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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jun. 29, 2014
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 29, 2014 (in thousands, except per share data):
 
Three Months Ended
 
September 29, 2013
 
December 29, 2013
 
March 30, 2014
 
June 29, 2014
Revenues
$
269,750

 
$
269,965

 
$
269,269

 
$
297,587

Cost of sales
174,439

 
172,000

 
169,135

 
191,789

Gross profit
95,311

 
97,965

 
100,134

 
105,798

 
 
 
 
 
 
 
 
Selling, general and administrative expense
43,750

 
44,727

 
45,025

 
48,816

Research and development expense
32,173

 
32,786

 
32,710

 
33,179

Amortization of acquisition‑related intangible assets
1,630

 
1,630

 
1,605

 
1,555

Asset impairment, restructuring and related charges
1,402

 
1,015

 
1,624

 
1,597

Operating income
16,356

 
17,807

 
19,170

 
20,651

Other expense, net
762

 
1,510

 
451

 
251

Interest expense (income), net
(1
)
 
7

 
28

 
(10
)
Income before income taxes
15,595

 
16,290

 
18,691

 
20,410

Provision for (benefit from) income taxes *
6,872

 
(1,631
)
 
(449
)
 
7,461

Net income
$
8,723

 
$
17,921

 
$
19,140

 
$
12,949

 
 
 
 
 
 
 
 
Net income per common share:
 
 
 
 
 
 
 
Basic
$
0.12

 
$
0.25

 
$
0.27

 
$
0.18

Diluted
$
0.12

 
$
0.25

 
$
0.26

 
$
0.18

Weighted average common shares outstanding:
 
 
 
 
 
 
 
Basic
70,830

 
71,147

 
71,248

 
71,208

Diluted
71,664

 
72,163

 
72,728

 
72,874



*    For further information, see "Note 12: Income Taxes".

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 related 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

Income (loss) before income taxes
(21,825
)
 
(35,143
)
 
(19,645
)
 
(217
)
Provision for (benefit from) income taxes
6,950

 
(2,421
)
 
1,600

 
5,861

Net income (loss)
$
(28,775
)
 
$
(32,722
)
 
$
(21,245
)
 
$
(6,078
)
 
 
 
 
 
 
 
 
Net income (loss) per common share:
 
 
 
 
 
 
 
Basic
$
(0.42
)
 
$
(0.47
)
 
$
(0.31
)
 
$
(0.09
)
Diluted
$
(0.42
)
 
$
(0.47
)
 
$
(0.31
)
 
$
(0.09
)
Weighted average common shares outstanding:
 
 
 
 
 
 
 
Basic
69,283

 
69,144

 
69,273

 
69,785

Diluted
69,283

 
69,144

 
69,273

 
69,785