Note 21 - Supplementary Quarterly Financial Data (Unaudited)

12 Months Ended

Mar. 29, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 21.    SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table contains selected unaudited quarterly financial data for fiscal years 2015 and 2014. In the opinion of management, this unaudited information has been prepared on the same basis as the audited information and includes all adjustments, consisting only of normal and recurring adjustments necessary to state fairly the information set forth therein. Results for a given quarter are not necessarily indicative of results for any subsequent quarter (in thousands, except per share data). Net income (loss) per share for the four quarters of each fiscal year may not sum to the total for the fiscal year, because of the different number of shares outstanding during each period.

	Fiscal Year 2015												Fiscal Year 2014
	Mar. 29,			Dec. 28,			Sep. 28,			Jun. 29,			Mar. 30,			Dec. 29,			Sep. 29,			Jun. 30,
Classification	2015			2014			2014			2014			2014			2013			2013			2013
Consolidated Statement of Operations Data:
Net sales by end market:
Industrial & Embedded Systems	$	20,021		$	20,506		$	19,656		$	18,867		$	19,588		$	18,429		$	17,943		$	16,498
High-End Consumer		16,072			16,202			16,199			3,424			43			68			105			246
Infrastructure		7,764			7,607			7,304			8,428			8,356			12,193			15,970			15,883
Net sales	$	43,857		$	44,315		$	43,159		$	30,719		$	27,987		$	30,690		$	34,018		$	32,627
Gross profit		17,948			16,890			4,132			10,956			8,422			12,826			13,929			15,477
Income (loss) from operations		(2,346	)		(6,535	)		(22,830	)		(11,352	)		(311	)		(3,321	)		(616	)		547
Net income (loss)		(2,914	)		(6,599	)		(23,352	)		(12,105	)		147			(1,634	)		6,482			806
Net income (loss) per shareto common stockholders:
Basic	$	(0.06	)	$	(0.14	)	$	(0.50	)	$	(0.26	)	$	0.00		$	(0.03	)	$	0.14		$	0.02
Diluted	$	(0.06	)	$	(0.14	)	$	(0.50	)	$	(0.26	)	$	0.00		$	(0.03	)	$	0.13		$	0.02
Shares used in the computation of net income (loss) per share:
Basic		47,516			47,119			47,139			47,236			47,328			47,529			47,496			46,805
Diluted		47,516			47,119			47,139			47,236			48,778			47,529			49,150			48,085

In the first quarter of fiscal year 2015, we acquired 92% of the shares of iML in a tender offer. In the third quarter of fiscal year 2015, after completing a second-step merger, we paid $18.9 million to settle the acquisition of the remaining 8% of the shares and vested options exercised subsequent to June 3, 2014. Consistent with the payments for the tender offer, the payments associated with the second-step merger were classified as a component of investing activities in the Statement of Cash Flows for the nine month period ended December 28, 2014. However, since we maintained control of the subsidiary when the payments were made for the second-step merger, these payments should have been classified as part of financing activities. For the nine month period ended December 28, 2014, cash used by investing activities and cash used in financing should have been $78.0 million and $24.0 million respectively, instead of amounts previously reported. This misclassification on the Statement of Cash Flows had no impact on the result of operations, the balance sheet, or stockholders’ equity for any period. Additionally, we evaluated the materiality of this change from a qualitative perspective and have concluded that the impact of the misclassification was not material to the nine month period ended December 28, 2014.