
)
 
$
(0.47
)
 
$
(0.31
)
 
$
(0.09
)
Average common shares outstanding—basic
69,283

 
69,144

 
69,273

 
69,785

Average common shares and potentially dilutive securities outstanding—diluted
69,283

 
69,144

 
69,273

 
69,785


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


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”.