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INCOME TAXES (Tables)

12 Months Ended

Mar. 30, 2013

Schedule Of The Domestic And Foreign Components Of Income Before Income Taxes



	Fiscal Years Ended
	March 30, 2013		March 31, 2012		April 2, 2011
United States	$	2,600	$	1,952	$	15,663
Foreign		2,154		2,893		2,117
Income before provision for income taxes		4,754		4,845		17,780

Schedule Of The Components Of The Provision For Income Taxes



	Fiscal Years Ended
	March 30, 2013		March 31, 2012		April 2, 2011
Current:
Federal	$	799	$	375	$	4,416
State		8		115		(33)
Non-US		441		573		716
		1,248		1,063		5,099
Deferred:
Federal		(730)		(915)		(593)
State		1		(22)		998
Non-US		(12)		(30)		(6)
		(741)		(967)		399
Total provision for income taxes	$	507	$	96	$	5,498

Schedule Of Reconciliation Of Federal Statutory Tax Rate To Effective Income Tax Rate



	Fiscal Years Ended
	March 30, 2013		March 31, 2012		April 2, 2011
Tax provision at US statutory rates	34	%	35	%	35	%
State tax provision, net of Federal benefits	(1)		(9)		7
Tax credits	(15)		(10)		(3)
Domestic production activity deduction	-		-		(5)
Foreign earnings tax differential	(12)		(10)		-
Tax exempt investment income	(3)		(3)		(1)
Stock based compensation	1		1		-
Other	7		(2)		(2)
Effective income tax rate	11	%	2	%	31	%

Schedule Of Significant Component Of Deferred Tax Assets



	Fiscal Years Ended
Deferred tax assets:		March 30, 2013		March 31, 2012
Inventory write downs	$	3,128	$	3,277
Temporary investment impairment		307		757
Accrued liabilities		3,496		3,206
Depreciation and amortization		615		660
Stock compensation		4,065		3,444
Deferred revenue on shipments to distributors		432		528
Allowances for doubtful accounts and sales returns		93		138
Accrued employee benefits		592		673
Other		1,724		1,295
Gross deferred tax assets		14,452		13,978
Valuation allowance		(1,276)		(947)
Deferred tax assets, net of valuation allowance		13,176		13,031
Deferred tax liabilities		(115)		(127)
Net deferred tax assets	$	13,061	$	12,904

Summary Of Changes In Valuation Allowance



Description	Balance at Beginning of Period		Charge⁽¹⁾		Deductions and Other		Balance at End of Period
Twelve months ended March 30, 2013	$	947	$	557	$	(228)	$	1,276
Twelve months ended March 31, 2012	$	424	$	419	$	104	$	947
Twelve months ended April 2, 2011	$	816	$	1,161	$	(1,553)	$	424

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⁽¹⁾A valuation allowance was placed on the Company’s California deferred tax assets.

Schedule Of Reconciliation Of The Amount Of Unrecognized Tax Benefits

A reconciliation of the April 2, 2011 through March 30, 2013 amount of unrecognized tax benefits (“UTB”) is as follows (in thousands):

	Fiscal Years Ended
	March 30, 2013		March 31, 2012		April 2, 2011
Beginning balance	$	3,661	$	4,052	$	4,142
(Decreases) increases of unrecognized tax benefits related to prior years' UTB		(34)		(3)		141
Increases of unrecognized tax benefits related to current year's UTB		200		174		481
Reductions to unrecognized tax benefits related to lapsing statute of limitations		(667)		(562)		(712)
Ending balance	$	3,160	$	3,661	$	4,052

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References+ Details