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Quarterly Financial Information (unaudited)
 12 Months Ended
Mar. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited)

The following table sets forth unaudited consolidated statements of operations data for each of the Company’s last eight quarters. This quarterly information is unaudited and has been prepared on the same basis as the annual consolidated financial statements. In the Company’s opinion, this quarterly information reflects all adjustments necessary for a fair presentation of the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. 
 
Fiscal Year Ended March 31, 2013
 
Fiscal Year Ended March 31, 2012
 
Q1
 
Q2
 
Q3(1)
 
Q4(2)(4)
 
Q1
 
Q2
 
Q3
 
Q4(3)(4)
 
(In thousands, except per share data)
Net revenues
$
41,294

 
$
46,324

 
$
51,698

 
$
56,326

 
$
60,844

 
$
64,929

 
$
56,347

 
$
48,767

Cost of revenues
18,355

 
20,561

 
22,958

 
21,174

 
26,331

 
27,704

 
23,795

 
20,974

Gross profit
22,939

 
25,763

 
28,740

 
35,152

 
34,513

 
37,225

 
32,552

 
27,793

Total operating expenses
47,891

 
48,515

 
101,942

 
49,116

 
42,936

 
39,313

 
40,337

 
102,941

Operating loss
(24,952
)
 
(22,752
)
 
(73,202
)
 
(13,964
)
 
(8,423
)
 
(2,088
)
 
(7,785
)
 
(75,148
)
Interest and other income (expense)
1,762

 
835

 
2,258

 
(4,654
)
 
1,356

 
1,517

 
914

 
7,897

Loss before income taxes
(23,190
)
 
(21,917
)
 
(70,944
)
 
(18,618
)
 
(7,067
)
 
(571
)
 
(6,871
)
 
(67,251
)
Income tax expense (benefit)
200

 
(360
)
 
618

 
(1,012
)
 
(190
)
 
581

 
206

 
331

Net loss
$
(23,390
)
 
$
(21,557
)
 
$
(71,562
)
 
$
(17,606
)
 
$
(6,877
)
 
$
(1,152
)
 
$
(7,077
)
 
$
(67,582
)
Basic and diluted net loss per share
$
(0.37
)
 
$
(0.33
)
 
$
(1.08
)
 
$
(0.26
)
 
$
(0.11
)
 
$
(0.02
)
 
$
(0.12
)
 
$
(1.10
)
Shares used in calculating basic and diluted net loss per share
62,409

 
64,947

 
66,113

 
67,566

 
63,878

 
62,526

 
60,990

 
61,587

____________________
(1)
The consolidated operating results for the third quarter of fiscal 2013 included a charge of $51.9 million related to the Veloce consideration and a charge of $6.2 million related to restructuring charges.
(2)
The consolidated operating results for the fourth quarter of fiscal 2013 included a charge of $9.6 million related to the Veloce consideration.
(3)
The consolidated operating results for the fourth quarter of fiscal 2012 included a charge of $60.4 million related to the Veloce initial consideration and a gain of $8.1 related to the sale of a strategic investment.
(4)
During fiscal 2012, one significant product development milestone relating to the Veloce project was considered probable of achievement and accordingly $60.4 million was recognized as research and development expense (see further discussion in Note 4 to the Notes to Consolidated Financial Statements relating to Veloce). However, approximately $8.0 million of the R&D expense was incorrectly recognized as this expense amount related to Unallocated Veloce Units that had not yet been distributed as of March 31, 2012. R&D expenses were also recognized during the first three quarters of fiscal 2013 in connection with further progress made in connection with the performance milestones relating to Veloce. However, the R&D expenses recognized during the first three quarters of fiscal 2013 also incorrectly included immaterial amounts related to the Unallocated Veloce Units. During the fourth quarter of fiscal 2013, the Company corrected the error impacting fiscal 2012 and the first three quarters of fiscal 2013. The correction of the errors resulted in a reduction of R&D expenses recognized by $10.4 million during the fourth quarter of fiscal 2013.