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Quarterly Financial Information (Unaudited)
12 Months Ended
Mar. 30, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
Quarterly Financial Information (Unaudited) 
(In thousands, except per share data)
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
Year ended March 30, 2013
 
 
 
 
 
 
 
Net sales
$
58,969

 
$
80,152

 
$
37,930

 
$
39,574

Gross profit1,2
23,653

 
33,520

 
13,233

 
(6,153
)
Net operating expenses3, 4
25,197

 
25,641

 
3,835

 
24,698

(Benefit from) provision for income taxes5
(750
)
 
2,759

 
2,625

 
35,217

Net (loss) income
(944
)
 
5,211

 
6,768

 
(65,751
)
Basic net (loss) income per share
(0.03
)
 
0.18

 
0.23

 
(2.23
)
Diluted net (loss) income per share
(0.03
)
 
0.17

 
0.23

 
(2.23
)
Dividends per outstanding common share
 
 
 
 
 
 
 
Declared
$
0.08

 
$
0.08

 
$
2.08

 
$
0.08

Paid
$
0.08

 
$
0.08

 
$
2.08

 
$
0.08

Year ended March 31, 2012
 
 
 
 
 
 
 
Net sales
$
77,046

 
$
81,884

 
$
49,807

 
$
45,492

Gross profit6
33,760

 
35,941

 
21,161

 
16,829

Net operating expenses7,8,9
28,280

 
25,626

 
25,285

 
27,305

Provision for (benefit from) income taxes
2,159

 
1,372

 
(2,196
)
 
(2,752
)
Net income (loss)10
5,913

 
8,537

 
(1,881
)
 
(7,665
)
Basic net income (loss) per share
0.21

 
0.30

 
(0.07
)
 
(0.26
)
Diluted net income (loss) per share
0.20

 
0.29

 
(0.07
)
 
(0.26
)
Dividends per outstanding common share
 
 
 
 
 
 
 
Declared
$

 
$

 
$
0.08

 
$

Paid
$

 
$

 
$

 
$
0.08


The sum of the quarterly data presented in the table above for fiscal 2013 and 2012 may not equal annual results due to rounding.
1.
In the fourth quarter of 2013, gross profit included $19.8 million of charges for inventory write-offs and $2.3 million of accelerated amortization of acquired intangible assets.
2.
In the third quarter of 2013, gross profit included $1.2 million of charges for an inventory write-off.
3.
In the fourth quarter of 2013, net operating expenses included $2.6 million in restructuring costs, $1.0 million in loss of disposal of assets, and $0.1 million in legal settlement costs.
4.
In the third quarter of 2013, net operating expenses included a net gain related to legal settlement proceeds of $15.4 million and a net gain on sale of property and equipment of $1.3 million.
5.
In the fourth quarter of 2013, provision for income taxes included a $46.9 million valuation allowance on deferred tax assets.
6.
In the fourth quarter of 2012, gross profit included $2.0 million of charges for an inventory write-off.
7.
In the fourth quarter of 2012, net operating expenses included $2.9 million in restructuring costs and $1.0 million in loss of disposal of assets.
8.
In the third quarter of 2012, net operating expenses included $0.9 million in restructuring costs.
9.
In the first quarter of 2012, net operating expenses included $0.6 million in legal settlement costs.
10.
In the first quarter of 2012, net income included a gain of $2.7 million related to a sale of previously impaired auction rate securities.