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SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Mar. 29, 2015
Quarterly Financial Information Disclosure [Abstract]  
SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED)
SUPPLEMENTARY FINANCIAL INFORMATION (UNAUDITED)
 
QUARTERLY RESULTS OF OPERATIONS
(in thousands, except per share data) 
 
Fiscal Year Ended March 29, 2015
 
First
Quarter (4)
 
Second
Quarter (5)
 
Third
Quarter (5)
 
Fourth
Quarter
Revenues
$
126,302

 
$
137,093

 
$
151,160

 
$
158,350

Gross profit
74,009

 
81,876

 
91,364

 
98,055

Net income from continuing operations
17,111

 
24,246

 
32,841

 
40,383

Net income (loss) from discontinued operations
4,732

 
(9,804
)
 
(14,483
)
 
(1,117
)
Net income
21,843

 
14,442

 
18,358

 
39,266

 
 
 
 
 
 
 
 
Basic net income per share – continuing operations
$
0.11

 
$
0.16

 
$
0.22

 
$
0.27

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

 
$
(0.06
)
 
$
(0.10
)
 
$
(0.01
)
Basic net income per share
$
0.15

 
$
0.10

 
$
0.12

 
$
0.26

 
 
 
 
 
 
 
 
Diluted net income per share – continuing operations
$
0.11

 
$
0.16

 
$
0.21

 
$
0.26

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

 
$
(0.07
)
 
$
(0.09
)
 
$
(0.01
)
Diluted net income per share
$
0.14

 
$
0.09

 
$
0.12

 
$
0.25

 
 
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

 
$
—

 
(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 first quarter of fiscal 2015, the Company recorded a gain of $16.8 million in net income from discontinued operations related to the divestiture of the Alvand portion of its HSC business.
(5) In the second quarter of fiscal 2015, the Company recorded $6.8 million of minimum statutory benefits to discontinued operations with regards to a workforce-reduction plan that covered certain employees of its HSC business in France and the Netherlands. In the third quarter of fiscal 2015, the Company recorded $11.9 million of restructuring charges to discontinued operations in addition to the minimum statutory amount recognized in the previous quarter.