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SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Mar. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
QUARTERLY RESULTS OF OPERATIONS
(in thousands, except per share data) 
 
Fiscal Year Ended March 30, 2014
 
First
Quarter
 
Second
Quarter (1)
 
Third
Quarter (2)
 
Fourth
Quarter (3)
Revenues
$
117,464

 
$
124,047

 
$
124,628

 
$
118,640

Gross profit
66,122

 
70,761

 
74,939

 
61,080

Net income from continuing operations
1,501

 
87,411

 
17,339

 
5,062

Net loss from discontinued operations
(3,765
)
 
(3,760
)
 
(10,391
)
 
(5,033
)
Net income (loss)
(2,264
)
 
83,651

 
6,948

 
29

 
 
 
 
 
 
 
 
Basic net income per share – continuing operations
$
0.01

 
$
0.58

 
$
0.11

 
$
0.03

Basic net loss per share – discontinued operations
$
(0.03
)
 
$
(0.02
)
 
$
(0.06
)
 
$
(0.03
)
Basic net income (loss) per share
$
(0.02
)
 
$
0.56

 
$
0.05

 
$

 
 
 
 
 
 
 
 
Diluted net income per share – continuing operations
$
0.01

 
$
0.57

 
$
0.11

 
$
0.03

Diluted net loss per share – discontinued operations
$
(0.03
)
 
$
(0.03
)
 
$
(0.07
)
 
$
(0.03
)
Diluted net income (loss) per share
$
(0.02
)
 
$
0.54

 
$
0.04

 
$

 
 
Fiscal Year Ended March 31, 2013
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter (4)
Revenues
$
129,955

 
$
132,441

 
$
114,277

 
$
107,779

Gross profit
72,668

 
74,459

 
63,074

 
59,523

Net income (loss) from continuing operations
3,630

 
4,656

 
(106
)
 
(5,469
)
Net loss from discontinued operations
(7,945
)
 
(4,729
)
 
(5,051
)
 
(5,158
)
Net loss
(4,315
)
 
(73
)
 
(5,157
)
 
(10,627
)
 
 
 
 
 
 
 
 
Basic net income loss per share – continuing operations
$
0.03

 
$
0.03

 
$

 
$
(0.04
)
Basic net loss per share – discontinued operations
$
(0.06
)
 
$
(0.03
)
 
$
(0.04
)
 
$
(0.03
)
Basic net loss per share
$
(0.03
)
 
$

 
$
(0.04
)
 
$
(0.07
)
 
 
 
 
 
 
 
 
Diluted net income (loss) per share – continuing operations
$
0.03

 
$
0.03

 
$

 
$
(0.04
)
Diluted net loss per share – discontinued operations
$
(0.06
)
 
$
(0.03
)
 
$
(0.04
)
 
$
(0.03
)
Diluted net loss per share
$
(0.03
)
 
$

 
$
(0.04
)
 
$
(0.07
)
 
(1) In the second quarter of fiscal 2014, the Company recorded a gain of $82.3 million in net income from continuing operations related to the divestiture of its PCI Express enterprise flash controller business to PMC-Sierra, Inc.
(2) In the third quarter of fiscal 2014, the Company recorded a loss of $3.4 million in net loss from continuing operations related to the divestiture of certain assets of its Audio business to Stravelis, Inc.
(3) In the fourth quarter of fiscal 2014, associated with the decision to discontinue production and sale of products using technology attained through the acquisitions of Mobius Microsystems in fiscal 2010 and IKOR in fiscal 2011, the Company recorded an additional $8.7 million in accelerated amortization of intangible assets which was charged to cost of revenues. In addition, the Company recorded a $2.4 million impairment of IPR&D to research and development expense, associated with the decision to discontinue further development required to complete the Mobius Microsystems acquired IPR&D.
(4) In the fourth quarter of fiscal 2013, the Company recorded a gain of $8.0 million in net income from continuing operations related to the divestiture of its smart meter business.